Apple denies reports that Siri is recording private conversations | City A.M. August 8, 2018 Apple has hit back at claims that its voice assistant Siri is recording conversations without user permission. In a reply to US lawmakers issued late last night, Apple said that its iPhones require users to give microphone access to Siri and third-party apps, with it being clearly stated if an app is listening at any [...]
Failure is at the core of Apple’s success August 3, 2018 IT’S OFTEN SAID that, while success is celebrated in the US, in the UK it’s only done out of a churlish sense of wanting that person to subsequently fail. As a regular commuter to the States – I spent last week meeting with clients in New York, and I’m writing this in Soho House [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
Nasdaq website shows Apple hitting a $1,000,000,000,000 valuation | City A.M. August 2, 2018 The Nasdaq’s website showed Apple finally hitting a $1 trillion valuation on Thursday afternoon – but some analysts warned it still has a little way to go to reach the landmark. Apple’s share price is trading at $205.52 at the time of writing, taking it over the trillion-dollar mark by more than $10bn, according to [...]
The tech sector needs to boost gender diversity and get more women into the industry August 2, 2018 Gender diversity in the technology sector remains a hotly debated topic, amid scandals, global campaigns, and social media movements. Simply put, there is still not enough diversity. Take a look at the US. Examine the employee data for Facebook, Amazon, Apple, and Alphabet’s Google (four members of the illustrious FAANG stocks), and you will find [...]
Can Apple win the trillion-dollar race today? | City A.M. August 1, 2018 After a bumper set of results last night, Apple is riding on a high that could take it all the way to a trillion-dollar market valuation. Apple’s share price has leaped up to 4.11 per cent in pre-market trading, at a value of $198.11 (£151) per share. If it’s to break the trillion-dollar mark, Apple [...]
Apple smashes expectations in third quarter results | City A.M. July 31, 2018 Apple beat Wall Street expectations for its third quarter (Q3) results tonight, delivering revenue of more than $53bn (£40.4bn). Its revenue for the quarter was $53.3bn and its profit was $2.34 per share, outstripping predictions of $52.3bn and $2.18 per share. A higher average selling price for its iPhone helped to drive the impressive numbers. [...]
FAANGs out: Tech stocks open on a positive note after a bumpy earnings season | City A.M. July 31, 2018 Wall Street’s top tech stocks group have taken big hits this earning season, causing a stark difference in share prices across the board. However things seemed to pick up as markets opened in the US this afternoon, as falling prices pulled back on a bad week. The so-called FAANGs group – consisting of Facebook, Apple, [...]
AirPods, iPhones and Apple Music: Here’s what to expect from Apple’s results out tonight | City A.M. July 31, 2018 Apple’s so-called boring quarter could prove to be not so dull, with the whole world watching to see signs of new tech products and a potential share price boost that could make it the first US trillion-dollar company. The springtime months are often Apple’s lowest in terms of iPhone sales as everyone holds off in [...]
DEBATE: Is attempting to trademark a product’s shape, as Kit Kat tried to do, a good business strategy? July 27, 2018 Is attempting to trademark a product’s shape, as Kit Kat tried to do, a good business strategy? Elizabeth Finn, managing director of Cowan London, says YES. We live in an age where copycat products and brands are increasingly easy and cheap to produce. It is therefore vital that brands trademark as many aspects of their [...]