Trumpࢀ™s WeChat ban could significantly hurt iPhone sales in China

By Shubham Agarwal August 9, 2020 11:25PM PST The Trump administrationࢀ™s sweeping executive order on Chinese social network WeChat could potentially deal a heavy blow to Appleࢀ™s most lucrative business. As per a new research note (via MacRumors ) by the longtime analyst, Ming-Chi Kuo, Apple could lose more than a quarter of its iPhone sales in China (25-30%) if itࢀ™s forced to drop WeChat from the App Store. The executive order, that President Donald Trump signed on Friday last week, blocks all transactions with WeChat, a social platform owned by the Chinese tech giant, Tencent. WeChat is an indispensable…