iPad mini sales break records as Apple’s competition heightens November 5, 2012 APPLE sold 3m iPads in the first three days that the new iPad mini and fourth-generation model went on sale, the technology giant revealed yesterday. This figure was double the sales of the previous iPad launch in March, and chief executive Tim Cook said the company was already “practically sold out of iPad minis”. “We’re [...]
Shares in Foxconn arm leap 35 per cent on iPhone speculation November 5, 2012 SHARES in the world’s biggest manufacturer of mobile phones, Foxconn International Holdings (FIH), rose as much as 35 per cent yesterday on speculation that it would win a contract to make Apple’s iPhone 5 from its affiliate Hon Hai. FIH and Hon Hai are both listed units of Foxconn Technology Group, the Taiwanese industrial giant [...]
US shares rise in light trade as vote looms November 5, 2012 US stocks advanced modestly yesterday in light trading in one of the year’s quietest sessions on the day before the US presidential election. Whatever the outcome of the race between incumbent President Barack Obama and Republican challenger Mitt Romney, the election’s resolution will finally end the uncertainty that has kept the market stagnant for the [...]
Apple paid less than 2pc tax on overseas profit November 4, 2012 APPLE paid less than two per cent tax on profits outside the US, its regulatory filings have shown. The technology giant paid $713m (£445m) in overseas corporation tax in the year to 29 September – as its foreign pre-tax earnings rose to $36.8bn (£23bn) from $24bn in 2011. The percentage of foreign tax Apple paid [...]
What the other papers say this Morning November 1, 2012 FINANCIAL TIMES Israel veto ends PotashCorp merger Israel says it will block Potash Corporation of Saskatchewan’s attempt to buy rival fertiliser Israel Chemicals, derailing a $15bn (£9.3bn) deal to create the world’s largest potash producer. The veto is the latest example of growing resource nationalism, in which governments block foreign attempts to buy mining, oil, [...]
Apple slapped by UK judge on statement over Samsung case November 1, 2012 APPLE was yesterday reprimanded by a British judge for posting an inaccurate statement on its website associated with a UK Court of Appeal ruling that concluded arch-rival Samsung’s tablet device did not copy the iPad. After Apple lost an appeal last month against an earlier High Court ruling that Samsung had not copied the iPad’s [...]
RIM shares up on new handsets November 1, 2012 Shares in BlackBerry maker Research in Motion (RIM) leapt as much as 10 per cent yesterday as it confirmed it was testing the next generation of handsets with operators, a big step towards the launch of BlackBerry 10, its soon-to-be-released smartphone software which has been repeatedly delayed. RIM has seen its market share significantly squeezed [...]
Volex counts cost of snub from Apple over iPhone 5 connector October 31, 2012 APPLE’S decision to change the connector used in the latest iPhone has been tough on electrical component maker Volex, which was snubbed by Apple for the iPhone 5 after years of making its connectors. The company revealed yesterday that sales in the six months to the end of September had fallen on last year, and [...]
Wall Street flat after two day storm closure October 31, 2012 THE US stock market slowly returned to life yesterday after two days in the dark, in the wake of the massive storm Sandy that caused the market’s first weather-related two-day closure since the late 19th century. The Dow and the S&P 500 closed little changed while the Nasdaq Composite edged 0.4 per cent lower in [...]
How the tech giants measure up October 31, 2012 What on earth have they been up to recently? Anything to write home about? It’s been a whirlwind few months for Microsoft, with Steve Ballmer (rightly) saying his company’s bet on Windows 8, and its emphasis on touch-screen technology, represents an “all in” moment. It has brought out new desktop, tablet and mobile phone operating [...]