Apple’s financials are getting a little more complicated, but it seems that the company is still getting it right.
In September, the Chinese government announced that it was banning Apple from accessing the country’s markets as a result of alleged money laundering.
Apple’s shares were down almost 4% in after-hours trading on Thursday, with its share price down nearly 4% over the same period.
“The ban is expected to affect both Apple and the Chinese market, but this is not the end of the story,” analysts at Bernstein Research wrote in a research note.
“In fact, it’s likely to be the start of a new phase in China’s financial markets, as the ban is the first step in a broader crackdown on the company.”
The company’s iPhone has received a number of upgrades since the ban, including the iPhone XS Max, which is expected later this year, and the iPhone 8 Plus, which has a fingerprint scanner and a larger display.
Apple has not yet announced plans for a global release of its iPhone X or iPhone Xs, but a new model of iPhone could be announced sometime in the next few months.
The company is also rumored to be preparing a new iPhone XC and XS XL.
The new iPhone could offer a much wider range of specs, including a fingerprint reader and a smaller display, but Apple is unlikely to launch the device this year.