Apple Inc.'s AAPL, +1.92% per-share earnings are at risk of shrinking by about 29%, or $3.35, if its products are banned in China in retaliation for measures taken by the U.S. government against Huawei, Goldman Sachs said Wednesday. "This represents 100% of estimated Apple earnings exposure to Mainland China and Hong Kong combined with some offset assumed for Sales & Marketing cost savings," analysts led by Rod Hall wrote in a note to clients.
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Reduction in sales should be offset by lower operating & financial leverage.
Will never happen. Apple employ millions Chinese worker and pay local tAx
Could also lead to iPhone being made elsewhere.
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