A ban in China could cut Apple's revenue by half

Apple's stock has struggled in May

In a note to investors, Goldman Sachs warned that Apple's profits (AAPL) could fall by about 30% if China inscribed the blacklist of the iPhone manufacturer on the list. The apple stock has dropped about 17% since May 3, after the resumption of the trade war between the two countries. Apple has been hit hard by trade tensions between the two countries, which seem unlikely to come to an agreement.

Apple's Chinese revenues could be cut in half

Another investment bank warns China to boycott Apple. Citi predicts that the boycott would cost Apple nearly half of its shipments to China, and thinks the trade war could spur Chinese citizens to change allegiance to Chinese sellers such as Huawei.

Citi lowered its target for the company from $ 220 to $ 205, which still implies a 15.6% gain over its current price. While China's share of Apple's revenue has declined over the past two quarters, the region still accounts for about 17% of the company's total revenue. Other factors behind this decline include competition from the economic smartphones of local sellers, the slowdown in the Chinese economy and Chinese citizens who are reluctant to pay more for their iPhone.