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$AAPL - CHINA'S SMARTPHONE SALES DOWN 9% Y/Y DURING SINGLES' DAY 2024 - COUNTERPOINT RESEARCH HUAWEI SALES GREW 7% Y/Y, WHILE HONOR AND APPLE BOTH DECLINED Y/Y BY DOUBLE-DIGIT PERCENTAGES DURING SINGLES' DAY - COUNTERPOINT RESEARCH
Time to buy $AAPL at nearly ATH valuations. Double digit Y/Y declines despite 20% price slashes are incredibly bullish https://t.co/tBPxGiOB4w
COUNTERPOINT RESEARCH: #CHINA'S SMARTPHONE SALES DECLINE 9% Y/Y DURING SINGLES' DAY 2024. #HUAWEI'S SALES INCREASE BY 7% Y/Y, WHILE HONOR AND APPLE EXPERIENCE DOUBLE-DIGIT Y/Y DECLINES. $AAPL https://t.co/rYkNzh3wDT
Alibaba Group Holding Ltd. reported its quarterly earnings, with revenues increasing by 5% to $33.7 billion, aligning with market expectations. However, adjusted earnings per share (EPS) fell by 4% to $2.15, surpassing the $2.05 anticipated by analysts. Despite these mixed results, Alibaba's stock has been performing well, with some investors like David Tepper's Appaloosa Management reducing their stake by 5% in the recent quarter. Additionally, China's Singles' Day 2024 saw a 9% year-over-year decline in smartphone sales, with Huawei's sales increasing by 7% while Honor and Apple experienced double-digit declines.
