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Apple China Trade Large Cap Sympathy Short

Apple China Trade Large Cap Sympathy Short

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Adit Dayal
Sep 07, 2023
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If you didn’t see Apple fall >3% for only the 25th time in the company’s history of trading, well yesterday was the day to see it because of a headline that hit.

The Apple China news today dropped the stock 3% in that certain gov devices will not be allowed to be iPhones, but the news has extended in that China wants to broaden this to other agencies as well.

This is not good for Apple for a multitude of reasons.

  1. 20% of Apple’s revenue is from China:

    Image
  2. China is one of the largest countries where the labor for the public sector is the largest, if they want to extend this to all public workers this can be another hit (we see them start doing this now)

    Image
  3. China has been critical for Apple's revenue growth In fact it accounts for ~$70b in revenue for the last fiscal year

    Image

I did some research and I have a good large cap sympathy that can fall in tangent with Apple if the decline continues tomorrow.

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