China expands iPhone ban, Apple drops $190 billion in market value

Apple China
(Image credit: Future)

Just days before Apple's iPhone 15 announcement, it has emerged that China has expanded its ban on iPhones – rocking the American company's market value. 

The launch of the iPhone 15 family next week, on September 12, is the biggest event on the Apple calendar. However, with the greater Chinese territory (also comprising Taiwan and Hong Kong) accounting for 20% of sales between April and June, Apple's market capitalization has plunged by $190 billion (approximately £152 billion). 

Thank you for reading 5 articles this month* Join now for unlimited access

Enjoy your first month for just £1 / $1 / €1

*Read 5 free articles per month without a subscription

Join now for unlimited access

Try first month for just £1 / $1 / €1

James Artaius
Editor

James has 22 years experience as a journalist, serving as editor of Digital Camera World for 6 of them. He started working in the photography industry in 2014, product testing and shooting ad campaigns for Olympus, as well as clients like Aston Martin Racing, Elinchrom and L'Oréal. An Olympus / OM System, Canon and Hasselblad shooter, he has a wealth of knowledge on cameras of all makes – and he loves instant cameras, too.