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Morning Brew Daily

Why Apple's Stock Just Tanked & Workers Are Unhappier Than Ever

Sep 8, 2023
27:03
Snipd AI
Topics include Apple's stock decline in response to an iPhone ban in China, declining worker happiness, Elon Musk's alleged involvement in turning off Starlink during the Ukrainian War, stock and dog of the week, Drake's AI ghost writer, and the most photographed restaurants on Yelp.
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Podcast summary created with Snipd AI

Quick takeaways

  • Huawei's release of a 5G chip in their smartphones challenges Apple's dominance in China and poses a significant threat to Apple's sales in the country.
  • Employee sentiment in the US has significantly dropped since 2020, with the tech industry experiencing the fastest decline in happiness, mainly due to factors like low pay and return-to-office mandates.

Deep dives

Apple Faces Challenges in China Amid Huawei's Emergence

Chinese smartphone maker Huawei has surprised the world by releasing a smartphone equipped with a 5G chip, challenging Apple's dominance in China. Apple is now facing a ban on the use of iPhones in government departments and state companies. This poses a significant threat to Apple's sales and manufacturing operations in China, causing a loss of $200 billion in market cap.

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