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Trade War

Analyst: iPhone sales fall in China due to coronavirus, but Apple less affected than others Trade War

Analyst: iPhone sales fall in China due to coronavirus, but Apple less affected than others

As Apple itself implied was the case in an investor note last week, iPhone sales are taking a hit in China due to the ongoing coronavirus situation. In a new investor note today, UBS analysts estimate that iPhone sales fell 28% during January. As reported by Bloomberg, the UBS analysts…
bubmag
February 24, 2020
Huawei claims its Google Play replacement is in ‘top 3’ app stores after Trump turns off tap to the Chocolate Factory Trade War

Huawei claims its Google Play replacement is in ‘top 3’ app stores after Trump turns off tap to the Chocolate Factory

The re-badged progressive web apps should help fill it out a bit Huawei is boasting of some encouraging stats for its Google Play replacement after the Trump administration stopped the Mountain View giant doing business with the Chinese comms bogeyman. Last year, Huawei's worldwide handset business took a body blow…
bubmag
February 24, 2020
HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Honk Kong Trade War

HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Honk Kong

These days, markets forgive and forget anything except the suspension of share buybacks. By Nick Corbishley, for WOLF STREET: Global banking behemoth HSBC’s net profit slumped 53% in 2019, to $5.97 billion, after the lender announced a $7.3 billion write-off to reflect weakened conditions in global banking and markets, and European commercial…
bubmag
February 19, 2020