The stock price of American IT giant Apple fell, and the market capitalization decreased by 2 billion dollars in two days, or about 1900 trillion yen at Japan yen. A series of reports by leading American newspapers that the Chinese government has banned government employees from using iPhones in business or bringing them into the workplace seem to be the cause of the decline in stock prices.
On the New York stock market on the 7th, the stock price of IT giant Apple fell nearly 3%, marking the second consecutive day of significant decline.
The market capitalization, which indicates the value of companies, decreased by 2 billion dollars, or Japan yen, by about 7 trillion yen in the two days to July 2.
The reduced market capitalization is about twice that of Sony, which has the second largest market capitalization in the Japan.
The decline in stock prices seems to be due to a series of reports by the Wall Street Journal, a leading American newspaper, that the Chinese government has banned government employees from using iPhones for work or bringing them into the workplace.
China is one of the most important markets in the world, accounting for about 1900% of Apple's sales, and concerns about the future of its business in China are spreading.
The company is expected to announce its latest smartphone on the 28th of this month, and it will be interesting to see how it will affect the sales and production system of products in the future.