antiterror13
Brigadier
I think Trump is a blessing in disguise for China and Russia ..... no one else in the US has done better to ruin the US political and in international community
Chinese Economics Thread
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I think Trump is a blessing in disguise for China and Russia ..... no one else in the US has done better to ruin the US political and in international community
Equation
Lieutenant General
Nah, he's just a (insert adjective ___________) idiot fumbling the football for China and Russia to pick up and return for a touch down.
Jura The idiot
General
please don't post your babbling about US-internal politics here
i think that China should ban every export to the us, disrupting their economy. Sell the bonds and start to prepare for a major war, plain and simple. It's not some kind of nationalistic war mongering, i think that the stage (major climate crisis, world economic depression, famine and other things) for a great world crisis is setting up.
Hendrik_2000
Lieutenant General
Beginning of the end for western hegemony in technical field. It is going to happened sooner or latter because of nearsightedness by prosecuting Huawei with unintended consequence.
Now that their expansion overseas is blocked Huawei has not choice but increasing their market share domestically. guess who is going to suffer?
UPDATE 4-Qualcomm outlook clouded by Huawei's smartphone gains in China
By Stephen Nellis and Munsif Vengattil,Reuters Wed, Jul 31 3:24 PM CDT
July 31 (Reuters) - Qualcomm Inc's quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd's strong gains in the Chinese smartphone market, the U.S. company said, sending its shares down as much as 6%.
In an interview on Wednesday, Qualcomm Chief Executive Steve Mollenkopf told Reuters Huawei had stolen market share mainly from its domestic rivals such as Xiaomi Corp, Oppo and Vivo, all of which are major Qualcomm customers.
Huawei's advance has spurred other phone makers to cancel 4G models planned for the rest of this year and instead focus on 5G models for release early next year that could drive growth for Qualcomm, he added.
"Huawei was very aggressive in terms of making sure they built their market share there because they couldn't sell things internationally," Mollenkopf said. "And the reaction of the (other Chinese phone makers) was, 'Let's go as fast as we can to 5G, because there's a great opportunity there,' even to the point of saying, 'Let's cancel 4G models.'"
Mollenkopf said Qualcomm will not see benefits from that shift until early 2020 but said 5G rollouts by carriers appeared to be on track, including in China where Huawei is also a major telecommunications gear supplier. KinNgai Chan, an analyst at Summit Insights Group, called Qualcomm's outlook a "pause in 4G ahead of the transition to 5G."
Huawei's effect on Qualcomm's forecast underscores the extent to which the Chinese company has become more of a rival than a customer to the San Diego-based company. Huawei, which was the subject of U.S. sales restrictions imposed in May, continues to buy a small number of Qualcomm chips.
But the companies, which are among the world's largest holders of patents related to 5G technology, are in a protracted licensing dispute. Huawei had been making good-faith payments and negotiations have inched forward, but Mollenkopf said no further payments are included in Qualcomm's fiscal fourth quarter guidance.
"The companies are talking and we're focused on a final agreement, but we don't have it yet," Mollenkopf said.
Huawei supplies many of its own chips for smartphones, and it grabbed market share from Chinese companies over the past quarter, according to market research firm Canalys. Those companies' higher-end phones, which compete against directly with Hauwei's models, tend to use Qualcomm chips.
Mollenkopf said the U.S.-China trade war and a slow smartphone market drove Qualcomm to lower its outlook for 2019 sales of smart devices to a range of 1.7 billion to 1.8 billion, down from a previous estimate of 1.8 billion to 1.9 billion.
Qualcomm collects license fees from smartphone makers for using its patents.
The company's modem chip shipments fell 22% to 156 million in the third quarter, missing analysts' estimate of 160.1 million, according to FactSet.
Apple Inc and Qualcomm settled all their litigation in April. Apple signed a six-year patent license deal with Qualcomm, as well as a multi-year chip supply agreement.
The two have not said when Apple would resume using Qualcomm's chips in iPhones after dropping them in favor of Intel Corp's chips for 2018 iPhone models.
Apple last week bought Intel's modem business to help supply its own smartphone chips. Mollenkopf told Reuters the company had expected such a deal when negotiating its agreement with the iPhone maker, but Apple's purchase had no effect on Qualcomm's fourth quarter outlook.
"This was something everybody assumed," Mollenkopf said. "And we protected ourselves and feel very good about continuing to be able to compete" for Apple's business, he added.
Qualcomm forecast total fourth-quarter revenue of $4.3 billion to $5.1 billion and profit of 65 cents and 75 cents per share, below estimates of $5.63 billion and $1.08 per share, according to IBES data from Refinitiv.
Qualcomm is also seeking to pause the enforcement of a sweeping antitrust decision in a case brought by the U.S. Federal Trade Commission. The company has said the ruling could upend its licensing talks with handset makers around 5G technology.
Revenue for the third quarter ended June 30 was $4.9 billion, missing analysts' estimates of $5.08 billion. That excluded a one-time payment from Apple for unpaid royalties while the two were in a legal dispute.
Excluding items, Qualcomm earned 80 cents per share, beating analysts' average estimate of 75 cents. (Reporting by Munsif Vengattil in Bengaluru and Stephen Nellis in San Francisco; Editing by Sriraj Kalluvila and Richard Chang)
Now that their expansion overseas is blocked Huawei has not choice but increasing their market share domestically. guess who is going to suffer?
UPDATE 4-Qualcomm outlook clouded by Huawei's smartphone gains in China
By Stephen Nellis and Munsif Vengattil,Reuters Wed, Jul 31 3:24 PM CDT
July 31 (Reuters) - Qualcomm Inc's quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd's strong gains in the Chinese smartphone market, the U.S. company said, sending its shares down as much as 6%.
In an interview on Wednesday, Qualcomm Chief Executive Steve Mollenkopf told Reuters Huawei had stolen market share mainly from its domestic rivals such as Xiaomi Corp, Oppo and Vivo, all of which are major Qualcomm customers.
Huawei's advance has spurred other phone makers to cancel 4G models planned for the rest of this year and instead focus on 5G models for release early next year that could drive growth for Qualcomm, he added.
"Huawei was very aggressive in terms of making sure they built their market share there because they couldn't sell things internationally," Mollenkopf said. "And the reaction of the (other Chinese phone makers) was, 'Let's go as fast as we can to 5G, because there's a great opportunity there,' even to the point of saying, 'Let's cancel 4G models.'"
Mollenkopf said Qualcomm will not see benefits from that shift until early 2020 but said 5G rollouts by carriers appeared to be on track, including in China where Huawei is also a major telecommunications gear supplier. KinNgai Chan, an analyst at Summit Insights Group, called Qualcomm's outlook a "pause in 4G ahead of the transition to 5G."
Huawei's effect on Qualcomm's forecast underscores the extent to which the Chinese company has become more of a rival than a customer to the San Diego-based company. Huawei, which was the subject of U.S. sales restrictions imposed in May, continues to buy a small number of Qualcomm chips.
But the companies, which are among the world's largest holders of patents related to 5G technology, are in a protracted licensing dispute. Huawei had been making good-faith payments and negotiations have inched forward, but Mollenkopf said no further payments are included in Qualcomm's fiscal fourth quarter guidance.
"The companies are talking and we're focused on a final agreement, but we don't have it yet," Mollenkopf said.
Huawei supplies many of its own chips for smartphones, and it grabbed market share from Chinese companies over the past quarter, according to market research firm Canalys. Those companies' higher-end phones, which compete against directly with Hauwei's models, tend to use Qualcomm chips.
Mollenkopf said the U.S.-China trade war and a slow smartphone market drove Qualcomm to lower its outlook for 2019 sales of smart devices to a range of 1.7 billion to 1.8 billion, down from a previous estimate of 1.8 billion to 1.9 billion.
Qualcomm collects license fees from smartphone makers for using its patents.
The company's modem chip shipments fell 22% to 156 million in the third quarter, missing analysts' estimate of 160.1 million, according to FactSet.
Apple Inc and Qualcomm settled all their litigation in April. Apple signed a six-year patent license deal with Qualcomm, as well as a multi-year chip supply agreement.
The two have not said when Apple would resume using Qualcomm's chips in iPhones after dropping them in favor of Intel Corp's chips for 2018 iPhone models.
Apple last week bought Intel's modem business to help supply its own smartphone chips. Mollenkopf told Reuters the company had expected such a deal when negotiating its agreement with the iPhone maker, but Apple's purchase had no effect on Qualcomm's fourth quarter outlook.
"This was something everybody assumed," Mollenkopf said. "And we protected ourselves and feel very good about continuing to be able to compete" for Apple's business, he added.
Qualcomm forecast total fourth-quarter revenue of $4.3 billion to $5.1 billion and profit of 65 cents and 75 cents per share, below estimates of $5.63 billion and $1.08 per share, according to IBES data from Refinitiv.
Qualcomm is also seeking to pause the enforcement of a sweeping antitrust decision in a case brought by the U.S. Federal Trade Commission. The company has said the ruling could upend its licensing talks with handset makers around 5G technology.
Revenue for the third quarter ended June 30 was $4.9 billion, missing analysts' estimates of $5.08 billion. That excluded a one-time payment from Apple for unpaid royalties while the two were in a legal dispute.
Excluding items, Qualcomm earned 80 cents per share, beating analysts' average estimate of 75 cents. (Reporting by Munsif Vengattil in Bengaluru and Stephen Nellis in San Francisco; Editing by Sriraj Kalluvila and Richard Chang)
D
Deleted member 13312
Guest
That's rich coming from someone who likes to type Cyrillic to smack talk others.
Jura The idiot
General
Yesterday at 9:09 PM
·
U.S. President
tweeted on Thur he will add new 10% on $300 billion of Chinese imports starting September 1
related is the tweet
·
U.S. President
tweeted on Thur he will add new 10% on $300 billion of Chinese imports starting September 1
Jura The idiot
General
... also related is
Donald Trump says US to hit US$300 billion worth of Chinese goods with 10 per cent tariff
Donald Trump says US to hit US$300 billion worth of Chinese goods with 10 per cent tariff
- US president’s announcement comes after the latest round of trade talks between the world’s two largest economies
- Punitive action marks the biggest escalation in the 13-month trade war since May