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Search resuls for: "Apple China"


2 mentions found


☆ Apple and others to benefit from China's reopening, Morgan Stanley says
  + stars: | 2023-01-24 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
But Wilson said that investors may still benefit from Beijing's reopening by choosing stocks and industry groups with high revenue exposure to China. Here are three of Morgan Stanley's China reopening stock picks: Apple China accounts for approximate 20% of Apple 's revenue and a staggering 95% of its production. "While a reopening and initial spread of Covid infections could cause near-term disruption, we ultimately believe a relaxing of restrictions should be a positive for production," Wilson wrote. Branded Apparel & Footwear coverage from a broad China reopening," Wilson said. Las Vegas Sands has seen visitation drop more than 80% from pre-Covid levels due to travel restrictions, according to Morgan Stanley.
☆ A game about sheep is going viral in China even as gaming regulation remains tight
  + stars: | 2022-09-28 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
A young Beijing company's game called "Sheep a Sheep" went viral in China in September 2022. That's because the new game, called Sheep a Sheep, sits inside ByteDance's Douyin and Tencent's messaging app WeChat as a mini-program. Sheep a Sheep just went viral these past few days. Weeks later in early September, Jianyou had launched the sheep game, according to posts on its official Weibo, a Twitter-like social media platform in China. In contrast, NetEase's first game approval in more than a year came 10 months after the company registered the software, according to Tianyancha data.
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