China🇨🇳 has banned the use of iPhones and other foreign-branded devices by government officials. This led to Apple losing $200 billion in market cap in just two days 😳

That's more than the market capitalization of Uber, Spotify, Lyft, and Snapchat. Combined.

The CCP has almost 97 million members who can no longer legally own an iPhone. All of them had to switch to another brand like Huawei overnight.

Hence, it's not surprising that Apple stores these days look like desserts compared to Huawei mobile phone stores.

But that's not even it.

China is one of Apple's biggest markets and generates nearly a fifth of its revenue. If things get bad and China extends the ban to everyone living in China then Apple is going to get in huge trouble.

This is probably the biggest test in Apple's entire history.