Tags: Apple
Samsung struggling to increase revenue
The world's largest smartphone manufacturer, Samsung is struggling to increase its market share after the company continuously reported a decline in profit. The first decline is reported back in its third quarter revenue in 2014. Investors are anxious to see what Samsung has in plan to ensure more revenue for their next quarterly report.
US firms stash $2.1tn overseas to skip tax at home
The US companies are keeping their profits made overseas out of the homeland in order to avoid taxes. It's estimated that 500 large US companies are holding over $2.1 trillion accumulated profits overseas to avoid taxes. These companies have to shell out $620billion by paying US taxes to repatriate the funds.
Apple's price target of $200 is overstated by 25%, says analyst
Is the $200 price target for Apple's stock achievable considering the estimated sales realization from iPhone 6 and Apple Watch? Some analysts say yes and some say it's overpricing from the current price of $110. Overdependence on price-earnings (PE) multiples and surplus cash are being added to $200 target.
No role of nationality in antitrust probe: EU antitrust chief
Ruling out North America's claim that European antitrust authority is going in an anti-US bias in dealing with Google and Apple, the European Competition Commissioner (ECC) Margrethe Vestager has termed it as a misleading notion of the world's largest economy. Vestager has been criticized in the US media for her role in opening multiple cases against the US corporate giants Google, Apple, Amazon and Starbucks during the past one year. Vestager has become the target of the US media as European regulators are protecting EU companies from the US competition.