While Apple negotiates Indonesia sales ban, another Chinese smartphone maker is entering the country

While Apple negotiates Indonesia sales ban, another Chinese smartphone maker is entering the country


Key Points
  • Huawei spinoff Honor announced Tuesday it is entering Indonesia and plans to launch its smartphones there by the end of March.
  • The populous Southeast Asian country has banned Apple’s iPhone 16 over domestic production requirements.
  • As of November, Oppo, Xiaomi and Transsion — all China-based — held the top three spots in Indonesia by smartphone shipments, according to Canalys.



Source

Stocks making the biggest moves after hours: Affirm, Coinbase, Pinterest and more
Finance

Stocks making the biggest moves after hours: Affirm, Coinbase, Pinterest and more

Check out the companies making headlines in extended trading. Affirm — Stock in the buy now, pay later company pulled back nearly 8%. Affirm issued fiscal fourth- quarter revenue guidance ranging between $815 million and $845 million, with a midpoint of $830 million. That’s short of the consensus estimate of $841 million, per LSEG. Pinterest […]

Read More
Stocks making the biggest moves midday: AppLovin, Carvana, MercadoLibre, Crocs and more
Finance

Stocks making the biggest moves midday: AppLovin, Carvana, MercadoLibre, Crocs and more

Check out the companies making headlines in midday trading. AppLovin — The mobile ad tech company jumped 12% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal. Carvana — Shares jumped more than 11% after the online used car marketplace posted better-than-expected […]

Read More
Stocks making the biggest moves premarket: Shopify, AppLovin, Peloton, Tapestry and more
Finance

Stocks making the biggest moves premarket: Shopify, AppLovin, Peloton, Tapestry and more

Check out the companies making headlines in premarket trading. Shopify — Shares of the commerce technology platform dove 8.7% even after first-quarter revenue came in at $2.36 billion, beating the FactSet consensus estimate of $2.33 billion. Shopify had risen 20% over the past month, and its full year guidance set operating expenses at 39%-40% of […]

Read More