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Apple’s quarterly revenue drops three per cent

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1 year ago

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It comes as consumers tighten their spending on smartphones amid looming recession fears

Apple’s revenue has dropped three per cent for the first three months of the year.

It comes as consumers tighten their spending on smartphones amid looming recession fears.

The company’s revenue was slightly better than what Wall Street had expected at $94.8 billion.

Apple CEO Tim Cook says the tech giant set a fiscal second-quarter record for iPhone sales, thanks to picking up new users in markets such as India.

Meanwhile, the sales of Macs are falling sharply and iPad revenue slipped.

Apple’s biggest growth segment was its services business, with products such as iCloud and Apple Pay.

Shares in Apple were modestly higher in after hours trading.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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