Bloomberg Daybreak: Asia Edition
Apple's Record Buyback Plan, Watching The Yen
May 3, 2024
Maribel Lopez discusses Apple's buyback plan, Michael Wilson updates on the yen intervention, and Terri Spath shares market insights. Topics include Apple's Chinese market success, currency speculation, US stock market analysis, Chair Powell's statements on rates, and strategic bond investment decisions.
21:28
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Quick takeaways
- Apple's strong performance in China defied earlier research reports, showcasing potential turnaround in the market.
- Shift towards AI software in smartphones highlights Apple's emphasis on innovation for future growth.
Deep dives
Apple's Surprising Performance in China
Apple's performance in China exceeded expectations, particularly in the mainland where they had significant gains despite predictions of losing share in that market. The company navigated the quarter well, showcasing impressive results in Greater China revenue, although it still remained below the previous year. The performance defied earlier research reports and highlighted a potential turnaround for Apple in the competitive Chinese market.
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