Money

Apple’s $200b drop may signal start of post-tech era

Published

9 months ago

September 9, 2023

ticker NEWS

Apple is grappling with a sudden market cap loss of $200 billion, signaling potential trouble ahead. Investor concerns are casting doubts on the upcoming phone’s success and raising questions about the broader landscape of US tech dominance.

China has long been a key market for Apple, responsible for nearly a fifth of its $394.3 billion net sales in the last fiscal year. Apple CEO Tim Cook visited Chinese officials in March to mend relations, but unforeseen developments have rocked the tech giant’s boat.

Apple’s main competitor in China, Huawei, has unveiled its latest offering, the Mate 60 Pro, which has surprised observers. Despite Western chip sanctions targeting Huawei’s phone business, the Mate 60 Pro boasts mostly domestically sourced components, shunning Western suppliers.

Local parts

In a notable departure from tradition, the phone features a 7-nanometer processor from China’s Semiconductor Manufacturing International Corporation and other locally acquired parts. This shift is a clear message to both Chinese consumers and Western lawmakers that Chinese manufacturers can provide homegrown technology.

Analysts at Jefferies warn that these developments could jeopardize new iPhone sales in China, estimating that the Mate 60 Pro could capture up to 38% of the Chinese market. This significant valuation hit may be indicative of a shifting global tech landscape, with China increasingly achieving technological independence.

Money

The integral step to entering the property market

Published

18 hours ago

May 20, 2024

ticker NEWS

In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

Money

LA real estate agent reveals the secret to success

Published

19 hours ago

May 20, 2024

ticker NEWS

What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

Money

Why the meme-stock frenzy is unlikely to repeat

Published

7 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending