In 2019, Chinese visitors spent more than 1.3 billion dollars visiting the San Francisco Bay Area. For many of them, WeChat, with its ability to make payments, played a valuable role.
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.
It was unclear how the administration could implement the ban on WeChat in mid-September. It could order Apple Inc and Alphabet Inc's Google to remove WeChat from their app store, or order the apps to stop offering access or updates to U.S. users.
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.
"Seeing Chinese investment go through the door, I think it is definitely going to slow down, and they are definitely going to think twice, and I think unfortunately for America, that a lot of the investment may actually go to Europe instead.” 成都郫都警方官方微博“郫都公安”8月13日晚间23:31分发布通报：