Dow falls on low earnings – New York Report July 21, 2015 US STOCKS fell yesterday following results from IBM and United Technologies that dampened early optimism over earnings season. Investors were also awaiting quarterly profits from tech giants, including Apple and Microsoft. The Dow fell one per cent, to 17,919.29, with IBM and United Tech contributing around 118 points to the 181-point drop. The S&P 500 [...]
Lessons in wine: When is the ideal drinking window? July 21, 2015 Like any food product, wines have an ideal window of time in which they should be consumed. Unlike food, however, wines don’t come with a sell-by date. How, then, to determine when to pull the cork? Generally speaking, wines not intended for aging are priced at the low end of the spectrum, probably bottled under [...]
Apple Watch sales “beat internal forecasts”, selling more than iPad or iPhone in its first quarter July 21, 2015 As Apple released the first set of results from the tech giant to include Apple Watch sales, the one question everyone wanted answered was: How has the Apple Watch fared? A flop or a success for the company? Curious investors were left to wonder, however, as Apple did not break out unit sales for its [...]
Apple earnings: Profits soar as China continues to boost iPhone 6 sales – but share price slides seven per cent July 21, 2015 Despite beating analysts' sales and revenue expectations again, Apple share fell by seven per cent after the company reported selling fewer iPhones than forecast and lowered fourth quarter profit guidance. The figures Smashing through what is traditionally its slowest sales period, Apple has reported a quarterly record-high revenue of $49.6bn, beating analysts' forecasts for the [...]
Apple says Itunes and App Store suffering “glitches” – unavailable for some users July 21, 2015 Apple users are reporting technical glitches, with a whole host of their media functions struggling today, including the App Store and Itunes. The services are currently completely unavailable for some of its users. Apple has posted a statement: We are investigating and will update the status as more information becomes available. At least twelve Apple [...]
Storyline app: Shark Tank entrepreneur Mark Cuban wants to reinvent Twitter and give users “social media zero” July 21, 2015 People think Twitter has a problem. Whether it's the "sloppy" handling of chief executive Dick Costolo's exit or slowing growth in the number of users and a lack of product innovation – everyone has an opinion. Now there's one person who's decided to put his money where his mouth is and take some action. The [...]
Is Apple planning an iCar? Tim Cook hires Chrysler executive Doug Betts as it eyes Tesla, Google and Uber over electric cars July 21, 2015 Not content with taking over our ears (Apple Music) and wrists (Apple Watch) this year, Apple may now have its sights set on taking over our roads. Tim Cook has hired the an executive from Chrysler, fueling speculation that there may be an iCar coming down the road. Doug Betts, a former senior vice president [...]
Market steady as corporate results kick off – New York Report July 20, 2015 GAINS from a better-than-expected start to corporate earnings season, which boosted investor confidence, were curbed by a drop in commodities yesterday. The Dow Jones industrial average rose 13.96 points, or 0.08 per cent, to 18,100.41, the S&P 500 gained 1.64 points, or 0.08 per cent, to 2,128.28 and the Nasdaq Composite added 8.72 points, or [...]
S&P 500 Index rises to record close boosted by corporate earnings beating expectations July 20, 2015 Wall Street was up this afternoon, with Standard & Poor’s 500 Index beating its all-time high close, rising 0.2 per cent to close at 2,130.85. These buoyant figures beat out the previous record close set two months ago, and are boosted by corporate results beating analysts’ forecasts. Commodities were down, with gold prices plunging to [...]
Apple earnings: Here’s what to expect after the Apple Watch launch and record iPhone 6 sales in third quarter results July 20, 2015 The world’s most valuable company looks set for another strong quarter, as blockbuster iPhone 6 sales, particularly in China, continue to boost its growth. Apple smashed analysts’ expectations last quarter, with its best second quarter results ever. Sales reaching $58bn and a net profit of $13.6bn caused the tech giant’s share price to soar 38 [...]