Posts filtered by tags: Greater China[x]


 

Apple's iPhone sales in China collapsed last quarter, and it's because they cost too much (AAPL)

iPhone shipments in China dropped nearly 20% on an annual basis during the 4th quarter of 2018, according to a new estimate. Huawei shipments were up 23% during the same period, according to the report.  Apple's high iPhone prices hurt it in China, according to IDC, a market research firm.  Apple missed its own revenue target during the quarter by about $7 billion, and attributed the miss to slow demand in China.  Apple's iPhone shipments during the quarter ending December 2018 were down near...
Tags: Apple, Hong Kong, China, Trends, Taiwan, United States, Tim Cook, Xiaomi, Huawei, Idc, Vivo, Oppo, Greater China, CNBC Huawei


Bridging the Dragon to Boost Euro-China Relations in Berlin

European connections with the vast Chinese film market will be given a boost during the Berlinale with the return of the Bridging the Dragon event series. This week sees an unusually large selection of mainland and Greater China productions across the Berlin Film Festival’s different sections. They include three Chinese films – Wang Quan’an’s “Ondog,” […]
Tags: Asia, News, Berlin, Global, Markets & Festivals, Berlin Film Festival, Greater China, Wang Quan, Zhang Yimou, Bridging The Dragon


Apple's 'bad news' wasn't as bad as expected. Here's what Wall Street is saying about the iPhone giant's earnings. (AAPL)

Wall Street analysts were reacting to Apple's quarterly earnings results on Wednesday. On Tuesday, fiscal first-quarter earnings and revenue came in barely above analysts' estimates and essentially in line with Apple's preannouncement earlier this month. Some said the iPhone giant's guidance wasn't as grim as expected but thought a host of challenges — namely around slowing economic growth in China and slowing iPhone sales — would persist. Shares were trading up 5% following the results. Watc...
Tags: Apple, China, Trends, Hsbc, Oppenheimer, Greater China, Hargreaves, Tim Long, Andrew Uerkwitz, Benjamin Schachter, Samik Chatterjee, Macquarie Price, KeyBanc Capital Markets Andy Hargreaves, BMO Capital Markets Price


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Wednesday. iPhone sales cratered 15% in Apple's worst holiday results in a decade, and the forecast looks just as grim. Apple's guidance calls for sales to fall by as much as 10% and for its earnings per share to plunge by as much as 22%. Apple hinted that it might lower iPhone prices to counteract the sales fall. CEO Tim Cook said the firm was re-pricing the iPhone in some markets to prevent customers being impacted by the strong dolla...
Tags: Apple, Facebook, Yahoo, China, Israel, Trends, United States, Tim Cook, Ibm, Facetime, Justice Department, Sap, Alexa, Wilmington Delaware, Greater China, Amazon Alexa


The most important things we learned from Apple's earnings call (AAPL)

Apple offered new details on its business with its earnings report Tuesday. New figures showed just how profitable its services business is. The company now has 1.4 billion total active users of its devices, up 100 million last year. Apple may have pre-announced its revenue shortfall in early January, but the company offered plenty of important updates and details about the state of its business, and of the broader economy, during its official earnings call on Tuesday.  From the state of cons...
Tags: Apple, Japan, Cook, China, Trends, Turkey, Tim Cook, Greater China, Luca Maestri


Apple’s Q1 revenue declines with iPhone sales down 15%

Apple met its already-lowered expectations for its first earnings report of 2019, but the outlook isn’t too rosy as the gadget maker sees a major year-over-year decline in its cash cow iPhone business. Apple reported revenue of $84.3 billion with $4.22 in basic earnings per share, falling largely in line with Wall Street expectations of $84 billion with an EPS of $4.17. The company’s revenue shrank 5 percent year-over-year from $88.3 billion one year ago. Apple shares popped 2 percent after-h...
Tags: Apple, TC, Cook, Tech, Tim Cook, Greater China, Luca Maestri, Maestri, Wearables Home


Apple posts Q1 revenue decline with iPhone sales down 15 percent

Apple met its already-lowered expectations for its first earnings report of 2019, but the outlook isn’t too rosy as the gadget maker sees a major year-over-year decline in its cash cow iPhone business. Apple reported revenue of $84.3 billion with $4.22 in basic earnings per share, falling largely in line with Wall Street expectations of $84 billion with an EPS of $4.17. The company’s revenue shrank 5 percent year-over-year from $88.3 billion one year ago. Apple shares popped 2 percent after-h...
Tags: Apple, TC, Cook, Tech, Tim Cook, Greater China, Wearables Home


The key number to look out for when Apple drops its Q1 earnings report later today

Apple, the company formerly known by its trillion-dollar market cap, will be reporting its holiday quarter Q1 2019 earnings today and it may just have the health of the global markets riding on how the financials look. No pressure. Earlier this month, Apple CEO Tim Cook issued a letter to investors, slashing Q1 guidance from a range of between $89 billion and $93 billion to just $84 billion. Given that the company revised its guidance just a few weeks ago, there isn’t much of a reason to expe...
Tags: Apple, TC, Cook, China, India, Tech, Tim Cook, Greater China


Apple should give the iPhone XS and iPhone XR a permanent price cut (AAPL)

Apple has reportedly cut production for the iPhone XR, iPhone XS, and iPhone XS Max twice in the past two months to accommodate lower-than-expected demand for the new phones. Apple has about nine months before it unveils its next-generation iPhones. The company has ample time to improve demand for its current phones, and a small adjustment to the price could make a big difference. Apple has an iPhone problem. For the past decade, the iPhone business has been Apple's main source of income and ...
Tags: Apple, Cook, US, Trends, Tim Cook, Aapl, Greater China


A growing number of companies are flashing a warning sign on China's economy

Trade tensions have added to a policy-engineered slowdown in China. Last week, Apple blamed slowing economic growth there as it cut its revenue forecast. Several other large companies have issued similar warnings about the second-largest economy. Apple rattled global markets last week as it cited cooling activity in China as a risk to revenue, underscoring expectations for the second-largest economy to slow. And it was far from alone in its warning. Prominent companies around the world h...
Tags: Apple, China, US, Samsung, Trends, Nike, Bloomberg, Tim Cook, Starbucks, Reuters, Greater China, Andy Campion, China Passenger Car Association, Patrick Grismer, Samsung Samsung Electronics, HI Investment Securities


A growing number of companies are flashing a warning sign on China's economy

Trade tensions have added to a policy-engineered slowdown in China. Last week, Apple blamed slowing economic growth there as it cut its revenue forecast. Several other large companies have issued similar warnings about the second-largest economy. Apple rattled global markets last week as it cited cooling activity in China as a risk to revenue, underscoring expectations for the second-largest economy to lose steam. And it was far from alone in its warning. Prominent companies around the w...
Tags: Apple, China, US, Samsung, Trends, Nike, Bloomberg, Tim Cook, Starbucks, Reuters, Greater China, Andy Campion, China Passenger Car Association, Patrick Grismer, Samsung Samsung Electronics, HI Investment Securities


History says Apple's slumping stock will hold tech back from beating the market, according to Bank of America (AAPL)

If history is any indication, the S&P 500 technology sector can't outperform without Apple. That's according to a new Bank of America analysis of the performance of the S&P 500's tech sector relative to the broader market during periods when Apple has fallen more than 30%. Still, the firm's strategists have a positive view on tech more broadly as they believe valuations have already discounted much of the downside risk. Watch Apple trade live. Can technology stocks outperform without the hel...
Tags: Apple, China, Samsung, Trends, Bank Of America, Blackrock, Aapl, Greater China, Bank of America Merrill Lynch, Watch Apple, Savita Subramanian, Bank of America AAPL


Tesla breaks ground on$5 billion factory in Shanghai

After four years of planning, Tesla Inc. finally broke ground on its planned $5 billion factory in the world’s biggest auto market. But the timing couldn’t be more inauspicious. Chief Executive Officer Elon Musk and some Shanghai officials, including Mayor Ying Yong, on Monday attended a function at a site near the city kicking off construction of what would be the electric-vehicle maker’s first car-manufacturing facility outside the U.S. While the ceremony` marked a new journey for Tesla, it co...
Tags: Apple, Business, Elon Musk, China, Cars, Tesla, Sport, Soccer, Shanghai, Musk, U S Securities and Exchange Commission, Bloomberg Intelligence, Greater China, Tesla Inc, Ying Yong


Move over Microsoft, Amazon is the most valuable public company in the US

Last year, Amazon joined the exclusive $1 trillion club. This year, it’s continuing to exude its stock market dominance. Jeff Bezos’ e-commerce giant accumulated $797 billion in market value on Monday, ending the day trading up 3.4 percent at $1,629.51 per share and overtaking Microsoft to become the most valuable publicly-traded company in the U.S. Microsoft, which shot past Apple to nab the title on Nov. 28, closed up .1 percent at $102.06 per share Monday with a market capitalization of...
Tags: Apple, Google, Amazon, TC, Cook, Microsoft, US, Tech, Tim Cook, Jeff Bezos, Alphabet, Greater China, Microsoft Amazon, Today Apple, U S Microsoft, Amazon Microsoft Apple


Universal Music Group Makes Senior Management Moves in Asia

Universal Music Group today announced a series of executive management appointments within Greater China and throughout Asia that, according to the announcement, signal a significant expansion of UMG’s finance, marketing and public policy infrastructure in Asia to maximize creative and commercial opportunities across these markets. The appointments are: *Aaron Wang has been appointed as Chief Financial […]
Tags: Asia, News, Umg, Universal Music Group, Greater China, Aaron Wang


Elon Musk Breaks Ground on Tesla's Shanghai Factory

Tesla CEO Elon Musk and Shanghai Mayor Ying Yong celebrated on Monday the ground breaking of the electric automaker's first non-U.S. factory. From a report: "China is becoming the global leader in electric vehicle adoption, and it is a market that is critical to Tesla's mission to accelerate the world's transition to sustainable energy," Musk said, according to a company statement coinciding with the ceremony for the Shanghai factory. In Twitter posts before the event, Musk said that the factory...
Tags: Elon Musk, China, Tech, Tesla, Shanghai, Musk, Greater China, Ying Yong, Shanghai Factory


Apple just sounded the alarm on a slowdown in China. Staying away from these 20 stocks could help you avoid the pain, Goldman Sachs says.

Apple on Wednesday lowered its first-quarter revenue guidance, attributing a sales slump at least partially to a slowdown in China. Shares were down more than 9% on Thursday. The tech giant's warning indicates that companies with heavy exposure to China are facing headwinds .  Goldman Sachs previously identified 20 stocks that were particularly exposed to China. Apple shares were under pressure Thursday after the tech giant lowered its first-quarter revenue guidance and blamed slumping iP...
Tags: Apple, China, US, Trends, Tim Cook, Goldman Sachs, Huawei, Goldman, Aapl, Avery Dennison, Greater China, SunTrust Robinson Humphrey, China Apple, Healthcare Market, William Stein, Agilent Technologies Ticker


Apple's iPhone issues stretch far beyond China — and its recent sales warning could be the tip of the iceberg

There are two important factors to consider when trying to make sense of Apple's warning that its holiday quarter revenue   would fall billions short of expectations. The problems Apple saw in China go far beyond just Apple. But Apple's iPhone problems extend far beyond China, too. There was a collective thud Wednesday as Apple warned that its holiday quarter revenue   would fall billions short of expectations   amid exceptionally weak business in China. The backdrop: There are two importa...
Tags: Apple, Hong Kong, China, Trends, Tim Cook, China Taiwan, Greater China, Google Pixel, China Apple, Tom Warren, Shira Ovide, Greater China Bloomberg


Apple has way bigger problems than China, analysts say (AAPL)

Apple's revenue warning this week shook investors, sending shares plunging 10% and plaguing the broader market. The tech giant pinned most of the blame on a slowdown in iPhone sales, primarily in China. But China isn't Apple's biggest issue, according to a new analysis from CLSA, who points to the iPhones' average selling price and rising competition as the "real problems." Investors were shaken this week as Apple warned late Wednesday it would miss revenue expectations for its fiscal first-...
Tags: Apple, Facebook, Hong Kong, Europe, Wall Street, China, Trends, Tim Cook, Cupertino, Huawei, Blackrock, Aapl, Wedbush, CLSA, Greater China, ASP


Here's how Apple plans to overcome lower Q1 revenue projections (AAPL)

This story was delivered to Business Insider Intelligence Apps and Platforms Briefing subscribers hours before appearing on Business Insider. To be the first to know, please click here. Apple issued a surprise warning on its fiscal Q1 2019 (ended December 29, 2018) revenue guidance in a   letter   to investors on Wednesday. This marks the first time in 16 years that Apple reduced revenue expectations; the company lowered its expected range of $89 billion-$93 billion in revenue to $84 billion, wh...
Tags: Apple, Microsoft, US, Trends, Tim Cook, Greater China, Business Insider Intelligence, Alphabet Amazon Apple, Business Insider Intelligence Apps


Apple's shock warning bolsters one of Trump's biggest arguments for the US-China trade war

Apple unexpectedly lowered their guidance for the holiday quarter on Wednesday. The company pinned a significant portion of the blame on China's economic slowdown. Apple CEO Tim Cook in turn blamed the slowdown partly on President Donald Trump's trade war with China. US economic data remains strong in comparison. The dichotomy bolsters Trump's argument that the trade war is hurting the Chinese economy more than the American economy and that the US can hold out until Beijing gives in on a trade...
Tags: Apple, Cook, White House, China, US, Trends, Cnn, Beijing, United States, Xi Jinping, Tim Cook, Treasury, Msnbc, Donald Trump, Wall Street Journal, Trump


Apple's surprise warning to shareholders marks the first time the company has had to do this in almost 17 years

Apple told investors on Wednesday to expect revenue from its holiday quarter to be around 8% lower than previously anticipated. CEO Tim Cook largely blamed weak iPhone sales, "primarily" in China. The company saw its stock plunge in after-hours trading and when the market opened on Thursday. The last time Apple made such a shocking announcement was in 2002, years before the introduction of the iPhone. On Wednesday, Apple announced revenue for its holiday quarter would be significantly lower t...
Tags: Apple, Amazon, Europe, Japan, Cook, Microsoft, Mac, Steve Jobs, China, US, Trends, United States, Netherlands, Tim Cook, Korea, MacBook Air


Apple's surprise warning to shareholders marks the first time the company has had to do this in 16 years

Apple told investors on Wednesday to expect revenue from its holiday quarter to be around 8% lower than previously anticipated. CEO Tim Cook largely blamed weak iPhone sales, "primarily" in China. The company saw its stock plunge in after-hours trading and when the market opened on Thursday. The last time Apple made such a shocking announcement was in 2002, years before the introduction of the iPhone. On Wednesday, Apple announced revenue for its holiday quarter would be significantly lower t...
Tags: Apple, Amazon, Europe, Japan, Cook, Microsoft, Mac, Steve Jobs, China, US, Trends, United States, Netherlands, Tim Cook, Korea, MacBook Air


WH Economic Adviser: ‘Not Going To Be Just Apple’ Feeling Effects Of China Trade War

White House economic adviser Kevin Hassett said Thursday that “it’s not going to be just Apple” that faces revenue shortfalls as a result of the trade tensions initiated by President Donald Trump between the United States and China. “It’s not going to be just Apple,” Hassett, the chairman of the Council of Economic Advisers, said. “I think that there are a heck of a lot of U.S. companies that have a lot of sales in China that are basically going to be watching their earnings be downgraded nex...
Tags: Apple, News, White House, China, United States, Tim Cook, Donald Trump, Trump, Bloomberg News, Greater China, Council of Economic Advisers, Hassett, Matt Shuham, Kevin Hassett


Alphabet leapfrogs Apple as third biggest company as iPhone maker in meltdown

Apple's shock profit warning has dragged it further down the list of the most valuable companies, as Alphabet became the third company to leapfrog the iPhone maker in less than two months. Shares in Apple plunged by almost 10pc after markets opened in New York, putting its valuation at around $675bn (£536bn). It is now worth less than Microsoft, which has a market capitalisation at around $755bn, Amazon, worth $738bn, and Alphabet, $717bn. It is the latest signal of the change of fortunes fo...
Tags: Apple, Amazon, New York, News, Microsoft, China, US, Hermès, Lvmh, Alphabet, Greater China, Tim Cook Apple, 755bn Amazon


Apple just sounded the alarm on a slowdown in China. Staying away from these 20 stocks could help you avoid the pain, Goldman Sachs says

Apple just lowered its first-quarter revenue guidance and blamed its sales slump at least partially on a slowdown in China Shares were down more than 9% Thursday. The tech giant's warning indicated that companies with heavy exposure to China are facing headwinds .  Goldman Sachs filtered 20 stocks that get the biggest percentage of their revenue from China. Apple shares were under pressure Thursday after the tech giant lowered its first-quarter revenue guidance and blamed slumping iPhone ...
Tags: Apple, China, US, Trends, Tim Cook, Goldman Sachs, Huawei, Goldman, Aapl, Avery Dennison, Greater China, SunTrust Robinson Humphrey, China Apple, Healthcare Market, William Stein, Agilent Technologies Ticker


Apple plunges $57 billion in premarket trading, dragging global stocks after shock sales warning (AAPL)

Apple was plunging 7.7% in premarket trading, or about $57 billion in market value, on Thursday after warning that sales in China were slowing. Global stocks slid after a shock revenue-guidance downgrade from Apple and troubling comments about the economic impact of the US-China trade war from CEO Tim Cook. During the European morning, tech stocks slumped while Chinese indexes fell. US futures were also pointing to a horrible day stateside, with the Nasdaq set to drop 1.8%. After a roller-coa...
Tags: Apple, Google, Amazon, Facebook, Asia, Japan, New York, Cook, London, China, Germany, Global, US, Trends, Netflix, United States


Apple just issued a warning on iPhone sales, but Google Trends saw problems years ago (AAPL)

Apple just slashed its quarterly revenue guidance amid slowing iPhone sales in China and a variety of other issues. Analysts had recently warned on an impending slowdown in the iPhone market, due in part to slowing economic growth in China. Google Trends data shows interest began waning years ago in both China and in the US. Watch Apple trade live. Apple, in a rare move on Wednesday, issued a warning on its quarterly revenue guidance amid slowing iPhone sales in China and a litany of other i...
Tags: Apple, Google, Hong Kong, China, US, Trends, Tim Cook, Ubs, Google Trends, Blackrock, Aapl, Greater China, Arcuri, Timothy Arcuri, Nicholas Colas, China Google Trends


Apple plunges $64 billion, dragging global stocks after shock sales warning (AAPL)

Apple was plunging 8.5% in the first minutes of trading on Thursday after warning that sales in China were slowing. That fall equates to a drop in market capitalization of around $64 billion. Global stocks slid after a shock revenue-guidance downgrade from Apple and troubling comments about the economic impact of the US-China trade war from CEO Tim Cook. Major US indexes lost ground, with the Nasdaq down 1.3%, the Dow Jones off 1.2%, and the S&P 500 losing 0.9%. After a roller-coaster day of ...
Tags: Apple, Asia, Japan, Cook, China, Germany, US, Trends, United States, Tim Cook, Cnbc, Shenzhen, Blackrock, Aapl, Greater China, US China


Apple sounds the alarm on a slowdown in China

Apple lowered its first-quarter guidance Wednesday and cited slowing growth in China in an unexpected update to investors. That follows economic data pointing to a slowdown in the country. Watch Apple trade in real time here. China's economy is losing steam. In a letter lowering Apple's revenue forecast Wednesday, chief executive Tim Cook partly blamed weak sales in the second largest economy and said the company hadn't anticipated the degree of deceleration taking place.  “While we a...
Tags: Apple, Cook, Washington, China, US, Trends, Beijing, United States, Tim Cook, John Higgins, Blackrock, Capital Economics, Greater China