US-China Tech Race: Huawei's 5G New Chip Presents Challenge To Apple's Dominance
Portfolio Pulse from Piero Cingari
Huawei's new Kirin 9000s processor, used in the Mate 60 smartphone series, has shown impressive 5G capabilities, challenging Apple's dominance in the smartphone market. Over 300,000 units of the Mate 60 series were sold in the first two weeks in China. Meanwhile, the Invesco China Technology ETF (CQQQ), which invests in Chinese tech companies, is on track to end its fourth straight week of losses.
September 29, 2023 | 1:01 pm
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Huawei's new Kirin 9000s processor presents a challenge to Apple's dominance in the smartphone market.
The successful launch and impressive sales of Huawei's Mate 60 series, powered by the new Kirin 9000s processor, could pose a threat to Apple's market share, especially in the Chinese market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Invesco China Technology ETF (CQQQ) is on track to end its fourth straight week of losses.
The ETF, which invests in Chinese tech companies, has been underperforming, indicating a bearish trend for Chinese tech stocks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100