“We’ve never been stronger” – Tim Cook says Apple is at top of its game February 12, 2013 APPLE chief executive Tim Cook sounded a bullish note at a Goldman Sachs event yesterday, reassuring investors that “limit” was not a word in his vocabulary, and that the firm remained a “centre of innovation”. Speaking ahead of the bank’s annual technology and internet conference, Cook acknowledged the lawsuit brought against the firm by David Einhorn’s [...]
Blackberry falls as Home Depot chooses iPhone February 11, 2013 SHARES in Blackberry plummeted by as much as six per cent during early trading yesterday, after one of the US’s biggest retailers said it was replacing its employee handsets with Apple’s rival iPhone. A spokesman for DIY-chain Home Depot said as many as 10,000 of its management and corporate employees would switch their Blackberry models [...]
Australia calls up tech giants February 11, 2013 APPLE has been ordered to appear before Australia’s parliament with fellow technology giants Microsoft and Adobe Systems to explain why local consumers pay so much for their products, despite the strong Aussie dollar. Broadening a row between the world’s most valuable company and Australian politicians over corporate taxes paid on Apple’s operations, Apple executives were [...]
US markets are quiet after six weeks of gains February 11, 2013 US stocks ended a quiet session with slight moves yesterday as investors found few reasons to keep pushing shares higher following a six-week advance, though the longer-term trend was still viewed as positive. The benchmark index is up more 6.4 per cent in 2013, putting both the S&P 500 and Dow industrials near multi-year highs. [...]
China beats America in global trade race February 10, 2013 CHINA has eclipsed the US to become the world’s top trader in goods for the first time, official figures from the two countries revealed. Chinese imports and exports together totalled $3.87 trillion (£2.45 trillion) in 2012, according to figures from the country’s ministry of commerce, just ahead of the US’s $3.82 trillion in goods traded [...]
Apple developing smart watch February 10, 2013 Apple is developing a smart watch that would run on its iOS platform, according to various reports over the weekend. A blog on the New York Times claimed that Apple is working on a prototype of a curved glass wristwatch, and though few details exist as to which functions of a smartphone the watch might [...]
Apple to chew over proposals to return cash February 7, 2013 APPLE said yesterday it would consider proposals from US billionaire David Einhorn urging the company to return more of its colossal cash pile to shareholders. Einhorn’s hedge fund Greenlight Capital, which owns 0.12 per cent of the iPhone and iPad maker, yesterday said it was taking legal action over Apple’s proposals to change its company [...]
STK does a belter of a rib eye – if you can stand the club atmosphere February 6, 2013 Primal Scream frontman Bobby Gillespie once said: “All vowels are fascist, man, everyone knows that”. It’s a sentiment that obviously chimed with the owners of US steakhouse chain STK, which has just arrived at the ME London hotel. This isn’t just any old steakhouse, though. Oh no, this is a “female friendly” steakhouse. Female friendly. [...]
HTC to focus on China as revenues fall February 4, 2013 SMARTPHONE manufacturer HTC said yesterday it planned to focus on emerging markets, having been squeezed out of the US and western Europe by Samsung and Apple. The Taiwanese firm has seen its market share plummet in the last two years. The Taiwanese firm’s chief Peter Chou (pictured) warned of a 17 per cent revenue fall [...]
Avoid getting in a spin about the great rotation February 4, 2013 AS THE equity markets surge onwards, many are calling the beginning of the great rotation – the point when retail investors finally rotate out of the perceived safety of cash and bonds, and back into the stock market. Talk of the great rotation has occasionally made it into analyst notes over the last couple of [...]