Apple (AAPL) shares are undergoing a selloff — shaving off $200 billion of market value in just two days — after the Chinese government restricted officials' use of iPhones for work and Huawei unveiled its new Mate 60 Pro smartphone.
Rhodium Group Director Reva Goujon explains the concerns Huawei's new advanced chips present to U.S. regulators and how Apple is getting caught in the middle of various export controls.
"China has intent to showcase when it has technological breakthroughs," Goujon says. "There's some question over to what degree does this actually represent a breakthrough and an ability for heavily-sanctioned Chinese firms like Huawei to circumvent U.S. export controls and sanctions."
