iPhone sales led to 5% increase in AAPL. AAPL, the symbol by which Apple stocks were traded on the stock market, soared. This was after Apple reported higher-than-expected quarterly results.
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The pressure is on for Apple to launch new products. Several analysts pointed out that Apple needed to launch new products soon. Now, investors were also becoming concerned about the tech giant's status in the long term.
Latest figures for Apple were released recently. According to Apple's (AAPL) most recent report, the company's third quarter fiscal revenue beat analysts' forecasts, but predicts that this quarter's revenue will settle below expectations.
Apple's big sales boosted shares of its Asian suppliers. Despite strong sales from Apple in the general Asian market, the company's suppliers of screens and micro chips from the region are worried for the long term.
Apple's chief executive officer Tim Cook said in an earnings call that the company will definitely do something for the automobile.
Insight Venture Partners has given a $35.8 million minority investment to MediaSpectrum. Insight Venture Partners has given $35. 8 million in minority equity investment to MediaSpectrum, Inc.
MySocialCloud is now part of Reputation.com. MySocialCloud, the platform that allows users to manage their logins, passwords, and other data from one place, has been acquired by Reputation.
Kuwait's Global Investment House proudly announced the completion of their restructuring plan tagged at US$1.7 billion.
FMC Corp said that they are set to acquire Epax, a Norwegian supplier for Omega 3 fatty acids. FMC Corp (FMC) announced that they have agreed to buy the Norwegian supplier for Omega 3 fatty acids, Epax.
Several analysts gave product-centered comments of Apple's June quarter results. The results of Apple's June quarter were out. Let's see what analysts have to say regarding the report.
