Space Industry and Business News  
INTERNET SPACE
Apple market value tests $1 trillion level amid selloff
by Staff Writers
New York (AFP) Nov 2, 2018

Apple shares tumbled Friday a day after quarterly results showing strong profits but weaker-than-anticipated iPhone sales and a disappointing outlook for the key holiday period.

Apple skidded 6.6 percent to close at $207.48. That left the valuation right at $1 trillion, after briefly slipping below the milestone it topped in August.

The firm said net profit climbed 32 percent to $14.13 billion on revenue that was up 20 percent to $62.9 billion with help from growing sales of digital content and services to users and other Apple gadgetry.

However, the market was disappointed that Apple fell short of expectations, with sales of 46.9 million iPhones and a forecast for the key holiday season that was not as robust as anticipated.

"Apple will have trouble maintaining its recent valuation bump if the market clearly sees declines in shipments," said analyst Richard Windsor on his Radio Free Mobile blog.

Other analysts said the outlook remains positive for Apple as it diversifies its revenue base with more services such as streaming music and Apple Pay, and moves toward the launch of a video service that could compete with Netflix.

"Services revenue continues to increase at pace," said Neil Saunders of the research firm GlobalData.

"We believe this represents a massive forward opportunity for Apple and, as such, welcome the news that the company is looking into streaming video services."


Related Links
Satellite-based Internet technologies


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


INTERNET SPACE
Apple delivers strong profits; Spotify hits flat note
San Francisco (AFP) Nov 2, 2018
Apple on Thursday delivered blockbuster earnings, but saw shares punished after a disappointing holiday season forecast and word that it will stop reporting how many iPhones it sells. The California-based technology giant makes most of its money from iPhones, and sales numbers have been seen as a bellwether of the company's fortunes. Apple shares dove 6.5 percent to $207.78 in after-market trades following the release of earnings figures for a record-setting September quarter. The firm said ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

INTERNET SPACE
Atomic path from insulator to metal messier than thought

Bose-Einstein condensate generated in space for the first time

Astroscale secures new funding for LEO debris clean up concept

New composite material that can cool itself down under extreme temperatures

INTERNET SPACE
ULA contracted by Air Force for Delta IV rocket launch

Navistar contracted by Army for MRAP tech support

Scientists want to blast holes in clouds with laser to boost satellite communication

Military communications satellite online in orbit following launch

INTERNET SPACE
INTERNET SPACE
China launches twin BeiDou-3 satellites

Army researchers' technique locates robots, soldiers in GPS-challenged areas

Boeing to provide technical work on JDAM GPS-guided bombs

New Study Tracks Hurricane Harvey Stormwater with GPS

INTERNET SPACE
Indonesia warns over 'fake news' after deadly jet crash

Chinese airlines' profit hit as yuan weakens, fuel costs rise

US indicts 10 Chinese over scheme to steal aerospace tech

BAE to complete Hawk Mk127 upgrades for Australia in 2019

INTERNET SPACE
US accuses China, Taiwan firms with stealing secrets from chip giant Micron

Tianhe-2 supercomputer works out the criterion for quantum supremacy

Researchers create scalable platform for on-chip quantum emitters

US imposes restrictions on Chinese tech firm

INTERNET SPACE
Study reveals how soil bacteria are primed to consume greenhouse gas

Japan launches environment monitoring satellite

China, France launch satellite to study climate change

Location of large mystery source of banned ozone depleting substance uncovered

INTERNET SPACE
Report: European air pollution remains at deadly levels

Newly discovered toxic pollutant found in homes, environment

Air pollution kills 600,000 children each year: WHO

EU air quality slowly improving but still deadly: report









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.