China Market Fall
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Volkswagen's Skoda To Exit Chinese Market By 2026 Due To Falling Sales
Skoda will exit China by mid-2026 after sales collapsed amid the EV shift, with the brand now prioritising India and Southeast Asia for future growth.
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No Tourists From West Due To Iran-US War, Bali Looks At India And China
Bali typically receives around 800 visitors a day from Middle Eastern countries, but the island is witnessing a fall in tourist numbers due to the ongoing Iran-Israel war.
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Apple's iPhone Shipments in China Slide Nine Percent in First Quarter
Apple's shipments of smartphones in China slumped nine percent in the first quarter from a year earlier. The iPhone-maker saw shipments fall to 9.8 million phones, giving it a market share of 13.7 percent in China.
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Bitcoin Falls to $94,000 as Market Sees Over 9 Percent Drop Following Trump's New Tariff Decisions
US President Donald Trump has announced new tariffs on imports from China, Mexico, and Canada, triggering heightened volatility in the crypto market over the weekend. As a result, most cryptocurrencies, including Bitcoin and Ether, are trading in the red on Monday, February 3. Over the past 24 hours, the total cryptocurrency market capitalisation h...
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Trump Tariffs Offset Budget Boost, Rupee Hits Record Low, Markets Crash
The Indian shares tumbled after Donald Trump imposed massive tariffs on Canada, China and Mexico over the weekend, sparking fears of a broader trade war.
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Apple Supplier Foxconn Expects Quarterly Sales to Fall as iPhone Doubts Grow
Hon Hai Precision Industry warned of its fourth consecutive decline in quarterly sales after a 5.4 percent slide in the last three months of 2023 suggested consumer electronics demand remains muted.
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US Judge Rejects Apple's Bid to Throw Out Lawsuit That Accuses CEO Tim Cook of Defrauding Shareholders
A US judge has rejected Apple's bid to throw out a class-action lawsuit led by a British pension fund that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China.
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Lenovo Quarterly Revenue Falls 24 Percent as PC Demand Continues to Slump
China's Lenovo Group on Wednesday reported a 24 percent fall in revenue for the January-March quarter, meeting market expectations, as demand for personal computers (PCs) continued to slump.
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Apple, Android Rivals First-Quarter Sales Slide in China as Smartphone Shipments Fall 11 Percent YoY
The iPhone maker was the top-selling brand over the first three months of the year, with 20 percent market share. But its overall shipments in China fell to 13.3 million units, a 3 percent decrease from the same period in 2022.
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iPhone 14 Pro Shipments Could Fall 20 Million Units Short of Market Estimates After China Factory Unrest: Kuo
iPhone 14 Pro and iPhone 14 Pro Max model shipments could be hit due to the recent protests at Foxconn iPhone facility in China, according to TF Securities analyst, Ming-Chi Kuo. The iPhone 14 Pro model production could be miss market estimates by up to 20 million units in Q4 2022, Kuo says, while supply shortfall for iPhone 14 Pro models could era...
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China Saw 11 Percent Fall in Smartphone Shipments in Q3 2022, 70 Million Phones Shipped: Canalys
China smartphone shipments fell by 11 percent year-on-year in the third quarter, according to data from research firm Canalys. A total of 70 million smartphones were shipped to sellers during this period, and Apple was the only brand to buck the trend, with shipments jumping 36 percent to 11.3 million units, according to analysts.
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Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
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Chip Manufacturer Stocks Fall Globally as Taiwan Tensions Mount Ahead of Expected Nancy Pelosi Visit
Chip manufacturer stocks fell in global markets on Tuesday, in a fresh escalation of tensions between the US and China, ahead of an expected visit by US House of Representatives Speaker Nancy Pelosi to Taiwan. Semiconductor stocks globally felt the heat, including TSMC, United Microelectronics, Infineon, Intel, Qualcomm, Micron, and Nvidia.
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Microsoft Q2 Earnings Fall Short of Expectations Amid China Production Holdups, Strong Dollar Hits Sales
Microsoft’s second quarter earnings fell shy of expectations, the tech giant announced on Tuesday. The announcement comes on the back of production holdups in China in May, and weakening demand for PCs among users. The company also said that the earnings dive was due to foreign exchange rates and shutdowns of PC factories in China. However, Micro...
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Tesla Braces for Q2 Earnings Hit as Analysts Expect 8 Percent Decline Over Previous Quarter
Tesla is expected to report a hit in earnings on Wednesday, after the strain of the ongoing coronavirus pandemic that led to lockdowns in China and protracted startups of new EV factories. The company has already begun laying off employees amid a fall in market value and rising competition from other electric vehicle manufacturers, and analysts say...
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Volkswagen's Skoda To Exit Chinese Market By 2026 Due To Falling Sales
Skoda will exit China by mid-2026 after sales collapsed amid the EV shift, with the brand now prioritising India and Southeast Asia for future growth.
-
No Tourists From West Due To Iran-US War, Bali Looks At India And China
Bali typically receives around 800 visitors a day from Middle Eastern countries, but the island is witnessing a fall in tourist numbers due to the ongoing Iran-Israel war.
-
Apple's iPhone Shipments in China Slide Nine Percent in First Quarter
Apple's shipments of smartphones in China slumped nine percent in the first quarter from a year earlier. The iPhone-maker saw shipments fall to 9.8 million phones, giving it a market share of 13.7 percent in China.
-
Bitcoin Falls to $94,000 as Market Sees Over 9 Percent Drop Following Trump's New Tariff Decisions
US President Donald Trump has announced new tariffs on imports from China, Mexico, and Canada, triggering heightened volatility in the crypto market over the weekend. As a result, most cryptocurrencies, including Bitcoin and Ether, are trading in the red on Monday, February 3. Over the past 24 hours, the total cryptocurrency market capitalisation h...
-
Trump Tariffs Offset Budget Boost, Rupee Hits Record Low, Markets Crash
The Indian shares tumbled after Donald Trump imposed massive tariffs on Canada, China and Mexico over the weekend, sparking fears of a broader trade war.
-
Apple Supplier Foxconn Expects Quarterly Sales to Fall as iPhone Doubts Grow
Hon Hai Precision Industry warned of its fourth consecutive decline in quarterly sales after a 5.4 percent slide in the last three months of 2023 suggested consumer electronics demand remains muted.
-
US Judge Rejects Apple's Bid to Throw Out Lawsuit That Accuses CEO Tim Cook of Defrauding Shareholders
A US judge has rejected Apple's bid to throw out a class-action lawsuit led by a British pension fund that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China.
-
Lenovo Quarterly Revenue Falls 24 Percent as PC Demand Continues to Slump
China's Lenovo Group on Wednesday reported a 24 percent fall in revenue for the January-March quarter, meeting market expectations, as demand for personal computers (PCs) continued to slump.
-
Apple, Android Rivals First-Quarter Sales Slide in China as Smartphone Shipments Fall 11 Percent YoY
The iPhone maker was the top-selling brand over the first three months of the year, with 20 percent market share. But its overall shipments in China fell to 13.3 million units, a 3 percent decrease from the same period in 2022.
-
iPhone 14 Pro Shipments Could Fall 20 Million Units Short of Market Estimates After China Factory Unrest: Kuo
iPhone 14 Pro and iPhone 14 Pro Max model shipments could be hit due to the recent protests at Foxconn iPhone facility in China, according to TF Securities analyst, Ming-Chi Kuo. The iPhone 14 Pro model production could be miss market estimates by up to 20 million units in Q4 2022, Kuo says, while supply shortfall for iPhone 14 Pro models could era...
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China Saw 11 Percent Fall in Smartphone Shipments in Q3 2022, 70 Million Phones Shipped: Canalys
China smartphone shipments fell by 11 percent year-on-year in the third quarter, according to data from research firm Canalys. A total of 70 million smartphones were shipped to sellers during this period, and Apple was the only brand to buck the trend, with shipments jumping 36 percent to 11.3 million units, according to analysts.
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Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
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Chip Manufacturer Stocks Fall Globally as Taiwan Tensions Mount Ahead of Expected Nancy Pelosi Visit
Chip manufacturer stocks fell in global markets on Tuesday, in a fresh escalation of tensions between the US and China, ahead of an expected visit by US House of Representatives Speaker Nancy Pelosi to Taiwan. Semiconductor stocks globally felt the heat, including TSMC, United Microelectronics, Infineon, Intel, Qualcomm, Micron, and Nvidia.
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Microsoft Q2 Earnings Fall Short of Expectations Amid China Production Holdups, Strong Dollar Hits Sales
Microsoft’s second quarter earnings fell shy of expectations, the tech giant announced on Tuesday. The announcement comes on the back of production holdups in China in May, and weakening demand for PCs among users. The company also said that the earnings dive was due to foreign exchange rates and shutdowns of PC factories in China. However, Micro...
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Tesla Braces for Q2 Earnings Hit as Analysts Expect 8 Percent Decline Over Previous Quarter
Tesla is expected to report a hit in earnings on Wednesday, after the strain of the ongoing coronavirus pandemic that led to lockdowns in China and protracted startups of new EV factories. The company has already begun laying off employees amid a fall in market value and rising competition from other electric vehicle manufacturers, and analysts say...
