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☆ Tim Cook is having a great week as Apple stock hovers within reach of record high
▼ + stars: | 2024-10-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Analysts are optimistic about Apple's iPhone 16 sales going into the holiday season. Apple shares hit a record intraday high earlier this week. AdvertisementFall is shaping up to be good for Tim Cook as Apple rounds the corner into the holiday quarter. Analysts expect the rollout of Apple's AI features to drive iPhone demand into the holiday season. Apple Intelligence is expected to officially launch by the end of the month, and new Macs are reportedly on the way.

Persons: —, Tim Cook, Nabila Popal, Morgan Stanley, Bernstein, Cook, Jacob Bourne, Bourne, Erik Woodring, William Kerwin, Kerwin, TSMC Organizations: IDC, Apple, Service, Apple Intelligence, Wall Street, ISI, Forbes, Business, Morningstar Locations: China, Xiaomi, Indonesia

☆ AI gadgets have been a bust so far. Apple aims to change that
▼ + stars: | 2024-09-05 | by ( Steve Kovach | ) www.cnbc.com time to read: +8 min

The system is called Apple Intelligence, and it'll be rolling out over the coming months. Apple plans to roll out Apple Intelligence in stages. Plus, app developers will be able tap into Apple intelligence, so you can use it everywhere on your phone. In the PC market, Microsoft's Copilot+ PCs launched this summer, but without their marquee AI feature, Recall. Without Recall, there's not much AI in this batch of AI PCs.

Persons: they've, Nabila Popal, they'll, Canalys, Gerrit Schneemann, Tim Cook, Nic Coury, supercharge Siri, Schneemann, IDC's Popal, Popal, it's, there's, Alex Katouzian, Katouzian, Corie Barry, Jaque Silva Organizations: Microsoft, Meta, Google, Nvidia, Apple, Samsung, Dell, HP, Qualcomm, Apple Intelligence, Will Apple Intelligence, IDC, Counterpoint Technology, Developers Conference, Afp, Getty, Motorola, Gemini Locations: China, U.S, Cupertino , California

☆ Google's Android apps are coming in 3D via Xreal as competition with Apple's Vision Pro heats up
▼ + stars: | 2024-06-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Xreal, an augmented reality glasses maker, has launched a connected Beam Pro mobile device that allows users to capture spatial video and 3D images. Xreal said the Beam Pro uses Nvidia CloudXR technology for image rendering and Qualcomm 's Snapdragon spatial computing platform. A pair of Xreal AR glasses costs around $200 to $400, depending on the model and sales promotion. That means a set of Xreal AR glasses and Beam Pro costs significantly less than $1,000. The Beam Pro launched in China in late May.

Persons: Apple, Chi Xu, Xu, Xreal, Rokid, Ramon, Xreal Xu Organizations: BEIJING — Games, Google, Apple, CNBC, Apple Vision, Beam, Nvidia, Qualcomm, Amazon Web Services, IDC Research, Vision, The Locations: BEIJING, U.S, China, Hong Kong, Japan, Singapore

☆ The iPhone needs a revamp, and its sagging performance in China is proof
▼ + stars: | 2024-03-06 | by ( Hasan Chowdhury | Lina Batarags | ) www.businessinsider.com time to read: +6 min

Read previewThe last thing Tim Cook needs this year is for the iPhone to give him a headache. Unfortunately for Apple, that task could be complicated as signs emerge that its workhorse gadget needs a revamp. In its most recent quarter, Apple generated almost $70 billion of its $119.6 billion total revenue from iPhone sales. China, Apple's most important international market, has started to sour on iPhones, bucking a trend of growth in other regions. Apple's AI efforts, led by ex-Googler and senior vice president John Giannandrea, could introduce several AI features to iPhones that offer an edge over Chinese competitors.

Persons: —, Tim Cook, Cook, Steve Jobs, Paul Sakuma, Will Wong, Wong, Wang Gang, Gene Munster, Munster, Dan Ives, John Giannandrea, Siri, Jobs Organizations: Service, Apple, Vision, Business, Macworld, Counterpoint Research, Vivo, Huawei, Wall Street Journal, IDC's, Devices, Research, Asset Management Locations: Cupertino, China, Greater China, Beijing, Singapore, IDC's Asia

☆ Alibaba bets on overseas e-commerce unit amid sluggish growth in China
▼ + stars: | 2024-02-20 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

Costfoto | Nurphoto | Getty ImagesChinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. James Dong, CEO of Southeast Asian e-commerce giant Lazada Group, was named as Daraz's acting CEO. Dong took over as Lazada Group CEO from Chun Li in June 2022, after running the company's Thailand and Vietnam operations. Intense competitionThe e-commerce business that once propelled Alibaba to success has run into challenges with upstart competitors such as PDD, while consumption growth in China remains sluggish. Alibaba posted 9% year-on-year revenue growth in the third quarter to about $31 billion.

Persons: Eddie Wu, Yinglan Tan, AliExpress, Bjarke Mikkelsen, Jan, James Dong, Lazada, Tan, Alibaba, Zhang, Dong, Chun Li, Li, Pierre, Lucy Peng, PDD Organizations: Nurphoto, Getty, Digital Commerce, Tmall, Tmall Group, Alibaba, Ventures, Lazada, CNBC, Ventures Partners, Alibaba Group, PDD Holdings, Hong Kong, HK Locations: Huangpu District, Shanghai, Taobao, monetization, Alibaba, Pakistan, Asia, China, Thailand, Vietnam, Hong Kong

☆ 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 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

☆ 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

☆ Huawei spinoff Honor launches foldable phone globally as Chinese firm looks to rival Apple, Samsung
▼ + stars: | 2023-09-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Honor released its Magic V2 foldable on July 12, 2023, starting with the China market. HonorChinese consumer electronics firm Honor launched its flagship foldable smartphone overseas — venturing into a high-end market dominated by Samsung and Apple . The Honor Magic V2 will go on sale in markets in Europe and elsewhere — but not in the United States — no later than the first quarter of 2024, the company said. The Magic V2 is part of that. Honor Magic V2 details

Persons: United States —, Simon Baker, Baker Organizations: Samsung, Apple, Huawei, IDC, China, CNBC Locations: China, Europe, United States, Shenzhen

☆ Samsung reports 95% drop in profit, but expects global demand to recover in second half of the year
▼ + stars: | 2023-07-27 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

A Samsung Galaxy Z Fold 5 smartphone, left, a Galaxy Z Flip 5 smartphone during the Galaxy Unpacked event in Seoul, South Korea, on Wednesday, July 26, 2023. Both DRAM and NAND flash memory chips also saw "more limited price drops" which improved second-quarter performance, compared with the first quarter, Samsung said. Weak electronics demandSamsung said that overall mobile phone market demand declined from the first quarter due to continued macroeconomic challenges such as inflation. Inflation has led to consumers cutting back on purchases of these goods, driving down prices for memory chips. Focus on premium foldable phonesSamsung said it will focus on the newly launched high-end Galaxy Z Flip 5 and Galaxy Z Fold 5 series to cement its leading position in the global foldable smartphone market.

Persons: SeongJoon Cho, Nabila Popal, Bryan Ma Organizations: Samsung, Galaxy, Apple Inc, Bloomberg, Getty, International Data Corporation, Micron, SK Hynix, IDC Locations: Seoul, South Korea, China

☆ Taiwan seeking US cooperation to make next-generation fighters
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, May 3 (Reuters) - Taiwan is seeking U.S. cooperation to make the island's next domestically developed fighter jet, the head of Taiwanese defence contractor Aerospace Industrial Development Corp (AIDC) (2634.TW) said on Wednesday. Taiwan's air force scrambles daily to see off incursions by Chinese jets into the airspace around the island as Beijing steps up its pressure to try and force Taiwan to accept China's sovereignty. While the mainstay of Taiwan's air force is Lockheed Martin Corp's (LMT.N) F-16s and French-build Mirages it also uses AIDC's F-CK-1 Ching-kuo Indigenous Defence Fighter, or IDF. Taiwan in 2017 announced the next generation fighter programme, to include stealth capabilities, but has given few details since. Even the United States has been unwilling to provide Taiwan its most advanced fighters like the F-22 or F-35, and Taiwan has no direct answer to China's new J-20 stealth fighter.

☆ Taiwan seeking US cooperation to make next generation fighters
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, May 3 (Reuters) - Taiwan is seeking U.S. cooperation to make the island's next domestically developed fighter jet, the head of Taiwanese defence contractor Aerospace Industrial Development Corp (AIDC) (2634.TW) said on Wednesday. Taiwan's air force scrambles daily to see off incursions by Chinese jets into the airspace around the island as Beijing steps up its pressure to try and force Taiwan to accept China's sovereignty. Speaking at a Taiwan-U.S. defence industry forum in Taipei, AIDC Chairman Hu Kai-hung said the company wanted to raise its technical prowess to help with the development of Taiwan's next generation fighter. Taiwan in 2017 announced the next generation fighter programme, to include stealth capabilities, but has given few details since. Even the United States has been unwilling to provide Taiwan its most advanced fighters like the F-22 or F-35, and Taiwan has no direct answer to China's new J-20 stealth fighter.

☆ Deutsche Bank downgrades Logitech, says computer and video businesses won't fare well in tough economy
▼ + stars: | 2023-01-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Logitech 's stock should fall tougher economic conditions hit personal computer and video spending, Deutsche Bank said Friday. Brown also lowered his price target by CHF14 to CHF54, which presents a downside of 4.7% over Thursday's close. The stock is down nearly 9% so far in 2023, even as the broader market has turned up to start the year. Industry research data IDC's PC tracker showed personal computer shipments were down 28% in the fourth quarter of 2022 compared with the same period a year prior. To be sure, Logitech sales have a historically low correlation to personal computer shipments, but Brown warned the correlation is growing stronger as the broader economic worsens.

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