There are hundreds of companies manufacturing smartphones worldwide. Still, there is only one company in the world that is capable of making most of the revenue in the industry. In particular, 92% of the entire revenue generated in the global smartphone market belongs to Apple.
The recent stock market plunge in China cost the world’s second biggest economy at least 2 500 billion dollars of stock market capitalization. That is the major reason why the Chinese stock market indexes have lost more than 30% of its value over the last few weeks, Masterforex-V Academy reports.
The Chinese authorities have temporarily banned public Chinese companies from trading their stocks in order to reduce the increased volatility in the Chinese stock market and defend the interests of multiple investors, Market Leader reports.