Refusal And Retrenchment

Apple and Microsoft refuse to provide Russian security services with user-data access, citing sanctions, privacy law, and cybersecurity obligations. Moscow responds with fines, app-store restrictions, and pressure on remaining local distributors, but the companies have limited direct revenue exposure after their post-2022 pullbacks.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.