iPhone 15

Apple is facing a sudden $200 billion drop in market value, as rumors suggest the new iPhone 15 may not be successful in China. This could impact the technological dominance of the US, as China has become an important market for Apple. Huawei's recent release of the Mate 60 Pro, despite Western sanctions, showcases China's ability to offer advanced technology and threatens iPhone sales in China. Analysts estimate that the Mate 60 could capture up to 38% of Apple's sales in the country.