PSA Today 11 July: Bullish tone overall / Apple's strong iPhone 16 target / China's auto market shrinks / Genki MonotaRO / Shift plummets on Q3 results – Nikkei 225 +0.94% | ¥$161.72
PSA Today Japan Market Comment by Pelham Smithers, Julie Boote, Lindsay Whipp and Nia DokovaTags: Apple (AAPL US), TSCM (2330 TT), Murata (6981 JT), Taiyo Yuden (6976 JT), Fanuc (6954 JT), Yaskawa Electric (6506 JT), Toyota Motor (7203 JT), Nissan Motor (7201 JT), Mazda Motor (7261 JT), Denso (6902 JT), Treasure Factory (3093 JT), MonotaRO (3064 JT), Shift (3697 JT), Curves Holdings (7085 JT), Enechange (4169 JT), Eisai (4523 JT), Eli Lilly (LLY US), OpenAI (pvt), Huawei (pvt), TDK (6762 JT), Sony (6758 JT), Misumi Group (9962 JT)
Main Points
• Strong day as US markets hit record highs
• Apple targets 90mil iPhone 16 sales in 2024 H2
• Deterioration in China’s auto market
• MonotaRO June sales +16% YoY adjusted for business days
• Shift FY24 Q3 results – misses expectations again
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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