Posts filtered by tags: Greater China[x]


A one-two punch of slowing iPhone sales and rising trade tensions is going to batter Apple in the near-term, but things should be ok in the long run, analyst says (AAPL)

Apple faces near-term headwinds from slowing iPhone sales and renewed trade tensions, according to a new survey from UBS. The company may also face a backlash from the Trump administration's recent moves to ban US tech companies from supplying Huawei. The longer-term prospects for the tech company appear stronger with an array of new segments to potentially enter, including 5G, video streaming. and healthcare. Watch Apple trade live. Apple's growth prospects will continue to suffer from slow...
Tags: Apple, UK, China, US, Trends, Ubs, Goldman Sachs, Huawei, Aapl, Trump, Greater China, US Department of Commerce, Tim Arcuri, Arcuri

Huawei is reportedly ramping up its app store efforts in what could be another sign it was prepared for a breakup with Google’s Android

Huawei is ramping up its efforts to expand its app store in Europe, according to a new report. The company has reportedly been holding discussions with carriers in Europe and has been pitching developers on optimizing their apps for its platform. Huawei's app store will be especially important for the Chinese tech giant as its upcoming devices will not have access to Google's Play Store after August 19. The company has developed its own mobile operating system to replace Android, and its eff...
Tags: Google, Facebook, Mark Zuckerberg, Europe, Instagram, China, Africa, US, Trends, Bloomberg, Middle East, Huawei, Greater China, Google Huawei, App Gallery, Bloomberg News Huawei

Ascendent Capital targets $800 mln for third fund

Ascendent Capital Partners is seeking to raise $800 million for its third fund, according to an SEC filing. The private equity firm is focused on Greater China-related investment opportunities.
Tags: Trends, SEC, Funds, Greater China, Ascendent Capital Partners

Apple's 'iPhone likely bottomed': Here's what Wall Street is saying about the tech giant's Q1 results. (AAPL)

Wall Street analysts covering Apple were broadly positive following the company's first-quarter results. The company's shares gained 5% early Wednesday. Watch Apple trade live. Apple's first-quarter earnings beat drove strongly positive reactions by both investors and Wall Street analyst. The company's stabilization in iPhone sales provided clarity after a rare revenue warning in January. The company's shares spiked 5% in early Wednesday trading. Revenues were driven by increased growth...
Tags: Apple, Wall Street, China, US, Trends, Credit Suisse, App Store, Morgan Stanley, Qualcomm, Greater China, Huberty, Uerkwitz, Katy Huberty, Cabral, Andrew Uerkwitz, Matthew Cabral

Apple reports $11.56 billion profit on $58 billion revenue in FY Q2 2019, iPhone revenue down 17% YoY

Apple has reported quarterly revenue of $58 billion, down 5% over last year with a net profit of $11.6 billion, down 15.94% YoY and earnings per diluted share of $2.46 for the financial year Q2 2019 that ended March 30, 2019. During earnings call Tim Cook said "For iPhone, while our worldwide revenue was down 17% from a year ago, declines were significantly smaller in the final weeks of the March quarter." 31.1 billion iPhone revenue, down 17% YoY.  Year-over-year performance improved relat...
Tags: Apple, Japan, News, Mac, Americas, Blogging, Tim Cook, Korea, Greater China, Apple Q2 2019, Apple Q2 2019 revenue, Apple Q2 2019 revenue profit

Apple will lift the curtain on its latest quarter on Tuesday. Here are all the concerns that could shake investors. (AAPL)

Apple is scheduled to report its fiscal second-quarter results on Tuesday afternoon. Analysts are essentially split between bullish and neutral ahead of the report, with big questions lingering over iPhones sales and what kind of growth its new services could bring. Shares are still 12% below their all-time high after staging a 45% rally since their December low. Watch Apple trade live. Apple analysts have no shortage of questions and concerns ahead of the tech giant's highly anticipated fis...
Tags: Apple, China, Trends, Bloomberg, Ubs, Morgan Stanley, Qualcomm, Aapl, Greater China, Bank of America Merrill Lynch, Bloomberg Apple, Katy Huberty, KeyBanc Capital Markets, Timothy Arcuri, Matthew Cabral, Wamsi Mohan

China’s Streaming Giants Seek South East Asia Expansion

Chinese video streaming giant iQIYI is looking to expand its service across 10 countries within South East Asia. The move would be the NASDAQ-listed company’s first venture beyond Greater China. The move was disclosed on Wednesday by Yang Xianghua, president of membership & overseas business group, iQIYI, as part of a presentation at the APOS […]
Tags: Asia, News, China, Global, Thailand, iQiyi, Vietnam, Tencent Video, Nasdaq, South East Asia, Greater China, Yang Xianghua

PageGroup's quarterly profit grows on strong business in Britain, Germany

Recruitment firm PageGroup Plc on Wednesday posted higher first-quarter gross profit, as robust business in Britain and Germany offset slowness in Greater China and France.
Tags: Money, Germany, businessNews, Britain, Greater China, Britain Germany, PageGroup Plc

IHG® Celebrates 400 Open Hotels In Greater China

InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, has today announced that it has reached 400 open hotels in Greater China, as it continues to expand at pace in its fastest growing region.
Tags: Travel, Ihg, InterContinental Hotels Group IHG, Greater China

Apple just slashed iPhone prices in China for the first time this year (AAPL)

Apple has slashed the prices of various iPhone models in China by between 300 and 500 yuan (roughly between $44 and $75). The move comes as Apple has grappled with falling iPhone revenue and cited economic factors in China as a contributing factor to the reduced revenue guidance it issued for its fiscal first quarter of 2019. Apple is also facing increased competition from Chinese smartphone makers like Huawei and Oppo in the region. Apple has lowered the prices of various iPhone models in Ch...
Tags: Apple, Cook, China, Trends, Tim Cook, Huawei, Cnbc, Vivo, Greater China, Watch Google

Apple just slashed iPhone prices in China as it continues to grapple with falling smartphone sales (AAPL)

Apple has slashed the prices of various iPhone models in China by 300 to 500 yuan (roughly $44 to $75). Apple has grappled with falling iPhone revenue, citing economic factors in China as contributing to the reduced revenue guidance it issued for its fiscal first quarter of 2019. Apple is also facing increased competition from Chinese smartphone makers like Huawei and Oppo in the region. Apple has lowered the prices of various iPhone models in China, according to reports from the Chinese news...
Tags: Apple, Cook, China, Trends, Tim Cook, Huawei, Cnbc, Vivo, Greater China

Apple's Tim Cook urges China to continue to open up its economy

Apple chief executive Tim Cook on Saturday urged China to keep opening up its economy as local rivals bit into the profits of the US tech giant caught in the crosshairs of a trade spat between Beijing and Washington. "We have seen China continue to change and evolve... We encourage China to continue to open up," he said during a speech at the annual China Development Forum in Beijing on Saturday. Apple in January revealed that it took a hit in the "Greater China" region, where revenue plunged ...
Tags: Apple, News, Washington, China, US, Beijing, Tim Cook, Greater China, China Development Forum

Apple just blew past Microsoft to become the world's most-valuable public company (AAPL, MSFT)

Apple has surpassed Microsoft to reclaim its title as the world's most-valuable public company with a market cap of $916 billion. Its shares have risen in anticipation of the company releasing a Netflix-style video-streaming service. Watch Apple and Microsoft trade live. Apple has breezed past Microsoft to reclaim its title as the world's most-valuable public company. Shares of the consumer-electronics titan rallied close to 4% Thursday, giving Apple a market cap of about $916 billion — surp...
Tags: Apple, Europe, Japan, Microsoft, Trends, Linkedin, Netflix, Greater China, Watch Apple, AAPL MSFT, AirPods

FilMart: Chow Yun-fat Stars in ‘Be Water, My Friend’ for Distribution Workshop

Hong Kong- and Taiwan-based group Just Creative will use this week’s FilMart to launch “Be Water, My Friend,” one of the year’s biggest movies from Greater China. The drama is currently in production with Chow Yun-fat in the lead role as a pathological gambler who finds a way to communicate with his autistic son. The […]
Tags: Asia, Hong Kong, News, Global, Taiwan, Production, Markets & Festivals, Filmart, Greater China, Chow Yun, Chow Yun-fat, Be Water My Friend

SAP taps Epstein as private equity global head

Tech company SAP has named Sean Epstein as its global head of private equity. Previously, Epstein led SAP’s private equity team in EMEA and Greater China as well as the global private equity M&A program. He joined SAP in 2007. PRESS RELEASE Sean Epstein has been appointed to the role of Global Head of SAP Private Equity, responsible for all Private Equity and M&A programs. The SAP Private Equity team is considered the industry-leading benchmark for how technology companies create top-down, one-t...
Tags: Trends, People, Private Equity, Ai, Sap, Sean, EMEA, Hana, Greater China, Arlington Virginia, Epstein, PE, Columbia Business School, Corporate Executive Board, Value Engineering, Sean Epstein

Apple is offering interest-free financing to boost iPhone sales in China

Apple is looking to get over its sales woes in China but offering prospective customers interest-free financing with a little help from Alibaba. Apple’s China website now offers financing packages for iPhones that include zero percent interest packages provided in association with several banks and Huabei, a consumer credit company operated by Alibaba’s Ant Financial unit, as first noted by Reuters. The Reuters report further explains the packages on offer: On its China website, Apple is prom...
Tags: Iphone, Apple, Ios, Android, Asia, Finance, China, India, Tech, Mobile Phones, Alibaba, Xiaomi, The Wall Street Journal, Alibaba Group, Ant Financial, Apple Store

Global smartphone growth stalled in Q4, up just 1.2% for the full year: Gartner

Gartner’s smartphone marketshare data for the just gone holiday quarter highlights the challenge for device makers going into the world’s biggest mobile trade show which kicks off in Barcelona next week: The analyst’s data shows global smartphone sales stalled in Q4 2018, with growth of just 0.1 per cent over 2017’s holiday quarter, and 408.4 million units shipped. tl;dr: high end handset buyers decided not to bother upgrading their shiny slabs of touch-sensitive glass. Gartner says Apple ...
Tags: Travel, Iphone, Apple, Ios, Android, Gadgets, Mobile, Asia, Europe, China, Samsung, Barcelona, Smartphone, Smartphones, Asia Pacific, Middle East

These four charts show why Apple's China troubles aren't going away anytime soon (AAPL)

Apple's problems in China are likely to linger, HSBC's Erwan Rambourg said in a new research note. Wealthy Chinese are starting to shift their brand preferences to Huawei from Apple, Rambourg said, citing a proprietary survey. They also don't want to spend what Apple charges for its latest phones, according to the survey. And many want their next phone to support 5G, but Apple isn't expected to offer an iPhone compatible with the new wireless standard until late next year. Don't expect Apple'...
Tags: Apple, Hong Kong, China, Trends, United States, Hsbc, Xiaomi, Huawei, Aapl, Greater China, Angela Ahrendts, HSBC Global Research, Erwan Rambourg, Rambourg, Greater China China Taiwan, Huawei Rambourg

HSBC keeps pounding the table on Apple's slowdown in China (AAPL)

Apple's slowdown in China won't abate anytime soon, HSBC told clients this week. The firm's analysts turned "neutral" on the stock in early December — long after many on Wall Street grew cautious, but prior to Apple's iPhone warning in January. The bank's latest survey of wealthy Chinese consumers reflected a shift away from Apple. Watch Apple trade live. Analysts at HSBC just issued their latest warning on Apple, with weakness in China and changing consumer behavior in the region at the hea...
Tags: Apple, Europe, China, US, Samsung, Trends, Hsbc, Goldman Sachs, Huawei, Greater China, Apple Watch Apple, China Apple, Erwan Rambourg, Rambourg

Apple and Micron are throwing off growth this earnings season, Goldman Sachs says (AAPL, MU)

Apple and Micron's results are having an outsized impact on earnings growth this season, according to a report from Goldman Sachs. The companies represent the largest drags on S&P 500's earnings-per-share growth this year, the firm's equity strategists said. Watch Apple and Micron trade live and follow along with our earnings calendar here. The S&P 500 may have seen robust growth this earnings season if a couple of stand-out names hadn't skewed the big picture. That's what Goldman Sachs str...
Tags: Apple, Amazon, Trends, Goldman Sachs, Goldman, Micron, Aapl, Trump, Roger Stone, Greater China, David Kostin, Watch Apple

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 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

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

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