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China no longer plays in its favor

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Apple has closed its fiscal fourth quarter of 2025 with $102.5 billion in revenue, surpassing the psychological barrier of $100 billion in a quarter for the first time. Earnings per share have reached $1.85, 13% more than a year ago. Wall Street expected less, so the stock is up 4% outside market hours It is the best quarter in Apple’s history. It is also the one that best exposes its dependence on China. Why is it important. Apple is already worth more than $4 trillion, the third company to reach that valuation after NVIDIA and Microsoft. Its results affect hundreds of suppliers in its production chain. But the growth of the iPhone, which still accounts for half of its revenue, has slowed. China is both a threat and an opportunity: If you regain traction there, the rally continue. If not, services will have to compensate more and more. And they are not infinite. Yes, but. ‘Greater China’ (a region that includes mainland China, Macau, Taiwan and Hong Kong) is the only region that has fallen compared to the previous year. Revenues in that market have been $14.5 billion, 4% less year-on-year and well below the $16.4 billion expected by analysts. Tim Cook has tried to soften the blow by promising that they will grow again in the first fiscal quarter thanks to the iPhone 17but the numbers sing: Apple is losing ground where it hurts most. Besides, Chinese brands are winning the battle of prestige on their own territory. Manufacturers like Huawei, Xiaomi or Vivo are no longer cheap alternatives and have started to position themselves as premium options, with special emphasis on the former. Apple is no longer the only status symbol in a market that manufactures many of its products. The money trail. The Services division has reached $28.75 billion this quarter, 15% more than last year. It is a historical maximum and the figure that really sustains Apple’s growth. In the full fiscal year, Services have exceeded $109 billion, another record. iPhone: 49 billion (+6%). Services: 28,750 million (+15%). Mac: 8,726 million (+13%). iPad: 6,952 million (practically flat). Home, wearables and accessories: 9,013 million (-0.3%). In this last division are Apple Watch, AirPods, HomePod, Apple TV… Services already represent 28% of total revenues but their very high margin compared to hardware means that they generate close to 50% of operating profit. Services, after all, do not require complex supply chains or rely on product cycles. In detail. The tariffs have cost $1.1 billion in the quarter and are expected to reach $1.4 billion in the next. Kevan Parekh, the chief financial officer who has replaced Luca Maestri, has projected revenue growth of 10% to 12% for the December quarter — the first of Apple’s fiscal year — with iPhone sales growing by double digits. Analysts expected only 6%. Cook has highlighted the “very strong demand” for the iPhone 17, launched in September alongside the iPhone Air. They have also mentioned supply constraints, suggesting that they could have sold more if they had been able to make more. The backdrop. Apple depends on China in two directions: As a consumer market. And as a production center. This double dependence is a geopolitical vulnerability that has become more evident with the trade war. The company has tried to diversify its manufacturing towards India and Vietnambut China remains irreplaceable in the short term. Meanwhile, in China, Apple is no longer perceived as the only aspirational brand. Local manufacturers have improved a lot in design, cameras and software, which leads to an improvement in perceived value. And they’ve done it while Apple navigated years of incremental iPhone updates. Featured image | apple, Li Yang In Xataka | Ode to rounded corners, the visual element that has proven Steve Jobs right once again

Telefónica will have its “day D” in November. The Teleco plays its future with Murtra behind the wheel

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Almost nine months Murtra as president of Telefónica. What lasts a pregnancy, which lasts a course. On November 4 will be born its strategic plan and Marc will have its final exam. That day will present the master lines that will define the direction of the centenary telecus for the coming years. The date is not accidental, it coincides with the results of the third quarter. Perfect occasion to combine the figures of the present with the promises of the future. And after that staging there is a company that is played much more than its next investment cycle. The scenario of the arrival to power of Murtra is, above all, a paradox: He inherited a financially sanitized telephone: Pallete reduced debt in half. But also a telephone punished by the market: the action lost 57% of its value in the previous era. The balance says the company is better. The stock market says that investors do not believe it. The market seeks growth stories, not survival. This contradiction defines the challenge of the Catalan engineer: it is not enough to be right in the accounts, we must convince those who move the silver. Speaking of silverMurtra’s great movement in his first months is the execution of The fastest exit of Latin America In the history of Telefónica. Argentina, sold. Peru, liquidated –not to say-. Colombia, more of the same. Mexico, with the “sell” poster. And at the same time, he has placed Europe at the center of his board with An aggressive discourse on consolidation. He talks about creating a “European champion” while he has in the spotlight, says the Rumore Rumoreto Vodafone Spain. With 1 & 1 in Germany in the bedroom. Is The commitment of who understands that there is no middle ground: o Telefónica grows based on acquisitions, or becomes a prey to more ambitious ones. And it has lost more than 80% of its value from its historical maximums, so it is no longer so inaccessible by price. On November 4 he will say if this strategy has a financial muscle behind or stays in speech. Local operators They have already raised the voice Against its concentration plan, Brussels has begun to leave behind its historical misgivings on mergers although the verdict remains an unknown, and the market expects to see concrete figures on where the billions that will cost these operations will come out. Murtra faces The question that defines all the great executives: Is it a visionary or a volunteer? In two months we will know. In Xataka | 100 years after his birth, Telefónica faces the greatest existential dilemma in its history: what wants to be older Outstanding image | Telefónica

Madrid plays 23.4 billion with data centers. The risk of losing them is in the electrical infrastructure

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Madrid has managed to position itself as The great HUB Digital of Southern Europe For the data centers industry, but the electrical infrastructure of the twentieth century cannot support the growth of the 21st century. Why is it important. The Community of Madrid leads Spain in data centers with 23.4 billion euros in investments planned until 2028. But 82% saturation This leadership puts this leadership against other European regions. In figures: Madrid concentrates 54.8% of the national capacity of data centers with 216 MW in operation. The forecasts point to 522 MW when the works under construction and up to 1.7 GW in 2030. The sector has grown 33% last year and will generate 35,000 jobs in six years. The threat. Ayuso is preparing allegations against what he considers A “over -regulation” of the Ministry of Ecological Transition, but the real problem is on the network. Electric distributors denied six out of ten access requests last year. Without immediate improvements, Spain would have already lost 60,000 million in investments, according to the employer’s calculations, Spain DC, collected by Digital economy. Between the lines. The Madrid paradox is evident: The region produces just 1,334 GWh … … but consume 27,487 GWh per year. It is an energy black hole that works because Spain exports electricity and technological ones sign long -term contracts. But that does not solve the saturation of the distribution network. What is happening. The Government He has put a Royal Decree until September 15 which will force data centers to report their environmental footprint, energy consumption and water use. Madrid considers that it can subtract competitiveness, but it is a minor problem compared to the lack of electrical capacity. Deepen. Spain DC claims an urgent modernization plan, and The electric ones ask the CNMC to raise the remuneration rate of 6.46% to 7.5% To invest in a network. The cost will be paid by consumers at the light bill, but without that investment Madrid will lose the train centers train against Frankfurt, Amsterdam or Paris. In Xataka | Emptied Spain has been filled with solar mills and panels, but waste energy for a simple reason: there are no cables Outstanding image | Community of Madrid

Spacex plays background with the new version of the rocket

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The Starship 36 has flown through the air, in the worst sense. Spacex was preparing a second static ignition trial when a brutal explosion made all the windows in the metropolitan area of ​​Brownsville, Texas. What we know. On Thursday at 23:00, local time in Starbase, the ship that Spacex was preparing for Starship’s tenth flight exploded during the fuel load in a Massey’s test bench, which is how the test zone is known. It has not been to regret victims, since the area was clear for the test. But when the smoke column disappeared, Ship 36, which was going to fly at the end of the month, was no longer. It was seen and not seen. The NSF cameras They captured a sudden flash, followed by a large detonation and another giant just below. Since the ship exploded in the 10 minutes before the ignition test, Spacex had already loaded liquid oxygen and was starting to load liquid methane. The fuel deposits were approximately 10%, which hopefully reduced the scope of the damage. What we don’t know. Although the destruction of the ship is taken for granted, damage to the land infrastructure of Massey’s will not be clear until day. The worst news would be for the facilities to have been useless, which would considerably delay the starship 37 tests, which is already assembled and in the engine integration phase. He Spacex statement It only clarifies that the company is “actively working to ensure the test site” and that “there are no risks for residents of surrounding communities.” The program touches background. This is one of the most important setbacks for the Martian rocket of Spacex, which has touched the bottom after three consecutive launches of the Starship Block 2, the new version of the ship. Of the six second generation starship built: The first exploded during flight 7 for vibrations related to an unforeseen harmonic response in the lower zone of engines bay The second exploded during flight 8 for an unforeseen mixture of propellant during the ascent phase, which caused the explosion of an engine The third exploded during flight 9 for a leak that made him lose control of attitude during the suborbital trajectory, disintegrating himself in the reentry The fourth has exploited on land during the propellant load prior to a static ignition test in the test bench There are two Starship Block 2 to validate before Spacex passes to the third generation starship. The company has not yet been able to prove the satellite deployment due to explosions or, on flight 9, a failure in the door of the load bay. It also has delay with a series of demonstrations related to the thermal shield of the ship, which prevents the complete reuse of the rocket. Image | D Wise, NSF

China has turned the technological geopolitics around with three plays. Western supremacy is being blurred

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China has been working with a very clear technological roadmap for years. Priority has not been to compete on equal terms with the West, but to reduce its exposure to other decisions. The strategy is not born with Trump’s sanctions or with Vetos to Huawei. He came from before, but that promoted it. And it continues its course. Why is it important. Who dominates the subjects imposes the rhythm, who manufactures chips has industrial autonomy and who trains AI models with billions of users can export technology. China is already at the three levels. In detail: → Raw materials China reinforces its position in the first link: access to strategic resources. It controls about 90% of rare earth processing, essential to manufacture all types of technology. The Ministry of Commerce has limited exports from Galio and Germaniowhich impacts key sectors such as solar panels, electric vehicles or radars. The European and the American industry They are not managing to find substitutes in the short term. And China, in addition to maintaining a national reserve for internal use, is regulating its exploitation with geopolitical criteria. → Semiconductors. After the western vetoes, the State assured mass resources to its national industry. Huawei, blocked by the United States, presented A 7 Nm chip manufactured by SMICwithout access to lithography EUV. It is not toe technology … but enough, at least for the moment. There are already patents to continue miniaturizing. The State Semiconductor Fund created a year ago Broken 50 billion dollars, and although total self -sufficiency is still far, the system is already working without access to the outside. → Ia. The great Chinese technology develop their own foundational models. Each has a different sector orientation, but everyone lives under the umbrella of the new national regulatory framework, which requires algorithms registration and validation. The result: more and more Chinese startups dedicated to AI (with brutal results such as Deepseek), and prioritization for direct application in public services, industry and education. What has happened. The sanctions borntoEron as a brake on Chinese development, but they have ended up being an accelerator. China reinforced its R&D centers, reorganized its patent system and gave state coverage to the most exposed technological. And the Ministry of Science and Technology prioritized concrete sectors defining specific objectives for AI, supercomputing and automation. In perspective. As we have told in numerous articles, China does not seek to replicate the western model, but to design their own aspiring to be self -sufficient and at the same time global provider. At least where the legislation allows you to sell. Huawei post-saunciones is a perfect example. Large Chinese technology do not compete for market share in the United States or Europe, but to influence Africa, Central Asia and Latin America, where their systems are already penetrating (ZTE, Huawei, Beidou…). And access to your solutions will be accompanied by your conditions. That includes software, infrastructure, etc. Between the lines. The strategy follows a sequential logic: Ensure resources. Guarantee industrial capacity. Consolidate leadership in innovation. Each phase depends on the previous one and each advance has political coverage. And now what. The next step will be to consolidate the model: AI with national identity, own standards and gradual international expansion. All with government support. In Xataka | Freeman Zhou in Unspash Outstanding image | China has proposed to be independent in all technologies. And for augmented reality it has “five dragons”

Each generation plays their cards in work interviews

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The Work interviews They represent a thermometer to discover what attitudes present the candidates of the different generations before a work environment as competitive and changing as the current one. Each generation conceives use in a very different way and that is being done especially evident with the arrival of the Z generation to the labor market. The report of the Hays consultant ‘Keys to succeed in a job interview according to the generation‘, puts the focus on how each generation present in the current labor market faces the challenge of a job interview. Each of them Show notable differences that go beyond age and affect communication, preparation and ability to adapt to change. A quality encompassed between Soft skills highly valued by companies. Generational weights The coexistence of four generations in the Spanish labor market is a reality that forces both candidates and employers to rethink their strategies. A candidate of the Baby Boom generation who barely has a few years of professional activity but that treasures an enormous experience, Does not face work interviews in the same way that someone from the Z generation who has barely started their career. According to Study data ‘The generational mix in Spanish companies’Prepared by PLUXEE, the 2021 Active Population Survey (EPA) drew a generational composition of 19% of the active population in Spain belonging to the Baby Boom generation. Generation X adopts a predominant role with 45%, followed by 31% of millennial employees and 5% of professionals from generation Z. The forecast of this study by 2025 is that Boomers and generation Z are equated at 8% presence in the labor market, but with very different strategies. Active population according to its generation. Source: Pluxee More experience vs. Better preparation The experience and commitment It is one of the greatest treasures of generations that, at best, has already exceeded the equator of its careers, and play that letter to maintain their value in the labor market. As stood out from Hays, boomers tend to show a flexible attitude and a constant update in digital skills in their work interviews, while generation X strives to remain in force and adapt to new work dynamics. For their part, millennials and gene generation compete In a saturated labor market, where the abundance of very well qualified profiles generates constant pressure and significant anxiety levels. This competitiveness forces the youngest to differentiate not only by Your technical knowledgebut also for its ability to adapt and alignment with the values ​​of the company. “Baby Boomers usually extend too much on their answers or focus exclusively on their last experience. Generation X can be excessively conservative. Some millennials tend to trust more on their technical skills than in the impact generated. And generation Z, sometimes, sin of informality or insecurity,” said Silvia Pina, director of Perm & Temp Recruitment Services in Hays Spain. As Hays’s report stands out, the most senior profiles are evaluated for their leadership capacity and strategic vision, while the youngest are measured by their growth potential. According to Andy Jassy, ​​CEO of Amazon, beyond the knowledge or preparation of young people, the most important thing is that demonstrate a positive attitude when acquiring new skills. Differences in what is expected of companies The Differences between generations Not only are they offering, but they also change in what they expect from the companies that hire them. Baby Boomers value FORMAL SELECTION PROCESSES and structured where a clear order is perceived that does not waste their time. For its part, generation X seeks clarity in the selection processes and development opportunities of your career. It is an approach close to that of the Baby Boomers in terms of valueing their experience, adaptability and teamwork skills, but does not forget that this generation still has decades ahead of the work career. Millennials and gene generation, on the other hand, are perceived as generations of the future of work. According to Hays, they prefer nearby interviews with continuous feedback and a strong alignment with the company’s values. This is collected by the ‘Labor Market Guide 2025 ‘which reveals that 64% of young professionals prioritize working in companies that have a defined purpose, and that offer learning opportunities to grow in their professional career above promotions. In Xataka | “I am very perfectionist”: the answer that recruiters no longer want to hear in work interviews Image | Unspash (VITALY GARIEV)

I have climbed to the Xiaomi Su7 Ultra. It is the definitive proof that China already plays in another league

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The Shanghai 2025 Motor Show is an anthill of Western executives with a face of concern. I have traveled his eight pavilions to confirm what he already sensed: China has ceased to be the applied copion to become the outstanding student. And few models exemplify it better than the Su7 ultra from Xiaomithat made me spend more time with him than I planned: The necessary to make the long tail of curious that we wanted to get on to him … … and he who went in front of his steering wheel. It is not just an attractive and devilishly fast car (it exceeds 350 km/h), it is The materialization of a phenomenon that questions our understanding of the world order. When a company that a few years ago was limited to selling cheap mobiles and presumed without taping to be plagical to Apple created a car that surpasses the Porsche Taycan Turbo GT? The Ultra Su7 in all its splendor and in one of its colors sign of identity. Image: Xataka. Xiaomi’s badge about Morro is not the same in this model as in others: it is 24 carat gold. And it is not only Asian ostentation, which also, but the signature of a manufacturer who knows that he has created something special. Of course, despite the fact that its weight is so scarce that it does not exceed 30 dollars of value, There are already cases of robberies. The gold and carbon fiber badge over the nose. Image: Xataka. When touching it, before the frown of one of the brand attendees who guard the car, I notice the transition between metal and carbon fiber that rests under the badge. Nothing creates, nothing gives. As in the best European GT, but with details that have another design philosophy. The cabin destroys the prejudices of anyone. Even, Ahem, an Apple enthusiast who looked at the Redmi With compassion. The surround seats with red details (optionally, in yellow or black) embrace my body. The steering wheel, which claudica before the fashion of blazing it at its base, includes haptic controls. Image: Xataka. Image: Xataka. Image: Xataka. Image: Xataka. Image: Xataka. Integration with Hyperosthat I cannot try why I use iOS, it goes beyond what is expected: the assistant has changed his gaze torva for affable eyes to explain that the car understands who you are and advances to your needs before you express them. At some point we can really try it, and not just get fleeting to him, and we will test it. And speaking of mobiles: admits double wireless load of up to 50W. A subtle reminder that we are facing A manufacturer that dominates several industries at the same time. Image: Xataka. Image: Xataka. Image: Xataka. Image: Xataka. Image: Xataka. Image: Xataka. The contrast to the Su7 base It is evident. And a reminder: the Ultra is not only a “beyond”, but a rethinking of what a sports electricity should be, with emphasis on the latter. When we put it on motion, we will not only try Hyperos promises, but also their autonomous driving capabilities (such as its obstacle detection or its anti -collision system, which ignores the accelerator pressure to avoid impacts), its Pirelli P zero, its Brembo Carboceramic brakes or its carbon fiber wing. And perhaps even the ground reinforced with that “bullet resistant” material that they have promoted so much. A laboratory of ideas transformed into car. The assistant patient twisted the gesture when I told him that I would love to try it too. Just KiddingI told him before saying goodbye to him and thank him for his explanations and temper Zen. I left seeing how the next one in the tail (western features, by the way) climbed to SU7 ultra without hiding his enthusiasm. This car not only confirms that China already plays in another league, It also forces us to ask ourselves if in ten years we will continue playing the same sport. Time will say. Do like us on this trip and Stay connected whatever your destination. Always navigate at high speed and With unlimited data with the ESIM from Holafly and forget about unpleasant surprises on the bill. Easy to install, keeping your physical Sim card to receive calls and No positions of Roaming. And with a 5 % discount! Council offered by the brand Outstanding image | Xataka In Xataka | Xiaomi has managed to make a car massively in three years. This is how he has achieved

Vestager stopped the mergers but Ribera wants to bless them. Europe plays its last letter in telecos

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Two months have passed since Financial Times He advanced, on the eve of MWC 2025the plan of the new European Competition Commissioner, Teresa Ribera, to rewrite the rules of the game. That short period has been enough to certify that Ribera does not look like much Margrethe Vestager. Or at least he wants to evolve his legacy not only to continue it. Where the Danish saw concentration, the Spanish sees competitive muscle. Vestager raised the low price dogma to legislative totem. Ribera, in his first three months in office, added three axes: Innovation. Reinvestment. And environmental and social criteria. He has also made it clear that the price will no longer be the only Lighthouse in Brussels. The underlying message: a company that breathes can think about the future. An asphyxiated, no. Why is it important. This year’s MWC was the one chosen by European telecos to close ranks and launch a joint proclamation: consolidation or inconsequence. Europe has 34 operators for 450 million citizens. The United States has 3 operators for 335 million. The stock market value of telecos in Europe has fallen 40% since 2015 with a slight recovery in recent months. Without scale it is difficult for investments to arrive for the 5g Stand-Alonethe universal fiber or the AI ​​at the network level. European digital sovereignty is settled on mud. And Ribera lands coinciding with the Clean Industrial Deal and the Draghi report claiming “continental champions” capable of standing face and Chinese. He Timing It couldn’t be better for those who want to move. The name. Marc Murtra, about to fulfill his symbolic first hundred days in front of Telefónica, has smelled the blood: Everything is ready to go to sign smaller fish if Brussels open the window. And Ribera is in it. What is cooked. Three keys: Domestic consolidation. Each country could go from four or five large networks to two or three. The reason: Relieve Capex duplicities. Cross -border mergers. The real objective. The union Telefónica-Vodafone He has put on the table again. AND Digi Figure as tactical piece. Repricing stock market. With a regulator predisposed to bless size and investment, telecos could sell a growth story, not just survival. Narrator’s voice: Investors love growth stories and flee from survival. Between the lines. Ribera speaks of “being able to reinvest” and “lead green standards.” Translated from Bruslense: Yes to the scale, but with environmental and social counterparts. The turn fits with the new Brussels compass: Geoeconomy over dogma Low Cost. And the clock runs: Nvidia, Openai or Tesla will not wait for Europe to decide how much their cables cost. The next. If Ribera converts the words into an official guide before summer, 2025 could close with the first large paneurpeo marriage of the decade. And with the definitive confirmation that the Vestager era – define the competition only for the price of the minute – already belongs to the history books. In Xataka | 100 years after his birth, Telefónica faces the greatest existential dilemma in its history: what wants to be older Outstanding image | European Commission, Xataka

The commercial war has trembling the technology industry. Samsung plays in another league

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The recent one wave of tariffs imposed by the United States has unleashed a storm in the technological market. Apple, Google or Motorola have been indicated Directly because of its strong dependence on Trump, the main objective of Trump in this tariff war. But there is an actor who has barely appeared in the eye of the hurricane: Samsung. The silence around it is no accident, but a consequence of a competitive advantage forged for years. What has happened. Samsung left smartphones production in China in 2020. Since then, he diversified his supply chain in India, South Korea, Vietnam, Brazil and other countries. According to the consultant Counterpoint ResearchChina represents 80% of iPhone’s production, while for Samsung, it barely contributes mid -range with ODM designs premises. It is a very large contrast that has consequences. Why is it important. The commercial war is redrawing the hardware map. Whoever has the factory in the wrong country can see the price of their products triggered. In detail. Vietnam, a key country for Samsung (more than 60% of its mobiles are manufactured there), has received a 46% tariff waiting to see what happens after the extension. Even so, the Korean brand has maneuver margin. Its two factories in India – an unused capacity – can absorb part of the blow. On the other hand, South Korea could assume the production of high -end models if the situation requires it. Apple, on the other hand, does not have that agility: its diversification is still incipient. Between bambalins. Samsung He has been investing in Vietnam for more than a decade: 100,000 employees, 25% of the country’s total exporter and 220 million dollars only in R&D in 2024. This strategic alliance has become a double -edged sword. Now that Vietnam is in the tariff target, both parties negotiate against the United States to stop possible damage. But Samsung already had his plan B activated: transfer part of the production to India and Korea. In Xataka | Spain looked at Chinese cars as a salvation table. In the commercial war, the risk of dying drowning runs Outstanding image | Xataka

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