Over a dozen major U.S. international business executives joined in a call with White House officials on Tuesday to raise their concerns about President Donald Trump's planned restrictions targeting the WeChat app from China's Tencent Holdings Ltd., according to a Wall Street Journal report.
In his latest report, TF International Securities analyst Kuo Ming-chi estimated that global iPhone shipments could drop by 25 to 30 percent if Apple is forced to remove WeChat from its global app store. Besides, the annual shipments of other Apple hardware devices, including AirPods, iPad, Apple Watch, and Mac, will be revised down by 15 to 25 percent.
"We have worked with WeChat in the past to identify opportunities to work with restaurants that can get set up. WeChat actually recently started a series where they are working with Napa Valley to promote business there and promote tourism," said Darlene Chiu Bryant, executive director of GlobalSF.
Apple has spent years building China into a 44 billion U.S. dollars growth driver. In the second quarter of 2020, the company's revenue from the Chinese market accounted for over 15 percent of its total.