Big Technology Podcast Apple's China Problem, Its Tenuous Valuation, And The iPhone 15 — With Walter Piecyk
Sep 8, 2023
Walter Piecyk, a partner at LightShed Partners, shares his sharp insights on Apple's recent $200 billion market cap loss, largely due to challenges in China and government restrictions. He discusses how geopolitical tensions with China and competition from Huawei are reshaping Apple's position. Piecyk also dives into the complexities of forecasting Apple’s future valuations amid growing risks and offers thoughts on the mixed anticipation for the iPhone 15. Additionally, he touches on the evolving landscape of sports broadcasting amid Charter's disputes.
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Apple's China Risk
- Apple's stock dropped $200 billion due to China's ban on iPhones for government employees.
- This ban highlights the increasing tension and potential risks in the US-China relationship.
Apple's China Codependency
- Apple's manufacturing is deeply entrenched in China, creating a codependency between the two.
- Moving production elsewhere is complex and would take time, impacting Apple's quality and margins.
Huawei's Rise
- Huawei's new Mate 60 phone, with comparable specs to the iPhone, is gaining popularity in China.
- This shift is driven by national pride, potentially impacting iPhone sales.