In the Press Archive - Counterpoint https://www.counterpointresearch.com/about/in-the-press/ Technology Market Research & Industry Analysis Firm Tue, 23 Jul 2024 10:53:23 +0000 en-US hourly 1 https://www.counterpointresearch.com/wp-content/uploads/2021/12/counter_favicon-150x150.png In the Press Archive - Counterpoint https://www.counterpointresearch.com/about/in-the-press/ 32 32 Interview: MySmartPrice and Counterpoint – All about AI PCs https://www.counterpointresearch.com/about/in-the-press/interview-mysmartprice-and-counterpoint-all-about-ai-pcs/ Tue, 23 Jul 2024 10:33:02 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1047769 Our Senior Analyst, Anshika Jain, in a recent interview with MySmartPrice gave her key takeaways on AI PCs and how AI is revolutionizing the way you use your computer. The Interview Key Takeaways – AI PC market, is still in the deployment stage, with many component vendors actively participating. In the next year, more momentum […]

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]]> Our Senior Analyst, Anshika Jain, in a recent interview with MySmartPrice gave her key takeaways on AI PCs and how AI is revolutionizing the way you use your computer.

The Interview

Key Takeaways

– AI PC market, is still in the deployment stage, with many component vendors actively participating. In the next year, more momentum from the OEM side is expected, with leading players such as Lenovo, HP, Dell, and ASUS introducing more AI PC-related portfolios.
– AI PC will certainly redefine both the user interface and user interaction. These devices will be more user-friendly, and in terms of customer adoption, the redefinition will be characterized by five Cs – Content discovery, content aggregation, content creation, customization, and camera enhancement.
– Arm-based PCs are expected to capture around 43% share in 2024. However, shipments from the largest OEMs will continue to utilize the X86 architecture, and increased momentum from X86 is anticipated starting in 2025, with Intel Panthera Lake and AMD Streaks Point and Kraken Point expected to be major volume contributors in the coming period.
– As Qualcomm continues to invest and leverage its clout in smartphone technology, the adoption of ARM-based PCs powered by Qualcomm is expected to rise.
– For AI PC, large storage capacity is essential to run certain predefined algorithms. Thus, a large battery, good input sources like camera sensors and microphones, and strong connectivity are required. Memory enhancement will also be seen in the coming period.

Watch the video to know more about our analyst’s take on AI PCs.

Related Posts

  1. AI PC Trend and Insights
  2. Counterpoint Conversations: On-device GenAI – The Next Big Thing for AI PCs
  3. Global PC Market Warms Up in Q2 2024, Ahead of Upcoming AI PC Boom in H2
  4. MediaTek-NVIDIA Partnership to Bring Windows-on-Arm PCs in 2025

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]]> Apple’s Optimism Shines Amid Fiscal Q2 Earnings https://www.counterpointresearch.com/about/in-the-press/interview-apple-optimism-shines-amid-fiscal-q2-earnings/ Fri, 17 May 2024 12:46:05 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1042451 Our Research Director, Tarun Pathak, in a recent interview with CNBC gives his key takeaways on the tech giant Apple second-quarter earnings. The Interview Key Takeaways -Apple showed significant optimism about the future, particularly in leveraging AI and integrating GenAI into their products. -Apple announced $110 Billion Buyback Program, which signals a positive outlook for […]

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]]> Our Research Director, Tarun Pathak, in a recent interview with CNBC gives his key takeaways on the tech giant Apple second-quarter earnings.

The Interview

Key Takeaways

-Apple showed significant optimism about the future, particularly in leveraging AI and integrating GenAI into their products.
-Apple announced $110 Billion Buyback Program, which signals a positive outlook for the company’s future, reflecting confidence in long-term strategy.
-Even though the iPhone sales declined, the market still responded positively to that.
-Services revenue is robust, supported by a billion paying subscribers which is rare in the tech space.
-Competitive pressures from Huawei in the Android space in China and advancements in Android’s Gen AI features present challenges.
-Apple’s outlook to conquer this competitive pressure in China remains to be seen.

Related Posts

  1. Apple Could be Looking for iPhone GenAI Partnerships in China and Globally
  2. Apple's Services Revenue Grows to Reach Highest Ever Share as Product Revenues Decline
  3. Apple’s iPad Pro OLED -What it Means for the Future of the Tablet Market
  4. GenAI-capable Smartphone Shipments to Grow Over 4X by 2027
  5. Global Smartphone Market Grows 6% YoY in Q1 2024; Revenue Reaches Highest Level in a First Quarter
  6. iPhone 15 Pro Max Best-selling Smartphone in Q1 2024

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]]> Interview: SoftBank’s AI Turnaround Strategy- Diversification and Profitability Focus https://www.counterpointresearch.com/about/in-the-press/interview-softbanks-ai-turnaround-strategy-diversification-and-profitability-focus/ Thu, 16 May 2024 06:51:19 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1042229 Our Research Vice President, Neil Shah, in a recent interview with CNBC gives his main takeaways on Softbank Group’s and its diversification beyond its overexposure with Arm to capitalize on the expanding AI market. The Interview Key Takeaways – SoftBank Group’s turnaround hinges on AI investments but remains overexposed with Arm. – SoftBank Group’s value […]

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]]> Our Research Vice President, Neil Shah, in a recent interview with CNBC gives his main takeaways on Softbank Group’s and its diversification beyond its overexposure with Arm to capitalize on the expanding AI market.

The Interview

Key Takeaways

– SoftBank Group’s turnaround hinges on AI investments but remains overexposed with Arm.
– SoftBank Group’s value chain, from Arm designs to chips manufacturing currently supported by cloud giant, NVIDIA
– SoftBank should diversify investments beyond NVIDIA into chip makers, device manufacturers, and software firms to capitalize on the expanding AI market over the next decade.
– SoftBank’s future investments in AI will likely need to focus on companies that can demonstrate profitability within the evolving AI landscape.

Related Posts

  1. AI PC Era Edges Closer as Qualcomm Readies Snapdragon X Series for Take-off
  2. Emerging AI Devices & Future Form Factors
  3. Global Quarterly Arm PC Forecast Q4 2023
  4. NVIDIA GTC 2024: Analysts' Insights and Industry Trends
  5. PC Market Back in Black in Q1 2024; AI PCs to Drive 2024 Growth
  6. Qualcomm Readies Snapdragon X Series for Launch as AI PC Era Draws Near

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]]> Huawei flagship store surge in China signals showdown with Apple https://www.counterpointresearch.com/about/in-the-press/huawei-flagship-store-surge-in-china-signals-showdown-with-apple/ Wed, 15 May 2024 12:30:27 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1043857 HONG KONG, May 15 (Reuters) – Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone’s throw away from Apple (AAPL.O), opens new tab shops, as it seeks to retake the premium electronics throne in the world’s biggest smartphone market. Huawei opened four such stores in major Chinese cities […]

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]]> HONG KONG, May 15 (Reuters) – Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone’s throw away from Apple (AAPL.O), opens new tab shops, as it seeks to retake the premium electronics throne in the world’s biggest smartphone market.

Huawei opened four such stores in major Chinese cities between December and February, an aggressive marketing blitz by a company that had largely relied on licensed distributors and is rebounding from U.S. sanctions imposed in 2019 that had crippled its smartphone business for four years until it could source domestic replacement parts.

Apple has 47 stores in mainland China. Huawei, which did not open a flagship store until 2019, now has 11 of them.
“I think they will open more than 20 of them. Then it will eventually catch up to Apple,” said Ethan Qi, associate director at research firm Counterpoint…Read More

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]]> SMIC Profit Misses Estimates on Weak Chinese Consumer Sentiment https://www.counterpointresearch.com/about/in-the-press/smic-profit-misses-estimates-on-weak-chinese-consumer-sentiment/ Thu, 09 May 2024 12:32:37 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1043859 The Pura 70 series Huawei unveiled in April sports a 7-nanometer processor made by SMIC. It is a slightly upgraded version of the 7nm chip SMIC made for the Mate 60 Pro model introduced in 2023. Huawei’s smartphone shipments surged 70% in the first quarter, research firm Counterpoint estimated. The Pura 70 series sold out […]

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]]> The Pura 70 series Huawei unveiled in April sports a 7-nanometer processor made by SMIC. It is a slightly upgraded version of the 7nm chip SMIC made for the Mate 60 Pro model introduced in 2023.
Huawei’s smartphone shipments surged 70% in the first quarter, research firm Counterpoint estimated. The Pura 70 series sold out within two days of their launch, according to Jefferies analysts led by Edison Lee…Read More

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]]> Qualcomm’s Smartphone Future Looks Brighter With AI https://www.counterpointresearch.com/about/in-the-press/qualcomms-smartphone-future-looks-brighter-with-ai/ Wed, 08 May 2024 12:29:17 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1043855 A growing number of smartphones and personal computers with AI processors and capabilities embedded in the hardware are making their way to the market this year. Such on-device AI offers benefits such as faster speed in processing AI tasks as well as greater privacy—as less data has to go back and forth between the cloud for such […]

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]]> A growing number of smartphones and personal computers with AI processors and capabilities embedded in the hardware are making their way to the market this year. Such on-device AI offers benefits such as faster speed in processing AI tasks as well as greater privacy—as less data has to go back and forth between the cloud for such tasks. Samsung’s Galaxy S24 phones offer functions such as real-time translating and image-based web search. The market has been receptive; unit sales of the S24 phones during their first three weeks after launch were up 8% from the previous Galaxy family’s sales last year during the same window, according to Counterpoint Research…Read More

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]]> Apple’s New iPad Pro Turns Device Into True Laptop Replacement https://www.counterpointresearch.com/about/in-the-press/apples-new-ipad-pro-turns-device-into-true-laptop-replacement/ Sun, 05 May 2024 12:37:27 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1043861 Apple earnings results turn into AI lovefest. First the numbers: Apple’s earnings report went about as smoothly as possible for a company that saw its revenue decline by more than $4 billion. Chief Executive Officer Tim Cook and Chief Financial Officer Luca Maestri seem to have sold Wall Street on the idea that iPhone sales in the period […]

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]]> Apple earnings results turn into AI lovefest. First the numbers: Apple’s earnings report went about as smoothly as possible for a company that saw its revenue decline by more than $4 billion. Chief Executive Officer Tim Cook and Chief Financial Officer Luca Maestri seem to have sold Wall Street on the idea that iPhone sales in the period would have grown if not for a $5 billion headwind stemming from pent-up demand for the iPhone 14 Pro in the same quarter of last year (in other words, a tough year-over-year comparison).
Sales of the iPad declined, but that wasn’t a shock given the lack of recent updates. It’s perhaps more troubling that revenue from the Wearables, Home and Accessories business was worse than anticipated, considering the Vision Pro launched during the quarter. Services and the Mac division, meanwhile, both grew more than expected. In China, the situation is a little more puzzling. Apple says that iPhone revenue was up in mainland China, but research firms like Counterpoint have been saying for weeks that demand for the device is cratering there…Read More

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]]> Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China https://www.counterpointresearch.com/about/in-the-press/apple-reports-decline-in-sales-and-profit-amid-iphone-struggles-in-china/ Sat, 04 May 2024 12:16:02 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1043853 Apple’s struggles were most worrisome in China, the world’s second-largest smartphone market, where sales fell 8 percent. The iPhone’s popularity there has waned since Huawei, which the Trump administration restricted from working with U.S. technology firms, introduced a new smartphone with 5G abilities last year. Last quarter, Apple’s share of smartphones sold in China fell […]

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]]> Apple’s struggles were most worrisome in China, the world’s second-largest smartphone market, where sales fell 8 percent. The iPhone’s popularity there has waned since Huawei, which the Trump administration restricted from working with U.S. technology firms, introduced a new smartphone with 5G abilities last year. Last quarter, Apple’s share of smartphones sold in China fell 4 percent, according to Counterpoint, a technology research firm…Read More.

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]]> Apple’s Surprise iPhone China Growth Leaves Lingering Questions https://www.counterpointresearch.com/about/in-the-press/apples-surprise-iphone-china-growth-leaves-lingering-questions/ Fri, 03 May 2024 11:52:56 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1043423 Apple doesn’t dive deep into geographical data nor reveal iPhone shipments in general, leaving third-party analysts to parse available information. This year’s iPhone sales in China were more heavily skewed toward newer models, Counterpoint analyst Charles Moon said, nudging up the average selling price per unit. That may help explain how the company’s unit sales […]

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]]> Apple doesn’t dive deep into geographical data nor reveal iPhone shipments in general, leaving third-party analysts to parse available information. This year’s iPhone sales in China were more heavily skewed toward newer models, Counterpoint analyst Charles Moon said, nudging up the average selling price per unit. That may help explain how the company’s unit sales could be down while revenue was up.
“Mostly it’s the shift in product mix that’s supporting the revenue number,” Moon said. Counterpoint estimates Apple’s global ASP for the March quarter was $900, a new high for the period. “New models accounted for around 80% share in Q1 2024 versus only two-thirds in Q1 2023, pushing ASPs higher…Read More

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]]> Huawei Profit Surges 564% As It Eclipses Apple in China https://www.counterpointresearch.com/about/in-the-press/huawei-profit-surges-564-as-it-eclipses-apple-in-china/ Tue, 30 Apr 2024 11:49:58 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1043421 The Shenzhen-based company reported net profit of 19.6 billion yuan ($2.7 billion) in the March quarter, up 564%, according to a filing from Huawei’s holding company posted to the website of the National Interbank Funding Center in China. Sales in the first quarter rose 37% to 178.5 billion yuan. The company did not provide a sales breakdown […]

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]]> The Shenzhen-based company reported net profit of 19.6 billion yuan ($2.7 billion) in the March quarter, up 564%, according to a filing from Huawei’s holding company posted to the website of the National Interbank Funding Center in China.
Sales in the first quarter rose 37% to 178.5 billion yuan. The company did not provide a sales breakdown for various business segments in its filing.
The phenomenal growth in earnings underscored Huawei’s resurgence in spite of US sanctions. The company’s smartphone shipments surged 70% in the first quarter, according to research firm Counterpoint, after the company made an unexpected comeback last year with a new 5G phone powered by an advanced made-in-China 7-nanometer chip despite US sanctions.
As a stark contrast, Apple’s iPhone sales in China fell 19% during the March quarter, Counterpoint estimated…Read More

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]]> Everything has changed’: foreign auto groups embrace local technology in China https://www.counterpointresearch.com/about/in-the-press/everything-has-changed-foreign-auto-groups-embrace-local-technology-in-china/ Mon, 29 Apr 2024 11:46:45 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1043419 According to forecasts from Counterpoint Research, China will have 1mn cars with so-called Level 3 technology — which means drivers can remove their hands from the steering wheel — by 2026, and these vehicles will account for about 10 per cent of new cars by 2028. China produced 6.7mn vehicles in the first three months of […]

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]]> According to forecasts from Counterpoint Research, China will have 1mn cars with so-called Level 3 technology — which means drivers can remove their hands from the steering wheel — by 2026, and these vehicles will account for about 10 per cent of new cars by 2028.
China produced 6.7mn vehicles in the first three months of the year, 11 per cent higher than the first quarter of 2023, with sales of EVs up 32 per cent and those of cars with internal combustion engines (ICE) up 3 per cent, according to Automobility…Read More

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]]> Apple iPhone Sales Slump in China Amid Huawei’s Comeback https://www.counterpointresearch.com/about/in-the-press/apple-iphone-sales-slump-in-china-amid-huaweis-comeback/ Tue, 23 Apr 2024 11:41:53 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1043417 Apple’s iPhone sales fell 19% on year in the world’s largest smartphone market, placing the company third overall behind Vivo and Honor, Counterpoint Research said Tuesday. Sales by No. 4 seller Huawei, which had suffered from limited access to advanced chips a year ago, rose 70% on year, helped by the successful launch of its […]

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]]> Apple’s iPhone sales fell 19% on year in the world’s largest smartphone market, placing the company third overall behind Vivo and Honor, Counterpoint Research said Tuesday.
Sales by No. 4 seller Huawei, which had suffered from limited access to advanced chips a year ago, rose 70% on year, helped by the successful launch of its 5G-capable Mate 60 series, Counterpoint said.
Oppo and Xiaomi rounded out the top six places for the quarter.
Counterpoint described the period as “the most competitive quarter ever,” with market shares of the top seller and the sixth-best seller differing by less than 3.0 percentage points…Read More

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]]> Apple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020 https://www.counterpointresearch.com/about/in-the-press/apples-china-iphone-sales-dive-19-in-worst-quarter-since-2020/ Tue, 23 Apr 2024 11:37:37 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1043415 Counterpoint’s data follows analysis from IDC showing global iPhone shipments falling almost 10% in the first three months of 2024, raising concerns about Apple’s ability to sustain growth just as it prepares to report earnings May 2. Counterpoint’s data represented the first full picture of the first quarter. The research house said last month in an initial estimate […]

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]]> Counterpoint’s data follows analysis from IDC showing global iPhone shipments falling almost 10% in the first three months of 2024, raising concerns about Apple’s ability to sustain growth just as it prepares to report earnings May 2.

Counterpoint’s data represented the first full picture of the first quarter. The research house said last month in an initial estimate that iPhone sales in China had fallen about 24% in the first six weeks of 2024…Read More

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]]> Elon Musk Postpones India Trip, Prompting Questions Over Tesla Plans https://www.counterpointresearch.com/about/in-the-press/elon-musk-postpones-india-trip-prompting-questions-over-tesla-plans/ Sat, 20 Apr 2024 09:59:34 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1042796 Musk has said Tesla is likely to need roughly a dozen factories to meet its production goals. Tesla currently makes vehicles in the U.S., China and Germany. The company has invested heavily in China, where it faces stiff competition from domestic electric-car makers, most notably China’s BYD. The EV maker has been cutting prices to […]

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]]> Musk has said Tesla is likely to need roughly a dozen factories to meet its production goals. Tesla currently makes vehicles in the U.S., China and Germany. The company has invested heavily in China, where it faces stiff competition from domestic electric-car makers, most notably China’s BYD.
The EV maker has been cutting prices to spur demand and focusing on developing autonomous cars. Analysts have said a low-cost vehicle is a key to the company’s near-term business prospects.
Given India’s labor costs, a factory there would be able to produce a significantly lower-priced EV car both for domestic sales and for export.
About 95,000 electric cars and SUVs were sold in India in 2023, about 2% of total car and SUV sales, according to Counterpoint Research…Read More

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]]> China Orders Apple to Remove Popular Messaging Apps https://www.counterpointresearch.com/about/in-the-press/china-orders-apple-to-remove-popular-messaging-apps/ Fri, 19 Apr 2024 09:53:26 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1042794 China is its most important international sales market and largest manufacturing base globally. Even so, the iPhone maker is already facing headwinds there. Weak consumption spending has weighed on sales, while competition with homegrown rivals has intensified. Beijing has also limited the use of iPhones by state employees. On Thursday, Huawei began sales of a new high-end […]

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]]> China is its most important international sales market and largest manufacturing base globally. Even so, the iPhone maker is already facing headwinds there. Weak consumption spending has weighed on sales, while competition with homegrown rivals has intensified. Beijing has also limited the use of iPhones by state employees.
On Thursday, Huawei began sales of a new high-end smartphone lineup, Pura 70, which industry analysts expect would further eat away iPhones’ market share in China. Counterpoint Research forecasts Huawei’s smartphone sales in China to grow 39% this year…Read More

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]]> For Tesla, India Represents Big Promise—and Some Peril https://www.counterpointresearch.com/about/in-the-press/for-tesla-india-represents-big-promise-and-some-peril-2/ Thu, 18 Apr 2024 06:50:23 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1042744 Counterpoint Research estimates EV sales stood at 2% of overall passenger-vehicle sales last year and will likely rise to 4% this year. The most-sold EV car model Tata Tiago fetches a maximum price of about $14,500, according to Jato Dynamics, a consumer research group. Tesla’s least-expensive car, the Model 3, starts at about $39,000 in […]

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]]> Counterpoint Research estimates EV sales stood at 2% of overall passenger-vehicle sales last year and will likely rise to 4% this year. The most-sold EV car model Tata Tiago fetches a maximum price of about $14,500, according to Jato Dynamics, a consumer research group. Tesla’s least-expensive car, the Model 3, starts at about $39,000 in the U.S. Only 6,554 electric cars costing over that price were sold in India last year, according to Jato…Read More

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]]> Intel slides as foundry business loss spotlights wide gap with rival TSMC https://www.counterpointresearch.com/about/in-the-press/intel-slides-as-foundry-business-loss-spotlights-wide-gap-with-rival-tsmc/ Wed, 03 Apr 2024 06:24:05 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1042736 Intel expects the foundry business to have a gross margin of about 40% by 2030, which would still trail the 53% margin TSMC reported for the fourth quarter of 2023. At T$625.5 billion ($19.52 billion) in just the final three months of the 2023, TSMC’s revenue is also much larger than the $18.9 billion in […]

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]]> Intel expects the foundry business to have a gross margin of about 40% by 2030, which would still trail the 53% margin TSMC reported for the fourth quarter of 2023.
At T$625.5 billion ($19.52 billion) in just the final three months of the 2023, TSMC’s revenue is also much larger than the $18.9 billion in sales Intel’s foundry unit had in 2023.
“The incumbents’ geographic and talent advantages, as well as their established rolodex of tier-1 customers, have jolted investor confidence in Intel’s foundry prospects,” said Parv Sharma, a senior analyst at research firm Counterpoint…Read More

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]]> Apple Held Talks With China’s Baidu Over AI for Its Devices https://www.counterpointresearch.com/about/in-the-press/apple-held-talks-with-chinas-baidu-over-ai-for-its-devices/ Sat, 23 Mar 2024 06:20:48 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1042730 China is Apple’s biggest overseas market, but it is struggling with intensifying competition from homegrown rivals including U.S.-sanctioned Huawei Technologies. In the first six weeks of this year, Apple’s iPhone sales there fell 24% while Huawei phone sales rose 64%, according to Counterpoint Research. Other challenges Apple faces in China include weaker consumption amid a tepid economy and […]

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]]> China is Apple’s biggest overseas market, but it is struggling with intensifying competition from homegrown rivals including U.S.-sanctioned Huawei Technologies. In the first six weeks of this year, Apple’s iPhone sales there fell 24% while Huawei phone sales rose 64%, according to Counterpoint Research. Other challenges Apple faces in China include weaker consumption amid a tepid economy and limits on state employees using iPhones…Read More

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]]> Apple’s Tim Cook Arrives in China to Reassure Skeptics https://www.counterpointresearch.com/about/in-the-press/apple-tim-cook-arrives-in-china-to-reassure-skeptics/ Fri, 22 Mar 2024 06:16:36 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1042728 Cook was all smiles during the opening. But compared to his prior trips to the nation — including last year’s appearance at the high-profile China Development Forum, where he described Apple’s relationship with China as “symbiotic” — things are looking less harmonious this time around. Much has been written about the challenges Apple is facing globally. The US […]

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]]> Cook was all smiles during the opening. But compared to his prior trips to the nation — including last year’s appearance at the high-profile China Development Forum, where he described Apple’s relationship with China as “symbiotic” — things are looking less harmonious this time around.

Much has been written about the challenges Apple is facing globally. The US is suing the tech giant for antitrust violations, the EU is scrutinizing its money-spinning app store and the company has just jettisoned a decade-long project to build an electric car. There’s also an apparent lack of urgency in developing generative AI for its devices.
China may hold the key to whether the tech giant can get its mojo back. After all, it’s the world’s largest smartphone consumer base, and home to more retail stores for Apple than any other location outside the US…Read More

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]]> China’s BYD pushes into emerging markets amid policy uncertainty in the U.S., Europe https://www.counterpointresearch.com/about/in-the-press/chinas-byd-pushes-into-emerging-markets-amid-policy-uncertainty-in-the-u-s-europe/ Mon, 18 Mar 2024 13:05:05 +0000 https://www.counterpointresearch.com/?post_type=in_the_press&p=1041987 BYD is moving quickly, beginning with Thailand, where the company expects its first factory outside China to be in operation by the end of this year. The automaker surpassed Toyota to grab the top spot for passenger car sales in Thailand in January, despite having no sales there just one year prior, according to data from Marklines. […]

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]]> BYD is moving quickly, beginning with Thailand, where the company expects its first factory outside China to be in operation by the end of this year. The automaker surpassed Toyota to grab the top spot for passenger car sales in Thailand in January, despite having no sales there just one year prior, according to data from Marklines.
Once operating, the Thailand factory will likely serve the rest of Southeast Asia. EY predicts the electric car market in the region will grow exponentially to at least $80 billion a year in sales in the next decade.
BYD has established itself in Southeast Asia as the top-selling EV brand, grabbing more than one-third of the market last year after barely selling cars there previously, according to data from Counterpoint Research…Read More

The post China’s BYD pushes into emerging markets amid policy uncertainty in the U.S., Europe appeared first on Counterpoint.

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