NEW YORK -- Apple faces a threat to nearly one-third of its earnings if the U.S. export restrictions against Chinese company Huawei Technologies prompt retaliation by Beijing, Goldman Sachs has warned.
Trade war
One-third of Apple earnings at stake if China retaliates: Goldman
Wall Street outlines risks for US smartphone maker following Huawei ban
Goldman Sachs estimates that Apple could suffer a 29% drop in earnings if China retaliates against the U.S. ban on Huawei. © Reuters
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