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☆ Stocks to play China's shopping festival — even if consumers spend less
▼ + stars: | 2024-11-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

As China's biggest shopping festival of the year gets underway, analysts are starting to favor Chinese logistics companies as a way to play the online shopping trend. The JPMorgan report initiated coverage of U.S.-listed ZTO Express , which the analysts said is China's largest express parcel player with more than 20% of the market. ZTO YTD mountain ZTO Express shares in the U.S. in 2024. Morgan Stanley is less bullish, rating J & T equal-weight while citing competitive risks in China and potential challenges in Southeast Asia. "Cuts on overseas profitability outlook has weakened our investment thesis," the Morgan Stanley analysts said.

Persons: JD.com, Morgan Stanley, ZTO, Morgan Stanley's, Nomura, Jet Li, Li, Michael Bloom Organizations: JPMorgan, YTO Express, STO Express, Yunda, T Global Express Ltd, ZTO's, ZTO Express, J, T Global Express, HK, Nomura, Hong Kong, Hong, CNBC Locations: Hong Kong, U.S, China, Southeast Asia, T Global Express Hong Kong

☆ Apple stuck it to the naysayers with better-than-feared financials, emerging iPhone 16 demand
▼ + stars: | 2024-10-31 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While the hardware sales are certainly profitable, they pale in comparison to the profitability of Apple's Services. It's impossible to do consistently, and that's why Jim Cramer always says "own, don't trade" Apple stock. During the reported quarter, Apple returned over $29 billion to shareholders, including $3.8 billion in dividends and equivalents and another $25 billion via the repurchase of 112 million shares. Though Services sales missed the mark, gross income managed to outpace expectations thanks to significant year-over-year margin expansion. The growing installed base of active devices is of course translating into strong engagement with Apple's services.

Persons: Luca Maestri, that's, Jim Cramer, Time Cook, Apple, we're, Maestri, Jim Cramer's, Jim, Michael M Organizations: Apple, Samsung, Dell, HP Inc, of Asia, of Asia Pacific, Mac, Apple Watch, Apple Intelligence, Apple's Services, iOS, CNBC, Fifth, Santiago, Getty Locations: Apple's, Americas, Europe, Asia Pacific, Japan, Greater China, iPhones, Kantar, U.S, China, Australia, New York City

☆ How Apple's China suppliers could actually benefit from U.S. trade tensions, according to JPMorgan
▼ + stars: | 2024-10-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

After a sweeping look at global trade shifts, JPMorgan strategists have concluded that some of Apple's Chinese suppliers could benefit from the trend of supply chain diversification. The Oct. 18 report looked at 10 aspects of "the great supply chain relocation and the rise of trading blocs." The analysis ranged from China's dominance in the global supply chain and overcapacity concerns, to U.S. policy. Calls for supply chain diversification picked up during the Covid-19 pandemic. "Further, they highlight names that could benefit from Apple's supply chain relocation," the report said.

Persons: Donald Trump's, Trump, Kamala Harris, Oppo, Bernstein, — CNBC's Michael Bloom Organizations: JPMorgan, Republican, Democratic, Biden, Apple, Wingtech, Luxshare Precision Industry Locations: U.S, China, India, ASEAN, Mexico, iPhones, GoerTek, Luxshare, Vietnam, Malaysia, Philippines, Shenzhen, Indonesia

☆ CNBC Daily Open: In this time of uncertainty, logic is driving market moves
▼ + stars: | 2024-10-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Possible S&P 5% pullback Earlier this week, the S&P 500 fell for three consecutive days, the first time since early September. The influence of the meridian sunspot over the rising moon, for instance, could cast a shadow over the S&P and cause it to slip. The bad news is that markets might again be swayed more strongly by emotions – as the word "relief" suggests.

Persons: BTIG, Billy Zhang, John Maynard Keynes, Tesla, Dow, Andy Sieg, –, —, Sarah Min, Pia Singh, Lisa Kailai Han Organizations: CNBC, Google, Microsoft, Wall, Nasdaq, Dow, Boeing, IBM, U.S

☆ Apple returns to top 5 smartphone ranking in China with iPhone 16 as Huawei battle ramps up
▼ + stars: | 2024-10-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Huawei trailed Apple in third place with 15.3% market share, IDC data showed. However, the company's smartphone shipments in China grew by 42% year-on-year, as it continues to stage a revival in the world's largest smartphone market. Apple stood at second position by market share in the third quarter, according to International Data Corporation (IDC). In the second quarter, Apple was knocked out of the top five ranking in China by market share. Canalys said Apple was fifth place by market share in China.

Persons: Apple, Tim Cook, Vivo, Xiaomi, Canalys Organizations: Apple, Huawei, IDC, International Data Corporation, Apple Intelligence, Oppo, CNBC Locations: Chongqing, China, Cupertino, U.S

☆ Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft
▼ + stars: | 2024-10-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys. Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI with senior management at Google and Microsoft in the run-up to the launch of its flagship phone overseas. The rise of generative AI — tech that can produce human-like responses when prompted — has companies from Apple to Honeywell rushing to tap its capabilities. AI smartphones set for growthOppo in June announced it plans to integrate generative AI in 50 million of its devices this year. Apple next week is due to publicly release its first software update with AI tools.

Persons: —, Billy Zhang, Zhang, Xiaomi, Oppo Organizations: Nurphoto, Getty, Google, Microsoft, Apple, Honeywell, CNBC, Samsung, Tech Locations: China, BEIJING, Shenzhen, Europe, Southeast Asia, U.S

Within hours of Biden dropping out of the race and endorsing his vice president on Sunday, Trump’s campaign managers had released a blistering statement tying Harris to the administration’s policies. Instead, Trump’s team had orchestrated an exacting campaign around defeating Biden. But it was soon widely acknowledged within Trump’s camp that Biden bowing out would also throw their own campaign into uncertainty. Trump’s campaign also began privately ramping up and testing new lines of attack on Harris — someone they had largely ignored since she was sworn in as vice president. While polling has shown Harris is the best known among possible Democratic candidates to replace Biden, Trump’s advisers and allies maintain that most Americans don’t know much about her, creating an opening to define her to the public.

Persons: Donald Trump, Joe Biden’s, Biden, Kamala Harris, Harris, Trump, “, It’s, anoint Harris, won’t, ”, surrogates, Harris ’, Harris “, Chris LaCivita, LaCivita, can’t, –, Biden deputized, Ohio Sen, JD Vance, pollsters, Biden –, Biden’s, “ Biden, Kamala, ” Brian Bartlett, Mitt Romney’s, ” Bartlett, Arizona Sen, Mark Kelly, Josh Shapiro, Roy Cooper, they’ve, Gretchen Whitmer, Gavin Newsom, Hillary Clinton, Andy Beshear, CNN’s David Wright Organizations: CNN, Democratic, Trump, ABC, Fox News, Biden, Committee, California Democrat, Republican, Convention, MAGA Inc, Republican National Convention, Georgia, Democrats, Black, North Carolina Gov, Michigan, Kentucky Gov Locations: California, Arizona , Georgia, Nevada, Pennsylvania, Milwaukee, Central America, Arizona, Kentucky

☆ China's top smartphone player Honor launches first flip foldable phone in challenge to Samsung
▼ + stars: | 2024-06-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Honor on Thursday launched its first flip foldable phone as the Chinese electronics maker looks to step up its challenge in the high-end market against major players like Samsung . CNBC first reported in February that an Honor flip phone was going to launch this year. The global foldable market grew 49% year-on-year in the first quarter of 2024, faster than the overall smartphone market. The Magic V Flip will go up against similar devices from the likes of Oppo, Vivo and Samsung. While the Magic V Flip is only launching in China, Honor has often brought a lot of its devices to international markets.

Organizations: International Data Corporation, Samsung, Huawei, Apple, CNBC Locations: China

☆ Apple Vision Pro to sell in China, Japan and Singapore by end of this month in first debut outside the U.S.
▼ + stars: | 2024-06-12 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The Apple Vision Pro headset is seen on display at the Fifth Avenue Apple store on February 02, 2024 in New York City. Apple announced on Tuesday that it will launch its flagship virtual reality headset, the Apple Vision Pro, in China, Hong Kong, Japan and Singapore on June 28. The VR headset first became available for purchase in the U.S. four months ago, with a starting price of $3,499. Apps popular on the Vision Pro in the U.S. such as Disney + and Amazon Prime Video are unavailable in China. Instead, the American tech giant said Tuesday that local developers and internet companies in China will launch new apps and games for the Apple Vision Pro.

Organizations: Apple, Fifth, Apple Vision, VR, Vision, Disney, Amazon Prime Locations: New York City, China , Hong Kong, Japan, Singapore, United States, China, U.S

☆ Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones
▼ + stars: | 2024-05-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Qualcomm reported second-quarter earnings on Wednesday that surpassed Wall Street expectations, and provided a strong guide for the current quarter. Qualcomm said it expected between $8.8 billion and $9.6 billion in sales in the current quarter, higher than Wall Street expectations of $9.05 billion. Analysts were looking for earnings guidance of $2.17 per share, versus the company's forecast of between $2.15 and $2.35. Qualcomm called out strong demand for "premium tier" smartphones that require the most advanced chips, especially in China. Qualcomm said that revenue from Chinese phone makers increased 40% on an annual basis during the quarter.

Persons: Cristiano Amon, Amon, — Organizations: Qualcomm Locations: Las Vegas , Nevada, iPhones, China

☆ Why Apple is betting big on India
▼ + stars: | 2024-04-22 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +26 min

I think one estimate put, at one point, I think China was producing something like 90% of the world's iPhones. So when we talk about, you know, Apple manufacturing elsewhere, it's going take a long time to significantly ramp up iPhone production elsewhere. And you know, opening a physical Apple store often for Apple is a sign of a big deal. But you know, Apple looking at India going, wow, we've only got 7% of market share there, we could grow huge amounts. And of course, as we know, with Apple, the hardware is the, you know, one side of the equation, but also, you know, Apple makes billions of dollars off of its services business, which includes things like its App Store fees, it's Apple Pay, Apple TV, all of those other products and services.

Persons: Tim Cook, Apple, it's, It's, Tom Chitty, we've, Arjun Kharpal, Arjun, they're, let's, hasn't, We've, they've, Apple's, that's, we're, There's, Narendra Modi, Arjun Kharpal It's, Tom Chitty Huawei, Kharpal Huawei, Tim Cook's, I've, haven't, He's, They've, Arjun Kharpal There's, Tom Chitty Oppo, Tom Chitty Xiaomi, Tom Chitty Samsung, You've, They're, Transsion, Tom, Tom Chitty I'm, Kharpal, Tom Chitty We'll Organizations: Apple, Bloomberg, CNBC, U.S, Arjun Kharpal It's Samsung, Samsung, China, Apple Watch, Huawei, IDC Locations: India, Foxconn, China, beyondthevalley@cnbc.com, Covid, Zhengzhou, Vietnam, Asia, Thailand, Indonesia, Southeast Asia, Mumbai, New Delhi, Xiaomi, Europe, U.S, Arjun Kharpal Vietnam, Hanoi , Vietnam, Hanoi, Taiwan, Beijing, America, Africa, The

☆ Apple deletes WhatsApp, Threads from China app store on orders from Beijing
▼ + stars: | 2024-04-19 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Apple has removed WhatAapp and Threads from its app store in China, following an order from the country’s internet watchdog which cited national security concerns. “The Cyberspace Administration of China ordered the removal of these apps from the China storefront based on their national security concerns. Other popular Western social media apps including X (formerly Twitter), Facebook, Instagram and Messenger are still available on Apple’s China app store, according to a check by CNN. Chinese consumers who once would have considered Apple are now turning to the country’s national brands. Its CEO Tim Cook visited Shanghai just last month to open the second biggest Apple store in the world.

Persons: Hong Kong CNN —, Duncan Clark, ”, VPNs, Tim Cook, — Hassan Tayir Organizations: Hong Kong CNN, Hong Kong CNN — Apple, Apple, CNN, Administration of China, Meta, BDA China, Facebook, IDC, Huawei Locations: China, Hong Kong, Beijing, United States, Shanghai

☆ 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

☆ iPhone sales are plunging. Here’s why
▼ + stars: | 2024-04-15 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

CNN —Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply. Apple took the crown last year – but only for one quarter, as Samsung took the spot back. Samsung occupied about 20.8% of market share (or 60.1 million shipments) during the quarter, followed by Apple with 17.3% (50.1 million shipments). China remains an important market for Apple as it is the largest market behind the US. “As the overall smartphone market recovers this year, with a strong focus on AI, Samsung is in good position to grow further this year,” she added.

Persons: “, ”, Nabila Popal, “ It’s, ” Popal, Xiaomi, Loren Elliott, Huawei’s, Popal, “ We’re Organizations: CNN, IDC, Apple, Samsung, Android, Galaxy, Huawei Locations: China, San Jose , California, U.S, China . China, United States

☆ 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

☆ Premarket stocks: Fed Chair Powell is about to get grilled by Congress. Here’s what markets want to hear
▼ + stars: | 2024-03-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Fed Chair Jerome Powell has a chance to provide more insight when he testifies before Congress on Wednesday and Thursday. Those reports pushed back market bets on when the Fed will start cutting interest rates. Investors will closely listen for any hints from Powell about what the Fed is looking for, data-wise, before it begins to lower interest rates. Powell will also be asked about the economic pain Americans are feeling as a result of elevated inflation and interest rates. When interest rates fall, holding income-paying assets (like bonds) becomes less appealing than owning the precious metal.

Persons: Jerome Powell, there’s, ”, Powell, —, Emanuel Cleaver, Dave Sekera, Claudia Sahm, ” Powell, Krystal Hur, Samantha Murphy Kelly, “, ” Mengmeng Zhang Organizations: CNN Business, Bell, New York CNN, Federal, Investors, Missouri Democrat, Politico, Morningstar, Morningstar . New York Community Bank, Fitch, Moody’s Investors Service, Federal Reserve, Costco, Apple, Counterpoint Research, Huawei, Counterpoint Locations: New York, Missouri, Morningstar ., China

☆ Dow tumbles more than 400 points as tech woes rattle Wall Street
▼ + stars: | 2024-03-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Stocks tumbled Tuesday with tech stocks leading the way, continuing to retreat from record highs set last week. The Dow fell 405 points, or 1%, after declining more than 500 points at its session lows. The S&P 500 slipped 1% and the Nasdaq Composite slid 1.7%. That comes after the Nasdaq Composite last week reached a new all-time high for the first time since 2021, while the S&P 500 also surged to a new record high. Other tech stocks fell.

Persons: Stocks, Dow Organizations: New, New York CNN, Nasdaq, Apple, Research, Bloomberg, Meta, Microsoft, Micron Technologies Locations: New York, China

☆ Apple iPhone sales plunge 24% in China as Huawei smartphone business resurges, report says
▼ + stars: | 2024-03-05 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Sales of Apple's iPhone plunged in China in the first six weeks of 2024, according to a Counterpoint Research report. The analyst firm said in a note on Tuesday that iPhone sales plunged 24% in the period, as Apple faced stiff competition from local smartphone firms like Huawei, Oppo, Vivo, and Xiaomi. In particular, Apple came under major pressure from Chinese tech giant Huawei, whose consumer business is experiencing a resurgence in China after the launch of its Mate 60 smartphone. Oppo's smartphone shipments dropped 29% year-on-year, while Vivo and Xiaomi logged drops of 15% and 7%, respectively, according to Counterpoint Research. Huawei smartphone unit shipments rose 64% year-over-year in the first six weeks of 2024, according to Counterpoint Research.

Persons: Apple, Neil Shah, Shah, Arjun Kharpal Organizations: Apple, Research, Huawei, Oppo, Counterpoint Research, CNBC Locations: Yantai, East China's Shandong, China, Vivo, U.S, iPhones

☆ Cramer says Apple stock could fall another 5% from here. He also has no plans to sell it
▼ + stars: | 2024-03-05 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We knew Apple's China market wasn't great. Jim Cramer said the stock could fall another 5% to $160 in its current run of bad form. Jim also maintained his "own it, don't trade it" Apple mantra because the stock is "one of the greatest performers of all times." Apple shares have shed roughly 14.5% from their all-time high of $199.62 each and nearly $3.1 trillion market value on Dec. 14, 2023. The CEO said Apple AI tech is already being used in the Vision Pro mixed reality headset's hand-tracking tool.

Persons: there's, Jim Cramer, Jim, we've, Tim Cook, we're, Cook, Cook's, Jim Cramer's Organizations: Apple, Research, Huawei, Starbucks, European, Big Tech, Barclays, Vision, Management, CNBC Locations: China

☆ Apple iPhones sales fall 24% in China amid competition and headwinds
▼ + stars: | 2024-03-05 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

Analysts from Counterpoint Research said the overall mobile market in China fell by 7% with companies including Apple, Oppo and Vivo experiencing declines. Customers that once would have considered Apple are now turning to national brands, particularly Huawei, Counterpoint said. The stock has fallen about 11.6% this year on concerns about weakening sales, particularly in China. China remains a very important market for Apple as it is the largest market behind the US. “Apple, to its credit, ended the year at number one, which was extraordinary despite headwinds from China,” he said.

Persons: “, ” Mengmeng Zhang, Huawei’s, they’ve, Jeff Fieldhack, Apple, ”, Fieldhack, CNN’s Krystal Hur Organizations: CNN, Apple, Counterpoint Research, Huawei, Counterpoint Locations: China, United States

☆ Here's what tech giants are betting on next — from robot dogs to smartphones you can wear on your wrist
▼ + stars: | 2024-03-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Arjun Kharpal | CNBCThe Mobile World Congress, the world's largest mobile show, is a place where device makers show off some of their latest innovations. Arjun Kharpal | CNBCTecno showed off an augmented reality glasses product with a video game controller attached. Arjun Kharpal | CNBCXiaomi has spent years talking up its smartphones' camera capabilities. Arjun Kharpal | CNBCChinese firm Tecno showed off a robot dog. Arjun Kharpal | CNBC

Persons: Arjun Kharpal, It's, There's, Oppo Oppo, Kharpal, CNBC Tecno, CNBC Xiaomi, German Shepherd, Tecno Organizations: Mobile, CNBC, Congress, Motorola, China's Lenovo, CNBC Lenovo, Samsung Galaxy, Samsung, CNBC Samsung Locations: Barcelona, Spain, Korean, German

☆ Smartphone makers are dreaming of a 'supercycle' driven by AI. Analysts disagree
▼ + stars: | 2024-02-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Samsung has gone big on generative AI with its Galaxy S24 Ultra smartphone. When was the last smartphone supercycle? Smartphone makers have been dreaming of a "supercycle" in their industry, driven by AI, after a bruising few years that saw device sales slow aggressively. 'AI phone era'Major smartphone players are betting that a supercycle is about to happen thanks to AI. "We're right now at the dawning of an entirely new era, an AI phone era," Kitto said.

Persons: Kim Hong, they're, Francisco Jeronimo, Jeronimo, Ben Wood, Wood, James Kitto, Kitto, Brian Rakowski, Rakowski, We've Organizations: Samsung Electronics, Reuters, Reuters BARCELONA –, Samsung, Google, Galaxy, Apple, Financial Times, Mobile, Congress, Huawei, Qualcomm, IDC, Twitter, CNBC, 3G, CCS, Samsung's, Google's, Android Locations: Seoul, South Korea, Reuters BARCELONA, Chertsey , England

☆ China’s Oppo unveils prototype augmented reality glasses with voice assistant as AI hype hits gadgets
▼ + stars: | 2024-02-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Since they are AR glasses, users can see digital content imposed over the real-world view they see in front of them. Oppo, a Chinese firm and one of the world's biggest smartphone makers, announced the Oppo Air Glass 3 at the Mobile World Congress in Barcelona. BARCELONA – Oppo on Monday unveiled a prototype set of augmented reality (AR) glasses with a voice assistant, underscoring how electronics giants are trying to infuse artificial intelligence across their products to stand out. The Air Glass 3 needs to be tethered to an Oppo smartphone. Oppo said that its latest AR glasses are equipped with a voice assistant which is powered by the Chinese tech giant's own large language model (LLM) called AndesGPT.

Persons: Oppo, Alibaba — Organizations: Mobile, BARCELONA, Oppo, Baidu, Tech, Apple, IDC Locations: Barcelona, China

☆ 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

☆ London lags behind rest of Europe when it comes to 5G network quality, report finds
▼ + stars: | 2024-02-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

London falls far behind other major European cities when it comes to the quality of its 5G connection, according to a report shared with CNBC. According to MedUX, Berlin has the best 5G coverage of any European city overall, according to MedUX, with a 89.6% reach. It is also the best city overall for 5G streaming, with average latency of less than 40 milliseconds. Berlin, Barcelona, and Paris scored the highest among European cities on MedUX's overarching 5G quality benchmark. London, on the other hand, was close to the bottom of the ranking for European 5G networks.

Persons: MedUX, Berlin's, Rafael Galarreta, Galaretta Organizations: CNBC, London, Paris, 5G Locations: Reno, London, Europe, Berlin, Barcelona, Paris, Lisbon, MedUX, Milan, Porto, Munich, Germany

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