Apple overtakes Android in US smartphone sector for first time in three years February 4, 2015 Apple is on a roll. After posting record profits that put it in the history books and following that up with an all-time high share price, you might be thinking so what. But much of Apple's success in the three months to December 27 came from China, where revenues grew 70 per cent, [...]
Four things we know about China’s luxury consumers: Apple is most desirable but British brands rate among wealthy shoppers February 2, 2015 Chinese spending on luxury goods may be faltering as the economy slows down and the government clamps down on gift-giving of luxury items, but consumer spending is still expected to help carry the country’s economy ahead of the US as the world’s largest over the next decade. The rise of the luxury brand in Asian [...]
Apple plans to issue $5bn worth of bonds February 2, 2015 Apple is issuing new bonds thought to be worth $5bn (£3.3bn) to fund a host of “general corporate purchases,” including share repurchases, dividends, capital expenditures and acquisitions, and repayment of debt. Despite a record quarterly earnings of $18bn, the tech giant is making the most of the record-low costs of corporate borrowing. Seven, 10 and [...]
Apple’s share price just hit a record high of $120 following huge post-iPhone 6 quarterly earnings January 30, 2015 Not content with smashing records when it comes to profit and iPhone sales, Apple's share price just hit $120 per share, its highest price ever. Shares jumped almost a percentage point on yesterday's $118.90 close, taking it above a previous all-time high of $119.75 which it touched back in November. After revealing a stellar set [...]
Apple share price rises after stellar first quarter earnings January 28, 2015 Apple stock has opened as much as eight per cent higher, reflecting a stellar set of earnings released after yesterday's market close. Investors appear more than happy with the $18bn of profit and 75m iPhones it sold in the three months to the end of December – the biggest quarterly profit of any company in history. [...]
Apple’s record earnings: Five things showing just how massive those numbers are January 28, 2015 Apple’s quarterly earnings after the iPhone 6 launch completely smashed expectations. Its profits of $18bn (£11.8bn) are so big, they are officially the biggest quarterly profit of any company in history. Ever. That’s just how huge it is. To put that in perspective… 1. Apple sold 34,000 iPhones every hour, more than 500 every minute, [...]
Apple sets new record as sales smash forecasts January 27, 2015 APPLE sales smashed even the most optimistic expectations after the tech giant sold a record number of iPhone 6 and 6 Plus smartphones over the Christmas quarter and won thousands of new fans in China. The company sold 74.5m iPhones in the first quarter to 27 December, thanks to more people switching from Android than [...]
Apple smashes records with jump in revenue and soaring iPhone sales January 27, 2015 Apple's results are in, and Tim Cook will have good reason to smile tonight. For the quarter ended 27 December iPhone sales shot up 46 per cent to 74.5m units, far outpacing analysts' forecasts of 65m. The tech giant enjoyed a record first-quarter profit of $18bn at $3.06 per share. Analysts were expecting Apple to [...]
What to expect ahead of Apple’s first quarter earnings since the iPhone 6 launched January 27, 2015 The figures Apple’s first quarter results are always big as they almost always follow an iPhone launch. This year’s no different: we'll find out just how well the iPhone 6 has done. Earnings per share are expected to come in at $2.60, up from expectations of $2.55 a month ago and $2.52 three months ago. [...]
How much are Tim Cook and Apple’s top executives paid? Salary and bonuses rise after 2014 share price highs January 23, 2015 Tim Cook got a pay rise for the first time in three years, while the bonuses of Apple’s senior executives soared as shares in the tech company hit an all-time high last year Cook boasted a $2m (£1.3m) salary last year, a $6.7m bonus and £774m in other compensation, bringing his total remuneration to $9.2m, [...]