There are concerns the U.S.-China tensions could hurt Foxconn's revenue after President Donald Trump issued banned American transactions with Chinese tech firms Tencent and ByteDance.
, which owns the popular messaging app WeChat, and ByteDance, which owns the widely popular short video-sharing app, TikTok. The ban is set to go into effect in mid-September though its scope remains unclear.
Chinese workers assemble electronic components at the Taiwanese technology giant Foxconn's factory in Shenzhen, China.said that if Apple is forced to remove the WeChat app from its App Store worldwide, it could dent iPhone shipments. iPhone users in China may lose access to WeChat, which is the most popular messaging app inside the mainland and has multiple services integrated into a single app.
"So, Foxconn might lose iPhone a little bit, but they can gain from other non-iPhone customers," he said, adding that iPhone fans may still buy the device without WeChat and find alternate ways of accessing the app, such as carrying a second device.that WeChat and Weixin, the version of the app that is used in China, are two separate applications. The company said that based on its initial reading of the executive order, the move will likely be focused on WeChat in the U.S.
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