IPhone sales may fall by 30% due to the withdrawal of WeChat

News

IPhone sales may fall by 30% due to the withdrawal of WeChat

12.08.2020 News

The American corporation Apple is threatened with a drop in profits from smartphone sales by 25-30% if the company removes the WeChat application from the App Store worldwide.

This statement was made by a well-known expert on the gadget market Ming-Chi Kuo.

According to his forecasts, the WeChat application is used by users in China not only for communication, but also to pay for purchases, travel, and other daily needs.

Currently, it is unknown how Apple will react to the decree of the US State Department to remove WeChat from App Store. If the company removes it from the virtual store, it will become inaccessible to users around the world. This can lead to a drop in sales of phones iPhone by 25-30%, analysts predict.

In this edition MacRumors says that there is an alternative perspective. Apple can remove the WeChat app only from the US App Store. Then the drop in sales will be 3-6%.

Analyst Ming-Chi Kuo advises not to invest money in companies that fall into the supply chain of Apple. In particular, you should be more careful with investments in LG Innotek and Genius Electronic Optical.

Other articles

  • Apple announced the third presentation since the beginning of the year
    News

    Apple announced the third presentation since the beginning of the year

    Apple has announced that it will hold a presentation of new products next week – the third since the beginning of 2020. According to the company’s website, the event will be broadcast from the head office in California on Tuesday, November 10. The company announces the event with the words “One More Thing”. This phrase, […]

  • Amazon reported a 37% increase in revenue
    News

    Amazon reported a 37% increase in revenue

    Shares of Amazon, which rose by 73.8% since the beginning of the year (more than the growth of Apple, Microsoft, Google and Facebook), fell 2% after closing trading on Thursday, when the company released a report for the 3rd quarter, which ended September 30. Amazon set a new revenue record, e-commerce increased sales by 57% […]

  • Twitter shares fell more than 17%
    News

    Twitter shares fell more than 17%

    According to trading data, securities of the microblogging service Twitter Inc. after the close of the main trading session in the US fell in price by more than 17%, also according to financial statements, in the red were the shares of US technology giants Amazon, Apple and Facebook, only Alphabet reporting pleased investors. Thus, shares […]

  • Samsung Electronics came in first in the world in sales of smartphones
    News

    Samsung Electronics came in first in the world in sales of smartphones

    South Korean company Samsung Electronics in the third quarter of this year took first place in the global smartphone market. This was reported on Friday by KBS, citing data from the international research company Counterpoint Research. According to this data, during this period, Samsung controlled 22% of the world market. In second place is the […]

  • Apple’s quarterly revenue broke the record
    News

    Apple’s quarterly revenue broke the record

    American gadget manufacturer Apple Inc. in July-September reduced net income to $ 12.67 billion, or $ 0.73 per share, compared to $ 13.68 billion, or $ 0.76 per share, for the same period in 2019. Stock analysts forecast a rate of $ 0.71 per share. Apple’s quarterly revenue grew 1% year on year to $ […]

  • Apple has intensified its work on a competitor to Google search
    News

    Apple has intensified its work on a competitor to Google search

    Apple has intensified work on its own search service, which will become a competitor to Google, writes the Financial Times, citing interlocutors in the mobile industry. One of the signs of this, the interlocutors called the fact that after updating the iOS operating system, Apple began to show its own search results and provide direct […]

  • Apple, Alphabet, Facebook and Amazon report earnings this week
    News

    Apple, Alphabet, Facebook and Amazon report earnings this week

    In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]

  • Microsoft topped the ranking of the most responsible employers
    News

    Microsoft topped the ranking of the most responsible employers

    Created by Bill Gates, Microsoft third time topped the annual ranking of the 100 most responsible US corporations. This was announced by Forbes on Wednesday, October 14. Also in the top five of the updated list, in addition to Microsoft, included only technological giants – NVIDIA, Apple, Intel Alphabet. “Forbes compiled the rating together with […]

Read also

IPhone sales may fall by 30% due to the withdrawal of WeChat
News

Billionaires have increased their wealth to $ 10.2 trillion

At the end of July 2020, the dollar billionaires owned a record $ 10.2 trillion. This is evidenced by the results of a joint study by consulting and auditing company PwC and UBS Bank, published on Wednesday, October 7. The previous peak of $ 8.9 trillion was recorded in 2017. Now the number of billionaires […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
Analytics

Business is a sneaks ruthless policy hostage

The policy of GFS of Ukraine,  directed to the problem resolution of central government budget deficit doesn’t promote business development at all. Entrepreneurs ring the alarm bells! Despite the moratorium of  business checks conducting , the expiring year has remembered by just improbable  actions activation of the Public fiscal service of Ukraine. From practice As […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

Mondelez International Company evading taxes in the UK amounting to £ 2 billion.

Sunday Times newspaper has investigated and reported as Mondelez International (formerly known as Kraft Foods)-the biggest in North America and the second largest worldwide producer of food avoid paying taxes. According to the Sunday Times, the Cadbury owner – Mondelez International Company (formerly known as Kraft Foods), legally evaded taxes in the amount of tens […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

Ukraine, IMF and $ 1 billion: who owes whom?

In the current 2017 the debt amount that is obligated to return Ukraine to the International Monetary Fund is $ 1 billion. Given the fact that the state at present is in anticipation of the next transfer of credit funds from the Fund, in fact, it will be “shifted from one pocket to other”. This […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

Saudi Aramco is preparing to place up to five tranches of dollar Eurobonds

The state corporation Saudi Aramco is preparing to place dollar Eurobonds, a source in banking circles said. According to him, the company is considering the possibility of placing up to five tranches of Eurobonds: with a maturity of three years, five years, ten years, as well as thirty and / or fifty years. Starting on […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

LNZ Group invests over 20 million UAH in the social sphere

The LNZ Grour company invested more than 25 mln. UAH in the social sphere of Shpolyansky district in Cherkasy region in 2015. In this region is concentrated the main production of the enterprise. The same amount for social needs LNZ Grour plans to invest in 2016. As said Anatoly Tkachenko, the director of Lebedinsky plant  (the […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

The public prosecution office accuses “Kyivstar” in tax dodging by 2.3 billion UAH

The officials  of the mobile operator “Kyivstar”  deliberately evaded of the payment of taxes in the amount of over 2.3 billion UAH  by the fictitious business operations in 2014, testify the conclusions of the inspection. This is stated in the message of the management of public relations and mass media to the General Prosecutor of […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

The Moderna vaccine has been tested. It can be approved at an accelerated rate

Reuters reported, In Switzerland, the procedure of accelerated testing of Moderna vaccine has started. This will allow to approve the drug if it passes all clinical trials. “Swissmedic can get an initial idea of the benefits and risks of vaccine candidates before the study is completed. This speeds up the review process and at the […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
Analytics

Results of the survey on lawyer.ua: corporate lawyer competence

In every company sooner or later there comes a time when the manager asks a question of legal support for business. Solutions may be very different: someone delegate such powers to accountant and it really works, it is true, as long as does not need an expert with deeper legal competence, and someone is trying […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

Fintech’s subsidiary Alibaba has aimed for the largest IPO in history

A subsidiary of Alibaba Group – Ant Group – plans to attract $ 35 billion in the course on the Shanghai and the Hong Kong exchange. This was reported by Bloomberg. The IPO could be the largest in history, the agency emphasizes. The previous record holder, Saudi oil company Aramco, raised $ 29.4 billion. The […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

The supervisory authorities have fined the operator Orange for the record sum of € 350 million

Regulators fined the largest French mobile operator – The Orange Company in the amount of € 350 million. The reason for the fine is the abuse of a dominant market position. The supervisory authorities of France conducted an investigation and determined that since the early 2000, Orange fraudulently suppressed the competition in their field. The […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

Bitcoin exchange rate exceeded $ 47 thousand for the first time

According to CoinDesk, the price of the most popular cryptocurrency – bitcoin – has updated the historical maximum three times in a few hours, exceeding 47 thousand dollars. Thus, the value of one coin reached its peak on the night from Monday to Tuesday, February 9, and amounted to 47,143 dollars. In general, over the […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

Delta Air Lines intends to lay off about two thousand pilots

During the pandemic, Delta lost three-quarters of its revenue over the same period last year. The company can avoid layoffs if management and the trade unions will be able to conclude an agreement to cut costs, and the White House will continue to provide subsidies to airlines. Currently, the airline employs 11,200 pilots. Back in […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

Twitter shares fell more than 17%

According to trading data, securities of the microblogging service Twitter Inc. after the close of the main trading session in the US fell in price by more than 17%, also according to financial statements, in the red were the shares of US technology giants Amazon, Apple and Facebook, only Alphabet reporting pleased investors. Thus, shares […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

Chipotle shares fall rapidly after a scandal over substandard products

This week Chipotle (Chipotle Mexican Grill) closed another restaurant, this time in Boston, after a large number of students were poisoned by food. Questions of consumers about quality of products in Chipotle grow. Similar cases have been seen in other states, when people feel bad after a visit to Chipotle.  Food scandal confused the investors […]

Next
IPhone sales may fall by 30% due to the withdrawal of WeChat
News

An analogue of a Turkish drone is expected in Ukroboronprom

The Ukrainian Sokil-300 drone is an analogue of the Turkish Bayraktar and it may join the army next year. The head of Ukroboronprom Igor Fomenko announced it in an interview with RBC-Ukraine. “This is an analogue of the same Turkish Bayraktar. With funding it may already be adopted in a year,” he said. Fomenko says […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com