Apple Gains Ground in China as iPhone Demand Jumps 20%
iPhone shipments rise 20% as rivals struggle with pricing pressure
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(Bloomberg) -- Wall Street is souring on Nike Inc. as concerns over its ability to revamp its business have driven the stock to levels not seen in more than a decade.Shares touched their lowest since 2014 to begin the week after HSBC’s Akshay Gupta cut his rating on the shoemaker to hold, saying the thesis around the company’s turnaround has become a “show me story.” That sentiment was quickly echoed by UBS analyst Jay Sole who said there are few catalysts to justify buying Nike shares even at c
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Apple Inc's (NASDAQ:AAPL, XETRA:APC) iPhone shipments in China rose 20% in the first quarter, the strongest growth of any major vendor in the world's largest smartphone market. The result arrived in a quarter when the overall Chinese smartphone market fell 4%, dragged down by supply chain...
Apple's iPhone shipments surged 20% in China in the first quarter, for the strongest growth among major vendors, despite an overall decline as rising prices of memory chips boosted costs, data from Counterpoint Research showed. But telecoms giant Huawei and Apple, the two largest vendors in the market, bucked the trend, reporting growth of 2% and 20% respectively. "As most rivals raise prices, Apple stands out for value, with Chinese consumers knowing its products last at least three years," Ivan Lam, senior analyst at Counterpoint Research.
A number of stocks jumped in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit and forecasted strong future sales, fueled by booming demand for artificial intelligence (AI).
A number of stocks jumped in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit and forecasted strong future sales, fueled by booming demand for artificial intelligence (AI).
A number of stocks jumped in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit and forecasted strong future sales, fueled by booming demand for artificial intelligence (AI).
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 3.7% in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% jump in quarterly profit and forecasted strong future sales, fueled by booming demand for artificial intelligence (AI).
Purchase obligations from hyperscalers and Nvidia have topped $640 billion, more than doubling in the past year and up six times in the past five years.
(Bloomberg) -- Apple Inc.’s marketing executive in charge of the Apple Watch, AirPods, health and smart home initiatives said he’s retiring, marking a changing of the guard for a series of key product lines.Stan Ng, who has worked at Apple for 31 years, said Thursday that he is leaving the company. In his role, he helped devise the original Apple Watch and has overseen the development of subsequent versions of the device along with other notable accessories.His claim to fame at the company was h