Green takes a bigger bite out of Big Apple with Fifth Avenue store February 5, 2014 SIR PHILIP GREEN is stepping up his expansion plans for Topshop in the US after announcing plans yesterday to open five new shops, including a flagship store on New York’s Fifth Avenue. The 40,000 square feet store on the world’s second most expensive street will open in the Autumn next to the Rockefeller Center and [...]
Apple facing $840m fine for ebook pricing February 2, 2014 APPLE faces a fine of up to $840m (£511m) from US state and consumer antitrust claims after last summer’s lawsuit, in which the tech giant was found to be guilty of conspiring with publishing companies to increase the price of ebooks. The class action lawsuit, comprised of customers from 33 states and led by attorney [...]
Carl Icahn adds to his Apple pile after share price takes a tumble January 28, 2014 BILLIONAIRE activist investor Carl Icahn said yesterday that he has bought another $500m (£301.7m) worth of Apple stock, despite Apple’s results being considered disappointing by many investors. Icahn’s stake in the iPhone maker is now more than $4.1bn, following three separate investments in the stock, as he continues his campaign to increase Apple’s share buyback [...]
Apple bruised despite record iPhone sales January 27, 2014 APPLE’S iPhone sales hit an all-time quarterly record of 51m units in the final three months of 2013, but still missed analyst expectations of 55m. Shares in the world’s most valuable technology company initially dived eight per cent in after-hours trading as some investors reacted to Apple’s holiday season sales figures plus a weaker-than-expected forecast [...]
Apple’s mobile sales in Europe grow in strength January 6, 2014 APPLE’S smartphone sales continue to increase month-on-month, making up 18.1 per cent of the smartphones sold in Europe’s five biggest markets during the three months to November, data from Kantar Worldpanel showed today. In October Apple’s share was 15.8 per cent. November’s strong sales are linked to high levels of customer satisfaction of its iPhone [...]