The worst-case scenario for AAPL in China could be a 29% drop in the company’s total global profits, warns Goldman Sachs.

The bank says the escalating trade war between China and the US, worsened by the Trump administration’s ban on US firms selling to Huawei, means the Chinese government will be looking for a way to hit back at America – and Apple is an obvious target …

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Ben Lovejoy

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