Apple shares continue to slide as tech giant cancels iPhone XR production boost November 5, 2018 Apple has reportedly told two of its smartphone manufacturers to stand down on plans for additional production lines for the iPhone XR, just days after the firm said it would not meet analyst expectations for sales over the festive period. Sources on Apple's supply chain told Japanese newspaper the Nikkei that while one Apple supplier had [...]
Apple shares drop as tech titan loses $1 trillion valuation November 2, 2018 Apple shares dived over five per cent as US markets opened today, causing the Californian company to fall below its $1 trillion valuation as investors reacted to its prediction of a Christmas slump. The tech giant yesterday warned shareholders that festive sales could fall below expectations, even as it recorded double-digit growth for the fifth consecutive [...]
Apple slides as Christmas sales forecast falters November 1, 2018 Californian tech giant Apple said its sales over the festive period could slip below consensus expectations, despite achieving its fifth consecutive quarter of double-digit revenue growth and its best September quarter to date. The company’s outlook on revenue for the rest of the year, which gives an indication on how well its latest products are [...]
Apple chipmaker Dialog Semiconductor predicts double-digit growth after $600m deal November 1, 2018 British chipmaker Dialog Semiconductor said it is expecting revenue growth for the rest of the year to be in the mid-teens, after it closed a deal with Apple to the tune of $600m (£462.3m) last month. Apple will gain some patents and a team of engineers from the chip designer as part of the transaction, and [...]
Stage dive: Spotify opens down after disappointing subscriber outlook November 1, 2018 Spotify may post its first ever profit this year as the company wiped out a major part of its loss in its third quarter of trading. But promising results did not translate into success on the stock market as the streaming service dropped on the back of its subscriber predictions. The figures Paying users flocked [...]
BT shares drive upwards as it improves guidance after boosting profits November 1, 2018 BT shares pushed upwards this morning as it reported a rise in profits. The figures BT posted a two per cent rise in earnings to £3.7bn in the first half of the year and a 24 per cent year-on year increase to profits before tax to £1.3bn, boosting shares by over nine per cent this [...]
FAANGs come out to play in Halloween shares surge October 31, 2018 Technology's biggest players, lumped together as the so-called FAANG stocks, have ended their October losing streak which had left investors spooked with just one day to go. Netflix's share price saw the biggest gains out of the FAANGs grouping, rising almost seven per cent this afternoon off the back of better-than-expected results for Facebook last night. The social [...]
UK wireless charging tech firm Aircharge makes its debut on London bus routes October 30, 2018 The UK tech firm behind the wireless charging pads found in Starbucks, McDonalds and Costa is going mobile, with its latest expansion to debut on London bus routes. Partnering up with British bus manufacturer Optare, Aircharge charging points will be initially be available on Green Line routes operating between London and various airports, including Luton and [...]
Apple October event: Updates to the Macbook Air, Mac Mini and iPad ranges October 30, 2018 Today, Apple is launching some updates to some of its most popular hardware lines. Here's our roundup of what made its way across the stage in New York. Macbook Air The updated Macbook Air is now available with a 13.3in retina display, which Apple said is more than four times the resolution of its predecessor. It [...]
How much of Route 66 can you see in one weekend? We head to Chicago to find out… October 29, 2018 Route 66, America’s most legendary highway, is a month-long mission for many who attempt to drive the whole thing. It starts in downtown Chicago and ends 2,448 miles later in front of the Santa Monica Pier in Los Angeles. But what if you only have a weekend to Get Your Kicks on Route 66? With [...]