Goldman predicts a drop in Apple profits if its products are banned in China


Goldman Sachs calculated how much American Apple profits would decline if China bans the sale of its products after the American authorities have added Chinese Huawei to the list of companies that can buy goods and services in the US only after receiving a special permit. In their calculations, bank analysts used the share of China and Hong Kong in Apple's global sales and the result of lower marketing costs. The calculations did not include the possible introduction of a ban on the assembly of products and the purchase of components. According to experts, the profit of the American company per share may fall by 29%. According to Apple’s report, its earnings per share in the second fiscal quarter, which ended in March, was at 2 dollars 46 cents. The profit figure of the last fiscal year was 11 dollars 91 cents per share.

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