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A wider ban on China state employees from using Apple's iPhones is unsurprising and seeks to limiting a Western company's market access, the chair of the U.S. House panel on China told Reuters on Thursday. "This is textbook Chinese Communist Party behavior—promote PRC (People's Republic of China) national champions in telecommunications, and slowly squeeze western companies' market access," U.S. Representative Mike Gallagher, a Republican, said in an emailed statement. Reuters, citing sources, reported earlier that China has in recent weeks widened existing curbs on the use of iPhones by state employees, telling staff at some central government agencies to stop using their Apple mobile phones at work...

Shares of Apple fell Thursday morning , extending this week's losses to roughly 7%. The tech giant's stock was recently down about 3%, on pace for its worst two-day stretch of the year. China has ordered officials at some government agencies not to use iPhones at work, the Journal [reported yesterday](https://www...

The stock has been hit by concerns over a ban on iPhone use by Chinese government officials. Analysts are weighing in on what comes next...

China plans to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and state companies, a sign of growing challenges for Apple Inc. in its biggest foreign market and global production base. Bloomberg's Ed Ludlow and Abigail Doolittle report. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en...

(Bloomberg) -- The slide in Apple Inc.’s shares has taken some $200 billion off the technology giant’s market cap, boosting demand for options to protect against further declines. Still, for some bargain hunters, it’s an opportunity to place some suddenly cheaper bullish bets. Most Read from BloombergChina Seeks to Broaden iPhone Ban to State Firms, AgenciesIndia’s Moment Has Arrived, and Modi Wants a New Global OrderSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackFed Set to D...

(Bloomberg) -- Apple Inc. shares tumbled Thursday, on track to wipe out $200 billion of market value in just two days, as China plans to expand a ban on the use of iPhones to government-backed agencies and state companies. Most Read from BloombergChina Seeks to Broaden iPhone Ban to State Firms, AgenciesIndia’s Moment Has Arrived, and Modi Wants a New Global OrderSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackFed Set to Double Its Economic Growth Forecast After Strong US Data...

Shares of tech giant and iEverything specialist Apple (NASDAQ: AAPL) tumbled 5.1% on Thursday morning at 9:30 a.m. ET, after multiple news outlets reported that the Chinese government is making moves to ban the iPhone from China. Specifically, Beijing has ordered officials working for central government agencies to not use iPhones (or other "foreign-branded devices") for work, or even to bring these devices into the office, says The Wall Street Journal. What's more, neither China's State Council Information Office or its the National Civil Service Administration is responding to requests for clarification...

Apple (ticker: AAPL) stock was [falling again Thursday](https://www.barrons.com/articles/apple-stock-price-iphone-china-ban-dcf732cf) as a China ban on iPhone use for government officials hit investor sentiment...

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