The technology giant’s stock market valuation has fallen by almost $200bn in the last two days.
Shares in Apple have fallen for a second day in a row after reports that Chinese government workers have been banned from using iPhones.
The technology giant’s stock market valuation has fallen by almost $200bn (£160bn) in the last two days.
China is Apple’s third-largest market, accounting for 18% of its total revenue last year.
It is also where most of Apple’s products are manufactured by its biggest supplier Foxconn.
The Wall Street Journal reported on Wednesday that Beijing had ordered central government agency officials to not bring iPhones into the office or use them for work.
The following day, Bloomberg News reported that the ban may also be imposed on workers at state-owned companies and government-backed agencies.
