Apple and Fed combine to boost equities April 25, 2012 US stocks rallied yesterday, with Apple’s surge giving the Nasdaq its biggest gain of the year, while the Fed chairman reassured markets that the central bank would do more if necessary to lift the economy. Apple fueled optimism that the current earnings season would be much stronger than expected, generating gains across all market sectors. [...]
Blue sky thinking April 25, 2012 GOOGLE DRIVE COST: 5GB: free; 25GB: $2.49 a month; 100GB: $4.99 a month; 1TB: $49.99 a month; 16TB: $799.99 a month PROS: It’s cheap, compared to rivals (the free part is twice the size of Dropbox’s offering). It allows users to create, sync, store and share files across platforms. It also syncs with Google’s other [...]
FTSE rise aided by banks April 25, 2012 The FTSE 100 opened on the front foot this morning as the tech sector was given a boost by stellar sales from Apple in the US while banks also nudged up. But UK GDP figures showing that the country had plunged back into recession cast a shadow.The UK economy shrank by 0.2 per cent in [...]
Apple stock soars after stellar sales April 24, 2012 SHARES in Apple jumped seven per cent in after-hours trading last night after it posted a fresh set of forecast-smashing sales figures. America’s largest public company said its fiscal second-quarter revenue rose 59 per cent to $39.2bn (£24.28bn), better than the analysts’ estimates of $36.8bn. Strong demand for iPhones, particularly in China, helped drive a [...]
IS APPLE STILL COOL, EVEN IF IT IS MAINSTREAM?* April 24, 2012 GRAHAM THATCHER MCC INTERNATIONAL Yes, but that will decrease in time. I think its getting to a stage where it’s got to move things on quite considerably. Most people have an iPhone, but the next thing that someone sees across a table and says, ‘wow, what’s that?’ will be the cool thing. ANNE MARIE CALIXTÉ [...]
Taiwan’s HTC grows revenue April 24, 2012 TAIWANESE smartphone maker HTC yesterday pointed towards a 55 per cent jump in revenue in the second quarter from the previous three months, matching forecasts. The company said that it expects its second-quarter revenue to be T$105bn (£2.2bn) compared to T$67.79bn in the first quarter. This exceeds analysts expectations of about T$101bn. It follows a [...]
Profits increase at AT&T April 24, 2012 ■ AT&T reported a higher-than-expected quarterly profit yesterday, sending its stock up as much as four per cent, as a decline in iPhone sales reduced the amount of cash it had to pay Apple and boosted its margins. Apple shares fell almost two per cent after AT&T also said its numbers should improve further in [...]
Stocks rise on Dow and S&P April 24, 2012 THE Dow and the S&P 500 rose yesterday after strong earnings and upbeat outlooks from big manufacturers including 3M, but Apple’s slide ahead of its results drove the Nasdaq down. Shares of Apple, however, reversed course after the bell when the iPad maker reported quarterly revenue that handily beat Wall Street’s estimates. Apple’s stock jumped [...]
AT&T profit rises thanks to improved margins April 24, 2012 American mobile phone network AT&T reported a higher quarterly profit for the start of 2012, driven by a rise in wireless margins, as it had to pay less in subsidies to Apple because it sold fewer iPhones in the quarter. AT&T’s shares rose almost 2 per cent after the news. US networks were weighed down [...]
Arm receives first quarter lift from licences April 24, 2012 ARM, the British company whose technology powers Apple’s iPad, met market expectations with a 22 per cent rise in first-quarter profit, helped by growth in chip-makers licensing its energy efficient designs. The company reported adjusted pretax profit of £61.9m on revenue 14 per cent higher at 132.5 million pounds, both in line with forecasts. Cambridge-based [...]