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Nvidia surpassed Microsoft on June 3, 2025, achieving a market capitalization of $3.45 trillion, driven by its dominance in the AI chip market, where it holds 70-95% share. Despite facing challenges from export controls and tariffs, Nvidia's financial performance remains strong, with a 78% gross margin. The geopolitical landscape complicates its operations, particularly with significant exposure to the Chinese market amid rising trade tensions.
Google Wallet will discontinue support for linked PayPal accounts in the US starting June 13, 2025, removing all such accounts from the app. Users must switch to credit or debit cards for payments, as new PayPal accounts cannot be linked from April 11, 2025, and transaction histories will only be accessible on PayPal's platform. This change reflects a broader trend in the digital payments landscape, where wallet providers are increasingly competing rather than collaborating, leading to a fragmented ecosystem.
[Source: Bloomberg]
Apple is the only major tech stock to decline following the announcement of Trump's tariffs, while other giants like Amazon, Google, Meta, Microsoft, and Nvidia have seen significant gains. Since April 2nd, these companies have rebounded, driven by AI enthusiasm and strong earnings, while Apple remains in the red.
Sales of foreign-branded mobile phones in China, including Apple Inc.'s iPhones, increased slightly in April, with shipments rising to 3.52 million units from 3.50 million a year earlier. Apple's strong performance continues to significantly influence the foreign mobile phone market in the country.
Huawei's smartphone sales surged 19% in Q1 2025, securing the top position in the Chinese market, driven by government subsidies that provided discounts across its device range. The company outperformed rivals, while overall smartphone shipments in China grew by 5% year-on-year, aided by the subsidy program. In contrast, Apple experienced a decline in sales, dropping from 21% to 15% amid fierce competition from Chinese brands.
UBS has maintained a "Neutral" rating on Apple, setting a price target of $210, amid concerns over potential US import tariffs on foreign-made iPhones. Analyst David Vogt noted that while the proposed 25% tariff would have a minor impact on earnings, it introduces market uncertainty that could pressure margins and valuations.
Xiaomi has unveiled its first electric SUV, the YU7, and a self-designed 3-nanometer chip, the Xring O1, in a bid to compete with Tesla, Apple, and Huawei. The YU7 boasts an impressive 835 km range and rapid acceleration, while the Xring O1 aims to outperform Apple's latest chips, marking a significant shift for the company from budget smartphones to high-tech innovations. This expansion reflects China's push for technological self-reliance amid ongoing U.S.-China tensions.
Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music support products. Its net sales are primarily driven by telephone products, particularly the iPhone, which accounts for 51.4% of revenue, followed by peripheral devices, computers, and music support. Geographically, sales are strongest in the Americas, followed by Europe and Asia.
Apple has raised trade-in values for iPhones in China to combat declining sales amid fierce competition from local brands like Huawei and Xiaomi. The iPhone 15 Pro Max's trade-in value increased to 5,700 yuan ($791), while the iPhone 15 Pro's rose to 4,750 yuan ($659.33). Despite these adjustments, Apple faces challenges, including an 8% drop in shipments and a decrease in market share, prompting considerations to shift assembly to India and incorporate AI features through a partnership with Alibaba.
Apple Inc.
Companies
| Symbol | AAPL |
| Name | Apple Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Technology Hardware & Equipment |
| Industry | Electronic Equipment, Instruments & Components |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Cupertino |
| Zipcode | 95014 |
| Website | http://www.apple.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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