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US ban on WeChat could cut China iPhone sales by 30%, says Ming-Chi Kuo

Analyst Ming-Chi Kuo has warned investors that the Administration’s decision to ban US companies from having business relationships with firms including WeChat, may have a significant impact on Apple’s sales in China.WeChat is available everywhere, but totally dominates in ChinaIn a research note seen by AppleInsider, Kuo cautions that the ban means WeChat being removed from the App Store worldwide. Even if the ban solely meant its removal for users in China, however, the mass popularity of WeChat there would mean a drop in iPhone sales. Read more…
Source: Apple Insider News and Secrets on New Apple Products

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