China has strict internet rules, and the country blocks content deemed in opposition to the government’s views. Apple’s peer Alphabet Inc.’s (GOOGL) subsidiary Google is facing flak over its plans to launch a censored search engine in China. Google’s search product is currently blocked in the country.
Apple relies on China for a significant portion of its revenue as well as the assembly of its iPhones
The US and China are in the middle of a brewing trade war, and these issues are particularly sensitive for Apple, which relies on the Asian country for a significant portion of its revenue as well as the assembly of its iPhones. Technology companies, in particular, are a sore spot between Washington and Beijing.
Last week turned out to be quite eventful for Apple, the first company to reach $1 trillion in market value. The company had 90 GB of its data hacked by a teenager who claimed to be a fan of the tech giant. On Friday, Apple also reached a new all-time high of $217.58 from its previous milestone of $213.81.
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