Hong Kong November 19

AAPL: 118.78

Stock Chart

Jony Ive’s year-ago prediction that the Swiss watch industry would be in trouble once the Apple Watch launched appears to have been correct (his actual language was said to have been stronger). Bloomberg reports that Swiss watch exports suffered their biggest slump in six years.

Shipments declined 12 percent to 2 billion Swiss francs ($2 billion), the Swiss customs office said in a statement Thursday. Adjusted for fewer working days, the drop was 7.6 percent. Exports to the U.S. dropped 12 percent.

“2015 has been one to forget for the watchmakers,” said Jon Cox, an analyst at Kepler Cheuvreux in Zurich.

The figures show that both higher- and lower-end brands are being hit hard, especially in the world’s biggest market for Swiss watches, Hong Kong …  expand full story

Hong Kong October 27

AAPL: 114.55

Stock Chart

On its earnings call, Apple has announced a further expansion of Apple Pay in partnership with American Express, to Australia and Canada in 2015 as well as Spain, Singapore and Hong Kong next year in 2016. Exact details are still murky — Tim Cook very specifically said ‘eligible American Express customers in these regions’ so it isn’t going to be as big as a rollout for Apple Pay as we saw for the US or UK.

expand full story

Hong Kong September 29

AAPL: 109.06

Stock Chart

With Apple having announced all-time record iPhone sales, you might have expected analysts and investors to be impressed, and to see the AAPL share price rise as a result. Instead, the stock is actually down a little – so what gives?

The answer, like the one to so many questions today, is: China. This is the first iPhone launch where mainland China, and not just Hong Kong, has been included from day one. This means the opening weekend sales of 13M versus 10M last year aren’t like-for-like.

Apple hasn’t revealed what percentage of iPhone sales were made in China, but we can do some back-of-an-envelope sums to get a rough idea …  expand full story


Hong Kong August 12

AAPL: 115.24

Stock Chart

From some recent news reports and analyst pronouncements, we could easily get the impression that the relatively weak Chinese economy poses a major threat to Apple. The argument doing the rounds is that China is where Apple is seeing most of its growth at present, and the Chinese economy is tanking.

It’s absolutely the case that the importance of China to Apple cannot be overstated. Apple does continue to grow its sales in both the Americas and Europe, of course, and there is no suggestion that this is showing any sign of slowing, despite a saturated smartphone market. But worldwide growth of 33% was dwarfed by that seen in China, as one recent graph vividly illustrated.

If Chinese demand for Apple products were indeed to weaken significantly, there is no doubt that this would be a major problem for Apple. But it seems to me that the issue is being substantially over-stated …  expand full story

Hong Kong August 6

AAPL: 115.13

Stock Chart

Apple’s ResearchKit system is going international for the first time since its launch earlier this year with Stanford University’s MyHeart Counts app being made available for UK and Hong Kong iPhone users.  The MyHeart Counts app was among the initial iPhone-based research study apps that debuted this year. Stanford said just after the app’s release that ResearchKit did in 24 hours what would ordinarily take 50 medical centers a year to accomplish. expand full story

Hong Kong July 30

AAPL: 122.37

Stock Chart

Tim Cook tweeted his thanks today to the “thousands of Hong Kong customers” who attended the opening of the company’s fourth Apple Store in Hong Kong.

Plans for the store were first announced in 2013, with construction photos first seen in February. Apple announced the opening date on its website a couple of weeks ago. The additional store is part of Apple’s ambitious expansion program in China, having so far opened six of the 25 new stores it plans to open within two years.

Photos of the new store can be seen below …  expand full story


Submit a Tip


Submitting a tip constitutes permission to publish and syndicate. Please view our tips policy or see all contact options.

Powered by WordPress.com VIP