iPhone 7 turns around slowing sales for Apple
As the iPhone goes, so goes Apple’s overall financial health. This quarter, revenue of $78.4 billion and profits of $18.4 billion are massive numbers and both increases on a year ago.The Mac was another winner this quarter — but just barely. The company sold 5.37 million Macs, up a small 1.4 percent over the year-ago quarter. It’s not surprising that the first MacBook Pro refresh helped out the overall line, although...
iPhone 7 turns around slowing sales for Apple
As the iPhone goes, so goes Apple’s overall financial health. This quarter, revenue of $78.4 billion and profits of $18.4 billion are massive numbers and both increases on a year ago.The Mac was another winner this quarter — but just barely. The company sold 5.37 million Macs, up a small 1.4 percent over the year-ago quarter. It’s not surprising that the first MacBook Pro refresh helped out the overall line, although...
Apple Reports Second Quarter Results
CUPERTINO, California — April 26, 2016 — Apple® today announced financial results for its fiscal 2016 second quarter ended March 26, 2016. The Company posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion, or $1.90 per diluted share. These results compare to revenue of $58 billion and net income of $13.6 billion, or $2.33 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared...
UK MPs launch inquiry into the impact of ‘fake news’
The Committee notes that the public has moved away from traditional sources of news, like newspapers and TV bulletins, and are now getting their updates via social media, where it can be hard to verify the source of the story and the veracity of its content. Facebook, Twitter and Google may be asked to play a more active role in addressing the spread of fake news, but the inquiry will also take into account whether their marketing...
UK MPs launch inquiry into the impact of ‘fake news’
The Committee notes that the public has moved away from traditional sources of news, like newspapers and TV bulletins, and are now getting their updates via social media, where it can be hard to verify the source of the story and the veracity of its content. Facebook, Twitter and Google may be asked to play a more active role in addressing the spread of fake news, but the inquiry will also take into account whether their marketing...
