What you need to know about Apple (other than that revenue drop) April 27, 2016 Oooof. We knew it would be bad, but not quite this bad. Apple's revenue miss was worse than expected, coming in at around £2bn less than the average analyst estimates while the predicted iPhone sales slowdown indeed came to pass. But beyond those big numbers (first revenue drop since 2003, first iPhone dip since its 2007 [...]
Imagination Technologies share price hit by Apple slowdown, but suppliers ARM and Laird less exposed April 27, 2016 British chip maker Imagination Technologies is feeling the crunch of the Apple slowdown. Shares tumbled more than five per cent as markets opened, after Apple reported a slowdown in revenue and iPhone sales that was worse than analysts had expected. Imagination's exposure to Apple is around 50 per cent, according to analysts at Liberum. Fellow UK [...]
Apple’s share price falls more than seven per cent in after hours trading after disappointing results April 26, 2016 Apple posted a sharp fall in revenue, pushing its share price down by more than seven per cent in after hours trading. Revenue was reported at $50.6bn (£34.7bn), below the expected $52bn, and 13 per cent down on the $58bn reported in the same quarter a year ago. Earnings per share for the second quarter were [...]
Who fancies a cow’s milk vodka and asparagus cocktail? Mark Hix serves up a storm in his new column April 26, 2016 Asparagus is one of our most fantastic seasonal vegetables, which traditionally would have a short season from about May to June. But things have changed and these days there’s high demand for cheaper imported stuff from Peru and Spain, which has put a bit of strain on our British growers. Believe it or not, I [...]
Nokia is getting into wearables with €170m deal for Withings April 26, 2016 Nokia is making a move into wearables, announcing plans to buy up french tech company Withings. The now mobile-free Nokia (after selling that part to Microsoft), is zoning in on the world of digital health tracking technology with the €170m deal. "We have said consistently that digital health was an area of strategic interest to Nokia, [...]
Oil prices start to climb on news of Saudi Arabia’s share offering in Aramco April 26, 2016 Oil prices started Tuesday morning on the front foot, climbing closer to the $45 a barrel mark, following Saudi Arabia's announcement that it will sell shares in state owned oil giant, Aramco. Brent Crude climbed by 0.67 per cent to $44.78 before the European stock markets opened. Yesterday, the commodity started the week on the slide as investors [...]
Apple is about to report its first slowdown in more than a decade April 25, 2016 Apple's crunch time is approaching. The most valuable company in the world (for now, at least) is about to report a sales slowdown, which although expected, is not a welcome occurrence in the usually ever upward trajectory of the beloved brand. The figures Sales of around $52bn (£35.9bn), with the iPhone making up the lion's share, are predicted [...]
Saudi Aramco set to be valued at more than $2 trillion as Saudi Arabia confirms five per cent stake sale April 25, 2016 Saudi Aramco, the Kingdom of Saudi Arabia's state owned oil company, will be valued at over $2 trillion (£1.38 trillion) when less than five per cent of the company is sold through an initial public offering. The valuation would make it the most valuable company in the world, over taking Apple which has a market capitalisation of $607bn. The [...]
Sirin Labs’ crazy £10k luxury super secure Solarin smartphone is about to launch in London April 25, 2016 A secretive startup backed by millions of dollars is about to launch a luxury smartphone promising ultimate privacy – and believes the UK is its target market. But anyone thinking of giving this new brand phone a whirl should get saving – it'll set you back around £10,000. The Israeli-founded but Switzerland-based Sirin Labs has unveiled plans for an imminent launch [...]
Visual vanguard: JCDecaux’s Spencer Berwin talks hawks, scaling and London’s digital landscape April 25, 2016 London's landscape is in flux. Almost 120 skyscrapers are in the pipeline, and the proliferation of bright digital billboards in train stations, roundabouts and bus shelters are transforming the capital’s aspect into something altogether more dynamic and enthralling. Outdoor specialist JCDecaux is behind this massive digital roll-out. After winning TfL’s £300m bus shelter contract last [...]