New York Report: Apple’s gravity knocks 1.6pc off S&P index September 25, 2014 US STOCKS yesterday ended with sharp losses, with the S&P 500 suffering its biggest one-day decline since July, as Apple tumbled and the dollar rose to a four-year high. The Dow Jones industrial average fell 264.26 points, or 1.5 per cent, to 16,945.80, the S&P 500 lost 32.31 points, or 1.6 per cent, to 1,965.99 [...]
US markets take a kicking as Apple share price falls following iPhone 6 and iOS8 issues September 25, 2014 Stocks across the US markets have got off to an awful start today, with Apple one of the biggest fallers. The S&P is having its seventh-worst day of the year and was down by 21 points at pixel time. Apple was the largest contributor to the S&P 500's growth last month as shares in the [...]
Richard Branson has spoken: Apple Pay is the future, Bitcoin regulation is a good thing and Sidecar is the startup app to watch September 25, 2014 City A.M. chatted with Richard Branson about his views on startups, why affordable space travel is imminent and what drove his decision to invest in a drone business. What’s the most exciting startup at the moment? I’m lucky in that I meet exciting startups virtually everyday. One that’s especially grabbed my attention lately [...]
Finally, Apple apologises over iOS 8 update – but what about the bendy iPhone 6? September 25, 2014 Apple made a statement overnight apologising for the "great inconvenience" created by its flawed iOS 8 operating software. The company has been the subject of criticism after it released the latest version of its mobile operating system earlier this month. It's 8.0.1 update, released yesterday designed to fix problems with its health app, caused further [...]
Samsung’s Apple-busting strategy: Pull its Galaxy Note 4 release date forward in China and South Korea September 24, 2014 Samsung will launch its brand new Galaxy Note 4 "phablet" ahead of schedule in China and South Korea this week. With Apple reporting record-breaking sales of its new iPhone 6 and iPhone 6 plus, Samsung has responded by getting its new product out in the two vast Asian markets at the earliest possible date. [...]
Amazon share price falls as authors plot US Department of Justice approach over Hachette dispute September 24, 2014 Amazon's share price fell in early trading today, after it emerged that a group of more than 1,000 authors were poised to take the standoff with publisher Hachette to the US Department of Justice. Shares at the internet giant were down 0.7 per cent in mid-morning trading in New York. Writers including Malcolm [...]
Blackberry Passport: The “innovative” smartphone with a square screen September 24, 2014 Blackberry’s Passport is the new strangely shaped smartphone the company hopes will help restore its diminished presence in the smartphone market. Passport, launching today, will at the very least grab people’s attention. Its 4.5 square inch HD screen is square in shape and far wider than what seasoned smartphone buyers are used to. [...]
City Moves for 24 September 2014 | Who’s switching jobs September 23, 2014 Thomson Snell & Passmore The law firm has appointed Keith McAlister as a partner in its corporate and commercial department. He joins from Kingsley Napley, where he was head of corporate and commercial. McAlister has also held roles at Brachers. Advent International The private equity firm has appointed Werner Geissler as an operating partner, effective 1 [...]
I know what you’ll like next summer: How trend forecasting keeps the biggest brands on top September 23, 2014 Will you be gripped by a desire to own a pair of Birkenstocks at some point over the next 12 months? Need a mindfulness holiday retreat in 2016? What about a fridge that connects to the internet, maybe some time in the 2020s? Who knows, right? Well, someone probably does. An entire industry has grown [...]
Apple sells record 10m iPhone 6 smartphones in just three days September 22, 2014 APPLE broke its own records over the weekend selling more than 10m iPhone 6 and iPhone 6 Plus devices. Last year, Apple sold 9m of its iPhone 5S and 5C in 11 countries. This year it exceeded that figure despite launching in just 10 countries, missing out on the huge Chinese market where it is [...]