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In Q4 2024, Apple lost its lead in the Chinese smartphone market to Vivo and Huawei, with Vivo capturing 17% and Huawei 16% of the market share, while Apple fell to 15%. The decline is attributed to the lack of AI-powered features in iPhones, making them less appealing to consumers amid fierce competition from domestic brands.
UBS has reaffirmed its Buy recommendation for Diageo, maintaining a target price of 2920 pence, indicating a potential 25% upside. The firm anticipates first-half sales and EBIT growth of 1.1% and a decline of 1.4%, respectively, driven by a 3.6% increase in US spirits sales, outperforming the sector's expected decline.
UBS has reaffirmed its Buy recommendation for Diageo, maintaining a target price of 2920 pence, indicating a potential 25% upside. Analysts anticipate first-half sales and EBIT growth of 1.1% and a decline of 1.4%, respectively, driven by a 3.6% increase in US spirits sales, contrasting with a sector decline of 1%. Sustainable growth is expected in the second half.
Huawei became China's second-largest smartphone brand in 2024, shipping 46 million units and capturing a 16% market share, driven by a 37% year-on-year growth. This resurgence follows U.S. sanctions that previously hindered its access to advanced chips, with innovations like self-developed chips and HarmonyOS Next playing a key role. Vivo led the market with a 17% share, while Apple fell to third, as the overall smartphone shipments in China grew by 4% to 285 million units, indicating a market recovery.
Apple regained the top position in China's smartphone market in Q4 2023 but fell to third place in 2024 amid fierce competition from domestic brands like Huawei. In Q4, Apple’s shipments dropped 25% to 13.1 million units, while Huawei's rose 24% to 12.9 million units. For the full year, Apple’s shipments fell 17% to 42.9 million, trailing behind Vivo and Huawei.
Huawei and Vivo have surpassed Apple in China's smartphone market for 2024, with Apple experiencing a 17% drop in sales, including a 25% decline in Q4, marking its largest fall in the region. Meanwhile, as a TikTok ban looms, many users are migrating to RedNote, an alternative platform that closely resembles the popular app.
VP Bank in Liechtenstein has achieved high client satisfaction, with over three-quarters of private banking clients expressing satisfaction in a YouGov survey. Key factors include accessibility, personal advice, and prompt service, contributing to a Net Promoter Score of +31. Intermediaries also reported strong satisfaction, with a score of +25.
UBS has upgraded Zalando's stock rating from Neutral to Buy, raising the target price from €28 to €40, indicating a 37% upside potential. The upgrade follows Zalando's strong fourth-quarter performance, with adjusted EBIT expected to reach €510 million, surpassing previous guidance. Additionally, gross merchandise volume for fiscal 2024 is projected to rise by 4.5% to €15.3 billion, while sales are anticipated to increase by 3.9% to €10.5 billion.
UBS has upgraded Zalando's stock rating to Buy from Neutral, raising the target price to €40 from €28, indicating a potential upside of 37%. This follows Zalando's better-than-expected fourth quarter, with adjusted EBIT projected at €510 million, surpassing previous guidance. Fiscal 2024 gross merchandise volume is expected to rise 4.5% to €15.3 billion, while sales are anticipated to increase by 3.9% to €10.5 billion.
UBS Group AG has increased its stake in Britvic plc, raising its voting rights from 7.26% to 8.08% as of January 14, 2025. This strategic adjustment may influence market perception and stakeholder interests in the UK-based beverage company, known for its soft drinks. Britvic currently has a market cap of £3.25 billion and a year-to-date price performance of 2.18%.
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Apple loses ground in China's smartphone market to Vivo and Huawei
13:31 16.01.2025
ubs maintains buy rating on diageo citing strong us growth potential
12:59 16.01.2025
ubs maintains buy rating on diageo citing strong us growth potential
12:59 16.01.2025
huawei regains second place in china smartphone market with strong growth
12:11 16.01.2025
apple slips to third in china smartphone market amid fierce competition
Chinese Yuan
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12:00 16.01.2025
Huawei and Vivo surpass Apple in China's smartphone market as TikTok users migrate
11:52 16.01.2025
vp bank achieves high client satisfaction and loyalty in private banking
11:32 16.01.2025
ubs upgrades zalando to buy with increased target price and positive outlook
11:27 16.01.2025
ubs upgrades zalando to buy with increased target price and positive outlook
11:27 16.01.2025
ubs group increases stake in britvic plc to over eight percent
11:22 16.01.2025
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