Tag Archives: Apple

Latest News about Apple in China, financial news and Business analysis overview of the Chinese high Tech market expert based in China : Doug Young

SMARTPHONES: Lenovo Starts Rebuilding Year with Samsung Poach

Bottom line: Lenovo could reverse its smartphone decline this year under a new leadership team anchored by a respected company veteran, though chances of success are relatively low due to stiff competition and magnitude of the task.

Lenovo nets former Samsung smartphone exec

My first post in the new lunar Year of the Rooster seems like a good time to look at the ultra-competitive smartphone market, and what may lie ahead for the embattled Lenovo (HKEx: 992) as it seeks to regain its footing in the space. CEO Yang Yuanqing has made repeated overhauls of his mobile devices division, including the naming of longtime executive Gina Qiao to try and turn the division around late last yaer. Now the latest reports are saying that Qiao has made one of her first big moves in that post by hiring an executive from rival producer Samsung (Seoul: 005930). Read Full Post…

SMARTPHONES: Apple Weighing iPhone Move Back to US?

Bottom line: Apple’s reported decision to study moving some iPhone production to the US could have been a form of contingency planning, but is unlikely to happen unless a major trade war breaks out between the US and China.

Apple reportedly eyes US iPhone production

The headlines have been buzzing these past few days over reports that global tech giant Apple (Nasdaq: AAPL) might be considering moving some of its iPhone production from China to the US. The original report comes from a respectable Japanese publication, and at least on the surface seems somewhat logical in light of Donald Trump’s surprise win in the US presidential election.

After all, Trump, among other things, has been quite vocal on getting companies like Apple to manufacture in the US. He’s also promised to slap a generic 45 percent tariff on goods made in China. Never mind that goods imported from China and elsewhere fall under a wide range of categories, each subject to different tariff rates. Trump is known for throwing out random thoughts, even when they’re far from practical or connected with reality. Read Full Post…

VIDEO: LeEco Powers Into US with Phones, TVs and Lionsgate

Bottom line: LeEco’s new US launch for its TVs, smartphones and video service is almost guaranteed to fail due to underwhelming product offerings and stiff competition.

LeEco launches phones, TVs in US

A year after opening its US e-commerce site, online video superstar LeEco (Shenzhen: 300104) has finally launched some of its leading products in the world’s biggest but also one of its most competitive markets. LeEco, formerly known as LeTV, announced it will start selling its smartphones and smart TVs in the US, as well as a new customized version of its core online video service. My main response to this aggressive and ambitious push is: Good luck!

I’ve been a big LeEco doubter for a while now, since the company has gone from relatively obscurity to superstar in just a couple of years through a series of aggressive expansions fueled mostly by taking on new investors and selling its overvalued stock. Its name change from LeTV to LeEco nicely summarizes its aspirations, since the company now bills itself as developer of an ecosystem that delivers entertainment content over a range of devices and services. Read Full Post…

SMARTPHONES: Huawei in Late-Year Surge, As Apple Tries to Halt Skid

Bottom line: Apple will need to lower its prices to stabilize its position in China, while Huawei could also soon face pricing pressure due to growing challenges from up-and-comers like Oppo and Vivo.

Huawei’s sales surge in Q3

Two of China’s top smartphone brands have been in the headlines in recent days, spotlighting a rapid ascension of the homegrown Huawei and the equally rapid decline of global giant Apple (Nasdaq: AAPL).

On the upside of the story, the surging Huawei announced it recently passed the 100 million mark in smartphones produced this year, reaching the milestone two months faster than in 2015. Meantime, Apple’s CEO was in China for at least the third time this year, announcing a new research and development center in a push to revive his company’s fast-fading position in its largest market after the United States. Read Full Post…

SMARTPHONES: Apple’s Cook Back in China with New R&D Center

Bottom line: Tim Cook’s latest China trip and his announcement of a new R&D center in Shenzhen are part of a campaign to boost Apple’s profile and should help to stabilize its sliding position in the market.

Apple’s Tim Cook back in China

Apple CEO Tim Cook just can’t seem to get enough of China, with word that he’s back in the world’s largest smartphone market just 2 months after his last visit. But unlike past visits, which were mostly confined to bureaucratic Beijing, Cook was in the far more entrepreneurial city of Shenzhen this time, where he attended an innovation conference and announced Apple would open a new R&D center. Read Full Post…

China News Digest: October 13, 2016

The following press releases and news reports about China companies were carried on October 13. To view a full article or story, click on the link next to the headline.
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  • Apple (Nasdaq: AAPL) to Set Up R&D Center in Shenzhen, Bolster China Ties (English article)
  • Baidu (Nasdaq: BIDU) Forms 20 Bln Yuan Internet Project Investment Fund (English article)
  • Supermarket Operator RT-Mart Closes Stores for First Time in 19 Years (Chinese article)
  • GM (NYSE: GM) Ventures into China Car-Sharing with App Developer Investment (English article)
  • Sky-mobi (Nasdaq: MOBI) Announces Shareholder Meeting to Vote on Privatization (PRNewswire)

VIDEO: Armed With Vizio, China’s LeEco Eyes US Smartphone, TV Markets

Bottom line: LeEco’s major new push into the US smart TV market could achieve some success due to its recent Vizio purchase, though its concurrent smartphone drive will be a dud due to lawsuits and mediocre product quality.

LeEco revs for US smart TV launch

Watch out, Comcast (Nasdaq: CMCSA) and Apple (Nasdaq: AAPL). Chinese online video superstar LeEco (Shenzhen: 300104) is taking direct aim at the lucrative US online video and smartphone markets, with plans for major new product launches later this month. I’ll admit I’m doing a bit of educated guessing here, since the company  formally known as LeTV hasn’t made any formal announcements yet on its US ambitions.

But  all the signs certainly point in that direction, following LeEco’s headline-making $2 billion July purchase of Vizio, a struggling maker of cheap, no-name TVs that is one of the biggest and also most obscure names in the huge US market. Added to that is  LeEco’s  recent issue of invitations to an event set for October 19  in San Francisco, where it says it will announce its “disruptive vision of a connected ecosystem of content-driven smart devices to the US market.” (English article) Read Full Post…

China News Digest: September 29, 2016

The following press releases and news reports about China companies were carried on September 29. To view a full article or story, click on the link next to the headline.
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  • China Postal Savings Bank (HKEx: 1658) Fails to Make Waves in $7.4 Bln HK Debut (English article)
  • New Century Cruise (Shenzhen: 002558) to Buy Mobile Games Business Playtika (English article)
  • Fosun (HKEx: 656) Joins First Public-Private Funded High-Speed Rail Line Group (Chinese article)
  • Apple (Nasdaq: AAPL) Picks Beijing for First China R&D Center, to Invest 300 Mln Yuan (Chinese article)
  • Baidu (Nasdaq: BIDU) Self-Driving Car to Debut in 2018, Cost More Than 1 Mln Yuan (Chinese article)

SMARTPHONES: Lenovo Slashes Moto, Xiaomi Goes Further Offline

Bottom line: Lenovo’s big job cuts at Motorola could auger a write-off of the brand in the next half year, while Xiaomi’s huge offline expansion looks necessary but will further undermine its trendy high-tech image.

Lenovo slashes jobs at Moto

Two former smartphone high-flyers are in the headlines today, with PC giant Lenovo (HKEx: 992) and Xiaomi both taking steps to try and regain their former glory. Lenovo’s move looks like a major retreat for its struggling Motorola brand, which has just slashed more than half of its staff. Meantime, Xiaomi has just rolled out two higher-end models in a bid to go upscale. But what caught my attention were details of the company’s plans to sharply boost its offline presence in the latest reports.

Both stories reflect companies in transition, after each tumbled from the ranks of China’s top smartphone brands due to failure to build a loyal customer base. Lenovo bought Motorola for $2.9 billion 2 years ago and was hoping to position the faded brand as its premium product line. Meantime, Xiaomi skyrocketed to fame 3 years ago partly on an online-only sales model that helped it control costs and position itself as a trendy, cutting-edge brand. Read Full Post…

China News Digest: September 28, 2016

The following press releases and news reports about China companies were carried on September 28. To view a full article or story, click on the link next to the headline.
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  • Lenovo (HKEx: 992) Cuts 1,000, Including More than Half of Motorola Staff (Chinese article)
  • Blizzard, NetEase (Nasdaq: NTES) Renew Operation Agreement in China (PRNewswire)
  • Paid Q&A Service Fenda Reappears After 47 Day Pause, Only Offers Medical Advice (Chinese article)
  • Starbucks (Nasdaq: SBUX), Master Kong in Tie-Up for Drinks from 10 Yuan (Chinese article)
  • Xiaomi Guns for Apple (Nasdaq: AAPL) With Latest Premium Smartphone (English article)

FINANCE: PayPal Edges Closer to China with UnionPay Tie-Up

Bottom line: A new global tie-up between UnionPay and PayPal could auger another alliance by the end of the year that would allow the US company to launch a domestic electronic payments service in China by the end of this year.

PayPal in tie-up with UnionPay

In what must certainly be one of the slowest marches to China of all time, US electronic payments giant PayPal (Nasdaq: PYPL) has just formed a tie-up with UnionPay, operator of China’s largest electronic transactions settlement network. On reading the headline I thought that PayPal had finally cracked the market for domestic transactions in China, following more than a decade of trying to enter the lucrative business. But it turns out the new tie-up only covers cross-border transactions and is mostly for UnionPay’s benefit, meaning PayPal is still being locked out of the domestic China market. Read Full Post…