Tagged: Apple

Us congressman proposes to ban apple

U.S. Senator Josh Holly said on Tuesday he has proposed a bill banning any company with a market value of more than $100billion in new M & A. The bill will empower the Federal Trade Commission to ban “digital LED companies” from buying potential competitors and will force companies losing “profits from monopolies” in antitrust proceedings, CBS reported Tuesday At present, nearly 150 companies in the United States have a market value of more than $100billion, including apple, Amazon and other technology giants.


Reuters said the bill would effectively ban future M & A transactions between apple, Microsoft, Amazon, Google and Facebook and would prevent its platforms from prioritizing their own products. On February 1, a broad-ranging anti-monopoly regulatory reform act, called the competition and anti-monopoly law enforcement reform act, was proposed by several Democratic senators, which will give federal law enforcement more extensive resources to strengthen the ban on anti competition and merger and reform existing regulations. This means that the US technology giants may face more stringent supervision or rectification, and the difficulty of M & A will be increased in the future.


Reuters said the Senate judicial committee will hold a hearing on monopoly of mobile app stores on April 21, and Google and Apple will be “targeted.”. Earlier, app developers complained that Apple’s app store had set “mandatory revenue sharing and stringent rules for listing” on the iPhone and iPad, and Google’s app store’s regulations on Android devices were equivalent to anti competitive practices. The European Union has issued several high price penalties for us technology giants in recent years, and a new regulatory body has been set up in the UK to monitor the anti competition behavior of large technology companies around the world.

Controversial “Apple Tax”

“Minors recharge on the gaming platform and contact Apple for no refund.”

“As an App development platform, Android phones do not charge service fees when users make virtual top-ups, but Apple charges 30% service fees. This has led to complaints from users that we are familiar with big data, and charges are different on Apple phones and Android phones.”

Controversial "Apple Tax"

“If you recharge a member with the same account, the charge on the Apple terminal is higher than that on the Android terminal.”

A reporter from the Beijing News noted that since 2017, disputes about the “Apple Tax” have frequently appeared on social platforms and news reports. Apple takes a 15% to 30% commission on the sales of virtual goods in the developer’s App, which is called the “Apple tax” in the industry, and this part is ultimately paid for by consumers.

In 2017, WeChat closed the tipping function because Apple failed to negotiate the tipping issue of 30% of users. At that time, Toutiao, Zhihu, and Inke Platform were among those who experienced the encounter together. Apple clearly stipulates in the “Apple Developer Agreement” on its official website that “Global payment processing is handled by Apple” and “Developers retain 70% of sales revenue.”

Apple has not changed the rules on the commission for many years, and Apple mobile phone users must download software through the App Store and use Apple Pay to pay. Many domestic and foreign users and software developers have sued Apple for alleged monopoly in the court. Many states in the United States have tried to legislate for users to use third-party payment platforms and download channels; the European Legislative Council is also discussing whether there is a monopoly on Apple’s mobile phones; my country’s Shanghai Intellectual Property Court accepted the dispute between users and Apple in February. The monopoly dispute case has been filed.

A reporter from the Beijing News found that the price of virtual goods purchased by Apple mobile phone users is generally higher than that for Android mobile phone users. In this regard, customer service personnel of many platforms said that the reason for this difference is that Apple mobile phone users can only pay through Apple’s own Platform Apple Pay payment, during this period Apple will charge a certain percentage of fees.

A number of Apple mobile phone users told the Beijing News reporter that they are facing difficulties in refunding fees. my country’s law clearly stipulates that online games paid by minors can be refunded. However, Xiaoye who has encountered this problem said that the refund of virtual goods recharged through Apple Pay needs to be initiated by Apple, and after the game company promises to refund, Apple does not The reasons for compliance with the regulations have not yet been processed.

Netizens complained that Apple mobile phones charge service fees during the recharge process and it is difficult to refund the fees

Among the numerous complaints about Apple mobile phones, the most frequently reflected “recharge service fees”, “difficult refunds”, “virtual goods sold at a higher price than the Android system”, “automatic renewal cannot be suspended for deductions and refunds”. Among them, there were more than 21,000 related issues on the Black Cat Complaint Platform alone.

Black Cat Complaint is a third-party consumer service platform. After review and approval of consumer complaints, they will be transferred to the complained company for processing. The platform will update the progress of “replied” and “completed”. As for the complaint against Apple on the Black Cat platform, there has not been a single reply since the platform went online in 2018.

Ms. Jia from Yuncheng, Shanxi, told the Beijing News that on January 16 this year, her 12-year-old child used his mobile phone to top up a game app called “My Talking Tom” with hundreds of yuan, and then she gave Apple’s official customer service called to apply for a refund. However, both applications for refunds ended in failure. At that time, Apple responded to her that consumers need to directly seek refunds from gaming companies.

Then, Ms. Jia contacted the “My Talking Tom” game company (Guangzhou Jinke Culture Technology Co., Ltd.). The company stated that its games are on the Apple channel, and Apple will charge 30% of the game recharge process. cost. The game company can only refund 70% of the fee, and the remaining 30% needs to be communicated to Apple for the refund.

At the request of the game company, Ms. Jia provided her with a recharge voucher, and at the same time, she took photos of the child and account information to prove that it was a minor consumption. After the review, the game company promised that 70% of the top-up amount will be returned and credited within 15 days.

Regarding the 30% returned by Apple, Ms. Jia contacted Apple’s official customer service again, and the answer was still that the refund was not possible, and the game company had to ask for a refund.

Ms. Jia posted her refund experience on the Black Cat Complaint Platform, Weibo, Zhihu, and Douyin, and privately wrote the official accounts of the two companies. After Apple noticed Ms. Jia’s complaint on the online platform, she took the initiative to call to deal with it. “Apple’s customer service asked for basic information such as the child’s age, and promised to refund it in full.”

On February 24, Apple refunded 30% of the top-up amount to Ms. Jia’s account, and the game company refunded the remaining 70% on February 25. The full refund time was more than one month after Ms. Jia’s complaint.

Netizen Xiaoye told the Beijing News reporter that his child played games on February 25th and 26th to recharge 4936 yuan. After finding out on February 27th, he applied to Apple for a refund. The next day Apple responded that it did not meet the refund regulations. , Need to find a game company, the next day the game company approved and agreed to refund, but said that the refund needs to be initiated by Apple, and Apple has not processed it yet.

The price of virtual goods on the Apple side is generally higher than that on the Android side

A reporter from the Beijing News found that some of the software that was downloaded for free on the Android system requires a paid download on the Apple mobile phone. For the paid membership service of the same software, the recharge price on the Apple side is higher than that on the Android side.

Among the popular music download software, the one-month, three-month, and six-month membership services of NetEase Cloud Music App are priced at 16 yuan, 45 yuan, and 88 yuan on the Android side, and 18 yuan, 50 yuan, and 93 yuan on the Apple side. . In addition, the price of automatic renewal on the Apple side is 2 yuan more expensive than the Android side.

The QQ Music App provides one-month, three-month and one-year membership recharge services. The price of a single monthly membership purchase on the Android side is 15 yuan, while the monthly price on the Apple side is 18 yuan, and the Apple side is about 20% more expensive. For the other two membership services, the top-up price on Android and Apple is the same.

In video apps, the prices of iQiyi’s continuous annual and seasonal subscriptions are 218 yuan and 58 yuan on the Apple side, which are 80 yuan and 23 yuan higher than those on the Android side. The prices of the rest of the VIP members are the same on the Apple side and the Android side.

The price of Tencent Video VIP member’s Android terminal is 20 yuan for a single month and 15 yuan for a monthly subscription, while the Apple client’s 25-month monthly and a monthly subscription is 19 yuan, which are more than 25% more expensive than the Android terminal. The price for other long-term members is the same.

At the same time, a reporter from the Beijing News found that Baidu Netdisk ranked first in the application market efficiency category, providing monthly, quarterly, and annual membership services. In the state of non-continuous monthly subscription, the price of the super member SVIP Android terminal is 30 yuan, 86 yuan, and 298 yuan respectively. The price of the Apple terminal is 40 yuan, 113 yuan, and 388 yuan respectively. The three member prices of the Apple terminal are more than 30% more expensive than the Android terminal.

▲The “My Member” page of Baidu Netdisk shows that the recharge price of one-month, three-month, and one-year membership on Apple phones is much higher than that of Android phones. App screenshot
In addition, when users of Jinjiang Novel Reading App purchase Jinjiang Coins, the purchase page shows that Apple mobile phone users will deduct a 40% handling fee for using this channel. The Android terminal is 50 yuan and 5000 Jinjiang coins; after deducting the handling fee, the Apple terminal can only purchase 3,000 Jinjiang coins for 50 yuan.

The Tik Tok app, which ranks number one in the ranking of photography and video recording on the Apple side, has 80, 884, and 1544 less TikTok coins purchased with a recharge of 30 yuan, 298 yuan, and 518 yuan on the Apple side, respectively, than the same amount purchased on the Android side. .

However, a reporter from the Beijing News found that Boss Direct Hiring, Maoer FM, Meituan and other apps have the same membership prices on the Apple and Android devices.

The platform was charged by Apple for service fees and passed on to consumers

Regarding the situation that the price of the above-mentioned virtual goods on the Apple side is higher than that on the Android side, the customer service of many platforms responded that because Apple mobile phones can only use the Apple payment system, they cannot use Alipay, WeChat, bank cards and other methods like Android phones. Apple The company will charge a service fee during the payment process, and the refund must be contacted with Apple.

NetEase Cloud Music online customer service responded that the price of recharging NetEase Cloud Music members on the Apple side is indeed more expensive than that on the Android side. The reason is that Apple will charge 30% of the channel service fee. The purchase price through the web is the same as the Android side. If you want to refund the fee, you need to contact Apple customer service.

Jinjiang customer service also responded similarly, saying that the normal price of Jinjiang Coin is 100 yuan, and Apple will charge 40% of the channel service fee. Therefore, the Jinjiang Coin purchased on the Apple mobile phone for the same fee will be less than the Android end. Paying with Alipay on Jinjiang’s official website is the normal price.

▲When Apple users use the Jinjiang Novel Reading App to recharge, the instructions clearly stipulate that “40% handling fee is deducted”. App screenshot
At the same time, Douyin phone customer service stated that a 30% handling fee will be deducted for payment on the Apple mobile phone. You can enjoy the normal price for purchases on the official website. Douyin coins do not accept refunds. If Apple needs a refund, you can try to contact Apple.

Regarding the issue of high prices and difficulty in refunding fees, reporters from the Beijing News successively called two different customer service numbers of Apple in the afternoon of March 9. The first customer service stated that Apple is only used as a payment platform, the member price is set by a third-party platform, and the 30% channel service fee “temporarily does not exist”. It is recommended that users consult related software platforms. The customer service also said that they would not comment on the platform’s statement. If you need a refund, you can try to apply for a refund on the Apple reporting problem website.

The second Apple customer service said that they did not understand the relevant situation of Apple’s 30% channel service fee, and it is recommended to contact a third-party platform if you have any questions about the price.

A reporter from the Beijing News inquired about the “Apple Developer Agreement” on Apple’s official website, showing that “global payment processing is handled by Apple” and “developers retain 70% of sales revenue.”

▲In the “Apple Developer Agreement” on Apple’s official website, Apple clearly charges 15%-30% of the developer’s sales of virtual goods. webpage Screenshot
Domestic and foreign users and software developers sued the court for Apple’s monopoly

A reporter from the Beijing News combed through public reports and found that there were netizens and lawyers discussing the issue of high service fees charged by Apple phones and higher prices for virtual goods purchased on Apple phones than Android phones five years ago. The United States and There are also some countries in the European Union that are discussing monopoly and anti-monopoly, as well as legislative control issues.

Apple’s mobile phone only uses its own App Store to download apps, and it clearly requires that Apple’s payment channels must be used for virtual transactions, and a fee of 15% to 30% is charged. If there is a function of using a third-party payment system in the App, there is a risk of being taken off the shelf. In 2017, many domestic apps were removed from the shelves for failing to comply with Apple’s regulations.

A reporter from the Beijing News found that in the “Developer Terms” issued by Apple, it is stipulated that mobile phone users should “reward” the original author in the App software, which is an “in-app purchase”, and Apple will pay 30% of the reward value. % Collect a commission from the author of the Apple mobile phone terminal. In 2017, Tencent’s WeChat closed the reward function because it did not negotiate with Apple on the issue.

This year, after North Dakota tried to pass legislation to fight for users to use third-party App Store rights and failed, Minnesota and Arizona introduced new bills to try to promote Apple’s opening of App download channels and reduce the control of developers. .

According to foreign media reports, Spotify, the world’s largest online music service provider, filed a complaint with the European Commission about the monopoly of Apple’s software store for user consumption by Apple. Sources recently disclosed that the European Commission’s allegations against Apple include restricting competitors other than “Apple Music” (Apple’s own online music service), putting opponents at a disadvantage and affecting consumers’ right to choose.

At the same time, some British media reported that the British government’s anti-monopoly department has launched an investigation into the terms of the Apple Software Store’s agreement against developers. Investigations will be conducted on whether these terms are fair and whether they violate the UK’s antitrust laws. In addition, Japan’s Lotte Group also filed an antitrust complaint against Apple in the European Union.

In addition, a reporter from the Beijing News noted that in January this year, Apple mobile phone users sued Apple to the court for a single payment channel and download channel. The client Jin Xin told the Beijing News reporter that when he purchased app members such as iQiyi, Himalaya, and NetEase Cloud, he found that Apple mobile phones can only be used for payment with Apple Pay. The pricing of the mobile phones is higher than that on Android phones, and it was later discovered that Apple charges a 30% service fee.” Jinxin said that during the payment, he did not see the reminder to charge the service fee and could not return the Apple phone. , Being deprived of consumers’ right to choose and fair transactions. He believes that Apple’s move is an abuse of market dominance and unfair high price behavior, suspected of monopoly.

Jinxin requested in the indictment to order Apple and Apple Computer Trading (Shanghai) Co., Ltd. to immediately stop abusing their market dominance, including but not limited to: stop “in-app purchases” from receiving unfairly high commissions of 30% of the transaction amount Behavior; stop requiring that “in-app purchases” can only choose Apple Pay for mandatory tying behavior; stop restricting transactions and rejecting transactions. The “Notice of Acceptance” provided by Jinxin shows that the Shanghai Intellectual Property Court accepted its monopoly dispute with Apple in February and has now opened the case.

▲In January 2021, Apple user Jin Xin believed that Apple’s mobile phone restrictions on users’ App download channels, payment channels, and collection of service fees were suspected of being a monopoly, and sued Apple to court. The Shanghai Intellectual Property Court accepted the case in February this year. Photo courtesy of the interviewee
Controversy over whether Apple constitutes a monopoly

Zhao Zhanzhan, a special researcher at the Intellectual Property Center of China University of Political Science and Law and a lawyer at Beijing Yunlin Law Firm, told the Beijing News that Apple as a platform to charge software service providers 15% to 30% of the channel service fee is a market behavior and does not violate my country’s existing by law.

Zhao Zhanzhu believes that software service providers have the right to set their own prices. It is reasonable to set different sales prices for Apple mobile phone users and Android mobile phone users. Consumers can choose not to buy or purchase through the Android system, but consumers should be clearly informed. To fully respect consumers’ right to know and to choose.

Article 17 of my country’s Anti-Monopoly Law stipulates that “operators with a dominant market position are prohibited from selling goods at unfairly high prices or buying goods at unfairly low prices.” Zhao Zhanzhu believes that Apple mobile phones are not consumers Necessities, other brands of mobile phones can be used, consumers have the right not to use Apple mobile phones, so Apple does not constitute a monopoly.

Lawyer Wang Qiongfei, the co-founder of Zhejiang Kenting Law Firm, holds a different view. He said that Apple takes a 15% to 30% commission on the sales of virtual goods in the developer App, which is called the “Apple Tax” in the industry.

The “Apple tax” is actually for developers, but in order to ensure their own profits, developers often increase sales prices and pass on the “Apple tax” to consumers, increasing consumer costs.

In addition, Apple does not allow the use of third-party payment systems to complete paid downloads of applications, and does not allow applications to have built-in third-party payment systems for applications

Apple fell to the altar?

Is Apple really going to fall to the altar?

Apple fell to the altar?

On March 9th, Beijing time, as of the latest close of the US stock market, affected by the broader market, the “market value brother” of the US stock market fell again by 4.17% to US$116.36. The total market value was only US$1.95 trillion. This is the first time it has fallen below this level since 2021. The US$2 trillion mark, and the last time it was in September 2020. Some analysts believe that investors are switching from technology stocks to value stocks or cyclical stocks, which will benefit from the upcoming economic restart.

It is worth noting that the recent Hong Kong stock company Xiaomi also ushered in a sharp drop in its share price. As of press time, Xiaomi once fell more than 7% in intraday trading, but then rebounded slightly. The total market value is only 550 billion Hong Kong dollars, or about 462 billion yuan. Starting from the high of 35.9 Hong Kong dollars per share at the beginning of the year, Xiaomi Group-W plummeted nearly 40% in two months, and its market value evaporated over 360 billion Hong Kong dollars.

Calculating from Apple’s high of US$144.874 at the end of January, the stock price has fallen by 20% in more than a month. Although it is not as low as Xiaomi’s 40% drop, the market value has evaporated by US$480 billion, or about 3.13 trillion yuan, which is the current Xiaomi. 6.8 times the market value.

In other words, Apple evaporates the market value of nearly 7 millets in more than one month. In fact, in August 2020, Apple’s market value exceeded 2 trillion US dollars, becoming the first US listed company to achieve this achievement. Unfortunately, in less than a month, Apple’s stock price plummeted by nearly 7% in a single day, losing the $2 trillion mark.

Apple’s performance is not bad. In the fourth quarter of 2020, Apple achieved revenue of 111.44 billion U.S. dollars, an increase of 21% year-on-year, breaking through the 100 billion U.S. dollar mark for the first time; net profit of 28.76 billion U.S. dollars, an increase of 29% year-on-year. The “New York Times” commented that Apple had its highest profitable quarter in history.

In addition, Morgan Stanley analyst Katie Huberty pointed out in a report that the supply of iPhones has caught up with demand, and that Apple has performed well in China. It is estimated that China’s iPhone shipments in January increased by 150% year-on-year. Even this quarter will remain strong. There is also news that Apple’s spring conference is expected to launch AirTags and the new iPad, which may further stimulate Apple’s stock price.

Apple in the car circle! Invest 10 billion to build “Apple car” with Kia

On February 3, according to South Korean media reports, Apple will invest 4 trillion won (about 23.3 billion yuan) to cooperate with Kia automobile on electric vehicles. The investment will be used for production facilities and automobile development. Apple automobile is expected to be launched in 2024.

Apple in the car circle! Invest 10 billion to build "Apple car" with Kia

Huawei is also more and more involved in the field of new energy vehicles. In October 2020, after Huawei released Hi, Huawei’s intelligent vehicle solution, more and more automobile enterprises cooperated with it. On February 3, BAIC New Energy announced that the “Huawei version” model that Huawei cooperated with it would be released in April this year and launched in November.


On February 3, Liao Bing, the former CEO of GAC Weilai, announced the establishment of a new energy technology company in Shenzhen and the launch of a new energy automobile brand, liberty automobile.


Will Apple be born?


The wave of the transformation from traditional cars to smart cars is just like the transformation from function phones to smart phones more than ten years ago.


Mobile Internet and intelligent vehicles have profoundly changed the history of the world’s automobile industry. In the face of new forces such as Tesla, many traditional automobile enterprises have cooperated with technology giants to make layout in advance, actively embrace the changes of the times, and are accelerating the transformation from traditional vehicles to intelligent vehicles and new energy vehicles.


According to South Korea’s Dongya daily, Apple will invest 4 trillion won to cooperate with Kia on electric vehicles. Information shows that the investment will be used for production facilities and car development.


Apple plans to work with Kia to produce apple cars from its Georgia plant, the report said. The two companies are likely to sign an agreement on February 17 and plan to launch Apple cars in 2024, with an initial target of selling 100000 cars a year.


In China, Korea Kia auto Co., Ltd., Dongfeng Motor Group and Jiangsu Yueda Investment Co., Ltd. established Dongfeng Yueda Kia Automobile Co., Ltd., which is a traditional fuel vehicle manufacturing, production and sales enterprise.


In fact, the news of Apple’s auto layout will come out in 2020. In December 2020, according to Taiwan’s economic daily, Taiwan’s key supply chain confirmed that Apple’s first electric car will come out ahead of schedule. It is expected that Apple car will be released in September 2021, at least two years ahead of the original plan. Its prototype car has been tested on the road in California, the United States. In response to the demand of Apple car stock, Taiwan’s local and major manufacturers, such as the United States Federation of trade and international trade, have all burst orders.


Industry insiders believe that Apple’s early release of the first electric vehicle indicates that the maturity of the industry chain is improved and the penetration rate is expected to accelerate; and that the change of the automotive industry pattern will be more drastic. By 2020, Apple’s patent technology in the automotive field has covered automatic driving, charging, on-board system, car body structure optimization and other aspects.


Xu Yingbo, an analyst at CITIC Securities, believes in his research report that Apple has built a strong IOS ecosystem with its technological advantages in the fields of smart phones, tablet computers, wearable devices, etc. With the development of artificial intelligence and Internet of things, aiot (artificial intelligence internet of things) is another important opportunity for global science and technology industry after PC and Internet. Intelligent vehicle and automatic driving are important investment opportunities in this field. Based on the analysis of Apple’s project layout in Carplay, carkey and electric vehicles, the possibility of Apple’s further entry into the intelligent vehicle manufacturing industry is not ruled out.


New forces of car building


In addition to apple, China’s technology giant Huawei has also set foot in the auto industry.


On February 3, it was reported that the “Huawei version” model of Huawei’s cooperation with BAIC new energy will be released in April this year and will go on sale in November.


“As a supplier of components and solutions, we respect the release rhythm and caliber of our customers, but we cannot disclose information without authorization.” Relevant people of Huawei told Chinese reporters of securities companies.


Tianyancha app shows that Beijing New Energy Automobile Co., Ltd. was established in October 2009 with a registered capital of about 5.3 billion. Its business scope includes the production of electric passenger cars, hybrid electric vehicles, new energy vehicles, etc. The company is 99.99% owned by BAIC Blue Valley New Energy Technology Co., Ltd. and its investors include BAIC group and Daimler, the parent company of Mercedes Benz.


Tianyancha patent information shows that Huawei has applied for a number of automobile related patents before. For example, on January 22 this year, Huawei announced the patent of “reducer, powertrain and vehicle”, which can be applied to electric vehicles / electric vehicles, pure electric vehicles, etc.


In fact, in October 2020, Huawei released Huawei intelligent automotive solution hi (Huawei intelligent automotive solution), which aims to create high-quality intelligent networked electric vehicles through Huawei’s full stack intelligent vehicle solutions and in-depth cooperation with automobile enterprises in an innovative mode.


“Huawei does not build cars. It helps car companies build good cars and brings the digital world into every car.” At that time, Wang Jun, President of Bu, Huawei intelligent vehicle solutions, said.


Huawei has deployed HMS for car, hicar and smart screen for C-end car users. In the aspect of to B business, the solution includes intelligent driving, three electric systems and intelligent cockpit.


As early as November 2018, Huawei and BAIC announced their cooperation in technology research and development, product innovation, etc. the scope of cooperation includes cloud computing, Internet, etc., that is to build a “Huawei core” for traditional automobile enterprises.


In December 2020, Huawei “won” Chery Automobile and signed a comprehensive cooperation framework agreement. The two sides will fully cooperate in the fields of intelligent vehicle electronic and electrical architecture, intelligent network connection, intelligent cockpit, on-board computing and automatic driving, intelligent energy, intelligent vehicle cloud service, etc., to jointly create a new experience of intelligent travel and make travel smarter.


At that time, Yin Tongyue, chairman of Chery Automobile, said that Huawei is the pride of the Chinese people, and its spirit is worth learning. It is believed that the comprehensive cooperation between Chery and Huawei will boost the business development of both sides, transform automobiles from mechanical products to software products and intelligent products, and enable China’s automobile industry to master key core technologies in software, intelligent cockpit, chips and other fields, like today’s home appliance and mobile phone industries, and speed up its move to the world.


It is worth mentioning that in recent years, China’s new car building forces have emerged one after another. In addition to Hengda Group and Baoneng group building hengchi automobile and Guanzhi automobile respectively, they also include Weilai, Xiaopeng, ideal and other new forces.


On February 3, Liao Bing, former CEO of GAC Weilai, said that he cooperated with Henan Senyuan group and Beijing Xinding Rongsheng capital to establish freedom (Shenzhen) New Energy Technology Co., Ltd. to launch a new energy vehicle brand, freedom automobile.


Previously, on January 25, Liao Bing said that he had resigned as CEO of GAC Weilai and all its subsidiaries. It is reported that as the founder and former CEO of GAC Weilai, Liao Bing once served as an executive of GAC Honda, GAC parts, GAC Fick and GAC Research Institute.

Apple’s single quarter revenue exceeds 100 billion US dollars

In the fourth quarter of last year, Apple’s revenue exceeded $100 billion for the first time, with sales in Greater China up 57%.

Apple's single quarter revenue exceeds 100 billion US dollars

In the shadow of the epidemic, apple still handed over a better than expected financial report.


On January 28, Apple released its first quarter results for fiscal year 2021. According to the report, the company’s net revenue in the first quarter was US $111.439 billion, up 21% from US $91.819 billion in the same period last year, setting the latest record in the history of the company. The net profit was US $28.755 billion, up 29% from US $22.236 billion in the same period last year. Diluted earnings per share were $1.68, up 35% from $1.25 a year earlier.


Among them, the net revenue of Greater China was US $21.313 billion, up 56.97% from US $13.578 billion in the same period last year. It is worth noting that in the context of stock market competition, brand is still the relationship between the ebb and flow. On the same day, IDC and canalys released the global smartphone sales report for the fourth quarter of 2020. According to IDC report, in the fourth quarter of 2020, apple, Samsung, Xiaomi, oppo and Huawei ranked the top five in global smartphone sales. Under the pressure of US sanctions, Huawei became the only one in the top five whose sales declined. Its fourth quarter shipment volume was 32.3 million units, down 42.4% from a year earlier.


Wang Xi, China Research Manager of IDC, told the 21st century economic report that with the continuous change of the external environment, the market pattern may be reshaped, which will undoubtedly bring development opportunities. This requires the industry participants not only to start from the change of demand side, but also to consider the competition for production capacity from the perspective of competition, comprehensively judge and dynamically adjust the market strategy, step by step in the face of variables, strive for progress in stability, and explore their own certainty in uncertainty. “We think the recovery of mobile phone market will accelerate based on the stable growth of demand.”


Apple’s Chinese dividend


Last year, the global mobile phone market was affected by the epidemic. According to the report released by IDC, the annual global mobile phone shipment in 2020 was 1292.2 million units, a year-on-year decrease of 5.9% compared with 1372.6 million units in 2019. Canalys data also shows that global mobile phone shipments in 2020 will be 1264.7 million units, a year-on-year decrease of 7% compared with 1366.7 million units in 2019.


Despite the decline in 2020, the progress of market recovery is impressive, especially in China. As the world’s second largest economy, China has become one of the most important markets for multinational giants. The importance of China’s market has been further highlighted at a time when the developed economies such as the United States and Europe have not yet shaken off the impact of the epidemic.


In the fourth quarter of last year, Apple’s revenue exceeded $100 billion for the first time, with sales in Greater China up 57%. By region, international sales accounted for 64% of Apple’s revenue. Its sales in Greater China fell 29% in the third quarter and rose 57% to $21.3 billion.


Although its sales in Europe, America and other regions have also seen rapid growth, its performance is much worse than that in Greater China. Data show that its growth rate in the Americas is only 12%, while in Europe it is only 17%. The surge in sales in China undoubtedly plays an important role in Apple’s revenue breakthrough of US $100 billion.


Since the first iPhone in 2007, Apple has launched 21 mobile phones. Since 2015, iPhone sales have begun to decline. Since 2018, the sales volume of Apple series products in China has declined seriously. In the fourth quarter of 2018, Apple’s shipment decreased by about 3 million units, a year-on-year decrease of about 22%. Throughout the year, iPhone shipments dropped from 36.7 million in 2017 to 34.2 million in 2018.


But the market turned around last year. Tim Cook, chief executive of apple, said that the upgrading of iPhone users in the Chinese market has set an all-time record. “The performance of iPhone in China is very good. Like the rest of the world, there are also record upgrading behaviors. Because China’s 5g construction is advancing very fast, the vast majority of models sold in the Chinese market are 5g models. ”


The market pattern has changed


Some analysts believe that Apple’s strong recovery, to some extent, is to seize the high-end market share from Huawei. IDC report shows that in the fourth quarter of 2020, the ranking of the top five manufacturers has changed significantly. Driven by the iPhone 12 series, apple returned to the top with 90.1 million units. This created the highest single quarter shipment record of manufacturers, with a year-on-year growth of 22.2% and occupying 23.4% of the market share; Samsung ranked second with 73.9 million units and 19.1% of the market share; Xiaomi ranked third with 43.3 million units and 11.2% of the market share; oppo ranked fourth with 33.8 million units and 8.8% of the market share.


Under the pressure of U.S. sanctions, Huawei continued to suffer, with a sharp year-on-year decline of 42.4%, while another organization’s forecast was not very optimistic. A few days ago, the semiconductor research office of trendforce ranked Q4 as a global smartphone manufacturer. It believed that Apple would reach the top with 21.1% of the market share, Samsung would be second with 17.7% of the market share, and the smartphone market would pick up sharply in 2021, but Huawei could not hold the top six position.


The reason is still the shortage of chips in the supply chain. Nabila popal, director of global mobile device research at IDC, said that many factors are driving the recovery of the smartphone market, including suppressed market demand, continuous promotion of 5g devices on the supply side, active promotional activities and discounts, as well as the popularity of mobile phones in low and middle price segments. It seems that manufacturers are ready for the second blockade to ensure that there are appropriate channels to meet the orders of end consumers.


In fact, due to the blockade, people’s spending on leisure, tourism, dining out and other fields has decreased, while consumers’ spending on almost all smart devices, including smart phones, has increased, and smart phones also benefit from it.


Even if the industry recovers, how many opportunities are left for Huawei? In an interview with the 21st Century Business Herald, people in the industry who did not want to be named believed that from the perspective of supply chain and operation, the possibility of lifting Huawei’s ban on chips in the United States this year is very small. If Huawei fails to obtain 5g chip supply and stops publishing and selling new products for one to two years, it will be in a state of shock for the rapidly changing technology industry. Therefore, it is a good solution to seek divestiture or other cooperation under the continuous change of market pattern.

Thousands of games removed from Apple App Store in China

Wall Street Journal: Thousands of games removed from Apple’s China App Store

As the Chinese government has increased its supervision of app products, Apple has removed thousands of game apps from its App Store in China.

The Chinese government required four years ago that game apps need to be approved before they can be put on the shelves, but Apple’s app store has loopholes that allow a large number of unapproved game apps to be put on the shelves for download.

Currently, there are about 272,000 game applications in the Apple China App Store. In 2020 alone, about 94,000 applications were removed from the shelves, far exceeding the 25,000 last year.

Affected by this, Apple’s app store revenue growth in China this year is expected to slow down.


Nikkei Asian Review: TSMC’s US plant starts large-scale recruitment

TSMC’s US$12 billion 5-nanometer chip factory in the United States is hiring about 600 engineers and executives.

It is reported that about 300 existing engineers and management personnel will be deployed from TSMC’s existing staff. The United States will provide sufficient work visas for these employees.

Another 300 will be recruited from the United States. These newly recruited employees will be sent to TSMC’s factory in Tainan for about one year of training.

After TSMC’s US investment and construction plan was approved by the Taiwan authorities on the 22nd of this month, it is expected to start construction next year and start production in 2024.


Bloomberg: The Brexit Agreement is expected to be signed on Christmas Eve

On Wednesday, Britain and the European Union negotiated again overnight to determine the details of the agreement. The main framework of the agreement will ensure duty-free trade in goods between the UK and the EU and maintain cooperation between the two parties in the field of security.

Although the negotiation process began to accelerate after EU President Von der Lein and British Prime Minister Johnson personally intervened this week, this week’s negotiations still focused on fishing rights and fair competition.

According to reports, the UK’s fishing quota will likely increase from half to two-thirds before Brexit. The agreement will be announced as early as Christmas Eve morning.

The Straits Times: Singapore’s first case of COVID-19 confirmed

This morning, Singapore confirmed the first case of the new coronavirus variant (B117). Another 11 quarantined patients initially tested positive for B117.

These patients were all from Europe and began a 14-day quarantine after arriving in Singapore. Their close contacts have also been quarantined.

The Ministry of Health of Singapore stated that there is currently no evidence that B117 initially spread in Singapore.

Currently, Singapore long-term and short-term passport holders who have a record of entering the UK within 14 days are barred from entering Singapore.

Nikkei Asian Review: Japanese prosecutors decided not to prosecute Abe

On Sunday, Japanese prosecutors said they would no longer sue former Japanese Prime Minister Shinzo Abe for failing to record the income and expenses related to the dinner party.

Since the scandal broke out in November, Abe has stated that he is innocent, and then blamed others for concealing it on Monday.

But Abe may still be prosecuted for denying the incident.

In addition, Yoshihide Suga may also be affected. Suga Yoshihide served as Abe’s Chief Cabinet Secretary and defended Abe at a press conference.

Apple intends to increase iPhone production by 30%

On Tuesday, US time, the three major U.S. stock indexes closed up. The Dow rose 1.13%, the S&P 500 and the Nasdaq closed up 1.29% and 1.25%, respectively, and the Nasdaq set a new closing record high. The U.S. Senate issued a new version of the financial rescue plan proposal on Monday evening, dividing the previous $908 billion rescue plan into two parts. The first part is $748 billion including weekly additional unemployment benefits and loan expenditures under the Salary Protection Program. And the second part of 160 billion US dollars includes financial assistance for state and local governments, and this is the most controversial part of the two parties. The Speaker of the US House of Representatives Pelosi invited leaders of both parties to meet after the US stock market closed on Tuesday to discuss government spending agreements and financial rescue plans.

Apple plans to increase iPhone production, stock price soars 5%


At the company level, Apple’s stock price jumped 5% on Tuesday, providing a greater impetus for U.S. stocks. Earlier reports said that due to the surge in demand for 5G mobile phones, Apple plans to increase iPhone production in the first half of 2021. Increased by 30% to about 96 million units.

Good news in UK-EU trade talks, pound continues to rise against U.S. dollar

The three major European stock markets were mixed on Tuesday. London stocks closed down 0.28%, Paris stocks were almost flat, and Frankfurt stocks closed up 1.06%, the biggest one-day gain in three weeks. A British MP and local media said that the UK and the EU may be about to reach a trade agreement. The news pushed the pound to rise further against the US dollar on Tuesday. At the same time, London will raise the level of prevention and control of the new crown pneumonia epidemic to the highest level. The news put pressure on the London stock market. The data shows that the UK’s current epidemic prevention measures have caused the UK’s unemployment rate to rise to 4.9% in October.

The EU is expected to approve the first new crown vaccine on December 23

In addition, the European Union said on Tuesday that the news that it is expected to approve the first new crown vaccine before Christmas will help other European stock markets generally rise.

China’s record crude oil throughput growth boosts crude oil prices

Crude oil prices rose on Tuesday. US WTI light crude oil futures closed at 47.62 US dollars per barrel. Brent crude oil futures closed at $50.76 per barrel. China’s November crude oil throughput increased by a record 3.2% year-on-year, which market analysts believe has boosted market confidence in future fuel demand growth.

U.S. dollar index falls, boosting gold prices

The price of gold rose significantly on Tuesday, and gold futures for delivery in February 2021 were quoted at $1,855.30 per ounce. The expectation of more fiscal stimulus in the United States increased, and the superimposed dollar index fell to a low of about two years on Tuesday, boosting the price of gold.

Apple is punished! EUR 10000000

After the “downspeed gate” incident, Apple was fined high for misleading business behavior.
Italy’s antitrust authorities said on Monday it had fined Apple 10 million euros (US $12 million) for its “aggressive and misleading” business practices in selling iPhones, Reuters reported.
According to reports, a regulatory statement said the company’s ads claimed that several iPhones were waterproof, but did not make it clear that they were waterproof only in certain circumstances.
Regulators pointed out that Apple’s claim in the disclaimer that phones damaged by liquid were not included in the warranty, which deceived customers and did not provide assistance if the phone was damaged by water or other liquids.
Apple declined to comment on the news.
According to media reports, in July this year, a consumer surnamed Yan bought an iPhone XS max, which was damaged by water for two minutes (the phone purchased in October 2018), and the repair fee given by Apple’s after-sales store was 4600 yuan. Mr. Yan thinks that the advertisement on Apple’s official website says “stay under water for up to 30 minutes”, questioning the false propaganda of Apple’s advertisement to mislead consumers.
At that time, apple responded that the iPhone meant “water-resistant” rather than “water-resistant”. The phone could only be water-proof, and even if the new phone was flooded, it would not be guaranteed.
Some netizens asked the question “XS Max apple is waterproof, but it is not waterproof?”
In response, Apple’s official reply said that the waterproof effect of the iPhone XS and iPhone XS Max reached IP68 level under IEC 60529 standard (the longest water storage time is 30 minutes in 2 meters of water). The waterproof effect of iPhone XR, iPhone x, iPhone 8, iPhone 8 plus, iPhone 7 and iPhone 7 plus reaches IP67 level under IEC 60529 standard (30 minutes in water with a maximum depth of 1 meter). Splash proof, water resistance and dust resistance are not always effective, and the protective performance may decrease due to normal wear and tear. However, consumers may enjoy the rights granted by the consumer rights law.
Apple’s official response said the iPhone XS, iPhone XS Max and iPhone XR protect against accidental spills of common liquids, such as soda water, beer, coffee, tea and juice. If splashed, rinse the affected area with tap water, then wipe and dry the iPhone.
Damage to the iPhone or iPod caused by immersion in water and other liquids is not covered by the warranty.

Apple’s stock price plummeted!

Tesla and China concept stocks skyrocketed during intraday trading, leading energy auto stocks

On the company side, the U.S. awarded transportation contracts to Uber and Lyft, causing the share prices of these two companies to rise intraday. Due to the strong optimism of brokerage firms, electric vehicles and China concept stocks ushered in a surge. Tesla shares rose more than 7% in intraday trading, setting a record high. The closing price was $521.49 per share. Happy Cars rose 50%, and Ideal Cars rose 14.3%. Xiaopeng Motors rose more than 30%, hitting a maximum of 70.17 US dollars, and its intraday market value exceeded 51.5 billion US dollars.

U.S. stocks opened higher on Monday and the Dow is expected to reach new highs

On Monday, November 23, the global capital market performed brilliantly on the first trading day of the week. The newly announced initial value of the Markit Manufacturing PMI in the United States in November rose to 56.7, a record high in six years. The Dow opened nearly 200 points higher. It is reported that Biden will nominate former Federal Reserve Chairman Yellen as the next Secretary of the Treasury of the United States. The Dow’s gains expanded more than 400 points after the news was announced, and Boeing’s gains exceeded 7%. The decline in US anti-epidemic technology stocks is the main reason that dragged down the Nasdaq’s intraday gains. Among the constituent stocks, Apple shares fell more than 2.3%, and the company’s chief security officer Thomas was accused of bribery. Apple’s stock price fluctuated around $113.80. The closing price fell 2.97%. Amazon fell at least 1.8% intraday, leading the market with Netflix.

Nevertheless, when the U.S. stock market closed, the Dow rose 327.79 points, or 1.12%, and this month is expected to be the best month since 1987. The S&P 500 and the Nasdaq gained 0.56% and 0.22% respectively.

Vaccine re-transmission is good, European stocks are cautious

In the early trading of European stocks, AstraZeneca announced that its vaccine candidate could prevent an average of 70% of coronavirus cases, boosting trading sentiment. Oil and gas stocks such as BP and Royal Dutch Shell led the market. The stocks of companies such as British Airways and Rolls-Royce also performed well. In addition, the November manufacturing PMI of Germany and the Eurozone was higher than expected. However, the November comprehensive PMI of France and the United Kingdom both reached new lows, and investors’ trading sentiment was very cautious. At the close, the three major European stock indexes closed slightly lower.

Britain and Canada sign agreement, economic and trade circle expansion pushes pound up

This past weekend, the UK and Canada signed a trade agreement, which included the exemption of tariffs on 98% of Canadian products exported to the UK. The UK’s economic and trade circle of friends expanded again after Japan, pushing up the exchange rate of the pound sterling to over 1.33 against the dollar.

Risk aversion cools down, international gold prices plummet, international oil prices rebound

In the metal market, positive economic news and significant progress in vaccine research and development have weakened investors’ demand for safe-haven gold. The price of gold plunged US$20 in the short term, and COMEX December gold futures closed down 1.85% to US$1837.80 per ounce.

International oil prices rebounded due to economic demand. WTI crude oil futures for January delivery in New York closed at $43.06 per barrel, an increase of 1.51%. International Brent oil prices rose 2.45% to US$46.06 per barrel.

In addition, due to the strengthening of the US dollar, copper prices fell on Monday from the 29-month high reached last Friday, but strategists believe that copper prices may still rise.