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Search resuls for: "Chi Xu"


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Read previewEarlier this month, Chinese startup XReal unveiled the Air 2 Ultra, the company's latest augmented reality glasses that blend a virtual world with the user's physical surroundings. The startup says they'll be an "affordable alternative" to rivals like the Apple Vision Pro. Unlike Apple's Vision Pro, Xu says XReal has no intentions to build a fully immersive virtual reality feature into its glasses. Yet, when it comes to its AR capabilities, Xu says his company's is half a decade ahead of Apple's. "I think we're three to five years ahead of them in AR," Chi said in regards to Apple.
Persons: , Chi Xu, XReal, Xu didn't, Xu, Chi Organizations: Service, Business, pricier, XReal's, Apple Vision, Air, Meta, Bloomberg, Amazon, Apple, Apple's, IDC Locations: Apple's
Dec 2 (Reuters) - Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its economy will benefit from stimulus measures and the easing of COVID-19 restrictions. Analysts raised forward 12-month earnings of companies on the MSCI China index (.dMICN00000PUS) by 2% in November, data from IBES estimates showed. They had earlier cut the forward 12-month earnings by 15% between January and October this year on concerns over slowing growth. We forecast earnings growth of 15%-20% for MSCI China, which would be underpinned by lower commodity prices, improved economic growth and lower asset write-downs," said James Wong, strategist at UBS. Breakdown by country for Asian companies' earnings growth in 2023China's COVID-19 cases remain near record highs.
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