**Apple’s Year-to-Date Performance**
*The News*:
Apple’s recent smartphone sales in China during the Singles Day shopping event were eclipsed by Hauwei and Xiaomi, as reported by Reuters. iPhone sales fell 4% from the previous year over the two-week period of Oct. 30 to Nov. 12, with Huawei and Xiaomi seeing sales growth of 66% and 28%, respectively. Wedbush analyst Daniel Ives, however, argued that Apple’s iPhone standing in Asia remains strong, with “very firm” iPhone 15 supply chain checks. Despite a slight dip in Apple’s shares, they remain up 52% year-to-date.
*Our Take*:
The data on iPhone sales doesn’t concern us, and we believe that it does not reflect the overall health of the tech giant’s business. We remain bullish on Apple’s position in the continent and optimistic about the company’s efforts to expand into India for market diversification and higher margin services.
**Nvidia’s Year-to-Date Performance**
*The News*:
Nvidia has postponed the launch of its new artificial intelligence chip for China, with the H20 chip now set to be released in the first quarter of 2024. The delay is due to issues from server manufacturers, following US export restrictions on the chip. Nvidia stock fell 0.9% on Friday, despite a 237% surge year-to-date.
*Our Take*:
We remain confident in our long-term view of the chipmaker, as China exports may pose a challenge, but demand from other regions will drive continued growth for Nvidia. Although the delay may affect sales to China, we are more focused on the aspects of the Nvidia story that indicate long-term potential.
**Amazon’s Year-to-Date Performance**
*The News*:
Amazon’s Prime Video will exclusively stream an NFL game, with QR codes on the screen that link to Amazon’s Black Friday deals. Shares of Amazon saw a 0.6% decline on Friday, despite an increase of nearly 70% year-to-date.
*Our Take*:
We see the Amazon-NFL deal as a sign that big tech is expanding into traditional TV assets, creating additional advertising real estate. It also marks the rise of television commerce (“T-Commerce”) for Amazon, a strategic move that enhances the value of a Prime membership and drives additional sales.
In conclusion, while the news of sales data, export restrictions, and exclusive streaming may have affected the stock prices of Apple, Nvidia, and Amazon, we believe that each company continues to show promise for long-term growth beyond these near-term developments. This narrative style news article sheds light on the latest updates and projections for these tech giants in the market.
I have over 10 years of experience in the field of cryptocurrency and blockchain technology. I have attended numerous conferences and events around the world, and my work has been featured in major publications such as CoinDesk, Bitcoin Magazine, and Yahoo Finance.
