Demand for new iPhone sees Apple post record quarterly revenue April 28, 2021 Apple has posted record quarterly revenue on surging demand for new iPhone and pandemic-induced buying for its other profits. Revenues more than doubled from $23.6bn to $89.6bn this quarter. Apple earned $1.40 per share, beating expectations of 99 cents. It follows a record performance in the first quarter when the company broke the $100bn quarterly [...]
Facebook beats expectations as ad spend surges April 28, 2021 Facebook beat Wall Street expectations for quarterly revenue on increased digital ad spend as the world emerges from lockdown restrictions. Total revenue, which primarily consists of ad sales, jumped to $26.17bn in the three months to 31 March, beating estimates of $23.67bn. Earnings came in at $3.30 per share versus the expected $2.37 forecast. Facebook [...]
FTSE 100 rises while US stocks mixed as investors await Fed meeting April 28, 2021 The FTSE 100 closed higher after a busy day of results while US stocks are mixed as investors awaited the outcome of the US Federal Reserve’s policy meeting. London’s blue-chip index closed 0.27 per cent higher boosted by a series of positive earnings updates from WPP and Lloyds. Investors’ focus now turns to the US [...]
Spotify hits subscriber targets as pandemic party continues April 28, 2021 Spotify today reported subscriber growth at the top end of its targets for the first quarter as strong momentum from a pandemic-induced boom in trading continued into 2021. The music streaming giant posted 21 per cent year on year growth in premium subscribers to 158m after it added 4m in the first three months of [...]
Spotify earnings: Is the music streaming giant facing a subscriber lag? April 28, 2021 Spotify will be in the spotlight this afternoon as it reports its first-quarter figures, with all eyes on the streaming giant’s subscriber numbers. The Swedish music platform enjoyed a bumper year in 2020, with paid subscribers hitting 155m thanks to higher demand for music and podcasts during the pandemic. But Spotify warned that pace of [...]
Google owner Alphabet beats revenue expectations as ad spend recovers April 27, 2021 Google’s parent company Alphabet beat Wall Street estimates for the first quarter amidst a recovery in digital ad spend. Revenue rose to $55.31bn in the first quarter from $41.16bn a year earlier, beating analyst estimates of $51.7bn according to Refinitiv data. Alphabet shares rose about five per cent to $2,405 in after-hours trading. Digital advertising [...]
Softbank leads $525m round in British drug developer Exscientia April 27, 2021 British pharmaceutical company Exscientia has received funding from Softbank Vision Fund just a month after closing its last investment round. Exscientia uses artificial intelligence to discover new drug molecules and has now designed two drugs that are in Phase 1 of clinical trials. The Oxford-based company today announced it had completed a $225m Series D [...]
Spotify launches podcast subscriptions as Apple rivalry heats up April 27, 2021 Spotify today revealed plans to launch a paid subscription platform for podcasters as the streaming service’s rivalry with Apple continues to heat up. The feature, which will initially launch in the US, means podcast creators can mark certain episodes as subscriber-only and publish them on Spotify, as well as on other podcast services. It comes [...]
Oppo Find X3 Pro review: An excellent new top-tier handset April 27, 2021 The consumer electronics industry has been hit as hard as any by the pandemic, with companies struggling to even build their products – just try getting your hands on a graphics card or a next gen games console – let alone get them in front of customers. And while there have been a handful of [...]
EU to charge Apple with anti-competitive behaviour over Spotify row April 27, 2021 The EU will reportedly file antitrust charges against Apple this week over accusations its dominance of the app market has harmed competition. The case relates to a complaint lodged by Spotify in 2019, which accused the iPhone maker of unfairly restricting rivals to its own Apple Music service and complaining about the company’s 30 per [...]