{ }
Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music media, with telephony products, primarily the iPhone, accounting for 52.3% of sales. Other segments include peripherals (10.4%), computers (7.7%), music media (7.4%), and various services (22.2%). Geographically, sales are led by the Americas (42.4%), followed by Europe-India-Middle East-Africa (24.7%) and China-Hong Kong-Taiwan (18.9%).
UBS has maintained a "Neutral" rating for Apple, setting a price target of $236. Analyst David Vogt noted a 14% year-on-year increase in App Store sales for October, despite challenging comparisons. Apple's net sales are primarily driven by iPhone products, which account for 52.1% of total sales.
The UBS Global Wealth Report 2024 highlights a significant wealth transfer of over USD 84 trillion expected in the next two decades, influencing new collectors' strategies. The Art Basel and UBS Survey reveals stable spending among high-net-worth individuals (HNWIs), with a focus on new and emerging artists, and a notable increase in purchases from new galleries. Despite a decline in average spending, optimism remains high, with 91% of HNWIs confident in the art market's future performance.
Taiwan must enhance its chip technology and supply chain capabilities to maintain its global leadership, according to TSMC's Senior Vice President Cliff Hou. He emphasized the need for accelerated research and development and collaboration with the government to attract foreign partners for design and materials centers in Taiwan.
Taiwan's Economy Minister Kuo Jyh-huei announced that the government will assist companies in relocating production from China. This move comes in response to the anticipated impact of tariffs that incoming U.S. President Donald Trump is expected to impose on China.
Graphcore, the chip designer recently acquired by SoftBank Group Corp., is expanding its workforce by 20%, adding 75 new positions globally. The roles, focused on silicon design and data center engineering, will be located in the UK, Poland, and Taiwan, reflecting SoftBank's ambitions in the semiconductor sector.
Asia-Pacific markets showed mixed results following Donald Trump's election victory, with Taiwan's economy minister indicating support for companies relocating production from China due to anticipated tariffs. The Philippines' GDP growth slowed to 5.2% in Q3, while China's exports surged 12.7% in October, despite a decline in imports. Electric vehicle stocks faced pressure, particularly after Trump's win, with analysts noting potential benefits for traditional automakers like Ford and GM under a less stringent regulatory environment.
Taiwan Semiconductor Manufacturing Co. and GlobalFoundries Inc. have completed negotiations for binding agreements involving billions in grants and loans to support U.S. factories. While the exact timing for signing the agreements and unveiling the incentives remains uncertain, the award amounts align with earlier preliminary agreements.
Qualcomm reported fourth-quarter earnings that surpassed Wall Street expectations, with earnings per share at $2.69 and revenue of $10.24 billion. The company anticipates revenue between $10.5 billion and $11.3 billion for the current quarter, driven by a 12% increase in handset chip sales and significant growth in its automotive and IoT sectors. Under CEO Cristiano Amon, Qualcomm is shifting focus from smartphones to becoming a leader in connected computing and AI technologies.
Dan Loeb's Third Point hedge fund gained 2.7% in October, bringing its year-to-date performance to 18.4%, nearing its best results since 2021. Key contributors included Taiwan Semiconductor Manufacturing and LPL Financial, while Bath & Body Works was a significant detractor. The fund's net long exposure in equities remains around 75%, with major positions in PG&E, Amazon, and UBS, the latter acquired after Credit Suisse's troubles.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.