Apple's market share has been shrinking in China, down to 14% in second quarter compared with 15% in the first quarter and 16% a year earlier. "It is the first quarter in history that domestic vendors dominate all the top five positions," said Canalys research analyst Lucas Zhong.
Read MoreTech valuations are under pressure despite Alphabet Inc./Google's good quarterly earnings. Google's profits exceed estimates, operating margins grow, and stock falls 5%. Cloud business now $40 billion/year, profits up 29%, stock undervalued at profit multiple of 19.8x.
Read MoreThe market has been running hot in 2024, with S&P 500 up 13.9% year-to-date. Market experienced its first 2% or more pullback in 356 trading days, yesterday. Investors should be cautious with earnings season in full-swing amidst sky-high expectations and lofty valuations.
Read MoreThe market has been running hot in 2024, with S&P 500 up 13.9% year-to-date. Market experienced its first 2% or more pullback in 356 trading days, yesterday. Investors should be cautious with earnings season in full-swing amidst sky-high expectations and lofty valuations.
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