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☆ Here's why investors shouldn’t sell on the typical hate-Apple-trade headlines
▼ + stars: | 2023-10-31 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Investors should not jump to offload Apple (AAPL) shares because of a handful of cautious reports ahead of this week's quarterly results. Jim Cramer points out that this has been happening since the first iPhone was released in 2007 and even before that. Even in high-conviction stocks like Apple, we do the homework to constantly test our investment thesis against new developments. "It's a classic negative piece on the company that crystalizes the 'hate Apple trade' that's been going on," Cramer wrote in his Top 10 Things to Watch Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim's, that's, Cramer, there's, Apple, China hasn't, Needham, Jim Cramer's, Jim, Tim Cook, Loren Elliott Organizations: Apple, Wall Street, Google, Justice Department, IDC, Street Journal, U.S, MacBook, CNBC Locations: China, India, Cupertino , California

☆ Chinese consumer stocks that analysts like for their global potential
▼ + stars: | 2023-10-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"We expect Miniso to report another strong quarter in 1QFY24," Jefferies analysts wrote in an Oct. 24 report. Xiaomi shares are up more than 20% so far this year despite a more than 10% slump in the broader Hong Kong stock market. "We believe good shipment momentum and resilient margins could support a strong 3Q23," the Morgan Stanley report said. The analysts have an overweight rating on Xiaomi shares with a 15 Hong Kong dollar price target — up 11% from Friday's close. Shares of Transsion, not covered in the Morgan Stanley report, are up nearly 70% so far this year.

Persons: Miniso, Jefferies, Xiaomi, Morgan Stanley, Canalys, Morgan, Andre Chang, Chang, —, JD.com —, — CNBC's Michael Bloom Organizations: Hong Kong Locations: 1QFY24, China, New York, Hong Kong, Canalys, Friday's, Shanghai, Shenzhen, Africa, India, Morgan China

☆ Huawei's surprise 5G smartphone helped it grow quicker than Apple in China
▼ + stars: | 2023-10-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

CFOTO | Future Publishing | Getty ImagesHuawei was the fastest-growing smartphone maker in China in the third quarter after the company released a smartphone with a surprisingly advanced chip inside. That growth is propelling Huawei to being within touching distance of the top five smartphone makers by market share in China once more. It commanded a 12.9% market share in the quarter, up from 9.1% in the same period last year. Sales of Honor, the largest smartphone maker by market share, rose just 3% year on year. The market research firm did not provide the number of units that were sold per company.

Organizations: Getty, Huawei, Counterpoint Research, Apple, Research, Kirin, 5G Locations: Shanghai, China, Shenzhen

☆ Global smartphone market slumps to lowest Q3 level in decade - Counterpoint
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsOct 16 (Reuters) - The global smartphone market contracted by 8% to its lowest third-quarter level in a decade on subdued demand for major brands including Apple (AAPL.O) and Samsung (005930.KS) in most developed markets, according to data from Counterpoint Research. Market leader Samsung posted a 13% drop in sell-through volumes in the period. It said the festive season in India, the 11.11 sale event in China and end-of-year promotions across regions would also support the market. So far, emerging markets have been a bright spot for smartphone sales in an otherwise dour year. In the third quarter, the Middle East and Africa were the only regions to record year-on-year growth, according to Counterpoint data.

Persons: Shannon Stapleton, Samsung, Akash Sriram, Juby Babu, Aditya Soni, Pooja Desai Organizations: REUTERS, Apple, Samsung, Counterpoint Research, Reuters, HK, Huawei, Thomson Locations: Midtown, New York City, U.S, United States, Europe, Korea, India, China, East, Africa, Bengaluru

☆ China's cutthroat competition hasn't been lost with the slowdown. EV companies fighting to win
▼ + stars: | 2023-09-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

I was in town for an event by Chinese electric car company Nio , which was vying with Huawei's big Connect conference for literal space and attention in a week of tech news. Electric car manufacturers are abuzz In the world of electric cars alone, Baidu -backed startup Jidu launched its car on Tuesday afternoon; Xpeng also unveiled its new G9 electric SUV. Nio, which had just wrapped its fifth car release in four months the prior week, launched a smartphone on Thursday. A competitive spirit, particularly in tech China's cutthroat competition hasn't been lost with the slowdown. While she hasn't had time to give the Nio phone a good look yet, she said she's a regular at the local Nio House, and invites family and friends there.

Persons: Xpeng, Leapmotor, William Li, Li, that's, Meng Wanzhou, JD.com, JD, Peter Alexander, Alexander, Frank Fan, Nio, Angela Cai, Cai, hasn't, she's, — CNBC's Michael Bloom Organizations: Baidu, Wednesday, CNBC, Companies, Huawei, Netflix, Ben Advisors, ., Starbucks, Apple, China, Bank of America Locations: Beijing, Shanghai, Arcfox, U.S, China, China .

☆ Enovix buys Korean battery maker RouteJade in cash and stock deal
▼ + stars: | 2023-09-20 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

Sept 20 (Reuters) - Enovix (ENVX.O), a Silicon Valley firm developing new battery technology for consumer electronics such as mobile phones, said on Wednesday it has acquired Korean battery maker RouteJade in a cash-and-stock deal. Enovix said it paid $16.5 million in cash and 6.2 million shares of common stock for RouteJade, which had previously been a supplier to Enovix. Enovix Chief Executive Raj Talluri told Reuters that the deal will help Fremont, California-based Enovix vertically integrate its battery manufacturing operations as it scales up a factory in Malaysia next year. With the deal, "we are able to really take advantage of all the new materials coming out and quickly run them through R&D and manufacturing, so we can change our battery composition quickly," Talluri said. Enovix is developing a technology that can replace part of a battery called an anode, traditionally made out of graphite, with silicon instead.

Persons: Enovix, Raj Talluri, Talluri, That's, Stephen Nellis, Matthew Lewis Organizations: Enovix, Reuters, HK, Lenovo Group, San, Thomson Locations: Silicon, Korean, Fremont , California, Malaysia, Malaysian, San Francisco

☆ China's AI applications are coming — where it matters for monetization
▼ + stars: | 2023-09-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Around the same time, Tencent announced it is integrating its AI model into advertising content creation, and its own Zoom-like video conferencing app. It's also not clear how powerful China's AI applications currently are, beyond demos and select business partnerships. "Overall we see generally Chinese language model[s] still lag behind the most advanced ChatGPT version 4," CLSA's Tony Zhang said in a phone interview in the last week. Now with Beijing's green light, public-facing AI applications such as Baidu's Ernie bot can be widely used in China. Generative AI and large language model-related revenue contributed to 20% of SenseTime' s revenue in the first half of 2023, Nomura analysts said, citing company management.

Persons: Nomura, Tencent, Coffee, Luckin, Joey Wat, It's, Tony Zhang, –, Ernie, Oliver Wyman's David Xie Organizations: Baidu, KFC Locations: Beijing, China, Taobao, TikTok

☆ China's Huawei says it has reached global patent licensing deal with Xiaomi
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

A logo of Huawei Technologies is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China's Huawei Technologies inked on Wednesday a global patent cross-licensing deal with Xiaomi Inc (1810.HK), according to a statement from Huawei. The deal covers communication technologies including 5G, it said, and marks the resolution of a patent licensing dispute between the two firms. Local Chinese media reported in March that Huawei was suing Xiaomi for alleged infringement of four registered patents mainly related to wireless communication technology, smartphone photography and screen lock technology. Huawei also has patent license agreements with other tech players such as Oppo and South Korea's Samsung (005930.KS).

Persons: Benoit Tessier, Xiaomi, Clarence Fernandez, Tom Hogue Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Rights, Xiaomi Inc, HK, Huawei, Local, Samsung, Ericsson, Beijing, Thomson Locations: Porte, Paris, France, Rights BEIJING, South

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song Acquire Licensing RightsSHANGHAI, Sept 13 (Reuters) - Alibaba said on Wednesday it would open its artificial intelligence model Tongyi Qianwen to the public, in a sign it has gained Chinese regulatory approval to mass-market the model. He was replaced by newly installed Alibaba Group CEO, Eddie Wu. In an internal letter to Alibaba staff on Tuesday, Wu said that AI would be at the centre of Alibaba Group's future strategy. Alibaba first unveiled Tongyi Qianwen in April, saying at the time that the AI large language model, which is similar to ChatGPT, would be integrated into all business applications.

Persons: Aly, Alibaba, Daniel Zhang, Eddie Wu, Wu, Tongyi Qianwen, Casey Hall, Tom Hogue Organizations: Artificial Intelligence, REUTERS, Rights, Cloud Intelligence Division, Zhejiang University, Thomson Locations: Shanghai, China, United States, DingTalk, Alibaba

☆ Apple's $200 billion valuation wipeout may foreshadow a post-US tech future
▼ + stars: | 2023-09-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Apple experience a $200 billion market cap drop amid investor concerns about China. A new phone from Huawei has been built mostly with equipment from China. Apple generated almost a fifth of its $394.3 billion net sales from the region in its last fiscal year . This week, Apple's main competition in China, Huawei launched a new 5G smartphone, the Mate 60 Pro. Other tech companies may be next.

Persons: Tim Cook, Cook, Joe Biden Organizations: Apple, Huawei, Service, Xiaomi, China's Semiconductor Manufacturing International Corporation, Bloomberg, Jefferies Locations: China, Wall, Silicon, Taiwan, Washington, Beijing, Guangzhou

Surveillance cameras are seen near an iPhone advertisement at an Apple store in Beijing, China September 7, 2023. One of the sources said they had not yet been given a deadline to cease their iPhone use. Apple and China's State Council Information Office, which handles media queries on behalf of the government, did not immediately respond to requests for comment. Bloomberg on Thursday reported that China planned to broaden the ban to state firms and agencies, citing sources. China has increasingly emphasized using locally made tech products, as technology has become a major national security issue for Beijing and Washington.

Persons: Florence Lo, China's, Tesla, Tim Cook, D.A, Davidson, Tom Forte, Yuvraj Malik, Jaspreet Singh, Brenda Goh, Alexander Smith, Shounak Organizations: Apple, REUTERS, U.S ., Staff, China's, Information Office, Huawei Technologies, Observer, Wall Street Journal, Bloomberg, Citi, Canalys, Government, HK, Huawei, Thomson Locations: Beijing, China, HONG KONG, BEIJING, Washington, U.S, Hong Kong, Shanghai, Bengaluru

☆ Tesla rival Polestar plans own smartphone launch alongside its first electric vehicle in China
▼ + stars: | 2023-09-06 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesMUNICH — Swedish electric vehicle maker Polestar plans to launch a smartphone in December alongside deliveries of its first car to be released in China, the company's CEO told CNBC. It will be the company's first car to be delivered in China, as it ramps up expansion in the world's biggest electric vehicle market. Alongside that, Polestar will take the unusual move of launching a smartphone carrying the brand's name. It stems from a joint venture created in June between Polestar and Xingji Meizu, a Chinese smartphone maker owned by Chinese auto giant Geely . And the Polestar smartphone would not be an attempt to grow market share.

Persons: Thomas Ingenlath, Polestar, Xingji, Meizu, Ingenlath, It's, Neil Shah, Shah Organizations: HK, Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, MUNICH, CNBC, Apple, EV, Counterpoint Research, BMW, Mercedes, Benz, Porsche Locations: Shanghai, China, Swedish, Polestar, German

☆ Tencent, others begin enforcing China's new oversight move on apps
▼ + stars: | 2023-09-04 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

The moves comply with new rules introduced last month as Beijing tightens oversight of mobile apps in the country. "The Android app stores have confirmed that new apps require the app filings from Friday onwards, and existing apps must have it from March 31 onwards," Rich Bishop, CEO of app publishing firm AppInChina said. "It forces all global apps on these app stores to either establish a local entity or work with a local partner." As of Monday, it is not yet checking apps' filing status, AppInChina said, citing its own checks. The notice also said app stores will have to clearly mark each app's filing status on their platforms.

Persons: Aly, Rich Bishop, AppInChina, Vivo, Tencent's, MIIT, Josh Ye, Brenda Goh Organizations: World Internet Conference, REUTERS, Tencent Holdings, HK, Reuters, Tencent, Huawei Technologies, Apple, Ministry of Industry, Information Technology, Huawei, Xiaomi, Thomson Locations: Wuzhen, Zhejiang province, China, HONG KONG, Beijing

☆ Samsung launches two new folding smartphones to fend off competition from rivals
▼ + stars: | 2023-07-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

The Samsung Galaxy Fold 5 and Galaxy Z Flip 5. Galaxy Z Flip 5The star of the show in Samsung's new folding phone portfolio is its new Galaxy Z Flip 5. The Samsung Galaxy Z Flip 5's standout feature is a much larger cover display. Galaxy Fold 5The Samsung Galaxy Fold 5. Galaxy Tab S9(From left) The Samsung Galaxy Z Flip 5, Galaxy Fold 5, Galaxy Watch 6, and Galaxy Tab S9.

Persons: Ryan Browne, phonemakers, Oppo, who've, Ben Wood, It's, Paolo Pescatore, Le Xuan Chiew, There's Organizations: Samsung, CNBC Samsung, Wednesday, CNBC, CNBC Foldables, Huawei, Motorola, Lenovo, IDC, CCS Insight, Google, Android, PP Foresight, Apple, Global, Galaxy, Windows Locations: Korean, foldables

☆ Samsung going in 'right direction' in China market, mobile chief says
▼ + stars: | 2023-07-26 | by ( Joyce Lee | ) www.reuters.com time to read: +2 min

SEOUL, July 27 (Reuters) - Samsung Electronics' (005930.KS) mobile chief said Samsung is "going in the right direction" in China, the world's largest mobile market, as it seeks to raise its lagging market share by boosting premium offerings and ties with local content firms. Third-party data shows the world's largest smartphone maker is making small gains in its single-digit market share in China, said TM Roh, head of mobile experience at Samsung Electronics. "We are making efforts to reach Chinese consumers with products that fit the China market, through software optimisation that fits the China market, and I think the results are coming out little by little," Roh told reporters this week. But by March, Samsung had recovered a 1.1% market share, according to Counterpoint data. Samsung, the world's largest smartphone maker, announces full second-quarter earnings later on Thursday.

Persons: Samsung, Roh, Joyce Lee, Bernadette Baum Organizations: Samsung Electronics, Samsung, Apple, Thomson Locations: SEOUL, China, India

☆ China's Huawei says it earned patent revenues of $560 million last year
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +1 min

SHENZHEN, China, July 13 (Reuters) - Chinese tech giant Huawei Technologies(HWT.UL) received $560 million in royalty revenues in 2022, Alan Fan, its head of intellectual property (IP), said on Thursday in a speech at company headquarters in the city of Shenzhen. Huawei earned more than it paid out in royalties over the last two years as the decline in handset sales meant it needed to pay less to other IP holders, Fan said. The company has entered into patent licenses with phone makers Samsung and Oppo and automakers including Audi, Mercedes Benz, BMW, Porsche, Subaru, Lamborghini and Bentley, Huawei said. Last year, Huawei spent $23 billion on research and development, with 114,000 staff, 55% of its total, working on research, the company said. From 2019, rounds of U.S restrictions after authorities there called the company a security risk reduced its access to chipmaking tools.

Persons: Alan Fan, Fan, Mercedes Benz, David Kirton Organizations: Huawei Technologies, Huawei, Samsung, Oppo, Audi, BMW, Porsche, Subaru, Lamborghini, Bentley, Thomson Locations: SHENZHEN, China, Shenzhen

☆ China to clamp down on AirDrop and Bluetooth file sharing for national security reasons
▼ + stars: | 2023-06-09 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China’s cyberspace regulator plans to issue new rules clamping down on the use of wireless file sharing functions such as Bluetooth and Apple’s AirDrop on national security grounds. The move comes after protesters in China used AirDrop during anti-government protests in October 2022 to share content, bypassing strict internet censorship. Weeks later, Apple moved to limit the use of the AirDrop function on devices in China. The aim of the regulation is to “maintain national security and social public interests” by regulating the use of close-range wireless communication tools such as Bluetooth, Wi-Fi and other technologies, it said. Other than AirDrop, Google’s Nearby Share allows users to transfer data between Android and Chrome OS devices via Bluetooth and Wi-Fi.

Persons: Weeks, Apple, Xi Jinping, Oppo, Xi Organizations: Hong Kong CNN, Bluetooth, Cyberspace Administration, The New York Times Locations: Hong Kong, China, Beijing

☆ China's Oppo debuts 'mixed reality' headset as Apple, Microsoft explore similar devices
▼ + stars: | 2023-05-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Chinese electronics giant Oppo debuted a mixed reality headset on Wednesday, pushing into an area in which U.S. technology companies Microsoft and Apple have taking a keen interest. The Oppo MR Glass Developer Edition is designed for developers to create apps and figure out the best uses for mixed reality technology. Mixed reality refers to technologies that encompass both virtual reality and augmented reality (AR). Oppo is bullish on the future of mixed reality and sees it as the next computing platform after the smartphone. In an interview with GQ this year, company CEO Tim Cook explained why people might want a mixed reality headset in the future.

Persons: Xu Yi, Oppo, Xu, Xiaomi, Tim Cook, Cook Organizations: Microsoft, Apple, Oppo, CNBC, Samsung, GQ Locations: China

☆ Why foldable phones are so incredibly expensive
▼ + stars: | 2023-05-21 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

“I’ve owned practically every Pixel device,” said Pantons, 33, who has posted hundreds of YouTube videos about Pixel phones and other tech products. Premium partsThe flexible screen found on foldable phones is one of the biggest reasons why they cost so much. And the Google Pixel Fold has two: a 5.8-inch cover display and a 7.6-inch inner display. The new Google Pixel Fold phone Justin Sullivan/Getty ImagesOther components unique to foldables also drive up the cost. Foldable phones are also notoriously fragile.

☆ Temu accused of data risks after sister app was suspended for malware
▼ + stars: | 2023-05-17 | by ( Sheila Chiang | ) www.cnbc.com time to read: +7 min

Stefani Reynolds | Afp | Getty ImagesThe U.S. has accused discount shopping site Temu of possible data risks after its Chinese sister app was pulled from Google's app store over "malware" — but analysts say they're not that worried. Google called it an "identified malicious app" and urged users to uninstall the Pinduoduo app, but the Chinese online retailer denied those claims. Kevin Reed chief information security officer, Acronis"There should be no need for biometric data to be stored on an e-commerce website or app. Data risksIn a report on Chinese "fast fashion" platforms published in April, the U.S.-China Economic and Security Review Commission accused Temu and Shein of posing possible data risks. Shein and Temu "primarily rely on U.S. consumers downloading and using Chinese apps to curate and deliver products," said the report.

☆ Why the Durham Report Matters to Democracy
▼ + stars: | 2023-05-16 | by ( The Editorial Board | ) www.wsj.com time to read: +1 min

The final report by special prosecutor John Durham. Special counsel John Durham ’s final report makes clear that a partisan FBI became a funnel for disinformation from the Hillary Clinton campaign through a secret investigation the bureau never should have launched. The 306-page Durham report released Monday afternoon is far more comprehensive than anything issued by original special counsel Robert Mueller . Mr. Durham had already unfurled some of the narrative with his prosecutions of Russian national Igor Danchenko and Democratic lawyer Michael Sussmann . He lost those cases, though the indictments laid out how the Clinton campaign used foreign nationals, an oppo-research outfit, and political insiders to feed the FBI and the media lies about Trump collusion.

☆ China's Oppo to shut down chip design unit as smartphone sales slump
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, May 13 (Reuters) - Chinese smartphone maker Oppo said it will shut down its chip design unit, citing uncertainties in the global economy and the smartphone industry. The company, one of China's best-selling domestic smartphone brands, said it will cease operations of its Zeku unit, which it set up in 2019. In 2022, smartphone shipments fell 14%, and total unit shipments fell below 300 million for the first time in a decade. In the first quarter, total smartphone shipments dropped 11% year-on-year to 67.2 million units, the lowest quarterly total since 2013, research firm Canalys said last month. Oppo is owned by BBK Electronics, which also owns Vivo, another top-selling Chinese smartphone brand.

☆ Google I/O event: first foldable phone, new tablets and more AI features
▼ + stars: | 2023-05-10 | by ( Samantha Kelly | ) edition.cnn.com time to read: +8 min

The Pixel FoldThe Google Pixel Fold is the company's first foray into foldable phones GoogleGoogle became the latest tech company to unveil a foldable smartphone. Like other foldables, the $1799 Pixel Fold features a vertical hinge that can be opened to reveal a tablet-like display. The Pixel Fold is very much a phone first: when it’s unfolded, it opens up into a 7.6-inch screen, and moves on Google’s custom-built 180-degree hinge. Under the hood, the 11-inch tablet is powered by Google’s Tensor G2 chips, which bring long-lasting battery life and AI features to the device. AI features coming to searchGoogle is also moving forward with plans to bring AI chat features to its core search engine amid a renewed arms race over the technology in Silicon Valley.

☆ Bank of America double upgrades this telecom stock, says it can jump 30%
▼ + stars: | 2023-05-10 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to buy InterDigital after its strong first-quarter results , according to Bank of America. InterDigital is up by more than 61% this year, but the analyst's price target increase suggests that shares can climb another 30% from Tuesday's closing price. "The company already recognizes these revenues, though at a conservative level, and could see some upside once the cases finalize. InterDigital also has ongoing cases with Oppo and Vivo, which should each add $40- 60mn in recurring revenues per year." "Without Lenovo, total revenues would have still beaten estimates by ~7%."

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