Share search
Client login
Menu
Careers
Intermediaries
Media Centre
Investment Management
Stockbroking
IPOs
ISAs
Location Finder
Search for your local office
Submit
Share Search
Share Prices & Company Research
Investment Management
Our Services
Financial Planning
Managed Portfolios
Investing for Retirement
AIM/IHT Portfolios
Transfer your portfolio
Contact Us
Our Approach
Our Investment Process
Our Investment Approach
Our Fees
Are you looking for peace of mind in retirement?
You could look to mitigate inheritance tax (IHT) by investing in a portfolio of qualifying shares traded on the Alternative Investment Market (AIM).
Find out more
Stockbroking
Our Services
Open a portfolio and start trading
Transfer to us from another provider
Talk to a Stockbroker
Receive advice on stocks and shares
Investing for children
Invest for my pension
Publications and Newsletters
Share prices & company research
Take control over your investment decisions.
View our range of stock market publications and newsletters.
View our Publications
New Issues
Latest News
ISAs
Pensions
About Us
Login
Home
Investment Management
Stockbroking
New Issues
Latest News
ISAs
Pensions
About Us
Careers
Intermediaries
Media Centre
Share Prices & Company Research
Home
Latest News
Market Round-Up
News
25 April 2024
Market Round-Up
Market Round-Up
During the first quarter of 2024, Apple experienced a decline in its global market share, primarily attributed to intensified competition from Chinese rivals. Despite a prevailing consumer trend favouring pricier phones for a longer duration, Apple struggled with the emergence of new competition in the premium market sector. The resurgence of Huawei, alongside the rapid growth of Transsion, likely contributed to a notable 10% decrease in iPhone sales in Q1 of 2024.
Moreover, multiple Chinese state firms and government have instructed employees to use local brands rather than Apples iPhone. Further adding to the tech giants’ challenges, Apple has just been ordered to remove WhatsApp and Threads from the Chinese app store, due to national security concerns. Thus, it comes as no surprise that Apple encountered a significant 24% decrease in its Chinese sales for the early weeks of 2024, as opposed to Huawei's remarkable 64% surge, as reported by analysts at Counterpoint. In response to this, the company is looking to strategically expand and diversify its consumer sales and manufacturing base outside of China, transitioning instead to Vietnam.
In the UK, retail sales for March stagnated, most notably in food and department store purchases. This downturn surprised economists, who had anticipated a modest 0.3% sales uptick since inflation has started to ease. Interestingly, automotive fuel sales surged to their highest point since May 2022 amidst this retail landscape.
Lisa Hooker, PwC's industry leader for consumer markets, expressed disappointment at the stagnation but remains optimistic. She suggests that the recent ease of inflation and the initial 2% cut to national insurance will likely take some time before it is reflected in the level of consumer spending. In contrast, Tesco and Next provided a glimmer of hope as both retailers highlighted an improved consumer outlook and projected profit growth for the year of 2024.
Please note that this communication is for information only and does not constitute a recommendation to buy or sell the investments mentioned. Investments and income arising from them can fall as well as rise in value.
More News Stories
Key Policies of the New Government
30 August 2024
UK Build-to-Rent
27 August 2024
Multi-Sector Credit, Are bonds back in favour?
20 August 2024
Income opportunities Across Emerging Markets
12 August 2024
SUBSCRIBE TO OUR PUBLICATIONS
We offer complimentary investment publications produced by our in-house Investment Research team. Please
click here
to view our range.
Important
Terms of Use
Privacy Policy
Terms of Business
Order Execution
Conflicts of Interest
Complex Instruments
HELP
Brochures and Forms
Make a Payment
Frequently Asked Questions
Glossary
Contact Us
Site Map
Investment Fraud
INFORMATION
Our Service Levels
Treating Customers Fairly
Protection of Client Assets
Engagement Policy
Investment Risk
MIFIDPRU 8 Public Disclosure
Investors In People (IIP)
Gender Pay Gap Report
Follow Us
Website © Redmayne Bentley 2024
Redmayne Bentley LLP is a Limited Liability Partnership. Registered in England and Wales. Registered No: OC344361
Registered Office: 3 Wellington Place, Leeds LS1 4AP. VAT No: GB 165 8810 81. LEI: 213800S3IRIPK1R3JQ58
Members of the London Stock Exchange. Authorised and Regulated by the Financial Conduct Authority.