With this estimate of Apple Watch sales, the tech giant shows every sign of maintaining momentum: Investors are wrong to punish Apple July 22, 2015 Despite posting strong third-quarter revenue growth (up 33 per cent to $49.6bn) and a slight gain in margin, Apple’s shares slipped seven per cent in after hours trading, wiping billions off its valuation and leading other tech stocks down. Investors were concerned, it seems, by lower than expected iPad and iPhone shipments and the possibility of [...]
Apple’s value loses billions and tech share prices tumble July 22, 2015 European tech stocks have tumbled this morning after a string of muted results from the likes of Microsoft, IBM and Apple, which lost billions from its value in after-hours trading following a more reserved set of numbers from its third quarter earnings. The FTSE Eurofirst 300 tech index was trading down this morning while Arm's [...]
Apple’s chip maker Arm’s share price has dropped, despite upping its dividend by 25 per cent July 22, 2015 Apple's chip maker Arm Holdings's share price dipped this morning, despite upping its interim dividend 25 per cent after being buoyed by yet another strong quarter. The figures: Group revenues for the second quarter were up 15 per cent year-on-year in dollar terms, or 22 per cent in sterling. Most of that came from [...]
Apple Watch sales “beat internal forecasts”, selling more than iPad or iPhone in its first quarter July 21, 2015 As Apple released the first set of results from the tech giant to include Apple Watch sales, the one question everyone wanted answered was: How has the Apple Watch fared? A flop or a success for the company? Curious investors were left to wonder, however, as Apple did not break out unit sales for its [...]
Apple earnings: Profits soar as China continues to boost iPhone 6 sales – but share price slides seven per cent July 21, 2015 Despite beating analysts' sales and revenue expectations again, Apple share fell by seven per cent after the company reported selling fewer iPhones than forecast and lowered fourth quarter profit guidance. The figures Smashing through what is traditionally its slowest sales period, Apple has reported a quarterly record-high revenue of $49.6bn, beating analysts' forecasts for the [...]
Apple says Itunes and App Store suffering “glitches” – unavailable for some users July 21, 2015 Apple users are reporting technical glitches, with a whole host of their media functions struggling today, including the App Store and Itunes. The services are currently completely unavailable for some of its users. Apple has posted a statement: We are investigating and will update the status as more information becomes available. At least twelve Apple [...]
Is Apple planning an iCar? Tim Cook hires Chrysler executive Doug Betts as it eyes Tesla, Google and Uber over electric cars July 21, 2015 Not content with taking over our ears (Apple Music) and wrists (Apple Watch) this year, Apple may now have its sights set on taking over our roads. Tim Cook has hired the an executive from Chrysler, fueling speculation that there may be an iCar coming down the road. Doug Betts, a former senior vice president [...]
Apple earnings: Here’s what to expect after the Apple Watch launch and record iPhone 6 sales in third quarter results July 20, 2015 The world’s most valuable company looks set for another strong quarter, as blockbuster iPhone 6 sales, particularly in China, continue to boost its growth. Apple smashed analysts’ expectations last quarter, with its best second quarter results ever. Sales reaching $58bn and a net profit of $13.6bn caused the tech giant’s share price to soar 38 [...]
Apple Pay fail: If your iPhone or Apple Watch battery dies on the Tube, TfL says you’ll have to stump up the maximum fare July 16, 2015 The cracks in Apple's new contactless system (or perhaps, more specifically, the lifetime of its devices' batteries) are starting to show. As part of a detailed set of advice for commuters using their iPhones and Apple Watches to effortlessly waft through ticket barriers on the Tube, TfL has warned of the very real possibility [...]
Apple Pay in the UK: Like not laughing at a Michael Mcintyre gag, resistance is futile July 16, 2015 When Apple’s chief executive Tim Cook revealed its physical wallet-replacement service last September, I recall a tut and an eye roll at yet another Apple product announcement. A form of contactless payment, re-marketed as a physical wallet-replacement service, would be with us this summer. Where's the innovation in that? In many ways Apple [...]