Apple pushes into the TV market and launches a new MacBook October 27, 2016 Apple is pushing into the television market, offering a new TV app that works on both iPhones and iPads. Apple's chief executive Tim Cook said Apple TV would become the place where customers access all of their television. The new app will launch before the end of 2016. Users will be able to tell Siri [...]
The question about ‘grand strategy’ that made Tim Cook unhappy was based on theory that makes uncomfortable reading for Apple October 27, 2016 Last night, Apple CEO Tim Cook gave a terse, unhappy answer to this question from UBS analyst Steven Milunovich: "Does Apple today have a grand strategy for what you want to do?" Milunovich asked the question two different ways, and Cook gave two non-answers, one of which was "as usual, we're not going to talk [...]
Here’s how to make the most of investing in Apple, Amazon and major overseas players October 27, 2016 In a globalised world, equity investors need to think big if they want to buy the world’s best companies. “There is no UK equivalent to the likes of Amazon or Facebook. The UK’s own social networking pioneer, Friends Reunited, finally closed its web doors in February this year,” says Michelle McGrade, chief investment officer at [...]
Oleg Tinkov reveals an interest in the UK, what he thinks about Apple and has some advice for fintech start-ups October 26, 2016 The billionaire businessman behind one Russia’s largest banks has revealed his interest in setting up in the UK. Although listed on the London Stock Exchange, Tinkoff Bank is Russian-focussed and the second largest credit card issuer in the country. It was set up in 2006 by its flamboyant chairman, Oleg Tinkov, and is Russia’s sole [...]
Apple display supplier LG Display says it expects a strong final quarter, boosted by shipments to key customer October 26, 2016 LG Display, the South Korean firm that supplies components to Apple, said that it expects strong final quarter earnings due to the growth in shipments to a key customer. The firm said that the revenue boost would be generated from sales of medium to small-sized panels. Read more: Apple posts first annual revenue drop for over a decade [...]
Apple posts first annual revenue drop for over a decade October 25, 2016 Apple has announced its first year-on-year decline in revenues for over a decade as iPhone sales suffer. Revenue fell nine per cent to $46.85bn (£38.44bn), the third quarterly decline in a row. Analysts were expecting revenue to come in at $46.94bn in the quarter, according to Thomson Reuters. Read more: Shares in this Apple supplier [...]
Before the bell: What you need to know before the US market open October 25, 2016 Apple sales are expected to fall sharply and Twitter is planning another round of job cuts. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing higher ahead of the open, though only slightly. The S&P is up by 0.09 per cent, the Nasdaq is 0.14 per [...]
The devil you know, the devil you don’t: How to protect your investments whoever wins the US election October 25, 2016 As polling day draws near, it is regrettable that the contest to become the 45th President of the United States has been more about personality than policy. The campaign has been distinguished on one side by preposterous promises to suspend the entry of Muslims into the country and build a hard border with Mexico, and [...]
What to expect from Apple’s fourth quarter earnings October 24, 2016 Apple will announce its earnings for the fourth quarter tomorrow, ahead of a new MacBook launch later in the week. Connor Campbell, financial analyst at SpreadEx, said the earnings report "is likely to reflect the first annual iPhone sales decline in the company's history". Read more: Shares in this Apple supplier just fell off a [...]
Adobe plans growth despite UK tech slump October 23, 2016 US software giant Adobe is to expand its London office, despite reporting a drop in UK tech sales. Adobe is set to double the size of its current London headquarters, building a new sales office to cover Europe, the Middle East, and Africa (EMEA). The maker of Photoshop recently reported demand for electronics had plummeted [...]