Trump’s crackdown on wechat makes Apple feel bad

U.S. President Trump’s order banning U.S. companies from doing business with wechat, a Chinese communications software, could hurt iPhone sales in one of Apple’s most important markets. < p > < p > wechat is vital to China’s digital life, and is the preferred application for more than a billion people to shop, pay, receive e-mail, surf the Internet and various forms of business and personal communication. Many Chinese don’t use telephone or email. Foreign visitors must download the app and recharge it, or they may not be able to pay for small purchases. < / P > < p > an online forum of stock investors launched a user survey: if Apple’s app store was removed from wechat, would they give up iPhones or give up wechat: the voting result is that the number of people who choose to give up iPhones is 20 times higher than that of wechat. Anand Srinivasan, an industry research analyst at Bloomberg, said the Chinese market accounted for about 20% of Apple’s iPhone sales, so the removal of wechat from Apple’s App Store “will be a serious obstacle.”. < / P > < p > although the Google App store is banned in China, there are other ways to install apps on Android Software on smartphones. An apple spokesman did not respond to a request for comment. ‘Most of Apple’s manufacturing is in China, and if China targets Apple’s exports, it will affect its global business, ‘Srinivasan said. China may also limit the supply of key raw materials for the iPhone, such as rare earth metals. < p > < p > apple fell 1% in the New York market on August 7 and closed at a high of $450.85 on August 6. Apple has risen 53% since 2020. It is well known that trump often changes his mind and makes a retreat or an exception to his statement. Apple may also open up its operating system to allow users to download apps without going through the app store, but this will be a big change for a company that has been carefully protecting its ecosystem and charging 30% for many apps. < / P > < p > if the ban is enforced and apple has no solution, Chinese consumers who can afford iPhones are likely to switch to Huawei, a local high-end smartphone maker. Continue ReadingASMC, a lithography maker, was one of TSMC’s 14 top suppliers last year