Apple's stock continues decline amid worries about China's reported ban on government iPhones

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Apple's stock continues decline amid worries about China's reported ban on government iPhones
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Apple Inc. shares look poised to further their selloff Thursday amid new concerns about the company's China business.

Shares of Apple Inc. looked poised to further their selloff Thursday amid new concerns about the company’s China business.

Shares of Apple AAPL, -3.58%, which fell 3.6% in Wednesday’s session, were off 3.0% in Thursday’s premarket action.The Bloomberg story noted that it was unclear how China would enforce the ban, as some entities may forbid employees from using iPhones just in work settings while others could opt to ban their usage entirely.

Action from Chinese officials would signal an escalation of tensions with the U.S., many of which have been playing out in the technological sphere. The U.S., for example, has moved to limit the sales of some artificial-intelligence chips to China.

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