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Huawei has overtaken Apple in China's tablet market, which grew 4.3% in 2024, reaching 29.85 million units. Despite a Q4 slowdown, Huawei's strategic product launches solidified its top position, while Apple faced shipment declines. Xiaomi surged to third place with a 41% increase in Q4 shipments, driven by new product launches.
Huawei's Watch D2, launched in November 2024, is priced at 2,988 yuan ($409) in China and features blood pressure monitoring and heart rate tracking, qualifying as a medical device under China's insurance system. In the stock market, Tata Motors, Zomato, and HDFC Bank exhibit varying price-to-earnings (P/E) ratios—127, 41, and 19 respectively—reflecting differences in sector maturity and business cycles. A four-day Value and Valuation workshop will explore intrinsic value calculation, financial statement analysis, and valuation techniques, using case studies from notable companies to enhance participants' investment strategies.
Huawei has emerged as the leader in the 2024 Chinese tablet market, achieving a 32.3% market share and a year-on-year growth of 5.7%. Apple follows closely in second place with a 26.6% share, experiencing a decline of 7%. Xiaomi, Honor, and Lenovo round out the top five, with the overall market shipping 29.85 million tablets, reflecting a 4.3% annual growth.
Huawei's Watch D2 has gained popularity in China by being registered as a medical device, allowing consumers to use medical insurance for purchases. This has led to high demand, with some pharmacies requiring pre-orders due to limited availability. In contrast, Apple Watches do not have this status in China, forcing consumers to pay out of pocket.
Huawei is marketing its smartwatches, particularly the Watch D2, as medical devices to boost sales in China. This strategy allows consumers to purchase the device using medical insurance, leading to high demand and sold-out stocks in pharmacies. However, concerns have arisen regarding the appropriateness of labeling multi-feature devices as medical products, prompting potential regulatory scrutiny from the Health Insurance Bureau.
Huawei reported a 22% revenue increase in 2024, reaching 860 billion yuan, driven by a resurgence in smartphone sales and growth in its smart vehicle solutions. The company regained its position as the top smartphone brand in China, capturing 18.1% of the market, and surpassed Samsung in the foldable smartphone segment. Despite challenges from U.S. sanctions, Huawei's HarmonyOS is pivotal for its overseas smartphone ambitions, as it seeks to recover its global presence.
Huawei has boosted smartwatch sales by registering its Watch D2 as a medical device, allowing consumers to use medical insurance funds for purchases. This has led to high demand in pharmacies, with some requiring pre-orders and limiting purchases. However, concerns have arisen over the classification of such devices, prompting regulatory scrutiny in certain cities.
The Hang Seng Index has surged to its highest level since October, driven by renewed interest in technology stocks following the rise of Chinese startup DeepSeek. The index has gained 6% and the Hang Seng Tech Index 12% since early February, with Alibaba's stock jumping 30% after unveiling its AI model, Qwen 2.5 Max. Despite this rebound, Chinese indices remain below 2021 highs, and market sentiment is fragile, though government initiatives to support the stock market could attract more international investment.
Huawei has reported a 22% year-on-year increase in annual revenue, reaching approximately 860 billion yuan ($118 billion), despite stringent US sanctions aimed at curbing its growth. The company's success is attributed to booming smartphone sales and advancements in AI and 5G technology, alongside a growing automotive solutions business. This trend highlights significant gaps in US export controls and suggests that Chinese tech firms are thriving independently of external pressures.
Huawei anticipates reaching ¥860 billion ($118.25 billion) in revenue for 2024, marking a 22% increase from 2023, despite ongoing sanctions. Meanwhile, Japan proposes a bill for proactive cyber-defense measures, and Thailand has cut power to cyber-scam slave camps. In corporate news, Infosys faces backlash over the termination of 700 staff, and Nissan reportedly backs out of a merger with Honda.
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