Apple’s iPhone Dominated China Last Quarter Despite Disruptions
source link: https://finance.yahoo.com/news/apple-iphone-dominated-china-last-090048062.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Apple’s iPhone Dominated China Last Quarter Despite Disruptions
Global Phone Shipments Plunge Most Ever as Consumers Spend Less
(Bloomberg) -- Apple Inc. won its biggest quarterly market share in China, outrunning Covid disruptions and a global economic slowdown.
Most Read from Bloomberg
The Cupertino, California company accounted for nearly 24% of China’s smartphone sales in the last three months of 2022, according to Counterpoint Research data. It topped all manufacturers in the quarter, becoming the second-biggest seller in the country on an annualized basis for the first time, the researchers said. The iPhone maker suffered shipment declines from the previous year, but they were smaller than those of domestic rivals like Vivo, Oppo and Xiaomi Corp.
Read more: Global Phone Shipments Plunge Most Ever as Consumers Spend Less
The global smartphone market has been hurting from an economic slowdown triggered by rising inflation and interest rates. Consumer spending has plummeted, with the Chinese market recording double-digit drops at several points through the year. IDC figures released earlier this week showed all major brands taking a big step back, with retailers selling through inventory buildups rather than taking on new shipments.
Apple saw lower demand for its latest generation of iPhones than it had projected earlier this year. Its iPhone Pro models remained in high demand, but deliveries were challenged by coronavirus lockdowns and worker protests at its Zhengzhou plant in China. The company reports earnings on Feb. 2.
Most Read from Bloomberg Businessweek
©2023 Bloomberg L.P.
- Motley Fool
Why the $4,555 Max Social Security Benefit Is a Fantasy
Even if you can't reach it, understanding how to get the maximum Social Security benefit could help you get closer to it for yourself.
1d ago - 1d ago
- Motley Fool
Why Were Investors So Disappointed With Intel's Q4 Results?
Sales were crashing, earnings turned to losses, and the pain is likely to persist. You can understand why investors were not happy with Intel's (NASDAQ: INTC) fourth-quarter results. *Stock prices used were the afternoon prices of Jan.
10h ago - Motley Fool
If the Fed Beats Inflation in 2023, These 2 Stocks Could Be Big Winners
The stock market would likely move higher if inflation cools off, but these two stocks could be big winners.
13h ago - MoneyWise
‘The world should be worried’: Saudi Aramco — the world’s largest oil producer — issued a dire warning over 'extremely low' capacity. Here are 3 big oil stocks for protection
Energy inflation remains a serious concern. Protect your portfolio.
2d ago - TheStreet.com
Costco Members Must Remember This Key Rule (or Face the Consequences)
Costco has a very simple business model. It sells memberships in exchange for offering members a low-cost, no-frills shopping experience. People pay in order to access the chain's warehouses. Those membership fees provide a significant portion of the chain's profits, allowing Costco to sell its limited selection of merchandise at a lower markup than its rivals.
1d ago - TheStreet.com
Bearish Bets: 3 Sagging Stocks You Should Think About Shorting This Week
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Automatic Data Processing Inc. is rated Buy with a B rating by TheStreet's Quant Ratings.
10h ago - TheStreet.com
With Pfizer Firmly in Value Territory, Here's What Investors Are Missing
The stock is already down about 15% in 2023 as the pharmaceutical giant gets set to report earnings.
8h ago - Motley Fool
Best Stock to Buy: Ford Stock vs. Rivian Stock
Ford (NYSE: F) has a long history of making and selling cars, while Rivian (NASDAQ: RIVN) is only recently ramping up the production of electric vehicles. This video will answer which stock is the better buy.
9h ago - Simply Wall St.
Chevron (NYSE:CVX) Is Increasing Its Dividend To $1.51
Chevron Corporation ( NYSE:CVX ) has announced that it will be increasing its dividend from last year's comparable...
13h ago - MarketWatch
The Fed and the stock market are set for a showdown this week. What’s at stake.
The Federal Reserve and investors appear to be locked in a stare-down. What Fed Chair Jerome Powell says Wednesday could determine the winner.
5h ago - Yahoo Finance
Fed meeting, jobs data, Apple earnings: What to know this week
Wall Street will be buzzing in the week ahead, as earnings from Big Tech, the Federal Reserve’s first meeting of the year, and the monthly jobs report for January set up the busiest week of the new year.
12h ago - Motley Fool
2 Struggling Stocks to Buy Hand Over Fist in 2023 and 1 to Avoid Like the Plague
Teladoc Health (NYSE: TDOC) sank 74% last year -- and for one particular reason. The telemedicine giant reported two billion-dollar noncash goodwill impairment charges. Both were linked to the acquisition of chronic-care specialist Livongo.
13h ago - MoneyWise
Owning real estate for passive income is one of the most common myths in investing — but here are 3 realistic ways to make it work
Thinking about an investment property? You might want to think again.
10h ago - Motley Fool
2 Ultra-High-Yielding Energy Stocks to Buy With $1,000
The energy sector can put a jolt into your passive income these days. Two energy stocks with big-time yields are Energy Transfer (NYSE: ET) and Pioneer Natural Resources (NYSE: PXD). Energy Transfer recently gave its investors another huge raise.
13h ago - Motley Fool
3 Beaten-Down Blue Chip Stocks to Buy Right Now
When some stocks fall, it's best to run for the hills. But when others decline, it's a great buying opportunity. The difference ultimately stems from how strong the companies' underlying businesses are.
14h ago - Motley Fool
4 Splendid Dividend Stocks Yielding 4% (or More) to Buy While They're Still on Sale
There is a silver lining to last year's sell-off: Dividend yields are much higher. Several high-quality dividend stocks now offer yields above 4%, including Crown Castle (NYSE: CCI), Community Healthcare Trust (NYSE: CHCT), Digital Realty (NYSE: DLR), and Realty Income (NYSE: O).
13h ago - TipRanks
TipRanks ‘Perfect 10’ List: These 2 Stocks Flash Hyper-Bullish Signals
With January about to conclude, we’ve come off last year’s bearish trend, and seen solid gains over the first month of the year – 6% on the S&P 500, 11% on the tech-oriented NASDAQ – but that doesn’t mean we’re out of the woods. Inflation remains high, the Fed is still raising interest rates, and there’s still plenty of uncertainty about the course of the Russian war in Ukraine, and what China will do as it moves away from COVID lockdowns. So what to do, to find the right stocks for gains? The m
15h ago - Barrons.com
Giant Swiss Bank Bought Up Intel, Disney, and AT&T Stock. It Sold AMD.
Julius Baer of Zurich raised stakes in Intel, Walt Disney, and AT&T stock, and slashed its investment in Advanced Micro Devices in the fourth quarter.
12h ago - Motley Fool
Best Growth Stock to Buy: fuboTV Stock vs. DraftKings Stock
Growth stock investors are attracted to fuboTV (NYSE: FUBO) and DraftKings (NASDAQ: DKNG) because of their strong top-line momentum. While both are losing money on the bottom line, this video will answer which of these growth stocks is the better one to buy.
2d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK