Competition between Apple and Huawei heats up in China
- Competition between Apple and Huawei is heating up
- Apple got $72.6 billion of its $383.3 billion in revenue from China
- Huawei achieved high sales growth during Singles Day while Apple’s unit sales declined
- Evercore analyst says the risk from Huawei is overstated
- Apple has a smaller market share in China but earns a larger share of market revenue
- Apple focuses on higher-end smartphones while Huawei offers lower-end options
Competition between Apple and the Chinese consumer electronics manufacturer Huawei has continued to heat up, but one Evercore analyst says investors in the iPhone maker shouldn’t worry. China accounted for $72.6 billion of Apple’s total $383.3 billion in revenue in fiscal 2023. But government restrictions on the iPhone and an uncertain economic environment have created challenges for the company. On top of this, Apple is facing a competitive threat in China from Huawei, which makes smartphones at lower price points. According to Counterpoint Research, Huawei achieved high sales growth during the Singles Day event, while unit sales of Apple products declined from a year earlier. Evercore analyst Amit Daryanani believes that the risk from Huawei is overstated and that Apple can maintain its market share despite Huawei becoming more competitive.
Factuality Level: 7
Factuality Justification: The article provides some relevant information about Apple’s revenue in China and the competition with Huawei. However, it lacks specific details and sources to support the claims made by the analyst. The article also includes some opinion from the analyst, which may introduce bias.
Noise Level: 7
Noise Justification: The article provides some relevant information about Apple’s revenue in China and the competition with Huawei. However, it lacks in-depth analysis and evidence to support its claims. It also includes some filler content and repetitive information, such as the mention of Apple’s stock price and the analyst’s rating. Overall, the article could benefit from more thoughtful analysis and supporting data.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the competition between Apple and Huawei in China, which could impact the revenue and market share of both companies in the consumer electronics market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article primarily focuses on the financial competition between Apple and Huawei in China, without mentioning any extreme events or their impacts.
Public Companies: Apple (AAPL), Huawei (null)
Key People: Amit Daryanani (Evercore ISI analyst)
Reported publicly:
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