Apple stock: Should investors be concerned about reported China bans?

Apple (AAPL) shares took a hit after reports that China was banning government officials from using iPhones for work. Adding to the company's woes are the announcement of Huwaei's new Mate 60 models which could pose a threat to Apple's dominance in the region. Santosh Rao, Head of Research at Manhattan Venture Partners, joins Yahoo Finance's Brad Smith and Julie Hyman to discuss the future of Apple stock and whether or not investors should be concerned about the recent announcements. Rao says that, in the near-term, the China concerns are more of a "headline risk." Rao says this is a "shot across the bow" from China to the countries that want to put restrictions on the country's exports and activities.