Investors are overreacting to China iPhone ban news, says Morgan Stanley

Morgan Stanley warns investors to stick with Apple despite China rumors making the stock price tumble.Futian District, ShenzhenIt is definitely true that the Chinese government forbidding staff to use iPhones is a drop in the bucket of Apple's sales to the country, even if the authorities enforced it. Yet it caused a significant drop on Apple's shares, and local carrier China Mobile has tried to calm rumors, while the Chinese government seems happy to stay non-committal. Read more...