The tech inventory exodus from Russia will not strike giants like Apple (AAPL), Alphabet (GOOGL) and Microsoft (MSFT) tough in the wallet. But pressure in China is a different tale.
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Pulling the plug on small business in Russia as the war in Ukraine escalates is a “no-brainer strategic determination for any exec who has a ethical compass,” said Wedbush analyst Daniel Ives. It also aids that tech revenue in Russia total to little more than a “rounding mistake” on their equilibrium sheets, he mentioned.
But tensions in China harmony on a pendulum. China