The US-China tech war is getting worse. Apple is paying the price

January 10, 2019

Apple said the US-China trade war had weighed on consumers in the world's second-largest economy. Some pundits pointed to a broader economic slowdown in the country, while others highlighted the growing domestic competition that Apple faces in China from increasingly capable domestic suppliers like Huawei and Xiaomi. None of this is wrong, but it misses the deeper issue: US companies face a growing risk of being boxed out of the next wave of innovation in China.