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AirPod maker Luxshare plans IPO deal as Hong Kong listing pipeline swells
AirPod maker Luxshare plans IPO deal as Hong Kong listing pipeline swells

South China Morning Post

time03-07-2025

  • Business
  • South China Morning Post

AirPod maker Luxshare plans IPO deal as Hong Kong listing pipeline swells

Luxshare Precision Industry, which supplies Apple's AirPods and some iPhone models, plans to sell new shares in Hong Kong in what could be one of the 10 biggest tech listings this year after Beijing opened the door for more companies to raise capital offshore. The Shenzhen-listed firm said its listing plan was to improve overseas financing capabilities and accelerate global expansion, according to its exchange filing on Thursday. The firm is said to be seeking more than US$1 billion from its stock offering later this year, according to a Bloomberg report on the same day. The first-time offering in Hong Kong would not alter Luxshare's leadership structure or change its controlling shareholders and beneficial owners, according to the filing. At least 16 onshore industry peers have similar Hong Kong listing plans amid appetite from global funds seeking to diversify from US dollar assets, including Apple supplier Lens Technology, smartphone maker Shanghai Longcheer Technology and semiconductor designer OmniVision Integrated Circuits, according to Huatai Securities. Hong Kong hosted some of the biggest global tech listings this year. EV battery king Contemporary Amperex (US$5.2 billion), drug maker Jiangsu Hengrui Pharmaceuticals (US$1.26 billion), condiment producer Foshan Haitian Flavouring & Food (US$1.3 billion), and Zhejiang Sanhua Intelligent Controls (US$1.2 billion) topped the billion-dollar deals. Play Sales grew 16 per cent in 2024 to 268.8 billion yuan, while earnings jumped 22 per cent to 13.37 billion yuan, its annual report showed. Apple, one of the so-called Magnificent Seven US tech stocks, is believed to be its single largest customer, accounting for almost 71 per cent of its annual revenue.

Some doubt that Trump could pull off the promised T1 Phone, but his network might be profitable real soon
Some doubt that Trump could pull off the promised T1 Phone, but his network might be profitable real soon

Phone Arena

time20-06-2025

  • Business
  • Phone Arena

Some doubt that Trump could pull off the promised T1 Phone, but his network might be profitable real soon

– Francisco Jeronimo, vice president at International Data Corp. for CNBC, June 2025 Receive the latest Android news Subscribe By subscribing you agree to our terms and conditions and privacy policy And the answer is... Wingtech REVVL 7 Pro 5G! Same device as the T-Mobile REVVL 7 Pro 5G, custom body. Wingtech, now owned by Luxshare, makes it in Jiaxing, Wuxi, or Kunming China — Max Weinbach (@MaxWinebach) June 16, 2025 Further complicating matters, observers have noted that the T1 bears a strong physical and technical resemblance to the REVVL 7 Pro, a Chinese-made phone currently selling for under $180. This similarity has fueled speculation that the T1 may in fact be a rebranded device produced by an original design manufacturer (ODM) in China – a common industry practice, but one that would contradict Trump Mobile's claims of domestic design and assembly. Not just contradict, but turn the whole operation into a petty farce. Waging severe economic measures against China and then selling a rebranded Chinese phone is one thing, but claiming that same phone is 100% US-made is the kind of joke that will not play out well. The President's Trump Mobile service, on the other hand, might turn out to be profitable sooner than later, according to experts. Trump Mobile's $47.45/mo. plan is priced higher than many of its competitors, yet it could still become profitable relatively quickly if it keeps operating costs low. According to analyst Roger Entner, the service might break even with just 200,000 to 300,000 subscribers – an achievable target if the company avoids major expenses like retail stores and sticks to online sales. Despite its higher price point, Trump Mobile enters a crowded field where budget-friendly options are already well established. Charter offers mobile service at $30 per month, Comcast at $40, and Altice USA at $25 for the first year, increasing to $35 afterward. Other low-cost rivals include Visible by While Trump Mobile may not attract customers based on price or features, it could carve out a niche among brand-loyal consumers. Analysts expect its market impact to be limited, but profitability may still be within reach if it maintains a lean, low-overhead model. Further complicating matters, observers have noted that the T1 bears a strong physical and technical resemblance to the REVVL 7 Pro, a Chinese-made phone currently selling for under $180. This similarity has fueled speculation that the T1 may in fact be a rebranded device produced by an original design manufacturer (ODM) in China – a common industry practice, but one that would contradict Trump Mobile's claims of domestic design and just contradict, but turn the whole operation into a petty farce. Waging severe economic measures against China and then selling a rebranded Chinese phone is one thing, but claiming that same phone is 100% US-made is the kind of joke that will not play out President's Trump Mobile service, on the other hand, might turn out to be profitable sooner than later, according to Mobile's $47.45/mo. plan is priced higher than many of its competitors, yet it could still become profitable relatively quickly if it keeps operating costs low. According to analyst Roger Entner, the service might break even with just 200,000 to 300,000 subscribers – an achievable target if the company avoids major expenses like retail stores and sticks to online its higher price point, Trump Mobile enters a crowded field where budget-friendly options are already well established. Charter offers mobile service at $30 per month, Comcast at $40, and Altice USA at $25 for the first year, increasing to $35 afterward. Other low-cost rivals include Visible by Verizon and Mint Mobile, both starting at $20 per month, and Boost Mobile at $25. These competitors provide more affordable plans, especially for customers managing multiple Trump Mobile may not attract customers based on price or features, it could carve out a niche among brand-loyal consumers. Analysts expect its market impact to be limited, but profitability may still be within reach if it maintains a lean, low-overhead model. Grab Surfshark VPN now at more than 50% off and with 3 extra months for free! Secure your connection now at a bargain price! We may earn a commission if you make a purchase This offer is not available in your area. If President Trump can't deliver on his pre-election campaign promises, he'll probably (at least) keep his promise about the Trump T1 Phone and the Trump Mobile service. Right?Many doubt that Mr. Trump will be able to make this one $499 phone, featuring a 6.8-inch screen, 12 GB of RAM, 256 GB of storage, a headphone jack and a MicroSD card slot (hey, that's not bad at all!), was recently announced to go on sale this September. There are claims the phone will be produced in states like Alabama, California, and Florida. However, industry analysts are deeply skeptical – not just about the timeline (indeed it seems extremely short), but about whether domestic production is even point out that the US no longer has the kind of vertically integrated supply chain required to build a smartphone from the ground up. Everything from displays and chips to basic components like crystals and sensors are typically sourced from countries like China, Taiwan, and South Korea. As a result, producing a fully American-made phone would require an extensive and expensive overhaul of the existing hardware ecosystem.

Apple (AAPL) Suppliers in China Slide on Trump's New Tariff Threats
Apple (AAPL) Suppliers in China Slide on Trump's New Tariff Threats

Yahoo

time28-05-2025

  • Business
  • Yahoo

Apple (AAPL) Suppliers in China Slide on Trump's New Tariff Threats

Shares in China-listed Apple (AAPL, Financials) suppliers fell Monday following former U.S. President Donald Trump's threat to impose new tariffs on imported iPhones, according to a May 26 Reuters report. Luxshare, which assembles iPhones and manufactures AirPods, dropped 2.2%. Lens Technology, a screen supplier, fell 1.8%, while audio device maker Goertek declined 1.1%. Trump warned Friday that iPhones sold in the U.S. but not made there could face a 25% tariff. He also floated a 50% levy starting June 1 as part of his push to bring manufacturing jobs back to the U.S. Apple is reportedly working to shift most iPhone production for the U.S. market to India by 2026 to reduce China exposure. The former president's threat comes weeks after his administration paused broader tariff hikes to avoid further selloffs in U.S. assets. A baseline 10% tax on most imports remains, with the earlier 145% levy on Chinese goods trimmed to 30%. Commerce Secretary Howard Lutnick recently said Apple could automate U.S. production, potentially creating skilled jobs, though the company has cited technological hurdles. Quick Take: See insider trades for AAPL. Explore Peter Lynch chart for AAPL. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Apple's China listed supplier loses stocks after Trump unveils tariffs
Apple's China listed supplier loses stocks after Trump unveils tariffs

Express Tribune

time26-05-2025

  • Business
  • Express Tribune

Apple's China listed supplier loses stocks after Trump unveils tariffs

Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. PHOTO:REUTERS Listen to article China-listed Apple supplier stocks lost ground on Monday after US President Donald Trump threatened tariffs on imported iPhones. Shares in Luxshare which assembles iPhones and makes AirPods, fell 2.2% while Chinese mobile screen maker Lens Tech lost 1.8%. Airpod maker Goertek declined 1.1%. 🇨🇳🇺🇸A-SHARES LUXSHARE PRECISION INDUSTRY, A KEY APPLE SUPPLIER, HIT LIMIT DOWN FOR THREE CONSECUTIVE TRADING DAYS, WITH A TURNOVER EXCEEDING 3 BILLION YUAN.#CHINA $AAPL @MKTNews24 — CN Wire (@Sino_Market) April 8, 2025 Trump threatened on Friday to ratchet up his trade war again, warning Apple he may slap a 25% levy on any iPhones sold, but not made, in the US as part of his administration's goal of re-shoring jobs. His threat, along with a second that pushed for a 50% tariff on starting June 1, has raised fears that the trade war that the US is waging could intensify again after weeks of de-escalation. The White House paused most of the punishing tariffs Trump announced in early April against nearly every country in the world after investors furiously sold off US assets, including government bonds and the US dollar. Trump left in place a 10% baseline tax on most imports, and later reduced his massive 145% tax on Chinese goods to 30%. Apple is speeding up plans to make most iPhones sold in the United States at factories in India by the end of 2026 to tariffs in China. Commerce Secretary Howard Lutnick told CBS last month that the work of "millions and millions of human beings screwing in little, little screws to make iPhones" would come to the United States and be automated, creating jobs for skilled trade workers such as mechanics and electricians. But he later told CNBC that Cook told him that doing so requires technology not yet available. According to Tech in Asia, despite years of efforts to reduce China exposure, Apple remains vulnerable to tariffs with 85% of iPhones still manufactured in China. The company has made significant progress in India, shifting 50% of US-sold iPhones to Indian production and supporting Foxconn's plans for a new US$1.5 billion factory there. These diversification efforts, however, aren't enough to fully insulate Apple from tariff threats, as recent statements specifically demand US manufacturing rather than just non-Chinese production.

China, Hong Kong stocks weaken as auto shares, Apple suppliers weigh
China, Hong Kong stocks weaken as auto shares, Apple suppliers weigh

Business Recorder

time26-05-2025

  • Automotive
  • Business Recorder

China, Hong Kong stocks weaken as auto shares, Apple suppliers weigh

HONG KONG: China and Hong Kong stocks retreated on Monday, with automobile and Apple suppliers leading the decline. At the midday break, the Shanghai Composite index was down 0.3% at 3,338.42 points. China's blue-chip CSI300 index was down 0.7%. In Hong Kong, the benchmark Hang Seng Index was down 1% at 23,366.06. The Chinese H-share index listed in Hong Kong, the Hang Seng China Enterprises Index fell 1.3% to 8,474.69. Apple supplier stocks lost ground after US President Donald Trump threatened tariffs on imported iPhones. iPhone assembler Luxshare and mobile screen maker Lens Tech both lost 1.3%. Airpod maker Goertek declined 0.7%. Car-makers also slipped, weighing on both onshore and offshore markets. The CSI All Share Automobiles Index lost 2.8% to near a one-week low, while the Hang Seng Automobile Index in Hong Kong tumbled 4.6%. 'Sentiment has been weakening without significant fresh inflow and specific themes to trade on, analysts at China Securities said in a note. However, China's yuan has strengthened past the 7.17 level after the central bank tightened the midpoint fixing, and analysts say the strengthening trend of the currency should lend support to the nation's stocks. 'We estimate every 1% of RMB increase versus the USD could boost Chinese equities by 3%,' Goldman Sachs' China equity strategist Kinger Lau wrote in a note.

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