Nvidia board weighs Huang's future amid U.S. scrutiny
Nvidia's board is scheduled to meet to decide whether to remove CEO Jensen Huang following reports of extramarital affairs, including one invol...
Apple lost its position as China’s top smartphone seller in 2024, with Vivo and Huawei surpassing it after a 17% drop in shipments, marking its largest-ever annual decline. Rising competition, Huawei’s comeback, and shifting consumer trends challenge Apple’s market position.
Apple has lost its position as China's top smartphone seller in 2024, with local rivals Vivo and Huawei surpassing the company after its shipments in the country fell by 17%, according to data released by research firm Canalys on Thursday.
This marks Apple’s largest-ever annual sales decline in China, with a drop seen in all four quarters of the year, including a significant 25% dip in the final quarter. For the year, Vivo, known for its budget smartphones, captured 17% of the market share, followed by Huawei at 16%, and Apple at 15%. The shift highlights the increasing competition Apple faces from domestic brands in one of its most important global markets.
The decline also underscores how factors such as the lack of artificial intelligence features in the latest iPhones—especially in a China where ChatGPT is not accessible—are impacting Apple’s competitive edge. Canalys analyst Toby Zhu remarked, "This is Apple's worst performance in China to date."
He further pointed out the challenges facing Apple's premium market position, noting the strong presence of Huawei’s flagship releases, the rise of foldable Android phones in the high-end market, and growing consumer loyalty to brands like Xiaomi and Vivo, which continue to innovate with new technologies.
Apple had experienced four years of consistent growth following U.S. sanctions on Huawei in 2019, which limited its access to American tech. However, since launching new phones with domestically-produced chipsets in August 2023, Huawei has made a strong return to the premium segment, posting a 24% increase in shipments in the fourth quarter.
Apple has responded to the market pressure by offering rare discounts, including a four-day promotion in China from January 4-7, where it offered price cuts of up to 500 yuan ($68.50) on its iPhone 16 models through its official channels. E-commerce giants, such as Alibaba’s Tmall, followed suit with their own price cuts, offering discounts up to 1,000 yuan ($137) on the latest iPhone 16 series.
Among the top five vendors, Xiaomi showed the strongest growth, with a 29% increase in shipments in the fourth quarter, while Oppo and Vivo saw increases of 18% and 14%, respectively, according to Canalys data. Overall, smartphone shipments in China grew by 4% year-on-year in 2024, reaching 285 million units.
Delegations from Russia, Ukraine and the United States met in Abu Dhabi on Tuesday for their first formal talks in nine months. They did so with no agreement on what a ceasefire would be tied to or who gets to keep the land currently under Russian control.
UN Secretary-General António Guterres delivered a stark warning at this year's COP31 summit, saying the climate crisis iss advancing faster than governments' efforts to contain it.
At least 17 people have been reported killed in an explosion at a steel plant in western Türkiye, after a crane collapsed during maintenance work. The disaster has prompted a criminal investigation into what went wrong at the industrial facility.
Here's your AnewZ Daily Brief for 11 November. Today, we cover Russia-Ukraine peace talks, political tensions in Washington, strikes in Spain, espionage allegations involving Nvidia's CEO, and climate negotiations at COP31 in Türkiye.
U.S. envoy Jared Kushner said Washington believes the Russian President is prepared to reach a peace agreement under the right conditions, as U.S., Russian and Ukrainian delegations began trilateral talks in Abu Dhabi on Tuesday 10 November.
Nvidia's board is scheduled to meet to decide whether to remove CEO Jensen Huang following reports of extramarital affairs, including one involving a woman suspected of links to Chinese intelligence, as U.S. lawmakers intensify scrutiny of the chipmaker's exports to China.
Calls for Nvidia CEO Jensen Huang to resign are growing amid national security concerns, raising questions about the future of the AI chip giant. With billions in quarterly revenue, no announced successor and investors already reacting to the controversy, what happens if its co-founder steps down?
Azerbaijan is seeking international investment to develop more than four gigawatts (GW) of offshore wind power in the Caspian Sea, as part of plans to expand renewable energy and establish electricity export routes to Türkiye and Europe.
The FBI is investigating Nvidia CEO Jensen Huang's relationship with a Chinese businesswoman suspected of passing information to Beijing, U.S. President Donald Trump said on Monday, 9 November.
Nvidia has launched an independent investigation into whether its chief executive, Jensen Huang, was targeted in a foreign intelligence operation, following allegations that a businesswoman with whom he had a relationship passed information to Beijing.
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