Apple executives interpret Q4 financial report: We rarely experience supply and demand imbalances, and will continue to drive AI investment next year.

Apple Inc. released its financial report for the fourth quarter and fiscal year 2024: total net revenue for the fourth quarter was $94.93 billion, a 6% year-on-year increase; net income was $14.736 billion, a 36% year-on-year decrease; diluted earnings per share were $0.97, a 34% year-on-year decrease. Apple's revenue in the greater China region for the fourth quarter was $15.033 billion, slightly lower than the $15.084 billion in the same period last year (Note: Apple's fiscal year is different from the calendar year, running from October 2023 to September 2024). After the financial report was released, Apple's management held a conference call.

Sina technology20:07 ET

Thursday, Halloween Market Falls in Scary Reaction to Earnings | Wall Street Today

Kevin Travers16:57 ET

Goldman Sachs believes that the Swiss franc will benefit from the risk of US tariffs.

Goldman Sachs stated that if the tariff risks significantly increase after the US election, the bank would consider changing its neutral stance on the Swiss franc to a call. Strategists Lexi Kanter and Michael Cahill stated that in this scenario, the Swiss franc would be the biggest beneficiary outside the US dollar. The bank noted that Switzerland's export basket is mainly composed of technologically advanced products and pharmaceuticals, with these products lacking price elasticity and being non-cyclical. If the US imposes tariffs, the eurozone economy may weaken. The report stated that this should boost demand for the Swiss franc, which is traditionally a safe haven when Europe is in trouble. In addition, the strategy

Global Market ReportOct 31 11:20 ET

Halloween Market Falls, Scared of Meta and Microsoft CapEx | Live Stock

Kevin TraversOct 31 10:42 ET

Full Text | Ideal Q3 Earnings Conference Record: Hoping next year's sales growth rate will be twice that of the high-end new energy autos market.

li auto inc (NASDAQ: LI; HKEX: 2015) today released the third quarter financial report for the year 2024 ending on September 30: total revenue was 42.9 billion yuan, a year-on-year increase of 23.6% and a quarter-on-quarter increase of 35.3%. Net income was 2.8 billion yuan, a year-on-year increase of 0.3% and a quarter-on-quarter increase of 56.2%. Non-GAAP net income was 3.9 billion yuan, a year-on-year increase of 11.1% and a quarter-on-quarter increase of 156.2%. After the financial report was released, the li auto inc management held a conference call, attended by li auto inc Chairman and CEO Li Xiang, CFO Li Tie, President Ma Donghui, and senior vice president.

Sina TechnologyOct 31 10:16 ET

Goldman Sachs: Maintains a 'buy' rating on BYD Company with a target price of 359 Hong Kong dollars.

Goldman Sachs released a research report stating that it maintains a 'buy' rating on BYD Company (01211) with a target price of HK$359 for its H shares. The company's third-quarter revenue met expectations, with net income exceeding market expectations by 11%. With the increase in sales volume, the gross margin expanded by 3.2 percentage points quarter-on-quarter, achieving economies of scale. The report stated that although BYD's gross margin was higher than expected, it was offset by increased operating expenses. Looking ahead, it is expected that BYD will continue to launch new car models in the remaining time this year, further driving sales growth. It is projected that sales in the fourth quarter will increase by 12% quarter-on-quarter to 1.267 million units, gross...

Sina Hong Kong stocksOct 31 04:41 ET