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  • Video / Yesterday at 13:32 GMT

    Why Apple is still losing momentum: Garnry

    Peter Garnry
    Saxo Bank head of equity strategy Peter Garnry explains why he thinks Apple has lost its mojo

    iPhone sales are saturating fast. The company’s business in China is deteriorating fast. Revenue is down 33% in the latest quarterly figures.

    Apple smartphones are encountering significant competition from Chinese hardware and software manufacturers at a lower price point.

    Revenues from the Beats music subscription service and the Apple Watch are down 10% compared to last year. As a result, Garnry doesn’t expect Apple share prices to be fantastic over the next year.
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  • Video / 13 July 2016 at 12:01 GMT

    Why I'm short Apple and long Samsung: Garnry

    Peter Garnry
    Peter Garnry, head of equity strategy at Saxo Bank, examines the current market status of Samsung and Apple, and explains the idea of a pair trade going short on Apple and long on Samsung.

    Garnry points out Samsung's recent rise in mobile sales against Apple's declining sales, and the situation in the Asian market, where phone manufacturers such as Huawei and Samsung are eating market share from Apple.

    On top of that, other tech branches of Samsung are also seeing strong performance, and the South Korean tech giant might even get Apple as a customer of its OLED technology in the near future.
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