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.
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, […]
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% […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
As “Liga.net” reports, ATB will have finished the transaction on purchase of large West Ukrainian Barvinok retail network until the end of the year. ATB,the largest food retailer buys the Barvinok West Ukrainian network.The network has already changed the owner in 2015. Then Eurotek purchased it. The investment banker who wished to remain unnamed reported:”ATB […]
Next
Facebook announced that it is shutting down two of its little-known apps shortly after they launched them. According to CNBC, Lasso, TikTok’s competitor, and Hobby, the competitor of Pinterest, will be shut down on July 10. Facebook released Lasso for iOS and Android in 2018. It was created to share 15-second videos with effects. The […]
Next
Residents of the United States spent a record $ 9 billion on shopping in online stores on “Black Friday” – a day of big sales, which follows Thanksgiving celebrated on the fourth Thursday in November. This was reported by the Associated Press, citing data from Adobe Analytics, which analyzes information from 80 of the 100 […]
Next
Ministry of Economic Development of Ukraine considers as unacceptable any use of force in the enterprise and expresses its intention to be protected within the framework of the law. Ministry of Economic Development has announced an attempt to raider seizure of state enterprise “Electrotyazhmash” plant”(Kharkiv). This was reported by the press service of the Office. […]
Next
The World Bank will provide Ukraine with a second tranche of $ 350 million, but subject to certain conditions. WB Vice President for Europe and Central Asia Anna Bjerde told Interfax-Ukraine what exactly is expected from Kyiv. “The prospects for the second tranche of the Economic Recovery Development Policy Loan depend on maintaining an adequate […]
NextNationalization of PrivatBank, lawsuits against Apple, and the most interesting ideas from leading industry executives. Only that is really worth your attention 1. Privat is no longer private On December 18 at 23:30 p.m. it was posted the information on the site of the Governmental portal of Ukraine that […]
Next
The development of critical materials could attract billions of euros in investment in Ukraine, according to Prime Minister Denis Shmygal. He said this at a summit conference on the strategic partnership between Ukraine and the EU on critical raw materials and batteries. “Ukraine creates conditions for attracting investors. The current rules of access to subsoil […]
Next
One of the world’s largest investment banks, Goldman Sachs, has sold shares worth $ 10.5 billion because of large package deals, Bloomberg reports, citing a customer newsletter. The bank sold securities of Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. worth $ 6.6 billion before the opening of American markets. The bank then […]
Next
Foxconn, which manufactures electronic equipment, announced that it intends to invest $ 4,65 billion in the construction of a new factory in Guyame, China, the purpose of which is to create new modern LCD screens. Legally, the new venture will own the Century Technology Fund and Guyam city in China. Percentagewise the fund receive 76% […]
Next
Johnson & Johnson has found a batch of coronavirus vaccine that does not meet quality standards, the company said. Supplier Emergent BioSolutions at a plant in Baltimore manufactured the batch. This batch was not poured into ampoules and was not admitted to the final stages of production, the report said. Against this background, shares […]
Next
According to UNIAN news agency, yesterday the National Anti-corruption Bureau of Ukraine (NACBU) opened three criminal cases concerning the facts of officials illegal enrichment. On the basis of information, specified in electronic declarations, 3 criminal proceedings are opened: 2 concern People’s Deputies of Ukraine, 1 concerns the representative of judicial authority. For the time being, […]
Next
Two of the biggest telecom operator in France, recently reported about their intentions to merge. The amount of the transaction and its details were not disclosed at the moment. This is not the first attempt to conclude an agreement on the merger, talks between the parties were conducted in the past year, but companies could […]
Next
Today Wells Fargo, the fourth-largest U.S. bank, reported record losses of $2.4 billion in the second quarter, which was even worse than the bank management and Wall Street analysts expected. For the three months by June 30, Wells Fargo’s loss was $0.66. This is $0.46 worse than analysts’ forecast of $0.20 loss per share. One […]
Next
Business assessments of economic growth in Ukraine have improved for the first time since the first quarter of 2020 – the index of business expectations of enterprises returned to a positive value of 108.4%. This is evidenced by the results of a survey of company executives conducted by the National Bank of Ukraine in the […]
Next
According to a report by the US Department of Commerce on Thursday, the fall in gross domestic product (GDP) for the period from April to June (2nd quarter) amounted to 32.9% compared with the same value last year. Economists have noted that it is the strongest decrease since the government started to keep records in […]
Next
The Deposit Guarantee Fund of individuals is starting the procedure of withdrawal from the market of Arcade Bank, the press service of the FDG reported. The Fund offered several options for removing the bank from the market: liquidation of the bank of exclusion in the elimination of all or part of its assets and liabilities […]
Next