SHENZHEN, China, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Chinese technology enterprise Huawei announced that it will launch the "Wheelchair Mode" for its active ring feature this month, specifically developed for wheelchair users worldwide, integrating accessibility functions into the sports and health experience of smart wearable devices. Zhu Ping, President of Huawei Consumer BG Marketing and Sales Services, who announced this technological application, told Xinhua in a recent interview that Huawei's team in th ...

Core Insights - Best Buy Canada has launched its Black Friday sale, offering discounts of up to 80% on various products [2][3] Product Discounts - Significant savings include $250 off the Apple iPhone 16 Pro Max 256GB, now priced at $1,199 [3] - A $430 discount on the Roku Select Series 75" 4K UHD HDR QLED Smart TV, bringing the price down to $1,069 [3] - Discounts on laptops include $300 off the HP 15.6" Laptop, now $699 [3] - The PlayStation 5 Slim Digital Edition is available with a $130 discount, priced at $469 [3] - Apple iPad A16 11" 128GB is discounted by $100, now $599 [3] - The Garmin fēnix 7 Pro Sapphire Solar smartwatch sees a $620 reduction, now $779 [3] - Samsung Galaxy S25 FE 128GB is available with a $170 discount, priced at $629 [3] - Sony WH-1000XM4 headphones are discounted by $152, now $298 [3] - Dyson V8 Origin Cordless Vacuum is available with a $150 discount, now $349 [3] - The Philips 800 Automatic Espresso Machine is discounted by $550, now $1,199 [3] - Lenovo IdeaPad Slim 3 15.6" Touchscreen Laptop sees a $250 discount, now $699 [3] - Samsung 65" S84F Series 4K UHD HDR OLED TV is available with a $700 discount, now $2,299 [3] - Razer BlackWidow V3 Gaming Keyboard is discounted by $50, now $149 [3] - Beats By Dr. Dre Studio Pro headphones are available with a $180 discount, now $319 [3] - Google Pixel 9a 128GB is discounted by $180, now $419 [3] - Sony BRAVIA Theatre System is available with a $400 discount, now $599 [3] - Heritage Infrared Steam Air Fryer sees an 80% discount, now $49 [3] - Starlink Mini Kit is available with a $300 discount, now $199 [3] - Dyson Airwrap i.d. Multi-Styler is discounted by $200, now $499 [3] - Bosch 100 Series Built-In Dishwasher sees a $550 discount, now $1,199 [3] - MotionGrey Ergo2 Adjustable Electric Standing Desk is available with a $170 discount, now $329 [3]

Core Viewpoint - The company reported a strong performance in 3Q25, with adjusted net income exceeding expectations due to smart EV breakeven, investment disposal gains, and other income, while traditional business faces challenges from rising memory prices and IoT competition [1] Group 1: Financial Performance - 3Q25 revenue reached RMB113 billion, representing a 22% year-over-year increase, with gross profit margin (GPM) at 22.9%, up 0.4 percentage points quarter-over-quarter [1] - Adjusted net income for 3Q25 was RMB11.3 billion, beating expectations by 8-13%, primarily driven by investment disposal gains and other income [1] - The smart EV segment achieved its first profitable quarter with an operational profit of RMB0.7 billion and profit per vehicle exceeding RMB6,000 [2] Group 2: Business Segments - Smart EV revenue surged by 36.4% quarter-over-quarter to RMB29 billion, driven by the YU7 SUV, although GPM slightly declined to 25.5% due to initial ramp-up costs [2] - Smartphone revenue decreased by 3% year-over-year to RMB46 billion, with an average selling price (ASP) decline of 4% year-over-year [3] - IoT revenue declined by 29% quarter-over-quarter, primarily due to a 64.8% drop in smart large home appliance sales, but GPM improved to 23.9% [4] - Internet services revenue grew by 11% year-over-year to RMB9.4 billion, driven by a 17% increase in advertising revenue, with GPM at 76.9% [5] Group 3: Future Outlook - The company has adjusted its 2025 smartphone shipment target from 170 million-180 million to 160 million-170 million due to memory price pressures [3] - The company expects internet services revenue to reach RMB37 billion in 2025, reflecting a 10% year-over-year growth [5] - The new target price for the company remains at HK$71.14, with a reiteration of the BUY rating [6]

Core Viewpoint - Xiaomi's 3Q revenue and adjusted net profit growth of 22% and 81% YoY, respectively, were slightly above expectations, driven by the fast-growing smart EV business, resilient internet segment, and improved operating efficiency, despite weaker smartphone sales [1][2] Financial Performance - 3Q25 revenue growth of 22% YoY was in line with expectations, supported by smart EV and internet services growth [2] - Smartphone revenue declined by 3% YoY due to flat shipments and a decrease in average selling price (ASP) [2] - Smart EV revenue surged by 198%, achieving operating income breakeven for the first time, attributed to strong EV deliveries and ASP increases [2] - IoT revenue increased by 6% YoY, driven by overseas markets, although this was partially offset by weaker sales in large home appliances in China [2] - Internet revenue grew by 11% YoY, supported by solid advertising growth [2] Outlook - Management is conservative regarding margin headwinds in the near term due to memory cost hikes and EV tax subsidies, but strategic objectives for smartphone and EV market share gains, new retail networks, and overseas expansion remain on track [3] - GPM pressure for smartphones is expected to persist into 4Q25 and 2026, despite securing supply agreements with memory suppliers [3] - For smart EVs, a decline in GPM is anticipated in 2026 due to competition and EV purchase tax subsidies [3] - IoT is expected to benefit from rapid overseas expansion and the development of Xiaomi's OS and local LLM as a foundation for an edge AI ecosystem [3] Strategic Positioning - Xiaomi's strong ecosystem and market expansion strategies are expected to help navigate headwinds, leading to a maintained BUY rating [4] - FY26-27E adjusted EPS has been trimmed by 9% each to reflect 3Q results, rising memory costs, and competition [4] - The new SOTP-based target price of HK$ 55.31 implies a 26.3x FY26E P/E ratio [4] - Upcoming catalysts include product launches, updates on memory pricing, and ramp-up of EV capacity [4]

Core Insights - The electronic industry has shown significant growth in revenue and profit for the first three quarters of 2025, with a notable increase in profit growth outpacing revenue growth [1][4] - The semiconductor sector has achieved a revenue of 501.3 billion yuan, marking a 14.43% increase compared to the same period in 2024, and a net profit of 43.898 billion yuan, reflecting a substantial 49.85% growth [2][4] - All six sub-sectors within the electronic industry reported year-on-year growth in both revenue and net profit, indicating an overall improvement in industry conditions [1][4] Semiconductor Sector - The semiconductor sector's revenue for the first three quarters of 2025 reached 501.3 billion yuan, a 14.43% increase from 438.101 billion yuan in 2024, with a net profit of 43.898 billion yuan, up 49.85% from 29.294 billion yuan [2] - In Q3 2025, the semiconductor sector generated revenue of 178.803 billion yuan, a year-on-year growth of 12.55%, and a quarter-on-quarter increase of 4.32% [2] - The net profit for Q3 2025 was 19.754 billion yuan, showing a significant year-on-year increase of 73.15% and a quarter-on-quarter growth of 32.16% [2] Consumer Electronics Sector - The consumer electronics sector achieved a revenue of 1.48 trillion yuan in the first three quarters of 2025, representing a 25.77% increase from the previous year, with a net profit of 60.545 billion yuan, up 22.8% [2] - In Q3 2025, the sector's revenue was 588.946 billion yuan, reflecting a year-on-year growth of 27.21% and a quarter-on-quarter increase of 22.34% [2] - The net profit for Q3 2025 was 27.167 billion yuan, with a year-on-year increase of 34.02% and a significant quarter-on-quarter growth of 45.41% [2] Optical and Optoelectronic Sector - The optical and optoelectronic sector reported a revenue of 718.811 billion yuan for the first three quarters of 2025, a 6.85% increase from 2024, with a net profit of 14.428 billion yuan, up 60.79% [3] - In Q3 2025, the sector's revenue was 253.826 billion yuan, showing a year-on-year growth of 7.53% and a quarter-on-quarter increase of 5.72% [3] - The net profit for Q3 2025 was 4.649 billion yuan, reflecting a year-on-year increase of 48.96%, although it experienced a slight quarter-on-quarter decline of 1.91% [3] Investment Recommendations - The electronic industry is expected to maintain high revenue and profit growth, driven by trends in self-sufficiency and domestic substitution [4] - Key companies in the semiconductor sector include SMIC, Cambrian, and others with strong R&D capabilities [4] - In the consumer electronics sector, companies like GoerTek and Luxshare Precision are recommended due to their scale advantages [4] - For the optical and optoelectronic sector, TCL Technology and BOE Technology are highlighted as companies with strong performance and resilience to external tariff impacts [4]

Core Viewpoint - CICC maintains Lenovo Group's FY2026/27 profit forecast largely unchanged, with the current stock price corresponding to 9.3x/8.0x P/E ratios for FY2026/27, and maintains an outperform rating with a target price of HKD 14.8, indicating a 52% upside potential [1] Group 1: Financial Performance - Lenovo Group reported 2QFY26 revenue of USD 20.452 billion, a year-on-year increase of 14.6%; non-HKFRS net profit was USD 512 million, up 25.2%; and net profit attributable to shareholders was USD 340 million, which included a non-cash fair value gain of USD 148 million related to warrants and nominal interest of USD 28.47 million from convertible bonds [2] - The overall performance exceeded expectations due to double-digit revenue growth across all three business groups and regions, with AI-related revenue accounting for 30% of total revenue, up 13 percentage points year-on-year [2] Group 2: Business Segments - The IDG segment's revenue grew by 11.8% year-on-year to USD 15.107 billion, with an operating profit margin of 7.3%. Lenovo's PC shipment growth of 17.3% outpaced the industry average of 9.4%, leading to a market share of 25.5% [3] - Lenovo holds a 31.1% share of the global Windows AI PC market, maintaining its leading position, with AI PC products accounting for 30% of notebook shipments in mainland China [3] Group 3: AI Infrastructure - The ISG segment's revenue increased by 23.7% year-on-year to USD 4.087 billion, with improvements in operating profit margins. The cloud infrastructure business achieved record revenue for the period, and AI server revenue saw high double-digit growth with strong order reserves [4] - The enterprise infrastructure business is undergoing a transformation to cater to different business models for large enterprises and SMEs [4]

Core Points - The U.S. International Trade Commission (ITC) issued a final ruling on November 20, 2025, regarding certain video-capable devices, terminating investigations based on the withdrawal of the applicant [1] - The ITC's earlier preliminary rulings on September 5 and September 22, 2025, were also not reviewed, leading to the termination of investigations related to multiple patent claims [2] - Nokia Technologies Oy and Nokia Corporation filed a complaint with the ITC on April 11, 2025, alleging patent infringement against several companies [3] - The defendants named in the case include Acer America Corporation, Acer Inc., ASUSTeK Computer Inc., Hisense Group, and Hisense USA Corporation [4] Summary by Category ITC Rulings - The ITC's final ruling on November 20, 2025, confirmed the termination of investigations into specific patent claims due to the applicant's withdrawal [1] - The ITC did not review preliminary rulings made on September 5 and September 22, 2025, which also resulted in the termination of investigations into various patent claims [2] Patent Infringement Claims - Nokia Technologies Oy and Nokia Corporation initiated a 337 investigation on April 11, 2025, claiming that certain products violated U.S. patent laws [3] Defendants - The companies named as defendants in the investigation include Acer America Corporation, Acer Inc., ASUSTeK Computer Inc., Hisense Group, and Hisense USA Corporation [4]

Core Insights - Samsung Electronics has appointed TM Roh, the mobile chief, as the new co-CEO and head of its device experience division [1] Company Developments - The appointment of TM Roh signifies a strategic move by Samsung to enhance leadership within its mobile and device experience sectors [1]

Core Viewpoint - Logitech International S.A. is under investigation for potential securities fraud and unlawful business practices following a cybersecurity incident that led to data exfiltration [1][2]. Group 1: Cybersecurity Incident - On November 14, 2025, Logitech announced a cybersecurity incident involving the exfiltration of data, believed to have been executed through a zero-day vulnerability in third-party software [2]. - The data compromised likely included limited information about employees, consumers, customers, and suppliers [2]. - Following the announcement, Logitech's stock price dropped by $4.75 per share, or 4.02%, closing at $113.27 on November 17, 2025 [2]. Group 2: Legal Investigation - Pomerantz LLP is investigating claims on behalf of Logitech investors regarding possible securities fraud or other unlawful business practices by the company and its officers or directors [1].

Core Insights - Logitech is set to open its first Experience Store in San Francisco's Union Square on November 25, providing a hands-on opportunity for visitors to engage with its latest products [1] - The store will feature Logitech's flagship MX Master 4 mouse, which has received global acclaim from both the community and experts [1] - The immersive experience aims to demonstrate how MX products enhance productivity and creativity, running until December 24 [1]