Alice Han

in the Chinese context, how is it actually going to work?

So as of yet, Apple's Apple intelligence, so it's AI, you know, generative AI product that offers on all its iPhones, which are available in the West, is not available yet in China.

It's subject to approval.

Now, apparently, that approval process was delayed by the trade disputes last summer.

So we're going to have to see whether this year they will finally get the green light.

Because as of yet,

these other Chinese phones are going to be more advanced in the on-device AI market.

Then the next question is, how will Apple integrate some of the new moves in agentic AI that we're seeing?

We've just seen an announcement that Tencent's OpenClaw,

personal assistant or agentic AI has disappointed to the downside.

And so, you know, that's obviously taken a hit in terms of stock price.

But I think the next question as we see AI evolve, and we've talked about this previously, James, is how a device is going to embed

these personal assistants, these agentic AI platforms.

And I'm not sure if Apple is at the forefront of it.

I think that a lot of the other Chinese providers are, but I think the statistics are pretty dazzling.

26% year-on-year growth in the first two months of this year.

That's pretty good.

by Apple standard.

Yeah, super interesting.

And just to continue what you said about how China still is really important for Apple's manufacturing, it manufactures still about 80% of Apple's manufacturing capacity globally, and that's 55% of the MacBook products, 80% of the iPads, and over 80% of the iPhones.