Apple Watch sales “beat internal forecasts”, selling more than iPad or iPhone in its first quarter July 21, 2015 As Apple released the first set of results from the tech giant to include Apple Watch sales, the one question everyone wanted answered was: How has the Apple Watch fared? A flop or a success for the company? Curious investors were left to wonder, however, as Apple did not break out unit sales for its [...]
Apple earnings: Profits soar as China continues to boost iPhone 6 sales – but share price slides seven per cent July 21, 2015 Despite beating analysts' sales and revenue expectations again, Apple share fell by seven per cent after the company reported selling fewer iPhones than forecast and lowered fourth quarter profit guidance. The figures Smashing through what is traditionally its slowest sales period, Apple has reported a quarterly record-high revenue of $49.6bn, beating analysts' forecasts for the [...]
Yahoo beats analysts’ expectations with fastest revenue growth since 2010 July 21, 2015 The figures At $1.24bn, Yahoo's sales smashed analysts' expectations. The company was expected to report a sinking revenue, with analysts forecasting revenues of $1.03bn, but instead reported a 15 per cent growth against the same period last year. Earnings are squeezed, however, with the company reporting earnings per share of $0.16, against expectations of $0.18. [...]
Microsoft share price slides as revenue continues to fall despite growth in cloud computing ahead of Windows 10 launch July 21, 2015 The figures Microsoft’s reported sales down over five per cent compared to the same period last year. The software giant’s revenue was down to $22.18bn, roughly in line with analysts’ forecasts. At $0.62, the company’s earnings per share were slightly higher than analysts’ expectations of $0.58. Revenue from cloud-based computing was up 88 per cent [...]
S&P gives Greece credit upgrade as default “no longer inevitable” after bailout deal and repayments to International Monetary Fund and European Central Bank July 21, 2015 Some good news at last for Greece after the past months’ Eurozone drama over the indebted country. Ratings agency Standard & Poor has upgraded its rating after default was avoided and a deal struck with its lenders to discuss conditions for a third bailout. S&P lifted Greece’s rating from CCC- to CCC+ and changed the [...]
Tesla Motor’s share price down as analysts expect growth will “disappoint” July 21, 2015 Tesla shares were down after a UBS analyst downgraded it to “sell”, expecting disappointing growth from the company’s electric car and home battery segments. Shares slid 4.7 per cent for Tesla, the electric car manufacturer that has attracted a cult following, and were down to $269.10. UBS analyst Colin Langan wrote in a statement to [...]
Apple says Itunes and App Store suffering “glitches” – unavailable for some users July 21, 2015 Apple users are reporting technical glitches, with a whole host of their media functions struggling today, including the App Store and Itunes. The services are currently completely unavailable for some of its users. Apple has posted a statement: We are investigating and will update the status as more information becomes available. At least twelve Apple [...]
IBM earnings: Share price slumps 4pc as revenue falls for thirteenth consecutive quarter July 20, 2015 The figures IBM reported quarterly earnings that beat analysts’ estimates, but their revenues fell short of expectations, dropping for the thirteenth consecutive quarter. The tech giant reported $20.81bn in sales, down 14.7 per cent over the year and lower than expectations of 20.9bn. Adjusted earnings came in at $3.84 a share, just beating forecasts of [...]
Oil prices continue to slide as US benchmark WTI crude falls below $50 a barrel for first time since April July 20, 2015 US benchmark West Texas Intermediate (WTI) dipped under $50 a barrel today, as speculation that increasing Middle Eastern shipments will worsen global oversupplies. WTI fell as low as $49.92 before closing slightly up, at $50.13 a barrel, the lowest prices WTI has been trading at since the beginning of April, showing that sales continue to [...]
It turns out there are actually quite a few women who could go on the next £20 note July 20, 2015 Women make up a quarter of the candidates for the next bank note. From Beatrix Potter to Elizabeth Siddal or Laura Ashley, 144 women have made the longlist presented by the Bank of England today. Almost 30,000 nominations have come pouring in to the Bank from members of the public all hoping to get a [...]
