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Worst-case scenario for AAPL in China is 29% profit drop, warns Goldman Sachs

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<p>The worst-case scenario for AAPL in <a href="https://9to5mac.com/guides/china/" target="_blank" rel="noopener noreferrer">China[/url] could be a 29% drop in the company’s total global profits, warns Goldman Sachs.</p>
<p>The bank says the <a href="https://9to5mac.com/2019/05/14/trumps-tariffs/" target="_blank" rel="noopener noreferrer">escalating trade war[/url] between China and the US, worsened by the Trump administration’s <a href="https://9to5google.com/2019/05/16/trump-administration-puts-huawei-on-export-blacklist-cant-import-us-hardware-without-government-approval/" target="_blank" rel="noopener noreferrer">ban on US firms selling to Huawei[/url], means the Chinese government will be looking for a way to hit back at America – and Apple is an obvious target …</p>
<p> <a href="https://9to5mac.com/2019/05/23/worst-case-scenario-for-aapl/#more-593895" class="more-link">more…[/url]</p>
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