THE TIPSTER April 25, 2011 SHARES in Apple hit an all time high of $364 back in February, but its first quarter results have smashed forecasts. Profits were up 90 per cent to $5.99bn from $3.07bn in the same period last year. Some investors thought Steve Jobs’s illness had encouraged a slowdown in growth, and they were wrong. His recent [...]
Nokia warns over phone profit margins April 21, 2011 Nokia warned operating profit margins at its key phone unit would slip in coming quarters after reporting better than expected January – March earnings. January-March underlying earnings per share fell to €0.13 from €0.14 euro a year earlier, but beat analysts’ average forecast for €0.10 euro. Nokia’s market share fell to 29 per cent from [...]
Apple triumphs as sales rocket April 20, 2011 APPLE smashed market expectations with another blockbuster set of results yesterday as soaring demand for its gadgets caused profits to almost double. Record sales of iPhones and Mac computers pushed its profits up 95 per cent to $5.99bn (£3.7bn) in its second quarter results, from $3.07bn in the same period in 2010 – while revenues [...]
Sony Ericsson stuns market with a profit April 19, 2011 SONY ERICSSON shocked the market yesterday by announcing a small profit despite hemorrhaging market share and having its supply chain rocked by the Japanese tsunami. The firm was buoyed by surging demand for smartphones but missed analysts’ revenue forecasts by only shifting 8.1m units, giving it a lowly market share of just two per cent. [...]
Seagate buys Samsung division April 19, 2011 US firm Seagate has bought Samsung’s hard disk unit for $1.4bn (£860m). The acquisition of the loss-making hard disk drive (HDD) business pits it head-to-head with Western Digital Corp in an industry that has been dogged by price wars. The sector is battling persistent sales growth declines and faces a longer-term threat from wireless tablet [...]
Apple sues Samsung over “slavishly” copying iPhone April 19, 2011 Apple Inc has sued Samsung Electronics claiming the South Korean firm’s Galaxy line of mobile phones and tablets “slavishly” copies the iPhone and iPad, according to court papers, a move analysts say is aimed at keeping its close rivals at bay. Apple is one participant in a web of litigation among phone makers and software [...]
Samsung sued by Apple over phones April 18, 2011 APPLE has sued rival Samsung Electronics claiming that Samsung’s Galaxy line of mobile phones and tablet “slavishly” copies the iPhone and iPad, according to court papers. Galaxy products use Google’s Android operating system, the lawsuit says, which directly competes with Apple’s mobile software. However, Apple’s claims against Samsung focus on Galaxy’s design features, such as [...]
WHITE IPHONE COULD BE ON SALE IN WEEKS April 14, 2011 APPLE is set to launch its much-delayed white iPhone 4, pictured above with Apple boss Steve Jobs, in two weeks time, according to reports, which say the phone could be available on US networks by the end of the month. The launch was delayed last June, when Apple said: “White models of Apple’s new iPhone [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 12, 2011 FINANCIAL TIMES CITY INVESTOR CHIEFS BACK BANKING REVAMP City fund managers have broadly welcomed the reform drive sweeping Britain’s banking sector, in spite of vocal criticism from some institutions. “There is a largely silent majority of investors who believe that structural reform and tougher capital requirements are a good idea,” said James Alexander, head of [...]
TRAVEL NOTES April 10, 2011 HOLIDAY IN THE SKIES It’s the only place on earth left – aside from subway trains (and not for long there) – that people are cut off from phones and internet. No wonder, then, that a recent survey from Delta finds that European business travelers see the aeroplane as a blissful escape rather than getting [...]