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News: Apple evaporates $136.3 billion overnight, Tencent sues vivo for unfair competition

News: Apple evaporates $136.3 billion overnight, Tencent sues vivo for unfair competition

U.S. stocks plummet, Apple evaporates $136.3 billion overnight

The three major U.S. stock indexes have fallen sharply recently, and of course U.S. technology stocks have also plummeted. Apple’s stock fell by more than 5% on May 11, and Apple’s stock market value fell from the world’s No. 1 throne. Immediately after May 18; the three major U.S. stock indexes fell sharply again. During the same period, most technology stocks closed down sharply. Amazon fell by more than 7%, Tesla fell by 6.8%, and Apple fell by 5.64%; Apple’s stock price reported $140.82 per share, Apple The latest market value of the company’s stock was $2.3 trillion, and Apple lost $136.3 billion overnight.

The sharp fall in U.S. stocks does not seem to be over, and the risk of a U.S. economic recession is still increasing.

According to market analysis data, in the first quarter of 2022, Huawei, Apple, vivo, OPPO, and Xiaomi are still leading the 5G mobile phone market. Apple’s 5G mobile phone market share ranked second with a 17.4% share. Among the TOP models with the fastest market share growth, the top five are all iPhones, namely iPhone 13, iPhone 12, iPhone 13 Pro Max, iPhone 13 Pro, and iPhone 12 Pro Max.

And in the first quarter of 2022, Apple’s 5G models have more than 20% growth.

Wuhan’s first Apple retail store opens on May 21

The first Apple Store in Wuhan is located on the second floor of Building C, Wuhan International Plaza Shopping Center. It is the 54th Apple Store in Greater China. Apple officially announced that the first Apple Store in Hubei Province will open this Saturday morning in Wuhan. .

One of the special features of the first Apple retail store in Wuhan is that the center of the Wuhan Apple retail store is the first pick-up area set up by Apple in China.

Tencent sues vivo for unfair competition

According to the information displayed by the court, we can see that the Tencent v. vivo network unfair competition dispute case will start on May 20. The reason is the mobile app store battle. It is considered that third-party app stores and mobile phone manufacturers’ own app stores compete with each other and play against each other; now we have to go to court against Bo and sue for unfair competition.

Tencent App Store sued vivo to take advantage of the underlying system of mobile phones, by inserting pop-up windows, text, buttons, setting risk detection, etc., to restrict users from downloading and installing App Store normally, as well as downloading and installing apps through App Store, and at the same time inducing users to the apps that come with vivo Store to download or install apps to get more traffic and commercial benefits.

There was also a Tencent v. OPPO case before.

Musk: China’s economy will be two or three times the size of the US

Musk first praised the complete functions of WeChat, and even said that China’s economy will be two or three times the size of the United States.

On May 16, local time in the United States, when Musk attended a podcast summit, he liked WeChat with full functions; “If you are in China, you basically have to rely on WeChat to live. WeChat has powerful functions, similar to Twitter plus PayPal payment. Plus all the other features, it all comes together. The interface is great too, it’s a really good app.”

Musk said in an interview that in the future, China’s economy may be twice or three times that of the United States. In order to compete with China, the United States must “stop infighting.”

According to the U.S. Bureau of Economic Analysis (BEA), the total U.S. GDP in 2021 is about $23 trillion. According to the National Bureau of Statistics of China, China’s total GDP in 2021 will reach 114.4 trillion yuan; about 17.7 trillion US dollars.

Collected from Chongqing Morning Post, Global Network, Finance World, Sino-Singapore Jingwei and Xun.com, The Paper

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