Two of Apple’s biggest rivals in the smartphone game likely broke out some bubbly over the past 24 hours in celebration of the good fortune that’s suddenly come their way.
Over the past 24 hours, it should go without saying, investors, analysts and talking heads have scrutinized the potential fallout from Apple CEO Tim Cook’s surprise letter to investors Wednesday, in which Cook relayed that Apple was revising its revenue guidance lower for the typically busy holiday quarter. Apple’s stock, naturally, got slammed. Market watchers berated the company for coasting on the iPhone’s success for too long. Blame was placed in large measure on a slowdown in Apple’s business in China, which likewise stems from US-China trade tensions.
Samsung and Huawei, meanwhile, don’t have anything to worry about regarding their own businesses. Huawei for obvious reasons, and Samsung for reasons that we’ll get into it. Basically, this is good news for both.
BGR Top Deals:
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- Multicolor smart LED bulbs as good as $50 Philips Hue bulbs are back down to $17
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Apple’s bad news for investors might be good news for Samsung and Huawei originally appeared on BGR.com on Thu, 3 Jan 2019 at 14:48:11 EDT. Please see our terms for use of feeds.
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