Apple stock slips in aftermarket on report China is ramping up iPhone ban efforts By

Apple (NASDAQ:) shares fell 0.7% in after-market Friday after Bloomberg News reported that various Chinese government agencies and NASDAQ Stock Exchangestate-backed companies are reportedly instructing their employees not to bring Apple iPhones and other foreign devices to work.

This move aligns with China's long-term goal of reducing reliance on foreign technologies and promoting the use of domestic products.

Several state firms and government departments in multiple provinces have issued directives in the past month or two, encouraging employees to use local brands.

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