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Apple: Pay attention to emerging markets, not falling sales in China

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Apple CFO Luca Maestri allayed investor concerns about an 8% revenue decline in China, noting that sales in other emerging markets are rising.

“When we start looking at places like India, Saudi Arabia, Mexico, Turkey, Brazil… and Indonesia, the numbers get bigger and bigger and we are very happy because these are markets where our market share is (currently) low” – Maestri said Thursday during Apple’s second-quarter earnings call.

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Revenue in China fell to $16.37 billion in the second quarter

“Populations are large and growing, and our products are really making great progress in these markets,” Maestri continued. “The level of interest in the brand is very high.”

One thing, Maestri says, might be verified: Populations in emerging markets are in fact large and growing. However, available data shows that Apple’s growth in these regions is not as rosy as the manager tried to paint.

Net sales in the Americas – which incorporates places like Brazil and Mexico – fell barely year-over-year from $37.8 billion to $37.3 billion, the info showed. Apple Q2 2024 Report. Sales in the “rest of Asia-Pacific,” which incorporates emerging markets corresponding to India and Vietnam, fell 17% from $8.1 billion in the second quarter of 2023 to $6.7 billion as of March 31.

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To play devil’s advocate, Apple’s declining sales in these regions can have more to do with pricing than product hype.

Maestri noted that Apple has introduced several financing solutions and trade-in programs that “lower the affordability threshold” in order that customers should purchase high-end products.

“This is very valuable to us in developed markets, but especially in emerging markets where affordability issues are more pronounced,” Maestri said.

However, pointing to a glimmer of hope in emerging markets may not be enough to reassure investors. China is Apple’s third-largest market and has grow to be a battleground for fierce competition with dominant domestic firms corresponding to Oppo and Xiaomi. According to counterpoint researchHuwaei has seen a sea change in the country after being completely sidelined by US sanctions. The company’s phone sales were up nearly 70% from a 12 months earlier, while Apple’s sales were down 19%. In September 2023, Beijing imposed a ban on using iPhones for presidency officials in the workplace, echoing U.S. actions against Huawei.

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China and emerging markets weren’t the one declines in Apple’s balance sheet this quarter. The company also saw a ten% decline in iPhone sales across all markets. Apple’s slow adoption of artificial intelligence compared to competitors like Google and Microsoft also potentially played a job in slowing iPhone sales.

Despite unimpressive hardware numbers, Apple managed to beat Wall Street expectations. He also called for a rise in the corporate’s shares greater than 10% in after-hours trading, driven by each growth in service revenues and large $110 billion in share repurchases, a jump from last 12 months’s $90 billion purchase.

Investors on the decision tried to get Maestri and Apple CEO Tim Cook to reveal additional details concerning the upcoming generative artificial intelligence launches that Apple has been teasing over the past few months, however the executives only revealed that announcements were imminent.

We’ll be following Apple’s Global Developer Conference closely for more news.

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This article was originally published on : techcrunch.com

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PO clarous Director General Zoom also uses AI avatar during a quarterly connection

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Zoom CEO Eric Yuan

General directors at the moment are so immersed in artificial intelligence that they send their avatars to cope with quarterly connections from earnings as a substitute, a minimum of partly.

After AI Avatar CEO CEO appeared on the investor’s conversation firstly of this week, the final director of Zoom Eric Yuan also followed them, also Using his avatar for preliminary comments. Yuan implemented his non -standard avatar via Zoom Clips, an asynchronous company video tool.

“I am proud that I am one of the first general directors who used the avatar in a call for earnings,” he said – or fairly his avatar. “This is just one example of how Zoom shifts the limits of communication and cooperation. At the same time, we know that trust and security are necessary. We take seriously the content generated AI and build strong security to prevent improper use, protect the user’s identity and ensure that avatars are used responsibly.”

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Yuan has long been in favor of using avatars at meetings and previously said that the corporate goals to create Digital user twins. He just isn’t alone on this vision; The CEO of transcript -powered AI, apparently, trains its own avatar Share the load.

Meanwhile, Zoom said he was doing it Avatar non -standard function available To all users this week.

(Tagstranslat) meetings AI

This article was originally published on : techcrunch.com
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The next large Openai plant will not be worn: Report

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Sam Altman speaks onstage during The New York Times Dealbook Summit 2024.

Opeli pushed generative artificial intelligence into public consciousness. Now it might probably develop a very different variety of AI device.

According to WSJ reportThe general director of Opeli, Altman himself, told employees on Wednesday that one other large product of the corporate would not be worn. Instead, it will be compact, without the screen of the device, fully aware of the user’s environment. Small enough to sit down on the desk or slot in your pocket, Altman described it each as a “third device” next to MacBook Pro and iPhone, in addition to “Comrade AI” integrated with on a regular basis life.

The preview took place after the OpenAI announced that he was purchased by IO, a startup founded last 12 months by the previous Apple Joni Ive designer, in a capital agreement value $ 6.5 billion. I will take a key creative and design role at Openai.

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Altman reportedly told employees that the acquisition can ultimately add 1 trillion USD to the corporate conveyorsWearing devices or glasses that got other outfits.

Altman reportedly also emphasized to the staff that the key would be crucial to stop the copying of competitors before starting. As it seems, the recording of his comments leaked to the journal, asking questions on how much he can trust his team and the way rather more he will be able to reveal.

(Tagstotransate) devices

This article was originally published on : techcrunch.com
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The latest model AI Google Gemma can work on phones

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It grows “open” AI Google, Gemma, grows.

While Google I/O 2025 On Tuesday, Google removed Gemma 3N compresses, a model designed for “liquid” on phones, laptops and tablets. According to Google, available in a preview starting on Tuesday, Gemma 3N can support sound, text, paintings and flicks.

Models efficient enough to operate in offline mode and without the necessity to calculate within the cloud have gained popularity within the AI ​​community lately. They will not be only cheaper to make use of than large models, but they keep privacy, eliminating the necessity to send data to a distant data center.

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During the speech to I/O product manager, Gemma Gus Martins said that GEMMA 3N can work on devices with lower than 2 GB of RAM. “Gemma 3N shares the same architecture as Gemini Nano, and is also designed for incredible performance,” he added.

In addition to Gemma 3N, Google releases Medgemma through the AI ​​developer foundation program. According to Medgemma, it’s essentially the most talented model to research text and health -related images.

“Medgemma (IS) OUR (…) A collection of open models to understand the text and multimodal image (health),” said Martins. “Medgemma works great in various imaging and text applications, thanks to which developers (…) could adapt the models to their own health applications.”

Also on the horizon there may be SignGEMMA, an open model for signaling sign language right into a spoken language. Google claims that Signgemma will allow programmers to create recent applications and integration for users of deaf and hard.

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“SIGNGEMMA is a new family of models trained to translate sign language into a spoken text, but preferably in the American sign and English,” said Martins. “This is the most talented model of understanding sign language in history and we are looking forward to you-programmers, deaf and hard communities-to take this base and build with it.”

It is value noting that Gemma has been criticized for non -standard, non -standard license conditions, which in accordance with some developers adopted models with a dangerous proposal. However, this didn’t discourage programmers from downloading Gemma models tens of tens of millions of times.

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(Tagstransate) gemma

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