Arm Holdings’ full-year profit grows on the back of Apple iPhone sales February 11, 2015 Software design company Arm Holdings’ full year profit jumped 13 per cent to £411.3m, after the iPhone 6, holding the company’s core chip technology, enjoyed record sales. The Cambridge-based company, most known for selling microchips to smartphone giants Samsung and Apple, saw its revenue rise 11 per cent to £795.2m. Apple, one of Arm’s biggest [...]
Five things you could buy for the same price as the Premier League TV rights: 325 Balotellis, 2.2m travelcards, 65m Apple shares and more February 11, 2015 Buying up the rights to broadcast Premier League matches to avid football fans across the UK doesn't come cheap. At a total of £5.2bn, a record price paid by Sky and BT, that’s some serious spending power. Here’s what else that sort of cash could be splashed on. 1. 2.2m travelcards How about buying [...]
Apple smashes $700bn valuation: Three charts that perfectly sum up just how massive Apple is February 11, 2015 As markets closed in New York last night, Apple officially became the first company in US history to record a valuation of more than $700bn at close of trading. If there had been any doubt as to whether Apple was the biggest company in the world (and there had been – last year, Apple was [...]
Apple becomes most valuable publicly traded company ever February 10, 2015 Apple has become the first ever publicly traded company to exceed a total value of $700bn (£459bn). Shares in the technology giant went up by two per cent to $122.02 (£79.99) at close on Tuesday, giving the company a valuation of $711bn (£466bn). This was $13.4bn (£8.8bn) higher than on Monday, and makes Apple [...]
Is Apple just milking the cow? I have an awful feeling it might be… February 6, 2015 $18 billion of profit in one quarter. More than three times the quarterly profit of Microsoft and Google and according to the World Bank, on a par with the annual GDP of Yemen. What is it that keeps Apple at the top? Why do we all rush down to the Apple store to bag the [...]
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. [...]