What to expect from Apple’s fourth quarter earnings October 24, 2016 Apple will announce its earnings for the fourth quarter tomorrow, ahead of a new MacBook launch later in the week. Connor Campbell, financial analyst at SpreadEx, said the earnings report "is likely to reflect the first annual iPhone sales decline in the company's history". Read more: Shares in this Apple supplier just fell off a [...]
Before the bell: What you need to know before the US market open October 19, 2016 The global economic picture is looking rosier as the UK labour market holds up in the face of the shock vote to quit the European Union and the Chinese economy is showing signs of stabilising. Here's what you need to know before the US market open at 2:30pm London time. US futures are mixed ahead of the [...]
The most powerful man in tech believes the world will become cashless October 18, 2016 The man in charge of the biggest company in the world and arguably the most powerful man in technology – Apple's Tim Cook – has weighed in with his two cents on the future of money. Apple may be rolling around in cash reserves of more than $100bn, but Cook won't be doing a Scrooge McDuck style [...]
Samsung will bounce back from its Galaxy Note 7 PR disaster October 17, 2016 Samsung's Galaxy Note 7 fiasco has been top of the headlines for the past six weeks, with the world’s largest smartphone maker finally deciding to stop making the highly combustible phablet. The result was an expected $5bn-plus hit to the company’s profit from the third quarter of this year to the first quarter of 2017. [...]
Samsung operating profit to go up in flames to the tune of £2.5bn in the next two quarters after Galaxy Note 7 discontinuation October 14, 2016 South Korean electronics giant Samsung said today it expects to take a $3bn (£2.46bn) hit to its operating profit over the next two quarters because of the discontinuation of its Galaxy Note 7 smartphone. The announcement brings the total losses from the debacle to around $5.3bn. In a market update earlier this week, the company [...]
Apple is ramping up iPhone production after Samsung recall October 12, 2016 Apple and Samsung’s simmering rivalry was taken up a notch amid the South Korean firm’s Galaxy Note 7 meltdown, which is expected to cost billions and threatens to leave its reputation in tatters. Around $18bn ((£14.8bn) was wiped from Samsung’s value as shares plummeted more than eight per cent, its biggest intraday loss since the [...]
Slash and burn: Samsung just cut profit forecasts by a third October 12, 2016 Samsung has slashed its profit outlook for the quarter by a third after the feted launch of its flagship Galaxy Note 7 ended in a fiery recall. In an update to markets, the South Korean firm slashed its estimates for the quarter to the end of September to 5.2 trillion won (£3.8bn), dialling back on initial [...]
Will Samsung’s image burn and crash after Galaxy fires? October 12, 2016 Yesterday, Samsung permanently halted production of its Galaxy Note 7 model after the devices were reported to be catching on fire due to a battery fault. It comes just a month after the manufacturer undertook a recall of the product following similar incidents. But how serious a crisis is this for the South Korean tech giant? [...]
Have the Galaxy Note 7 fires destroyed Samsung’s chances of competing with Apple? October 11, 2016 Michael Jacobides, associate professor of strategy and entrepreneurship at London Business School, says Yes. The Galaxy Note fires have been a serious blow for Samsung, not least because this is the second time that the company has had to recall this product. As we trust mobile devices to be not only the gateway to our communication, [...]
Picks of the day: The three stories to read today October 11, 2016 You have probably been working hard all day – looking to take a break to catch up on the latest news? We’ve done the legwork for you, and put together the top stories people are talking about today in bite-sized form, just to make your life that bit easier. Samsung’s Galaxy implodes If you have [...]