It’s official: Google’s Alphabet has overtaken Apple as the most valuable company in the world February 2, 2016 Google is now worth more than Apple, becoming the most valuable publicly traded company in the world. A set of stellar results from Google parent company Alphabet after hours on Monday evening sent shares soaring. Now that market's are back open, Google has taken its official place at the top of the pile with a $541.81bn market cap. [...]
Made In Taiwan: As China’s growth slows, promising stocks lie across the Formosa Strait February 2, 2016 As China's earthquake rumbles on, the regional trading partners which have depended on its double digit growth for three decades are feeling the shocks. The Malaysian and Indonesian economies have suffered, but the manufacturing sectors in Japan, South Korea and Taiwan are also inextricably tied to that of Asia’s largest economy. Exports account for 70 per [...]
Tech stocks: Can the FANGs survive the bloodsuckers? February 2, 2016 January was a blood bath for technology stocks, and even the well regarded FANG stocks – Facebook, Amazon, Netflix and Google – copped it sweet for most of the month. Investors have been skittish around highly anticipated results. Facebook, down about 10 per cent at one point last month, soared to a record high post [...]
Google share price soars in after hours trading as parent company Alphabet’s revenue rises February 1, 2016 Google jumped as much as 8.4 per cent to $813 per share in after hours trading, putting it on course to oust Apple as the world's most valuable company by market capitalisation when regular trading resumes tomorrow. Google's new parent company Alphabet reported annual revenue rose 18 per cent to $21.33bn (£14.8bn) in the three months ended December 31. [...]
Draft Investigatory Powers Bill: “Snooper’s Charter” puts UK tech sector in jeopardy, MPs warn February 1, 2016 A group of MPs has warned that the cost of implementing new legislation designed to give the government greater surveillance powers could put the UK's thriving technology sector in jeopardy. The cross-party group of MPs has warned that a lack of clarity in the so-called Snooper's Charter risks undermining UK tech by adding burdensome costs to businesses and potentially [...]
Mayor of London Boris Johnson accused of “cover up” over Garden Bridge meeting January 29, 2016 The Mayor of London has been accused of misleading the London Assembly over the controversial Garden Bridge, amid claims he targeted Apple for corporate sponsorship before the scheme had even received backing. According to trade magazine Architects' Journal, which has been running a series of exposes on the matter, Boris Johnson and Garden Bridge designer Thomas Heatherwick travelled [...]
Apple recalls plug adaptors over electrification fears January 29, 2016 Apple has issued a major recall of wall plug adapters used around the world, with the tech firm warning they could cause an electric shock. Plug adapters in Europe, Argentina, Australia, Brazil, New Zealand and South Korea, which were shipped with Mac and "certain" iOS devices between 2003 and 2015, have been recalled. "In very rare [...]
This is how much money Google, Apple, Facebook, Amazon and Twitter make every second January 28, 2016 Earnings season is upon us, and it's been a mixed bag: Facebook announced its revenues increased 51.7 per cent in the three months to the end of December, while Apple said its sales growth had slowed for the first time in a decade. It can be hard to keep track of it all, cutting through the hype [...]
These were the biggest selling smartphone brands of 2015: How Apple and Samsung’s growth was overtaken by Huawei, Lenovo and Xiaomi January 28, 2016 Three smartphone brands grew at a faster pace than Apple and Samsung last year as sales across the world hit a record 1.4bn. Chinese smartphone makers Huawei, Lenovo and Xiaomi grew more than the world's two biggest smartphone brands as shipments increased by 10 per cent across the board. The rise of device makers in China signals increasing [...]
Peak Apple? Share price plunges 5 per cent on iPhone sales slowdown January 27, 2016 Apple shares have nosedived in early trading following the revelation yesterday that the iconic iPhone would see its first ever decline in sales in the coming quarter. Apple shares plunged 4.97 per cent in the first half hour of US trading, falling to $95.02 as fears of a slowdown for the tech giant have investors [...]