The WeChat Effect: Massive iPhone Sales Collapse Possible Due to Trump’s Ban

There’s a lot going on these days in the relationship between American and Chinese companies, and while Microsoft is about to purchase TikTok, Apple has its very own reason to keep an eye on the news these days.

United States President Donald Trump has recently banned U.S. transactions with WeChat and parent company Tencent, and while at first glance this doesn’t seem much for Apple, well, it actually is.

And it all comes down to the Cupertino-based tech giant being allowed to offer the WeChat app on the iPhone.

Analyst Ming-Chi Kuo explains in a note for investors that banning the WeChat app in the App Store for the global market would have a devastating effect for Apple, as he expects iPhone sales to drop by as much as 30 percent just for this reason.

Massive sales drop

China, the country where WeChat is extremely popular and which accoun… (read more)

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