U.S. action tightens the screws on Huawei

Back in December, Chinese corporations led a small boycott against the Apple iPhone. At the time, Canadian law enforcement officials had ju...

Back in December, Chinese corporations led a small boycott against the Apple iPhone. At the time, Canadian law enforcement officials had just arrested Huawei CFO Meng Wanzhou based on a U.S. arrest warrant. Several Chinese businesses began to subsidize employee purchases of smartphones made by local firms while fining those who purchased an iPhone. Weeks later, Apple cut wholesale prices of the 2018 iPhones in China and the latest data from April seemed to indicate that Apple had turned the corner in the country. UBS analyst Tim Arcuri noted that iPhone shipments in China declined 3% last ...

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