Apple Faces Huawei's 68% Foldable Fortress

Product / TechEarnings
โดย GuruFocus·US·Read original
Summary · why it matters

Apple entered its September 9 product event under pressure from Huawei and Xiaomi, with Huawei pricing its Mate XT2 at $2,980 and Xiaomi unveiling the $1,540 18 Fold. Apple shares closed at $319.97 after a 2.5% drop. In China, Huawei captured 22.6% of the smartphone market in the second quarter, beating Apple's 18.1%, and dominated foldables with a 68% shipment share. Apple's fiscal third-quarter revenue surged 16% to a record $109.4 billion, with iPhone sales of $54.25 billion, which accounted for roughly 49.6% of quarterly revenue. At $319.97, the stock trades 12.35% above its GF Value estimate of $284.79, and Apple must maintain its 50.1% gross margin to support its premium valuation.

Impact on stocks 3

Artificial Intelligence▼ · 2 stocks
Apple Inc.
AAPL
▼ NegativeCompetitionrelevance

Huawei and Xiaomi launch competitive foldables, and Huawei's market share in China surpasses Apple's.

Electrification & Mobility▲ · 1 stocks
Xiaomi Corp
1810
▲ PositiveCompetitionrelevance

Xiaomi unveils the 18 Fold at a lower price, competing directly with Apple.

Off-coverage companies 1

HuaweiPrivate▲ Positive
Competitionrelevance

Huawei's Mate XT2 priced at $2,980 and its dominant foldable market share strengthen its competitive position.

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