Apple Could Regain Share in China Thanks to Alibaba Partnership -- Market Talk

Dow Jones

02-13

1150 ET - Apple could be getting a much-needed sales boost in China. The tech company partnered with Alibaba to co-develop Chinese AI features that have been submitted to China's cyberspace regulator for approval, Bank of America analyst Wamsi Mohan says in a research note, citing a report from The Information. iPhone sales have been pressured in China, falling for six consecutive quarters. CEO Tim Cook noted last month that iPhone sales are stronger in regions where AI tools are available. "We believe Apple can regain share in the Chinese market if they are able to launch Apple Intelligence successfully to compete with Huawei/Xiaomi's currently available AI offerings," Mohan writes. Alibaba ADRs rise 4.7%, on track for a two-year high. Apple shares rise 1%. (connor.hart@wsj.com)

(END) Dow Jones Newswires

February 12, 2025 11:50 ET (16:50 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The tech company partnered with Alibaba to co-develop Chinese AI features that have been submitted to China's cyberspace regulator for approval, Bank of America analyst Wamsi Mohan says in a research note, citing a report from The Information. iPhone sales have been pressured in China, falling for six consecutive quarters. CEO Tim Cook noted last month that iPhone sales are stronger in regions where AI tools are available. \"We believe Apple can regain share in the Chinese market if they are able to launch Apple Intelligence successfully to compete with Huawei/Xiaomi's currently available AI offerings,\" Mohan writes. Alibaba ADRs rise 4.7%, on track for a two-year high. Apple shares rise 1%. 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The tech company partnered with Alibaba to co-develop Chinese AI features that have been submitted to China's cyberspace regulator for approval, Bank of America analyst Wamsi Mohan says in a research note, citing a report from The Information. iPhone sales have been pressured in China, falling for six consecutive quarters. CEO Tim Cook noted last month that iPhone sales are stronger in regions where AI tools are available. \"We believe Apple can regain share in the Chinese market if they are able to launch Apple Intelligence successfully to compete with Huawei/Xiaomi's currently available AI offerings,\" Mohan writes. Alibaba ADRs rise 4.7%, on track for a two-year high. Apple shares rise 1%. (connor.hart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2025 11:50 ET (16:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0106959298.USD","symbol_name":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511307835","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511307835","pubTimestamp":1739379000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1150 ET - Apple could be getting a much-needed sales boost in China. The tech company partnered with Alibaba to co-develop Chinese AI features that have been submitted to China's cyberspace regulator for approval, Bank of America analyst Wamsi Mohan says in a research note, citing a report from The Information. iPhone sales have been pressured in China, falling for six consecutive quarters. CEO Tim Cook noted last month that iPhone sales are stronger in regions where AI tools are available. \"We believe Apple can regain share in the Chinese market if they are able to launch Apple Intelligence successfully to compete with Huawei/Xiaomi's currently available AI offerings,\" Mohan writes. Alibaba ADRs rise 4.7%, on track for a two-year high. Apple shares rise 1%. 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The tech company partnered with Alibaba to co-develop Chinese AI features that have been submitted to China's cyberspace regulator for approval, Bank of America analyst Wamsi Mohan says in a research note, citing a report from The Information. iPhone sales have been pressured in China, falling for six consecutive quarters. CEO Tim Cook noted last month that iPhone sales are stronger in regions where AI tools are available. \"We believe Apple can regain share in the Chinese market if they are able to launch Apple Intelligence successfully to compete with Huawei/Xiaomi's currently available AI offerings,\" Mohan writes. Alibaba ADRs rise 4.7%, on track for a two-year high. Apple shares rise 1%. (connor.hart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 12, 2025 11:50 ET (16:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0}}}