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 [...]
Apple shares are falling in pre-market trading with “peak Apple” fears after rcord revenue but iPhone sales slowdown January 27, 2016 Apple shares are down more than four per cent before US markets open after reporting record revenue (again), but a slowdown in smartphone sales. Fears of a slowdown in the tech titan's business have sparked concern among investors. “With the Street widely expecting a softer March guide, we would characterise a 50 million-plus iPhone unit bogey as ‘better [...]
Payment data is dangerously exposed as mobile payments soar January 27, 2016 With mobile payments on the rise, a new reports warns that critical security flaws are exposing financial data to attacks. More than half of companies admit that their payment data has been exposed to a security or data breach, showed the survey from Ponemon Institute and Gemalto, with attacks occurring on average twice a year. [...]
UK chip designer Arm hit by Apple results as share price slides January 27, 2016 Everyone's favourite Brit chip designer, Arm Holdings, has been hit by disappointing results from Apple, with shares sliding 2.3 per cent to 991.5p in early trading. The Silicon Valley giant is one of Arm's biggest customers, which makes its money by licencing designs for microchips to the likes of Apple and many of its rivals. Last night [...]
Peak Apple: Sales slow at the world’s largest company as boss Tim Cook blames extreme conditions January 27, 2016 The world's biggest company, Apple, set a new record for US corporate profits last night yet warned that sales are on the verge of tumbling for the first time in over a decade. The tech giant expects revenue of $50bn (£35bn) to $53bn in the opening three months of this year, down from $58bn in [...]
Apple share price jumps on better-than-expected earnings per share but iPhone sales growth falls to slowest rate ever January 26, 2016 NULL
Apple predicts first revenue decline in over a decade as iPhone sales growth falls to slowest rate ever January 26, 2016 Shares in tech giant Apple jumped initially in after hours trading after the company revealed earnings results for the first quarter of this financial year that came in ahead of analysts’ expectations. Earnings per share hit $3.28, beating forecasts of $3.23, while revenue was $75.9bn (£52.9bn). However revenue failed to meet projections, with the rate of growth [...]
Apple earnings: What to expect from first quarter results on Tuesday as iPhone 6s and 6s Plus risk sales slowdown January 26, 2016 Apple will reveal its most crucial earnings in years as fears have been stoked about softer sales after the launch of the iPhone 6s and 6s Plus as well as Apple Watch. Revenue is expected to come in at $76.6bn (£53.7bn) and earnings per share of $3.23, a rise of 2.7 per cent and 5.6 per cent, according to analyst [...]
Visa’s contactless payments soar by 250pc in the UK, as firm reports record revenues in Europe January 26, 2016 Cash is no longer king in the UK, where Visa Europe's contactless payments soared by 250 per cent last year. The electronic payments business said that people purchasing items by waving their Visa credit or debit cards over payment terminals now accounts for 1-in-7 of their transactions in the UK, up from just 1-in-25 a year [...]
Bitcoin: Banks are worryingly complacent about the coming digital currency storm January 25, 2016 The financial services industry is dangerously complacent in its approach to digital money. Some of the major banks almost look like they fear technological change that promises greater transparency, efficiency and security at a lower cost. Too many industry players and regulators have spent more time shutting down innovations than driving them. Barclays, Chase, Westpac [...]