Trump's Tencent Ban Could Crush Apple's iPhone Sales
Last week, President Trump issued a ban on transactions with TikTok parent ByteDance and Chinese tech juggernaut Tencent (OTC: TCEHY), citing national security concerns regarding the collection of user data. There are many lingering questions about exactly how the ban will be implemented or what types of transactions are actually included, particularly as Tencent holds investments in a broad range of U.S. companies including Tesla, Activision Blizzard, and Snap, among others.
The ban could also potentially have devastating effects on Apple (NASDAQ: AAPL).
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Source Fool.com
