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<s>[INST] Tell me news related to Apple Skeptics China pain Weakness EM [/INST] Technology news. Title: Apple Skeptics See More Pain Ahead on Weakness in China and EM. Short_description: Research firm IDC calculated that Apple’s smartphone shipments in China fell an estimated 20 percent in the fourth quarter.. Description: (Bloomberg) -- Apple Inc. shares have rebounded this year, but a pair of analysts say the company may not be out of the woods when it comes to , for its key iPhone product line, particularly in the critical Chinese market., Sales weakness in China is “likely to continue beyond the short term” as the issue goes “beyond price points,” according to HSBC analyst Erwan Rambourg. He cited the firm’s survey of Chinese customer preference, which showed “clear evidence of shifts in consumer preference with Apple losing in terms of aspiration to Huawei notably.”, Earlier this month, research firm , that Apple’s smartphone shipments in China fell an estimated 20 percent in the fourth quarter, outpacing a 9.7 percent contraction in the Chinese domestic market. Issues surrounding iPhone strength have pressured Apple shares for months. While the stock has rebounded more than 20 percent off a January low, it remains 25 percent below record levels., The iPhone comprised more than 60 percent of Apple’s revenue in the fiscal year ended Sept. 2018, according to Bloomberg data, while the Chinese market accounted for almost 20 percent of overall revenue., “Emerging markets will remain a question mark unless there is a sizeable shift in strategy,” wrote Rambourg, who has a hold rating and $160 price target on the stock. Meanwhile, the European market -- which represented 23.5 percent of Apple’s fiscal 2018 revenue -- is also “at risk of slippage in terms of market share as more value for money propositions, notably from Chinese players, gain in relevance.”, This view was echoed by Loop Capital, which on Wednesday cut its 2019 iPhone revenue forecast to $130 billion from $147 billion, expecting the company to sell 180 million units, down from a previous view of 191 million., Loop cited the company’s , in early January, along with “potentially more pronounced seasonality for the March quarter, ongoing softness in China’s economy, and what we believe is some combination of an elongating upgrade cycle and/or mix-down cycle.”, Analyst Ananda Baruah, who has a hold rating and $160 price target on Apple, said the firm’s estimates for revenue and average selling prices imply that Wall Street “may not fully be aware” of these dynamics, and that “as such we could see future Street iPhone revenue, adjustments.”, Currently, 22 firms have a buy rating on Apple, while another 22 rate it a hold and just one has it as a sell. The average price target is about $177, or roughly 2 percent above current prices., Even the stock’s champions are looking past the iPhone. D.A. Davidson, which has a buy rating and Street-high price target of $245, on Wednesday wrote that it was “continuing to monitor Apple’s efforts to diversify its revenue and become less dependent on iPhone sales.” In particular, analyst Tom Forte wrote he was watching the company’s moves in healthcare, automotive technology, content, and advertising, among other categories., ©2019 Bloomberg L.P.. Publisher: Ryan Vlastelica. Date Created: 20 Feb 2019, 10:08 PM IST </s> |
<s>[INST] Tell me news related to West Coast Fuel Plant U.S. Refinery insight buyer [/INST] Technology news. Title: U.S. Refinery Insights: A West Coast Fuel Plant Finds a Buyer. Short_description: U.S. Refinery Insights: A West Coast Fuel Plant Finds a Buyer. Description: Just when it seemed U.S. refiners were eager to get away from the West Coast’s costly fuel standards and iffy fuel demand, along comes HollyFrontier Corp. saying its acquisition in Washington state makes perfect sense., HollyFrontier views the West Coast market as short gasoline now, and the 145,000 barrel-a-day Puget Sound refinery it’s buying from Royal Dutch Shell Plc has a heavy gasoline yield. Plus, it can make a play for the California market., The company is clear, however, that Puget Sound is a one-time opportunity, and it won’t be looking to buy a California refinery., “I don’t see us in California,” Michael Jennings, HollyFrontier’s chief executive officer, said Wednesday during a first-quarter earnings call. “We believe we’ll benefit from what’s going on in California.”, It won’t come without challenges. The West Coast has still to open fully since the pandemic, much of California’s diesel output will be exported as it’s displaced by biofuel, and the region’s once lucrative jet fuel market suffers from a dearth of international travel. Marathon Petroleum Corp. said Tuesday that West Coast demand is still depressed compared to other areas., Yet, oil refiners are betting there’s still money to be made on the West Coast amid all the challenges. Besides gasoline, they are jumping into the heated race to sell renewable fuels that meet tough clean energy standards., Marathon and Phillips 66 are converting their San Francisco-area refineries into renewable diesel plants. Marathon will also sell renewable fuel to California out of its Dickinson plant in North Dakota. HollyFrontier will sell renewable fuel from plants in Wyoming and New Mexico., Related News:, Refining margins (as of previous session, in $/bbl), Nymex crack spreads (as of previous session), ©2021 Bloomberg L.P.. Publisher: Barbara J Powell. Date Created: 06 May 2021, 2:17 AM IST </s> |
<s>[INST] Tell me news related to Term benefit tech Titans Pandemic shift long [/INST] Technology news. Title: Tech Titans Poised to Reap Long-Term Benefits of Pandemic Shifts. Short_description: Tech Titans Poised to Reap Long-Term Benefits of Pandemic Shifts. Description: Scads of internet companies saw a boost in user attention -- and the revenue that comes with it -- during pandemic lockdowns that kept people at home and glued to their devices. But only the biggest ones are poised to reap the long-term benefit of changing consumer habits., In earnings reports this week, Amazon.com Inc., Facebook Inc. and Google detailed the ways people have become more dependent on their offerings since shutdowns and quarantines changed how people shop, work, learn and interact -- saying these trends could drive growth long-term., Meanwhile, smaller social networks Twitter Inc. and Pinterest Inc. disappointed investors, with the former forecasting , that missed estimates and the latter , that user growth is waning in the U.S. EBay Inc. said sales gains during the outbreak would , as consumers get vaccinated and stimulus checks run out. The contrast underscored how the already-dominant players are leveraging their strength and size to further entrench their ubiquity., Amazon added customers for grocery delivery, sold more Alexa speakers, and signed on more businesses to its cloud computing service -- a trend it expects “to continue as we move into the post-pandemic recovery,” Chief Financial Officer Brian Olsavsky said on an investor call. Google pressed its case that Chromebooks are the best tools for virtual school and that YouTube can rival television as personal entertainment -- making it more worthy of advertiser investment., Both Google and Facebook spoke about how the pandemic has accelerated small businesses’ shifts to the web, using their platforms for e-commerce advertising and sales. Such businesses are “asking us what we can do to help them not just now, but over the long run,” Facebook Chief Operating Officer Sheryl Sandberg said., Even before the Covid-19 outbreak gave the internet giants new ways to cement their places in consumers’ everyday life, the companies were under scrutiny for potentially anti-competitive behavior. All three have faced Congressional antitrust probes amid concerns they have built empires at the expense of healthy competition and consumer choice. Their results during the pandemic may open up new questions about their potential monopolies -- with in-person retail and entertainment options shuttered, consumers who had fewer choices for spending time and money turned their attention to the convenient, omnipresent tech behemoths., Where consumers went, product marketers followed. The pandemic’s effects have been most dramatic in digital advertising, particularly campaigns for e-commerce. Sandberg said Facebook’s ad results in the first quarter were buoyed by consumers purchasing more goods online. The social-media company’s average price per ad jumped a whopping 30%, indicating that healthy demand allowed it to charge more for each spot., Read more: Tech Giants Reap Huge Ad Revenue Growth in First Quarter, Amazon’s “other” revenue, which includes advertising, surged 77% to $6.9 billion, “another indication that the boost to Amazon’s business last year shows no sign of ebbing,” according to Nicole Perrin of researcher EMarketer., Google spent the past quarter serving up more ads from retail and travel companies eager to reach consumers who are starting to spend again. Ruth Porat, chief financial officer of Google parent Alphabet Inc., said the durability of that trend will depend on the pace of the global coronavirus recovery, but some analysts are more bullish on the internet giant’s prospects to take advantage of a great reopening in subsequent quarters., Philipp Schindler, Google’s chief business officer, said the company’s “sweet spot” is a blend of online and offline purchases facilitated by products like Search, Maps and YouTube. Google has helped big retailers such as Dick’s Sporting Goods Inc. and arts-and-crafts chain Michaels Cos. fulfill orders with customers looking for curbside pickup options or trying to locate products available near them., “Trends are likely to continue as the broader economic recovery takes hold throughout 2021 and the ramp in digital adoption trends becomes more permanent,” JMP Securities analyst Ron Josey wrote in a recent note. “We were most impressed with core search advertising results as Google highlighted strength across most advertising categories, with a core focus on retail and that travel is seeing renewed interest among users.”, The internet giants’ advertising and e-commerce revenue streams were immune to some of the problems facing other tech leaders during the pandemic. Apple Inc., also named in the Congressional antitrust investigation, makes most of its money from hardware, meaning it’s more vulnerable to supply chain risks. Company executives this week said it will see a negative $3 billion to $4 billion , in the June quarter from chip shortages hitting iPads and Macs, two product lines that gained popularity during the pandemic., Apple has in turn been focusing more on non-hardware revenue, including from the App Store, Apple Music, gaming, cloud storage, technical support, advertising and video. That Services division now brings in more than $50 billion a year in sales., At a fraction of the size of Facebook, rival social network Twitter has missed out on fully capitalizing on the ad spending bonanza in part because the company sells more promotions meant to help companies improve their brand recognition, as opposed to ads that lead people to directly buy products. With consumers at home on their phones, online shopping became a pastime, as spending shifted from travel and events to groceries, home improvement and more comfortable wardrobes., Meanwhile, Pinterest and EBay both saw an increase in activity during lockdowns, but cautioned that those gains probably won’t last. “Starting in mid-March, the easing of pandemic restrictions slowed U.S. MAU growth and lowered engagement year over year as people spent less time online,” Pinterest said in a statement. When government stimulus checks run out, EBay expects spending to recede, too., Facebook also expects that people won’t be as dependent on its apps for entertainment and connection as they get vaccinated and return to in-person activity with friends and family. But the shift back isn’t likely to be at a scale to concern investors., “I don’t think anything hugely dramatic,” Chief Financial Officer Dave Wehner said on Thursday., ©2021 Bloomberg L.P.. Publisher: Sarah Frier. Date Created: 01 May 2021, 4:30 PM IST </s> |
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