All articles tagged with #greater china
Apple beat Q3 estimates with EPS of $2.02 on revenue of $109.4B, powered by iPhone sales ($54.2B) but fell short on Services ($30.7B vs. $31.3B) and Greater China ($18.8B vs. $19.5B), triggering a premarket stock drop as investors weigh margin pressures from higher memory costs and the potential impact of iPhone price hikes; analysts also note a transition with John Ternus taking over from Tim Cook.
China Tourism Group Duty Free will cash purchase DFS’s stores in Hong Kong and Macau (excluding City of Dreams) and related intangibles in Greater China, with DFS continuing its other operations worldwide. LVMH and the Miller family will subscribe to CTG Duty-Free’s Hong Kong‑listed H‑shares as part of a capital increase, and CTG and LVMH will pursue a strategic cooperation in Greater China. The deal, expected to close in about two months, significantly strengthens CTG Duty-Free’s dominance in the region and reshapes the global travel-retail landscape.