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Huawei has reclaimed the top position in China's smartphone market with an 18.1% share in Q4 2024, marking a 15.5% growth, while Apple faced an 18.2% sales decline, holding 17.1%. The success of Huawei's Nova 13 and Mate 70 series, along with its self-reliance in chip production, contributed to this turnaround. Despite a slight year-on-year decline of 3.2% in the market for Q4, the overall annual growth for 2024 was 1.5%, with Vivo leading for the year at 17.8%.
Power Nickel Inc. has reported promising assay results from its fall 2024 drilling campaign at the Lion Zone of its Nisk polymetallic project in Quebec, confirming the geological continuity of the mineralized area. Notable intersections include 20.05 meters of 4.29% copper equivalent, with ongoing drilling expected to enhance resource estimates. The company plans to expedite exploration with increased drilling capacity and geophysical surveys to identify new targets.
Barclays has appointed Paul Johnson as the head of equities for Asia Pacific, based in Hong Kong. He will lead the bank's equities business, focusing on equity derivatives, equity-linked financing, and electronic trading, while also overseeing the prime brokerage business. Johnson brings over 20 years of experience, having previously held senior roles at Goldman Sachs and Bank of America.
Deutsche Bank (China) Co., Ltd. and Yonyou Network Technology Co., Ltd. have signed a strategic memorandum of understanding in Beijing to create a new global financial services model centered on Global Treasury Management (GTM). This partnership aims to enhance digital financial services, optimize financial resources, and support the globalization strategies of Chinese enterprises by integrating Yonyou’s treasury management system with Deutsche Bank’s financial system. The collaboration will also focus on developing innovative financial solutions and improving domestic and cross-border payment processes for Chinese companies expanding internationally.
Apple's iPhone sales in China fell by 18.2% in the December quarter, allowing Huawei to reclaim the top spot in the market. This marks the first time since the US ban that Huawei has led, with a 15.5% year-over-year sales increase driven by its Nova 13 and Mate 70 series. The broader smartphone market in China experienced its first sales decline in late 2024.
Apple's iPhone sales in China plummeted 18.2% in the December quarter, marking a significant setback in its largest market after the US. This decline allowed Huawei to reclaim the top spot in the Chinese smartphone market, with its sales rising 15.5% year-on-year, driven by the successful launch of the Nova 13 and Mate 70 series. The drop in China contributed to a global 5% slump in iPhone sales during a crucial shopping period, highlighting challenges with the latest iPhone generation's AI features, which remain largely inaccessible in the region.
Sodexo's recent share price drop has been deemed an overreaction by UBS analyst Ivar Billfalk-Kelly, despite the company's first-quarter results falling short of expectations. He highlights strong sales momentum for the remainder of the year and significant growth opportunities in the foodservice sector, where $360 billion remains internalized by companies. Additionally, he notes that Sodexo's operating profitability growth margin is underestimated, with a projected RO of 5.9% by 2029, and the stock trades at a 45% discount compared to its main competitor, Compass.
Kumar Rakesh, BNP Paribas’ India analyst for IT and automotive, expresses a positive outlook on India's automotive sector, highlighting strong export potential for passenger vehicles and motorcycles. He emphasizes India's increasing attractiveness as a manufacturing hub and shares insights on expectations for the budget impacting the automotive and IT industries.
Huawei, in collaboration with JAC Group, has unveiled the Maextro S800, a luxury EV/EREV aimed at competing with the likes of Mercedes-Maybach. This striking vehicle features design elements reminiscent of high-end brands and boasts impressive performance with a total output of 1,006 horsepower from its triple-motor setup.Pre-orders for the S800 began in November, with prices ranging from 1 to 1.5 million yuan ($136k – $205k USD), reflecting its premium positioning in the market. The interior is expected to showcase advanced technology and luxury materials, aligning with the latest trends in Chinese automotive design.
Deutsche Bank has raised its price target for Tesla (TSLA) from $370 to $420, citing growth potential in robotaxis, robotics, and vehicle deliveries by 2025. The anticipated launch of the robotaxi service in California and Texas, along with new vehicle models, underpins this optimistic outlook, despite potential risks from EV demand softness and regulatory scrutiny. The bank maintains a "buy" rating, reflecting confidence in Tesla's long-term growth prospects.
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huawei regains top position in china smartphone market as apple declines
08:00 21.01.2025
Power Nickel reports promising drill results at Nisk project Lion Zone
07:40 21.01.2025
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deutsche bank and yonyou forge partnership to enhance global financial services
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07:32 21.01.2025
huawei surpasses apple in china as iphone sales decline sharply
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07:17 21.01.2025
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07:14 21.01.2025
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07:00 21.01.2025
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06:20 21.01.2025
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05:46 21.01.2025
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05:20 21.01.2025
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