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The FT’s fourth annual ranking of the region’s businesses by revenue growth. Plus: companies with the ‘last-mover advantage’; cannabis corporations on the rise; is Moderna a one trick pony?
Initial hopes of 1mn shipments in 2024 launch year dashed by manufacturing problems
...Apple is set to sign its first big order with Luxshare Precision, a competitor to both Foxconn and Taiwan’s Pegatron, according to three people familiar with the situation....
...Flutter — previously Paddy Power Betfair — was an early mover. It now operates mobile sports betting in 22 states and online gaming in five....
...Barcelona was an early mover against sites such as Airbnb. Scotland has introduced a licensing system....
...In AI hardware, old technology adaptation will trump early-mover hype....
...Cook spent Wednesday meeting Apple’s Chinese suppliers, including the head of electric-car maker BYD and executives from Lens Technology and Changying Precision Technology....
...The chatbot, as China’s first answer to OpenAI’s ChatGPT, gives Baidu a first-mover advantage ahead of much bigger tech rivals such as Tencent....
Contract manufacturer taking over iPhone assembly factory from Taiwanese rival Pegatron
...It holds back, often ceding first-mover advantage to rivals, until it believes it has a sure-fire hit on its hands....
...BlackRock has built on a first-mover advantage in Europe-domiciled ETFs by developing a web of relationships with institutions there, said Debbie Fuhr, founder of ETFGI, a consultancy....
...They must also meet the highest standards of safety, quality, and precision. Two, minimising the environmental impact of our operations. Three, creating new ways to keep Lego bricks in play....
...“We don’t have a crystal ball so it’s difficult to predict with precision,” Musk said on a call with investors and analysts....
...But those who come to terms with it can gain first-mover advantage. Take Cisco. The router and networking equipment maker is trying to refashion itself as a software and recurring revenue player....
...But Square no longer has first-mover advantage. Payment processing has become a commodity....
...But “first-mover advantage”, combined with the fine-tuned technology used by DraftKings and FanDuel, mean “it’s going to be pretty difficult for any other companies to break 10 per cent market share”, predicted...
...Shenzhen-based Luxshare Precision Industry has won favour and increasing business with the iPhone maker in part by being prepared to test “crazy” ideas in its factories, according to an Apple supply chain...
...But when paired with the vast amounts of customer data that is already enabling targeted advertising, executives say what has so far been a blunt tool can become a precision industry....
...The company’s operating businesses, which span the BNSF railroad, Geico insurer and aircraft parts maker Precision Castparts, reported a 41 per cent rise in profits to $10.8bn....
...There was a bright spot at a unit that has plagued Berkshire: aerospace parts manufacturer Precision Castparts....
...A version of this article was first published by Nikkei Asia on January 3. ©2023 Nikkei Inc. All rights reserved....
...One AirPod at a time, Chinese supplier Luxshare Precision is taking on the world. The company’s plan to become Apple’s main supplier has almost been achieved....
...“MSCI has benefited from a first-mover advantage in ESG, but that sales engine is slowing,” the bank said. In Europe, where ESG investing continues to grow, MSCI faces a different headwind....
...The assembly process poses one of the biggest obstacles since layers of cathode–anode cells need to be stacked quickly and with high precision, without damaging the materials....
...His company is working on healthcare deals in Indonesia, as well as precision engineering in Malaysia....
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