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

Big business has increased budget allocations

Ukrainian large taxpayers transferred UAH 362.3 billion in tax payments to the state budget in January-November 2020. According to the press service of the Office of Large Taxpayers of the State Tax Service, this is 11% more than in the same period last year. The share of tax payments from large businesses served by the […]

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

The largest European low-cost airlines Ryanair will get into the Ukrainian market

Sources say that the air carrier is considering the Ukraine as an addition to its major markets. The largest European low-cost airlines Ryanair sizes up the Ukrainian market of air transportation, in particular, the discussions with Lviv are underway. This was announced in an interview to the forbes.net.ua by the Commercial Director of the airlines, […]

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

Panasonic intends to invest $ 150 million into the development of AI

Panasonic has announced plans to invest $ 150 million in machine learning technology and artificial intelligence systems based on neural networks. The Japanese electronics manufacturer plans to invest part of the funds allocated under the venture fund Conductive Ventures II in promising developers of software and equipment for various industries, incl. autopilot, finance, digital healthcare, […]

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

The G7 called on Ukraine to act quickly due to the crisis in the CCU

The ambassadors of the G7 countries stressed the importance of swift action to resolve the situation in the Constitutional Court of Ukraine. In particular, they assessed Ukraine’s actions in this direction. They said this during a meeting with Verkhovna Rada Chairman Dmytro Razumkov. The G7 ambassadors said that swift action was needed to resolve the […]

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

Ukraine and Canada signed an Agreement about free trade zone

Today 11 July Ukraine and Canada signed an agreement about establishment a free zone. During the signing were attended the President of Ukraine Petro Poroshenko and Prime Minister of Canada Justin Tryudou. Ukrainian MP Stepan Kubiv wrote on his page on facebook, it is a very important document for Ukraine. He will bring the relations […]

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

Ukrainian Channel 1 + 1 was allowed to broadcast

In the National Council of Ukraine on January 5, 2017 it was a briefing, the participants of which were the chairmen of the regulatory body and in result of which special commissioners of tv chanel got the right to broadcast, according to the source Media Detector. According to Uliana Feshchuk – a deputy head National […]

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

PayPal has expanded its cryptocurrency service to all US users

PayPal Holdings has fulfilled its promise made last month by making its PayPal Cryptocurrency application available to all registered users in the United States. On October 21, the service was launched in test mode for a limited number of users. Commenting on the November 2 financial report, PayPal CEO Dan Shulman said that only 10% […]

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

The US court has lifted the ban on TikTok

Court of the United States in late Sunday night temporarily blocked ban by the administration of President Donald Trump on downloading the TikTok program. This was reported by Reuters on Monday, September 28. Considered, that that the ban was to take effect on Sunday at 23:59 local time (Monday at 6:59 Kyiv time). However, the […]

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

“Brooklyn-Kyiv” will build a terminal in the port of Ilyichivsk for $ 200 million

The stevedoring company “Brooklyn-Kiev” is going to invest $ 200 million in the construction of a grain terminal in the port of Ilyichivsk. This is stated in the message of the seaport. “Brooklyn-Kyiv” emphasizes that the company comes into the port of Illichivsk not only with the  investments, but also with its know-how in the […]

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

Uber reported a drop in the number of trips, but doubling food delivery orders Eats

Shares of Uber, which rose on 16.7% since the beginning of the year, fell 2.65% after the close of trading on Thursday, in response to the results of the second quarter. Uber management called the quarter “the hardest in history”, given the sharp drop in passenger traffic due to the COVID-19 pandemic. At the same […]

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

The regulator has approved new tariffs for mobile operators

The National Commission for the State Regulation of Communication and Informatization has reduced the inter-operator tariff. The NCCIR press service reports. From July 1, 2021, market participants will pay 7 kopecks per minute of outgoing call for a local call and 10 kopecks for long distance. Moreover, from January 1, 2022, rates will reduce to […]

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

Ford will invest $ 4.5 billion in the creation of electric cars

The car company plans to increase the production of electric and hybrid cars, and in the coming years will be actively engaged in developing new models. Leaders of  Ford Motor Company announced that they plan to invest in the production of electric and hybrid vehicles $ 4.5 billion. The CEO of the company  Mark Fields […]

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

NASA has signed the contract with Nokia to launch 4G on the moon

NASA has provided to Nokia with $ 14.1 million to deploy 4G (LTE) network on the moon. The US space agency noted that telecommunications networks of this standard will be able to provide more reliable than radio signals, communication on the Earth’s satellite, where it is planned to build the lunar base by 2028. NASA […]

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

Within what money do Ukrainian landowners leave?

Purchase and sale of an asset or share of the equity are generally associated with the participation of the foreign investor.Whether is it? Practically all agricultural companies in the market of Ukraine are financed from the external market. The name of each company speaks for itself: foreign abbreviations at the end. All this information you […]

Next
pochva1
Analytics

Land: too Long Real Estate

In Ukraine, land belongs to citizens only within the limits allowed not by the law but the authorities, and the problem of ownership is inherited from the totalitarian times. By the way, the moratorium on selling land operates in Venezuela, Congo, Tajikistan, North Korea, and Cuba, in addition to our country… Law and Practice Neither the Verkhovna Rada nor the Constitutional […]

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

Another Ukrspirt plant was sold at auction for 90 million

The State Property Fund held an auction for the privatization of the property of the Ivankivka distillery located in the Cherkasy region. According to its results, the state budget should receive 90 million hryvnias, according to the agency’s website. It is noted that six participants competed for ownership at the open auction, which increased the […]

Next