Morgan Stanley says China's iPhone curbs could impact Apple's revenue by 4%

Apple logo.

Credit: Reuters File Photo

Morgan Stanley said on Friday Apple could see at most a 4 per cent hit to its revenue this year after China widened existing curbs on the use of iPhones by state employees.

Analyst Erik W Woodring said Apple's share losses in the last two days were "overdone" as he does not believe the curbs will lead to something broader.

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