Connect with us

Asia Pacific

How The US Brands Are Serving as a Bargain Chip For China amid Trade War

Published

on

China has found itself on the back foot amid the US-China trade war but in this mighty tirade, the US brands are giving China a bargaining chip. While some Chinese firms have taken a hit due to the tirade with Washington, the US brands are enjoying a remarkable success in China. At the helm of these US brands is Apple which has hit a record high in terms of the value of its shares. 

Apple has enjoyed a market capitalisation of almost $1 trillion as reported by Global Times. It was only recently that California based Apple reported its profits for the third quarter that ended on June 30. Apple in this quarter has witnessed a hike in sales of 19 per cent for China. The sales in the third quarter stood at $9.6 billion after a 19% increase with respect to the previous quarter. As of now, China is the most imperative overseas market for Apple but nationalist sentiments might change the mood in the Chinese market seeing Trump’s protectionism.

If Chinese people resort to targeting Apple out of anger for the protectionism shown by the US, Apple would become vulnerable. China is both a production and processing base for Apple which is a great example of global manufacturing. But if the trade war comes down heavily on China then Apple too would be on the receiving end of some heavyweight suffering. Apple needs to share the dividends of its development with the Chinese people to immune itself amid the trade tirade between Washington and Beijing.

According to a certain set of statistics, the processors for Apple in China only get 1.8% of the profits made by a device. The larger chunk of profits made by Apple comes from its business in China. The company must share more profits with the local Chinese people to continue its enormous success in China. China surely will not ever think about kicking Apple out among other US brands but Apple must immune its growth in China.

More News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

Russia-China Russia-China
Featured52 mins ago

Are Russia & China Taking A Lead From NATO & Working To Develop A Joint Nuclear Powered Aircraft Carrier?

China and Russia’s common adversary, the US, has brought the two powers together and have cooperated by carrying out joint...

JU-88 JU-88
Featured1 hour ago

How The United States Got Hold Of Nazi Germany’s Most Ferocious Multi-Role Warplane – The Ju-88s?

The Junkers Ju-88 combat aircraft that was a mainstay in Nazi Germany’s air force, Luftwaffe, miraculously found their way to...

Indian-Armed-Forces Indian-Armed-Forces
Asia Pacific7 hours ago

Indian Elite Marine Commandos (MARCOS) Deployed In Ladakh As India-China Border Tensions Refuse To Die Down

In the latest development in the India-China border standoff, the Indian Navy has deployed its elite Marine Commandos (MARCOS) near...

Bubonic Plague Bubonic Plague
Featured7 hours ago

China Blames India & Pakistan For COVID-19 Pandemic; Gives Clean-Chit To Original Epicenter – Wuhan

A new study by Chinese researchers has now claimed that the COVID-19 virus originated in the summer of 2019 in...

BRAHMOS BRAHMOS
Expert Reviews9 hours ago

Modified Version Of BrahMos Anti-Ship Cruise Missile Successfully Tested; Hits Target With Pinpoint Accuracy

The Russian Navy has once again test-fired its latest hypersonic anti-ship missile Zircon, also spelled as Tsirkon which is reported...

Missile-System Missile-System
Asia Pacific10 hours ago

Japan’s Biggest Threats Aren’t China And North Korea, But A Challenging Issue Within Its Own Army

Japan’s dwindling birthrate has now become a security threat as the Self Defense Forces (SDF) face challenges to recruit personnel...

Boycott-Chinese-Products Boycott-Chinese-Products
Featured11 hours ago

China Ends Western Nuclear Monopoly With Indigenous Hualong One Reactor – Chinese Media

The China National Nuclear Corp (CNNC) claimed on Friday that its first Hualong One, a third-generation pressurized water nuclear reactor,...

Gangayaan-ISRO Gangayaan-ISRO
Featured13 hours ago

India’s Ambitious Human Space Mission ‘Gaganyaan’ Gets A Big Boost With The Delivery Of S-200 Boosters

At a time when India’s human space mission, Gaganyaan, has seen repeated delays because of the Covid-19 pandemic, the recent...

Saudi-Israel Saudi-Israel
Featured14 hours ago

Normalization Of Ties Between Saudi Arabia And Israel Not Possible During King Salman’s Reign: Reports

After the United Arab Emirates (UAE), Bahrain and Sudan agreed to normalize their relations with long-standing enemy, Israel, through a...

Featured15 hours ago

India Choking Pakistan In The Middle-East; After Saudi & UAE, Modi Govt Adds Bahrain To The List

India’s External Affairs Minister S. Jaishankar recently concluded his two-day official visit to the Kingdom of Bahrain. He had met...

Advertisement
Advertisement