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☆ Are iPhone sales growing or shrinking in China? That depends on which data points you look at, says an analyst.
▼ + stars: | 2024-05-06 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Tim Cook said iPhone sales grew in China, despite external research showing a decline. China accounted for 18% of Apple's sales, making it a critical market for the tech giant. However, over the last quarter, independent analysts have reported a slump in overall iPhone sales in China. iPhone sales in China are a closely watched metric because greater China accounted for 18% of Apple's sales across products in the first quarter, according to the earnings results. Related storiesCook's limited remarks on China's iPhone sales raised questions on Friday's call from analysts who compared Apple's data with independent reports.

Persons: Tim Cook, —, Cook, Max, Wells, Aaron Rakers, Will Wong, Wong Organizations: Apple, Service, Counterpoint Research, International Data Corporation, IDC, Bloomberg Locations: China, Hong Kong, Taiwan

☆ 3 smartphone makers that Apple should be worried about
▼ + stars: | 2024-04-16 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +1 min

Apple's share of the global smartphone market shrank nearly 10% in the first quarter of 2024, IDC reported. Here are three of Apple's biggest competitors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . So who are Apple's biggest rivals and the rising threats trying to eat its lunch? That means Samsung has overtaken Apple in global smartphone shipments.

Persons: — Organizations: IDC, Service, International Data Corporation, Samsung, Apple, Business

☆ Apple believes that AI is the future
▼ + stars: | 2024-04-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Apple wanted all eyes to be on the Vision Pro when it launched. A report about AI chips coming to next-gen Macs helped boost Apple's stock by $112 billion. AdvertisementTwo months ago, Tim Cook was busy marking Apple's bold new vision of the future with the launch of expensive nerd goggles. Second, the future of the Vision Pro remains highly uncertain. Just don't expect the Vision Pro to steal the show in the same way a big AI reveal would.

Persons: —, Tim Cook, Bloomberg's Mark Gurman, Apple, Peter Kafka Organizations: Apple, Service, International Data Corporation, Publishing, Getty, Huawei, Apple's, Vision Locations: Cupertino, Shanghai, China

☆ Global iPhone shipments fell 9.6% in the first quarter, another sign of Apple's woes this year
▼ + stars: | 2024-04-15 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Apple's global iPhone shipments dropped by nearly 10% this quarter, a new research report said. Global smartphone shipments rose by 7.8%, as Chinese smartphone makers shipped more. Samsung surpassed Apple's shipments by 10 million units in the first three months of the year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn another blow to Apple, iPhone shipments fell nearly 10% in the first three months of the year, even as global smartphone shipments increased.

Persons: — Organizations: Global, Samsung, Service, Apple, International Data Corporation, Business Locations: South Korea

☆ Apple is no longer No. 1 in smartphones. Here's why that may not matter
▼ + stars: | 2024-04-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

New data showing a sharp decline in iPhone shipments due to weakness in China is unwelcome news for investors in Apple. Sluggish iPhone sales this year have been well documented, and they're the reason Apple shares have fallen roughly 9% in 2024. First-quarter numbers from International Data Corporation (IDC) show the extent of the weakness, with iPhone shipments dropping 9.6% year-over-year to 50.1 million units — its sharpest year-over-year loss out of the top five smartphone brands. That put Samsung back in first place for phone shipments, after Apple held the crown for all of 2023 . AAPL YTD mountain Apple YTD Echoing Jeff's remarks, Jim Cramer has advised members to have patience and "own, don't trade" Apple stock despite these headwinds overseas.

Persons: Jeff Marks, it's, Jim Cramer, Apple, iPhones, that's, Jim, Apple hasn't, Jim Cramer's, Alexi Rosenfeld Organizations: Apple, International Data Corporation, IDC, Samsung, Apple's Worldwide, Nasdaq, Microsoft, Nvidia, JPMorgan, 5G, The, Bloomberg, CNBC, Getty Locations: China, New York City

☆ Apple iPhone first-quarter shipments sink as Chinese challengers rise; Samsung regains top spot
▼ + stars: | 2024-04-15 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Apple shipped 50.1 million units In the first quarter, down 9.6% from the 55.4 million shipments in the same period a year earlier, according to the IDC report. Among the top five smartphone brands in the report, Apple recorded the sharpest decline year on year. Its market share was 22.5% in the first quarter of 2023. Apple, which surpassed Samsung as the largest smartphone maker in 2023, saw its market share drop to 17.3% from 20.7% a year earlier. Xiaomi's shipments rose 33.8% to 40.8 million units in the first quarter, while Transsion saw an 84.9% jump to 28.5 million units.

Persons: Patrick T, Fallon, PATRICK T, FALLON, Xiaomi, Apple, Ryan Reith, Transsion Organizations: Apple, Grove Apple, Getty, International Data Corporation, IDC, Samsung, Huawei, IDC Worldwide Mobility Locations: Los Angeles , California, AFP, China, Xiaomi

☆ Apple CEO Tim Cook visits Vietnam — one of the iPhone giant's most important manufacturing hubs
▼ + stars: | 2024-04-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Cook will meet with Apple users, developers and content creators during the two-day visit, local media reported. In December, the Nikkei reported Apple was moving some of its key iPad engineering resources to Vietnam. Apple CEO Tim Cook (C) walks near Hoan Kiem lake in downtown Hanoi during his visit to Vietnam on April 15, 2024. India has also emerged as a key hub for iPhone manufacturing. Cook's visit to Vietnam comes after 61 environmental and human rights groups called on Apple to oppose the country's detention of climate activists.

Persons: Tim Cook, Cook, Bryan Ma Organizations: Apple, International Data Corporation, IDC, Samsung, Nikkei, Apple Watch, Getty, CNBC, Bloomberg Locations: Hanoi, Vietnam, U.S, China, Cupertino, Hoan, Giang Huy, Afp, India, iPhones

☆ How to drive bias out of AI without making mistakes of Google Gemini
▼ + stars: | 2024-03-27 | by ( Bob Violino | ) www.cnbc.com time to read: +3 min

In this photo illustration, a Gemini logo is seen displayed on a smartphone with a Google logo in the background. "However, depending on the data that Gen AI is trained on, the model learns and reflects that in its outputs," he said. Crucial to managing issues of potential bias in AI is to have clear processes in place and prioritize responsible AI from the beginning, said Joe Atkinson, chief products and technology officer at consulting firm PwC. "For example, a healthcare chatbot powered by generative AI can provide explanations for its diagnoses and treatment recommendations, helping patients understand the underlying factors and mitigating potential biases in medical advice." Diversity in AI development teams, dataCompanies also need to create diverse and inclusive development teams.

Persons: Siva Ganesan, Joe Atkinson, Atkinson, Ritu Jyoti, Jyoti, Ganesan Organizations: Google, Cloud, Tata Consultancy Services, International Data Corp

☆ Apple has been 'disturbingly quiet' about AI and smartphones, IDC says
▼ + stars: | 2024-03-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple has been 'disturbingly quiet' about AI and smartphones, IDC saysBryan Ma of the International Data Corporation discusses the competition over artificial intelligence in the smartphone market.

Persons: Bryan Ma Organizations: Apple, IDC, International Data Corporation

☆ How 3 stocks are navigating the economic tug-of-war between the U.S. and China
▼ + stars: | 2024-02-21 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Just consider three core holdings in the portfolio: Apple , Starbucks , and Nvidia . Nvidia generates 21% of its overall revenue from Mainland China, while Apple gets 19%, and Starbucks 9%. Xiamen-based Luckin Coffee, for example, overtook Starbucks in market share in China during 2023, with double the retail locations there. However, Nvidia still dominates the AI chip market in China, and it's difficult to see its rivals catching up anytime soon. The company has twice re-engineered chips for the Chinese market to comply with U.S. rules.

Persons: Joe Biden's, Xi Jinping, Oppo, Jefferies, Tim Cook, Laxman Narasimhan, Tencent, Jim Cramer's, Jim Cramer, Jim Organizations: U.S, Apple, Nvidia, Starbucks, Competition, Huawei, International Data Corporation, IDC, CNBC, Luckin, China, Management, Tech Locations: China, Beijing, Washington, U.S, Mainland China, People's Republic, India, Xiamen

☆ AMD bets on AI-powered PCs as artificial intelligence race with Nvidia, Intel heats up
▼ + stars: | 2024-02-02 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

SHANGHAI, CHINA - JULY 28, 2023 - Photo taken on July 28, 2023 shows the AMD logo at the 2023 ChinaJoy in Shanghai, China. U.S. chip giant Advanced Micro Devices is betting on AI PCs to take on rivals including Nvidia and Intel as the AI race heats up. "[The market for] AI PCs is going to continue to expand," said Victor Peng, president of AMD, in an exclusive interview with CNBC on Thursday. He added that the firm expects more adoption of AI PCs in the second half of the year. IDC expects the integration of AI capabilities into PCs to serve as a catalyst for upgrades, hitting shelves this year.

Persons: Victor Peng, Enrique Lores Organizations: Nvidia, Intel, AMD, CNBC, ChatGPT, HP, International Data Corporation, IDC Locations: SHANGHAI, CHINA, Shanghai, China . U.S

☆ Samsung Electronics' operating profit falls 34.57% in the fourth quarter, in line with guidance
▼ + stars: | 2024-01-31 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki | Nurphoto | Getty ImagesSamsung Electronics on Wednesday posted a 34.57% drop in operating profit in the fourth quarter from a year ago, in line with its guidance issued earlier this month. Here are Samsung's fourth-quarter results versus estimates: Revenue: 67.78 trillion Korean won (about $51 billion), vs. 69.27 trillion Korean won expected by LSEG analysts67.78 trillion Korean won (about $51 billion), vs. 69.27 trillion Korean won expected by LSEG analysts Operating profit: 2.82 trillion Korean won, vs. 3.43 trillion Korean won expected by LSEG analysts Samsung's revenue for the quarter ending December fell 3.8% from a year ago, while operating profit dropped 34.57% in the same period. In its earnings guidance earlier this month, Samsung said it expected operating profit for the October-December quarter to be 2.8 trillion South Korean won ($2.13 billion), down 35% from the same period a year ago when the firm reported an operating profit of 4.31 trillion won. Daiwa Capital Markets in a Jan. 9 report said Samsung's revenue and operating profit estimates were "lower than our market estimates." "We aim to establish Samsung as the leading brand in the AI smartphone market," said Samsung.

Persons: Jakub Porzycki, SK Kim, Apple, Bryan Ma, Ma Organizations: Samsung, Getty, Nurphoto, Samsung Electronics, Korean, South Korean, Daiwa, SK, Apple, International Data Corporation, IDC Locations: Krakow, Poland

☆ The smartphone market has shifted toward the premium, market research firm says
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe smartphone market has shifted toward the premium, market research firm saysBryan Ma, International Data Corporation's vice president of devices research, discusses Samsung's earnings and how the company fares against competitors such as Apple.

Persons: Bryan Ma Organizations: Apple

☆ How the Apple iPhone became one of the best-selling products of all time
▼ + stars: | 2024-01-27 | by ( Sydney Boyo | ) www.cnbc.com time to read: +3 min

Apple has sold over 2.3 billion units of the iPhone and has over 1.5 billion active users, according to research from Demand Sage. Apple sold 1.4 million iPhones in 2007 with 80% of the sales coming in Q4. The company hit a major milestone — more than 50 million units sold — in 2011, with the help of the iPhone 4s. By 2015, Apple was selling over 200 million iPhone units yearly. I can't imagine a scenario where Samsung can build a suite of products that is going to disrupt the Apple ecosystem."

Persons: Steve Jobs, Asset's Gene Munster, Uber, Museum's Marc Weber, Apple Organizations: Apple, Demand, Nokia, Asset's, U.S, Samsung, International Data Corp, Android, Microsoft, Google Locations: Munster

☆ Apple's iPhone is the bestselling smartphone in China despite stiff competition from local competitor Huawei
▼ + stars: | 2024-01-25 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Apple's iPhone was the bestselling smartphone in China for the first time last year. Apple had a record market share of 17.3% in 2023, International Data Corporation figures showed. Local competitor Huawei trailed behind Apple's 20% market share in Q4 with 13.9% of the market share in the year's final quarter, per the data. Huawei previously outpaced Apple's iPhone 15 with its Mate 60 Pro smartphone, released just weeks before Apple's new model, Jefferies analysts said. Preliminary data from the IDC Worldwide Quarterly Mobile Phone Tracker showed that China smartphone shipments totaled 271.3 million units in 2023, a decline of 5.0% from 2022.

Persons: —, Tim Cook, Arthur Guo, Apple Organizations: Apple, International Data Corporation, Huawei, Service, Local, Apple's, Jefferies, IDC China, IDC, Business Locations: China

☆ Apple takes top spot in China's smartphone market for the first time as Huawei returns to the top 5
▼ + stars: | 2024-01-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Apple's overall smartphone shipments fell 2.2% year-on-year in 2023, while the overall market fell 5%, IDC said. China's smartphone market has been hit because of an uncertain economic environment in the country and weak consumer spending. In 2023, Honor, a spin-off from Chinese company Huawei, held the second spot with 16.8% market share, followed by Vivo, Huawei and then Oppo. Another market research firm called Counterpoint Research also came out with China numbers on Thursday. Counterpoint said it expects the China market to record low single-digit year-on-year growth in 2024, the first year of growth since 2018.

Persons: Tim Cook, Justin Sullivan, Arthur Guo, Apple Organizations: Getty, Apple, International Data Corporation, IDC, Huawei, IDC China, Vivo, Research Locations: Cupertino , California, China

☆ iPhone grabs top share in China and analyst negativity abates. What's going right at Apple
▼ + stars: | 2024-01-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

After a rough early start to 2024 and lots of analyst negativity, Apple has turned the corner. The iPhone captured a firm-record 17.3% market share in China last year, according to the International Data Corporation's quarterly phone tracker report . 1 spot in China, Apple made the rare move of offering limited-time iPhone 15 discounts there during this month. Last week, IDC crowned Apple as the biggest smartphone maker in the world , dethroning Samsung for the first time ever. And, just about two weeks ago, we reported that the Street hadn't been this cautious on Apple stock in years.

Persons: Apple, Arthur Guo, Piper Sandler, Apple's, Goldman Sachs, we're, Jim Cramer, Tim Cook, Apple —, Jim, that's, Preorders, Jim Cramer's, Berke Bayur Organizations: Huawei, Vivo, Apple, IDC, Samsung, Barclays, Redburn, Club, Microsoft, Bank of America, Big Tech, CNBC, U.S, Getty Images, Anadolu, Getty Locations: China, India, Indonesia, Brazil, ANKARA, TURKIYE, Ankara, Turkiye, Anadolu

☆ Apple overtakes Samsung as top seller of smartphones
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: +1 min

The new Apple iPhone 15 on display inside the tech giant's flagship store in Regent Street, central London. A slower-than-expected recovery in China, the world's largest smartphone market, also weighed on overall phone sales. Apple and Transsion were the only brands in the top five to record growth in shipments last year, when the market declined 3.2% to 1.17 billion units and hit a decade low. Apple, however, is facing pressure in China from a resurgent Huawei as well as from budget Chinese brands. The iPhone-maker is offering rare discounts of as much as 5% on some models in the country to attract customers.

Persons: Jonathan Brady, Apple, China's Xiaomi Organizations: Apple, Samsung Electronics, International Data Corp, Samsung, IDC's, Huawei Locations: Regent Street, London, China

☆ Apple flexes its new No. 1 smartphone maker status and makes a rare move in China
▼ + stars: | 2024-01-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Apple became the world's largest smartphone maker in 2023 for the first time ever. Despite a rough start to 2024, we think the company can build on this momentum in the U.S. and China. Apple's frontrunner status was confirmed in separate industry research reports from International Data Corporation (IDC) on Monday and Canalys on Tuesday. To be sure, Apple's iPhone is facing intensified competition in China as domestic players like Huawei and Xiaomi have started offering high-end alternatives. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Apple, Canalys, Nabila Popal, Will Apple, Jim Cramer's, Jim Cramer, Jim, Eduardo Munoz Organizations: Samsung, International Data Corporation, IDC, IDC's, Huawei, Apple, Big Tech, Microsoft, Xiaomi, Apple Watch, CNBC Locations: U.S, China, India, New York

☆ Apple steals the smartphone crown from Samsung, ending a 12-year run
▼ + stars: | 2024-01-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple was the top dog in the global smartphone market for 2023, according to IDC shipments data. It's the first time a company has overtaken Samsung in worldwide smartphone shipments since 2010. Apple closed out 2023 with record-high smartphone market share despite the overall market for phones decreasing. Apple is the "biggest winner" of the year in the smartphone race, IDC research director Nabila Popal said. Overall, the smartphone market declined 3.2% year-over-year — a decade low, according to the IDC.

Persons: Apple, —, Tim Cook, Nabila Popal, Popal, Cook, Barclay Organizations: IDC, Samsung, Apple, Service, International Data Corporation, Huawei Locations: China

☆ Akamai sees Q4 profit above estimates on strong demand for cybersecurity services
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Akamai Technologies (AKAM.O) forecast fourth-quarter adjusted profit above Wall Street estimates on Tuesday, helped by strong demand for its cloud security services as rapid digitalization raises the risk of high-profile hacks. Spending on cybersecurity services have stayed resilient amid growing cyber crimes and privacy concerns even as companies tightened the budgets for other IT services. Cambridge, Massachusetts-based Akamai expects fourth-quarter adjusted profit at about $1.57 per share, compared with analysts average estimate of $1.54 per share, according to LSEG data. The company reported revenue of $965 million and adjusted profit of $1.63 per share for the quarter ended Sept. 30. Analysts expected revenue at $943.32 million and adjusted profit at $1.50 per share.

Persons: Akamai, Tanya Jain, Shilpi Majumdar Organizations: Akamai Technologies, Wall, Data Corporation . Cambridge, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson Locations: Data Corporation . Cambridge , Massachusetts, Bengaluru

☆ Chinese augmented reality firm Xreal launches next-gen glasses in challenge to Meta and Apple
▼ + stars: | 2023-10-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Xreal glasses allow users to have large-screen experiences of apps, such as streaming services or gaming. The Xreal Air 2 starts at $399 while the Pro versions starts at $449. The company said it has managed to use smaller displays inside the device, resulting in AR glasses that are 10% lighter than the previous generation. Jin said that Meta is meanwhile trying to bring its social network to virtual reality, which "has proven to be extremely challenging." The Xreal Air 2 glasses start at $399 and will be launched in the U.S., U.K. and selected European markets.

Persons: Xreal, Peng Jin, Mark Zuckerberg, Jin, Meta, Meta's, it's Organizations: Xreal, Tuesday, Apple, CNBC, Tech, International Data Corporation, IDC, Apple Vision, Facebook, Meta Locations: U.S, Europe

Google on Wednesday unveiled a next-generation Pixel smartphones lineup that will be infused with more artificial intelligence tools capable of writing captions about photos that can also be altered by the technology. As has become common across the industry, most of the other technology in the Pixel 8 and Pixel 8 Pro phones unveiled Wednesday will be similar to what has already been available in last year’s models. One of the main selling points of the new phones will be improved cameras, including more AI-empowered editing tools that will mostly be available on the Pixel 8 Pro. That will result in the Pixel 8 selling for $700 and the Pixel 8 Pro for $1,000 when they go on sale in stores next week. Despite generally getting positive reviews, the Pixel phones have barely made a dent in a market dominated by Samsung and Apple since Google began making the devices seven years ago.

Persons: ” Rick Osterloh, Google’s, Osterloh, ”, Bard, Apple Organizations: Google, Huawei, Samsung, Apple, International Data Corp, U.S . Justice Department Locations: New York, U.S, Washington

☆ Huawei could add 10 million units' worth of headwinds to Apple in China, IDC says
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuawei could add 10 million units' worth of headwinds to Apple in China, IDC saysBryan Ma of the International Data Corporation discusses Huawei's launch of its secretive new smartphone.

Persons: Bryan Ma Organizations: Huawei, IDC, International Data Corporation Locations: Apple, China

☆ Buy this computer technology stock with more than 30% upside to play AI, Barclays says
▼ + stars: | 2023-09-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Supermicro could be set to take advantage of artificial intelligence hype, according to Barclays. The firm initiated coverage of the information technology company on Tuesday with an overweight rating and a $327 per share price target. Analyst George Wang noted that Supermicro is in an advantageous position when it comes to the emerging artificial intelligence opportunity. The analyst noted that AI inferencing, which is the process of a trained neural network model making predictions, already made up 52% of the company's second-quarter revenue. "We model SMCI's revenue growth at 17% in FY25 after 46% growth in FY24, consistent with IDC's [International Data Corporation] forecast of a 17% CAGR [compounded annual growth rate] in 2021-2026E for AI server revenue growth," Wang said.

Persons: George Wang, Wang, — CNBC's Michael Bloom Organizations: Barclays, Computer, International Data Corporation

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