Apple Nov. 12 – 13, 2013 San Francisco, CA Tickets On Sale Now This year, Apple made $27 billion from the Chinese market alone. Chief executive Tim Cook is happy with the results, but is looking for more in 2014. “We had a good quarter in China. We obviously want to do better,” said Cook on today’s earnings call. China is a huge market for Apple, where interest in iPhones and iPads is steadily growing. Comparing this year to last, iPhone sales alone have popped over 25 percent, according to today’s earnings report. As of August, the iPhone is seventh in terms of smartphone sales in China. That’s not too shabby as Apple attempts to strike up more partnerships with carriers in the region. In September this year, Apple landed a huge deal with China Mobile, the biggest mobile carrier, well, ever. The carrier has over 700 million customers and is a big win for Apple. The deal did not come about quickly, as was reported at the time. Cook supposedly had to make many trips to China to speak with the carrier, who wanted a cheaper iPhone model and a share in app revenue. And it seems that cheaper iPhone model has come around in the iPhone 5C — Apple’s slightly pared down (and colorful) version of its very expensive usual iPhone upgrade. Where the regular iPhone is around $800, this one is a couple hundred dollars less. Still, it seems the 5C remains $184 more expensive in China than in the U.S. Cook is likely looking for bigger bangs from partnerships like China Mobile in an attempt to sell the “cool factor” of an iPhone over the much more economical — and prevalent — Android that dominates global mobile market share. Related articles Apple’s $170 billion 2013: Amazing … and amazingly forgettable
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.
How will oil prices shape the Covid-19 recovery in emerging markets?
– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability
A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.
Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.
The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.
Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.
In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.
While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.
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