Latest news with #Mate70
Globe and Mail
24-02-2025
- Business
- Globe and Mail
Is Apple Stock a Buy, Sell, or Hold on Plans to Invest $500 BILLION in American Innovation?
Apple (AAPL) says it's 'bullish on the future of American innovation.' To that end, the iPhone maker plans on investing more than $500 billion to double its advanced manufacturing fund and set up a new factory in the United States. The tech titan will spend that money over the next four years – and executing this plan will create some 20,000 new jobs in the U.S., according to its press release on Monday. Apple stock has rallied more than 10% since late January and is down just about 1% in the year to date. Should You Buy Apple on Its U.S. Investment Plans? Apple's investment is aimed at onshoring manufacturing and minimizing the company's reliance on countries such as China and Mexico. That makes the tech stock a bit more attractive to own at current levels since it could contribute to emancipating AAPL from potentially higher tariffs against both countries under President Donald Trump's administration. Still, David Vogt, a UBS analyst, cautions the good news is already backed into the Apple stock. Vogt reiterated his 'Neutral' rating on Apple shares this morning. His $236 price target indicates potential downside of about 4% from here. Why Is UBS Analyst Dovish on AAPL Shares? Other than valuation concerns, UBS is dovish on Apple stock because it's seeing weakness in China. Apple is struggling with retaining its market share against local rivals, including Huawei, in its second-largest market, the UBS analyst said. Huawei's recently launched 'Mate 70' with its advanced AI features is attracting buyers and stealing share from AAPL, he added. All in all, UBS is cautious on Apple shares as they continue to enjoy a high multiple even though the company grew its revenue by just over 2% in 2024. Do Other Analysts Agree With UBS on Apple Stock? Investors should also note that UBS is not alone in seeing Apple stock as priced to perfection. While the consensus rating on AAPL currently sits at 'Moderate Buy,' the mean target of $250 translates to less than 2% upside in the tech stock from current levels.
Bloomberg
28-01-2025
- Business
- Bloomberg
Huawei's Google-Free Phones Are Making Real Progress
Huawei Technologies Co.'s ambition in consumer devices over the past year has been to decouple from Alphabet Inc.'s Android software entirely, culminating with the launch of its made-in-China HarmonyOS Next alongside the Mate 70 smartphone in December. It's the most substantial attempt at building a third mobile ecosystem, outside of Apple Inc.'s iPhone empire and the Google-led Android confederation, and it builds on the company's considerable reach, resources and nearly a billion existing users in China. HarmonyOS got its start in 2019 when US trade restrictions barred Huawei from doing regular business with the likes of Google. After years of relying on the open-source Android infrastructure — and thus maintaining compatibility with Android apps — Huawei is striking out on its own and hoping to bring major service and software providers along for the ride. It's an existential matter for the company's consumer business, as the US president who initiated sanctions on the company has returned for a second term, offering little prospect of relief.
