Apple breaks another record as share price surges above $134.5, market cap rises to $775bn April 28, 2015 Apple's share price just won't quit. Shares in the iPhone maker have reached another new high – this time the share price peaked at $134.54 during early trading. That gave it a market cap of more than $775bn. It has slipped back down now to around $131.5 – and its market cap has [...]
Apple sales soar on back of China growth: Profits rise despite decline in iPad sales April 27, 2015 Apple has reported a 27 per cent increase in revenue to $58bn (£38bn) for the second quarter, boosted by strong demand in China. Sales in China alone rose 71 per cent to $16.8bn, helping the smartphone giant rake in profits of $13.6bn, up from $10.2bn last year. The firm sold 61.2m iPhones during the period, [...]
Canon sales fall as phones snap up its market April 27, 2015 JAPAN’S Canon yesterday reported first-quarter net profit that fell almost a third, grossly undershooting expectations, citing a collapse in demand for compact digital cameras. Profit at the world’s largest camera maker fell to 33.93bn yen (£188m) for January to March, compared with the 53.64bn yen average estimate of five analysts according to Thomson Reuters data. [...]
Gaming software developer Playtech bets on a strong 2015 April 27, 2015 Isleof Man-based gaming firm Playtech yesterday said it had won big in the first quarter, with revenue up 31 per cent. Playtech, which develops online gaming and sports betting software, said – despite being impacted by the weakness of the euro – it increased revenues from regulated markets by 40 per cent for the three [...]
Apple smashes it and beats expectations with best second quarter figures ever April 27, 2015 The world's most valuable company has just outdone itself. The figures During the second quarter ending 28 March, Apple's revenue grew by 27 per cent to $58bn (£38bn), exceeding market expectations of $56bn. The net profit of $13.6bn will also bring a smile to investors' faces, since it pushed earnings per share up by [...]
Apple earnings: Four things to expect after the iPhone 6 success and Apple Watch launch from the second quarter results April 27, 2015 Apple is expected to report another exceptional quarter, still riding high from the success of the iPhone 6. It's a tough act to follow after last quarter, its first since the new generation phone launched last year, when it sold a record 74.5m iPhone's and sales rose an astonishing 30 per cent to $74.6bn (yes, [...]
No clocking off in Apple Watch battle: Why Swiss watchmaker H. Moser & Cie boss Edouard Meylan is bullish about the future April 26, 2015 Even without the usual queues of devoted fans outside its stores, Apple created enough hype around its long-awaited watch that when it went on sale earlier this month, the limited first run sold out within hours. The £12,000 Watch Edition – made with gold – was one of the first of its 38 style options to [...]
Fed to decide on rates policy – New York Report April 26, 2015 THE US Federal Reserve is to meet for two days this week in order to discuss possible changes to its monetary policy. The outcome of the meeting is due on Wednesday. It seems likely that the Fed will be forced to wait until later this year before raising rates from record lows. Wages and inflation [...]
From Milifans to the Hound of Hounslow: here’s what got us talking this week April 24, 2015 It was the week which began with the transformation of the Labour leader into an idol (stop cringing at the back, please) and ended with HSBC threatening to leave these fair shores (again)…. Here’s what got us talking this week 1. Election The election campaign trudges on wearily, with a little under two weeks until [...]
Apple Watch apps: The most useful apps for your commute, work, travel and staying informed April 24, 2015 People are finally able to get their hands on the Apple Watch today as pre-orders begin shipping and a handful of shops – Apple stores, Selfridges and Dover Street Market in London – will begin selling the smartwatch offline. But with a mind-boggling 3,000 apps to get playing with, where do you start? Here's our [...]