The decision of US President Donald Trump for the TikTok application is well known, however, the decision refers to the “prohibition of use by any person or any legal entity under US jurisdiction” with the companies ByteDance (which owns TikTok), but also Tencent (in which owns the WeChat app), writes The Telegraph.
WeChat (something like the Chinese version of WhatsApp) is not very popular outside of China, so it did not get much public response. However, the Chinese can hardly imagine life without this app, which serves them for communication, but it is also a payment method, a source of news and so on. This is an app that most Chinese people have on their phones.
This is why Apple is afraid of what will happen if they have to remove it from their app store. If WeChat is not available in China, analyst Ming-Chi Kuo predicted that the iPhone would sell 25-30 percent less.
Exact amounts are not mentioned, but that, along with declining sales of other Apple devices, would mean billions of dollars in damages to Apple.
If this only applies to the United States, Kuo estimates that the decline in iPhone sales will be only 3 to 6 percent, reports Tech Spot.
No more specific information is known yet, but we must remember that Tencent owns the gaming company Riot Games, and they own almost a 50% stake in Epic Games, which they have invested in Tesla, Reddit, Spotify and many others. .