Wedbush: China’s government worker iPhone ban is way overblown

Wedbush Securities analyst Daniel Ives, like Citi analysts, believes the market is overreacting to the news that China has in recent weeks widened existing curbs (extent unknown) on the use of iPhones by state employees.
iPhone 15 concept rendering (via 4RMD)
Subrat Patnaik for Bloomberg News:Apple Inc. shares tumbled in premarket trading Thursday, on track to wipe out $194 billion of market value in just two days, as China plans to expand a ban on the use of iPhones to government-backed agencie