Wall Street sees small hit to Apple’s revenue from China’s iPhone curbs

Apple Inc’s revenue may take a small hit this year from China’s recent move to curb the use of iPhones by state employees, Wall Street analysts said on Friday.

Apple shares tumbled 6.4% over the last two days, wiping $190 billion from its market capitalisation, following news Beijing ordered some central government employees in recent weeks to stop using iPhones at work.