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Arm Holdings Co., Ltd. arm is scheduled to report its December quarter results on Wednesday. The semiconductor designer said it is looking ahead to “solid results and guidance” thanks to surprisingly “sustained Android demand.” keybank capital market Analyst john vin.
what happened: SoftbankIn a memo seen by Benzinga, Vin said Arm Holdings is poised to turn a profit due to strong demand from Android phone makers.
This is surprising, but Samsung Electronics Co., Ltd. SSNLFthe world’s largest Android smartphone maker, has been dethroned. Apple. AAPL After running at the top for 13 years unscathed.
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Rely on AI
But an AI-focused product launch in January could help Arm. “We expect solid results and guidance from ARM as it benefits from sustained Android demand,” he said.
“The market is trending in the right direction, supported by improved demand over the holiday season,” said Toby Chew, senior analyst at Canalys.
“There are already a lot of new flagship Android releases from Google Pixel and some Chinese vendors that take advantage of the on-device AI trend.”
The first month of 2024 saw the arrival of new flagship products from Samsung and OnePlus.On the other hand, Samsung Galaxy S24 series Partner with Android manufacturers to focus on AI Alphabet Inc. google Google Google launched by Oppo subsidiary one plus 12.
Both smartphones are equipped with Qualcomm’s QCOM top tier Snapdragon 8 3rd generation chipset.
China’s economic slowdown hits Apple and its suppliers
Apple’s iPhone sales forecast in its December quarter earnings call could pose a “potential risk” to one of its suppliers. Cirrus Logic Co., Ltd. Cruz.
Cirrus is a fabless semiconductor supplier based in Austin, Texas.
However, Huawei’s resurgence has disrupted Apple’s plans in China. The upcoming Mate 70 series of smartphones will be a direct competitor to the iPhone 16 series – Huawei is expected to launch the Mate 70 series in September this year, a few days after the expected launch of the iPhone 16.
“Great China’s 13% revenue decline is more severe than expected and is likely to pose further concerns for the remainder of 2024,” Oppenheimer analysts said. Martin Yang Said.
Dan Ives of Wedbush He called Apple’s guidance for the March quarter “very conservative,” adding, “It’s no secret that Apple is having an uphill battle against Huawei.”
Analysts say Apple’s venture into China could keep the company’s stock price “in range.”
Click this link to see more of Benzinga’s Consumer Tech coverage.
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