|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||48.64 - 48.64|
|52 Week Range||44.17 - 52.81|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||N/A|
In October 2017, the TFTC (Taiwan Fair Trade Commission) fined Qualcomm (QCOM) $774 million for antitrust violations. The Taiwan (EWT) FTC stated that Qualcomm did not license its modem technology to other industry players. Qualcomm appealed the fine’s amount and the calculation method, as it did not justify the revenue it had earned from Taiwan.
China (FXI) is the global manufacturing hub of semiconductor and consumer electronics. The US tariffs would make goods manufactured in China expensive for US companies, encouraging them to move their operations or supply chains away from China. According to DRAMeXchange, 40% of the global server demand comes from North America as big cloud companies like Google and Amazon order in bulk.
The technology industry faced a GPU (graphics processing unit) supply shortage in Q1 2018 as crypto miners gobbled up inventory. After recovering from this shortage, the industry was hit with a CPU (central processing unit) supply shortage. Intel (INTC), the world’s largest CPU maker, has been unable to meet the unexpected growth in CPU demand.
Apple (AAPL) is adding more Asian suppliers to strengthen its negotiating power with suppliers. As we discussed in the previous article, it recently replaced some of its Taiwanese (EWT) suppliers with Chinese (FXI) suppliers to reduce production costs. In a September 5 letter to Robert Lighthizer, the United States Trade Representative, Apple CEO Tim Cook stated that the proposed tariffs would increase the prices of a wide range of Apple products such as Apple Watch, AirPods, Mac mini, and adapters and chargers for several products.
Apple (AAPL) launched its most expensive iPhones to date with the premium iPhone XS Max reaching $1,449 plus tax. Citing industry sources, DigiTimes stated that lower-than-expected sales of the iPhone XS and iPhone XS Max due to high prices could significantly impact the fourth-quarter earnings of Apple’s iPhone assembly partners Foxconn Electronics and Pegatron.