According to the research firm’s Global Shipment Report, China accounted for 24% of all iPhone shipments in Q2 2023, while the U.S. market accounted for 21%.\
The Wall Street Journal reports China Bans iPhone Use for Government Officials at Work
China ordered officials at central government agencies not to use Apple’s iPhones and other foreign-branded devices for work or bring them into the office, people familiar with the matter said.
Apple, one of America’s most valuable tech companies that relies on China both as a major market and as a production site, has been largely spared in the technology battle between the world’s top two economic powers. With most Apple products assembled in China, Apple is a source of millions of jobs in the country through its contract manufacturers and suppliers.
Warning Shot
The problem for China is that a total ban would be a two-edged sword. Nonetheless, it’s a warning shot.
The US struck at Huawei, and in a very delayed reaction, China took a tiny piece of Apple’s China market away.
Gloomy Projection for Next iPhone Launch
US Sanctions Fail Again, China Now Produces Its Own Advanced Computer Chips
On September 4, I noted US Sanctions Fail Again, China Now Produces Its Own Advanced Computer Chips
I received many comments along the lines of “so what?”. Those responses are because China is still at least two generations behind the US in chip making capability.
That’s short-sighted thinking.
The US wanted to restrict China’s access to 5G technology and failed. China is producing good enough chips for many uses. US sanction policy forced China to produce its own chips and it unexpectedly did in short order. China will not be 5 years behind the US forever.
Qualcomm To Lose Up To 60 Million Chipset Orders in 2024 Thanks To Huawei’s Kirin 9000S, Potential Profit Loss In The Billions
Please consider Qualcomm To Lose Up To 60 Million Chipset Orders in 2024 Thanks To Huawei’s Kirin 9000S, Potential Profit Loss In The Billions
The U.S. sanctions may have forced Huawei into a corner as far as its smartphone business is concerned, but the Chinese firm has remained relentless and managed to circumvent those trade limitations with the Kirin 9000S, its first custom SoC that materialized after a brief hiatus and is found in the newly released Mate 60 Pro 5G.
While it is not the most capable chipset when doing performance and efficiency comparisons, its inception signifies Huawei’s intentions of not relying on the likes of Qualcomm in the future, who is said to potentially lose out on billions due to this new silicon, according to one analyst.
Huawei purchased between 40-42 million chipsets from Qualcomm in 2023, the Kirin 9000S will result in massive financial losses for the SoC maker.
Despite the trade sanctions placed on Huawei, it was still one of Qualcomm’s biggest customers, purchasing between 23-25 million units in 2022 and 40-42 million units in 2023. With the Chinese firm said to completely adopt Kirin chipsets in 2024, at least according to analyst Ming-Chi Kuo, it means Qualcomm is set to ship around 50-60 million units less next year, putting a significant dent in its revenue stream for the entire 2024.
Let us get into our estimations, and assuming that each one of those shipments is a Snapdragon 8 Gen 3, and the cost per SoC is $180, Qualcomm may lose $10.8 billion in revenue next year. It is unclear if Huawei intends to offer the Kirin 9000S to more Chinese brands next year, but if it does, it will likely be at a lower cost than Qualcomm’s own offerings.
Donald Trump: My Tariff Policies Were a Success
On August 30, Trump was in the WSJ with this announcement. My Tariff Policies Were a Success
Under Joe Biden, our trade deficits, also known as losses, have hit record highs. Since 2000 the U.S. has racked up $17 trillion in cumulative trade deficits with the world. Only a fool or a fanatic would dismiss these facts as irrelevant.
The best way to stop this hemorrhaging of America’s lifeblood is a simple but powerful tariff on most foreign products, like the kind that was the primary source of government revenue through most of American history, and which built this country into the manufacturing powerhouse of the world.
As I demonstrated repeatedly, the tariff is also an important tool of U.S. national security and diplomacy. I am proud to be the only candidate for president who believes in true economic nationalism.
Trump’s Real Trade Record
The above image courtesy of the Census Bureau via the WSJ article Trump’s Real Trade Record
His tariffs haven’t cut the trade deficit; they’ve merely shifted it.
The goods trade deficit with China did dip somewhat after Mr. Trump launched his global tariff campaign in 2018. At the same time, however, the deficits with Mexico and the rest of the world went up. A trade surplus or deficit isn’t a good measure of success, but since Mr. Trump thinks it is, see the chart nearby [above]. President Biden has left Mr. Trump’s policies in place, so the figures run through last year.
Since 2017, when Mr. Trump entered the Oval Office, goods imports to the U.S. in nominal dollars have increased 174% from Vietnam, 116% from Taiwan, 96% from Bangladesh, 89% from Thailand, 76% from India, and 62% from South Korea. Maybe Mr. Trump should start giving out campaign hats that say “Make Vietnam Great Again.”
The irony in Trump blaming Biden is Biden kept all of Trump’s tariffs intact and even added more.
Trump Wants a 10 Percent Tariff on Everything, It’s Really a $300 Billion Tax Hike
Trump’s solution is to place a 10 Percent Minimum Tariff on the Whole World.
A 10 percent global tariff would increase inflation, reduce jobs, and reduce US exports. Sanctions have the same impact.
Trump’s sanctions on China, upped by Biden, forced Huawei’s hand. As a direct result, China will soon kiss Qualcomm goodbye.
If and when China responds by placing export restrictions on rare earth minerals used in phones, batteries, wind turbines, chips, and missiles we will have a real mess.
Not surprised on this move by China.
It is one more step in China’s long and methodical plan to own the South China Seas, with Taiwan being their first step.
Take a look at this video from the Hudson Institute – this move by China is part of a three pronged preparations of war – economic, military, and social.
link to youtube.com
China is replaying Germany in 1930s – building out their might with borrowed western capital funding and development.
How did SK Hynix’s chips end up in the new Huawei smartphone???
How Did SK Hynix’s Chips End Up In New Huawei Smartphone???
It’s time for Appile to fleece it’s sheeple again and again and again and again…..
China is going full speed ahead into the Social Score model and having a large part of your population using phones that may not play ball to the extent that China’s government wants will be seen as a Trojan Horse and therefore something to exclude. Apple’s exclusion is the logical result of China’s policy of obtaining total control over its population and not due to tariffs or whatever. That was just the excuse.
The writing was on the wall years ago and Apple didn’t pay attention. Now they will lose a chunk of its business. Phones are a mature market so I don’t know how they will make it up. I don’t do Apple and never did so they will have to find it elsewhere.
They’ll do what most other poorly managed companies do when sales fall off – INCREASE the price of their products to make up the difference. This rarely works.
A 10% tariff on all imports (including energy and raw materials) coupled with the elimination of sales taxes and a reduction in income taxes would probably be excellent economic policy. If we are going to have taxes, they are going to have to be applied somewhere along the value chain. The worst place to apply it is on domestic production, manufacturing, and labor.
sure,and rest of WORLD will do same!!
and USA runs twins biggest deficits: $1 trln of of trade,and $2 trln for gov.
do you hear who stupid your solution is ?
USA IS JUST 3% of world population!that is all!
Hillary’s regime change Nazis spies from Ukraine took “trigger” pictures inside
congress on Jan 6, along with BLM leaders.
The brainwashed voters will stick to CNN & NYT 3Y narratives.
More people to feed, to keep warm keep Xi up all night. 100M less isn’t good enough.
Beaten people from the beaten countries are coming to the US, but no Coolies from China.
Those who came to MIT & Stanford aren’t going back to Xilandia, because the
youth unemployment is 22%.
Biden Trump blamed for fallowing the men behind the curtain,puppets to entertain the hoi polio.stop your bickering all nonsense.
1) Xi will skip G-20 in India, no respect. Biden will attend, Putin will skip. Modi will
spoil the SCO, a dollar destroyer.
2) Trump tariff against China worked until China unleashed covid in retaliation.
3) AAPL gap lower today. SPX has been turning around since June 16 high.
Option #1: the correction began. Option #2 : SPX 1W might flip up on 9/11/23,
or on 9/18/23. Time will tell.
Option #3 : facing a gov shutdown and UAW strike the Fed will stay put, lifting the unemployment rate, cutting spending, lifting the Dow.
China has become irrelevant because it’s demographically dying. I read somewhere that they will lose 100 million over the next few years. The chart on the link below has pretty grim death rates for China. It’s hard to recover from central planning “one child” policies.
link to macrotrends.net
Apple has been moving production to Vietnam and India. India is the new China or could be but the infrastructure there sucks and the bureaucracy is 10x worse than the US or anywhere else so who knows if it will pan out.
Canada and Mexico have overtaken China as the largest trading partner and that trend will continue.
Irrelevant? They have 4x the population of the US. They’ll be the biggest consumer market for a long time.
India has a larger population than China now. China has an aging population whose consumption patterns change in favor of more medical and less electronics.
And clearly the government there is going to favor local business/industry over foreign ones, the Apple ban is just the start. Tesla will likely be next but it may not matter if BYD gets subsidies and tax breaks where Tesla wont.
Yes they will be a very large consumer of CHINESE products not US ones.
If they hadn’t had the one child policy, there’d be another billion people in China now, half of them starving. They didn’t do that for fun.
Or they could have had an army of 500 million and invaded all other countries taking their food, land and other resources. It all depends on their leadership.
=China has become irrelevant because it’s demographically dying.
yeah. 1.5 bln people and more or less birth rates on par w/ germany or europe.!
mo$ron stop posting propaganda!
USa is dying : drugs, 40% obese, trade/gov deficits etc!!
Tariffs are a consumption tax. Just like sales tax but only levied on imported goods. The imported goods were produced by firms and people that have contributed nothing to the importing country and are not subject to the same rules, regulations and taxes as domestic producers. US producers also contribute to local communities with RE taxes and many other state and local fees as well as voluntary contributions.
I would rather have consumption taxes than taxes on investments and income. Tariffs worked pretty well to build the US and a vibrant economy.
I am constantly reminded of decades past in which Detroit executives brushed aside any concern about foreign cars invading the US. This went on for years as the foreign market share grew. As with much else, it’s hard to tell if they were just fools or liars.
And now we observe this same mindset with regard to chips and much else as if the US will remain supreme forever.
The irony with Detroit is the Japanese made better cars for less and now Japan is repeating the exact same thing with China. They foolishly ignored Chinese EVs thinking hydrogen was the future and now the Chinese are out exporting them and the heavily indebted Japanese car industry will need big bailouts.
It seems ironic to us, but I’m thinking that a lot of the Japanese car makers’ engineers & execs from the late 70s/early 80s are retired. They’re not around to advise the current crop of leaders.
When it all goes to sh*t, because if this, a plethora of kooky konspiracies will be promoted to hide the fact that we did it to ourselves.
I will know they’re serious when talking refrigerators are banned.
I want to form a deep and meaningful relationship with my refrigerator, and become and Appliantologist.
iPhones are absurdly overpriced. Ask someone who buys one why they’re better and you’ll get a nonsensical answer like ‘They just are’.
I hope Tesla comes out with a cheap phone. They have the best engineers in the world and I would guess they’ll do to apple what they’ve done to Ford and GM.
Better experience, better security, consistent updates, automatically connects to apple ecosystem….
I make software for phones. I can go on.
Better than what? My android phones have always worked perfectly.
For me the fact that Apple supports their products far longer than Android is a key reason but IOS is far more secure than Android.
link to techtimes.com
So you had an iPhone that didn’t? What are you trying to say? You don’t want to spend an extra 300 bucks every few years for a nicer phone?
That does not make the nicer phone less nicer. It makes sour grapes.
I don’t want to spend an extra $300 for a phone that isn’t nicer.
My kids insist on Apple phones. The only reason they want them is so their texts don’t show up in a different color on their friends Apple phones. No other reason.
Apple products are meant for people who aren’t good with tech. That’s why they are locked down into their own eco system (that’s essentially the idea that Jobs was selling with Apple products). I got my 80 year old parents apple products because they’ve never been good with any tech.
If you’re tech enthusiast or a do-it-yourself type then Apple isn’t for you because it’s too restrictive an environment.
Android is definitely for the tinkerer. In my off time, I prefer to tinker with things that have some real computing power.
As for the walled garden, I keep my password dictionary on my phone. I don’t want to be running software by randos on it. The Android store itself has had quite a bit of malware on it.
I keep my password dictionary in my head where it belongs.
There is no way on earth I’d ever store it on any phone or computer. I don’t feel the least bit sorry for anyone who has their passwords stolen because of some security breach by some company somewhere.
You do that in your time off? How about reading Shakespeare, baking a cake, helping coach a hs team or working on your french or Spanish. (I work on both languages, for decades. Life changing, and the last three months I am indeed reviewing a Spanish dictionary, which pays off.)
Apple products are made for women. The same people who pay thousands for a purse that’s functionally equivalent to something you can get on amazon for $25.
You’re right, and ⅔ of our family uses the iPhone. I chose Android b/c of the ability to more easily tinker with it, including the chance to install custom ROMs & overclock the CPU.
You and me both. I went to the overpriced iPhone platform for reliability and security and as soon as someone big’s product beats it I’m gone. I am a retired IT professional tired of tinkering but should be on the phones. I’m am starting to get very tired of being spied on by commercial interests and who knows who else. And Zardoz I would use caution storing passwords on your phone unless you have a helluva software vault. Lotta snooping going on…
“If and when China responds by placing export restrictions on rare earth minerals used in phones, batteries, wind turbines, chips, and missiles ”
Somehow EVs were left off that list. Why?
Maybe because EV batteries no longer use a lot of rare earths. The manufacturers prefer to use cheaper ingredients and have figured out how to make do without them.
No one cares about China and their ambitions because we all know dictatorships (stop given them credit for being “communist nationalists” — its credit they dont deserve). The number of dictatorships have been increasing (Russia, Turkey, Syria, Philippines, Venezuela, N Korea, etc., etc.), but people who can think know such constructs never last. No one trusts a dictatorship (the new BRICS currency? Please.) and no one wants to have babies within a dictatorship. Dictatorships die from their own greed and inability to be trusted. Who cares.
Historically, republics never last. The birth rate in “democratic” nations is very low, so I guess no one wants to have babies in a “democracy”? Tyranny and obtrusive governments are the “normal” for the world.
A democratic republic is an exception.
Democracies don’t have to have babies as there are LOTS of babies already flowing in. If Mexico is so stupid that they don’t realize the natural resource that they are allowing to flow across the border, then the heck with them. Europe will also in time learn to love all these stinking refugees from Syria and Africa that they currently hate so much. Meanwhile, I would be surprised if there aren’t more Venezuelans here now than all of Venezuela …
“Europe will also in time learn to love all these stinking refugees from Syria and Africa that they currently hate so much.”
In France there are “refugees” from Africa since the beginning of the 1960s. And I don’t think that a lot of people love them. And many think also that “democracy” is rigged in many ways. Tens of millions in the US even think that the elections there are rigged.
If you watch BBC News, it is interesting how much news they feature from Africa. They even have a full 30 minute newscast daily in their prime news time from 6:30-7:00pm GWT. It shows the amount of immigration from Africa that has occurred.
BBC News has always been a little more outward focused than US News. If the news did not happen somewhere in the USA, Americans believe it never happened.
And you think the US isn’t a dictatorship? Tell that to the J6 political prisoners or the family of Ashlee Babbet. Or the Proud Boys leader, or Julian Assange or all those who lost custody of their children because they refused the clot shot. Or maybe the millions who lost their jobs or had their freedom of movement or freedom of association or freedom to gather in His name restricted in the lockdown.
And your country still has selective service, AKA the Draft on the books to enslave you anytime they want.
The land of the free? Get real.
Democracy does not mean everyone at all times and all places gets to do whatever they want. That is the world of a libertarian, which is why there are no libertarian countries. 🙂
You need to go live in Russia for a while, so you can experience a true dictatorship.
mo$ron what do you know about russia, besides watching cnn!
———
I live in russia! there are MORE Freedoms and LAW in russia than in USA.
nobody tell my chilrden about masturbating in 2d grade!
police doesn’t shoot anybody on highways!
nobody steals anything in shop -malls at masse!
there is no race/nationality/ color of people debates! pretty much everybody is white.
+++
Russia doesn’t run +2 trln deficit , and +$1 trln trade deficit.!
Russia has lowest gdp-debt ratio in g20!
i read wahtever i want, travel wherever i want.
so GET LOST MO$$RON
alx
“ I live in russia! there are MORE Freedoms and LAW in russia than in USA.”
Yup. I agree that potatoes are cheaper in Mother Russia.
I wonder what happened to the Russian troll from Brussels – at least he was humorous.
I do think Russia might have a better sense of personal responsibility, at least in some ways. Like picking up a scanner when you go to a grocery store. Or being freer about what drugs are sold over the counter. I imagine there’s pro and con here.
YES! Is utopia comrades! All the vodka you can drink, and sometimes, there is potato!
“police doesn’t shoot anybody on highways!”
FSB just take you behind the bushes and shoot you. Just to avoid a scene.
“nobody steals anything in shop -malls at masse!”
There is nothing to steal…Unless you are part of the mob. Then you have license to steal as long as you give Uncle Putin the biggest part of your share.
“there is no race/nationality/ color of people debates! pretty much everybody is white. ”
The small areas around St Petersburg, Moscow and adjacent areas….The vast majority of the Russian land is populated by other races..
I doubt you live in Russia, but if you do, then you are being paid to promote its propaganda.
Here’s a joke for you:
A Briton, a Frenchman and a Russian are viewing a painting of Adam and Eve frolicking in the Garden of Eden. “Look at their reserve, their calm,” muses the Brit. “They must be British.”
“Nonsense,” the Frenchman disagrees. “They’re naked, and so beautiful. Clearly, they are French.”
“No way! They have no clothes and no shelter,” the Russian points out, “They have only an apple to eat, and they are being told they live in a paradise. Obviously, they are Russian.”
“You need to go live in Russia for a while, so you can experience a true dictatorship.”
North Korean would be a better example.
Sounds like a MAGA cult follower
Democracy is a fraud, a tyranny of the majority.
Apart from this “free” speech (which is now being throttled by controlled social media, just like those “dictatorships”), what freedoms do you actually have?
So, you may want to get off that moral high horse, because the CIA and others use torture just like those other countries and NONE of those dictatorships have killed millions of innocent civilians like the democratic US of A !!!
Ive got plenty of freedoms, and so do you. Im buying food tonight (credit card rolled over), I live in a house that is (theoretically) mine, and I can walk the streets twice a day anywhere I want and no one gives a hang where I go. And I dont worry all that much about how the CIA is gonna hurt me.
America, and The West more generally, didn’t rise to prominence because of some magical chad dimpling ritual people there engaged in every four or so years.
Instead, they rose to prominence because they were freer than other countries. Less interference by the State and State connecteds. Hence facilitated people allocating resources more efficiently.
Once that freedom is taken away, all you’re left with is just another totalitarian dump. Whether or not the saps get to dimple a chad on occasion, makes not one lick of difference whatsoever.
And today, in far and away most areas, the totality of State and non-State (ambulance chasers, mandate riders….) actors in China, interferes plenty less than in America. Compared to “us”, they’re the “free country” now. Which is pretty darned sad, given they’re still nothing but a bunch of commies.
But still: In absolute terms unfree as communist countries are: They are still plenty freer than financialized ones. Hence allow people to allocate the resources at their disposal more efficiently. Hence grow wealthier and more powerful. All while financialised countries, which are even less free (much less, it’s not even remotely comparable..) than communist ones, do nothing but stagnate. No matter how much nonsensical, economically illiterate tripe and rah-rah their well indoctrinated dupes are told to spew, in ever more desperate attempts cover up the fact that they are nothing but absolute-bottom-of-the-barrel basket cases in the midst of a free fall; without any meaningful future whatsoever.
after how many generations to suffer?
“trade wars are easy to win”, mein fuhrer donald drumpf. his nit wit fans believed it.
They are easy to win when your whole team backs you.