News Flash: Apple Shares in China Smartphone Market Fall to 21.6% in 1H20: Survey

The usage of android system made up almost 80% of smartphone market shares in China in 1H20, among which Huawei's expanded 4.7 ppts yearly to 26.3%, according to an observation report of QuestMobile, a surveyor in China.

Meanwhile, Apple's market shares narrowed 1.9 ppts to 21.6%, the report said. OPPO, Vivo and XIAOMI-W (01810.HK) accounted for 19%, 16.6% and 9%.

Source: AAStocks

Apple in recent years has not been the market leader in terms of their phone sales but their accessories like Airpod, Ipad has been doing pretty well. Looking at the product line, iPhones are pretty much stagnant while the other Chinese brands are really pushing as many functions as possible, which leads to Apple now looking to diversify into the software portion like payments, apple TV app etc. 

Judging from what the US government is doing to the Chinese companies, Apple might be the first to face the wrath of the Chinese government with the earlier post on one of the Chinese companies suing Apple on Siri. 

Disclaimer: Whatever posted here is purely my personal view. It is not an inducement to trade and not responsible for any losses. Tips and News might just be rumors in the market. I take no responsibility for any gains or losses as a result of reading my analyses, judgement and opinions. Trade with care and diligence please!

News Flash: Apple Removes Nearly 30K Apps from CN App Store, Mostly Games

On Saturday, Apple had removed 29,800 apps from Chinese App Store, covering over 26,000 games, as Reuters quoted the data from China's Qimai.

Apple had in February noticed the game developers that it would execute Chinese request to put down any non-approved games by the PRC from August.

Source: AAstocks

Looks like the US government is pushing some buttons on the Big Tech companies to make life difficult for the Chinese. This might not do so well for Apple in their pursuit for revenue and may benefit Tencent in its quest to dominate the mobile gaming industry with Android although we are not sure what/how Google is going to deal with its Android software in China. 

We know that Huawei is the primary target however we need to remember there are other mobile brands in China which still have full access to Android like Oppo, Xiaomi. 

Disclaimer: Whatever posted here is purely my personal view. It is not an inducement to trade and not responsible for any losses. Tips and News might just be rumors in the market. I take no responsibility for any gains or losses as a result of reading my analyses, judgement and opinions. Trade with care and diligence please!

Apple breaking all time highs..

US Markets were very choppy during the opening when Dow and S&P swing to negative territory and eventually closing positive. 

Apple, Amazon and Facebook was the clear winner of the night with Apple going up as high as 10.47%. Apple has also surpassed Saudi Aramco to become world’s most valuable company.

Source: CNBC

Apple CEO Tim Cook greets attendees during a special event on September 10, 2019 in the Steve Jobs Theater on Apple’s Cupertino, California campus.

Justin Sullivan | Getty Images

Disclaimer: Whatever posted here is purely my personal view. It is not an inducement to trade and not responsible for any losses. Tips and News might just be rumors in the market. I take no responsibility for any gains or losses as a result of reading my analyses, judgement and opinions. Trade with care and diligence please!

Apple’s China iPhone sales jump 225% in the second quarter as recovery continues

News Flash: 

Apple was the fastest-growing smartphone maker in China in the second quarter, bucking the overall decline in the world’s second-largest economy, according to research data.

The sell-through volume for iPhones in China was 7.4 million units in the April to June quarter, a 32% growth year-on-year, according to Counterpoint Research. Sell-through refers to iPhones that go to Apple’s retail partners and is a close gauge to actual sales to consumers.

In comparison, Chinese phone maker Huawei saw sell-through volumes of 36.6 million units, or up 14% compared to a year ago. Apple sells significantly fewer phones than Huawei in China.

Source: CNBC

Disclaimer: Whatever posted here is purely my personal view. It is not an inducement to trade and not responsible for any losses. Tips and News might just be rumors in the market. I take no responsibility for any gains or losses as a result of reading my analyses, judgement and opinions. Trade with care and diligence please!

My view on Apple:

It has been a significant run for Apple since the February highs and March lows and relentlessly moving up to its all time high at $399.82, which is close to the $400 psychological mark.

Using the Fibonacci indicator as a guideline, it was close to its 161.8% mark and started to retrace back to the 150% mark. If it starts to consolidate at this range, it might position itself for a higher up move. Looking at the recent market moves in Nasdaq, the consolidation range might be touching $371 which is at the 138.2% mark.

Long term trend is still up.

* I do not own any Apple shares currently.