By Cody Lee on Jul 8, 2014
Samsung today issued its earnings guidance for the second quarter of 2014, and in somewhat of an odd move, it attached a note to the document explaining why it will fall short of estimates. The company expects to see its profits drop for the third consecutive quarter.
The note details a number of factors, including the improving strength of the Korean won making exports more expensive, and exceedingly sluggish tablet sales. It also explains that it is running into greater competition in China from low-end device makers like Xiaomi… Read More
By Sébastien Page on Jun 30, 2014
Apple just announced via its Investor Relations portal that the company will be discussing financial results of its third fiscal quarter on July 22nd, during a conference call starting at 2:00 p.m. PT / 5:00 p.m ET. Based on past behavior, it is safe to assume that Apple will be publishing a press release with all relevant financial information a few minutes prior to the call’s beginning.
During the conference call, Apple will discuss basic sales numbers and financials for its line of products, but don’t expect them to reveal anything about future products. We will of course be on deck to report any information that might be relevant to our readers… Read More
By Lory Gil on Jun 17, 2014
We’ve reviewed a number of personal finance apps in recent months, especially since the launch of iOS 7. One complaint I’ve heard is that many of the new app designs look too cartoonish or childlike.
Spendbook – Personal Finance Tracker is a comprehensive budgeting app that doesn’t look like a candy shop. Instead of a white background with pastel colors, you’ll be tracking your spending with a dark themed app that won’t make you feel like you are looking at a coloring book… Read More
By Christian Zibreg on Jun 9, 2014
As promised during Apple’s most recent earnings call, the Cupertino, California headquartered consumer electronics powerhouse is set to open on Monday at $92.22 a share as the company puts forth its plan to split stock, its fourth stock split to date.
All common stock owners will receive six additional shares for each share in existence. As a result, the value of each individual share will drop accordingly, but the value of their total holdings will not. Read on for the full reveal… Read More
By Lory Gil on Apr 27, 2014
When you are self-employed, run your own business, or get sent out of town for work, keeping track of what you spend is very important. If you don’t report how much money you spent on a cup of coffee to keep you awake during that presentation, you won’t be reimbursed for it later.
Whether you file a 1099 each year, are a member of the Frequent Flier Club, or only travel once or twice per year, we’ve got a list of the best expense tracking apps for iPhone that are perfect for work-related travel and business-related finance… Read More
By Christian Zibreg on Mar 28, 2014
Demand for Apple’s latest products is as strong as ever, it would seem. After reporting sales of 51 million iPhones and 26 million iPads during the lucrative holiday quarter, as a result Apple’s key contract manufacturers – Foxconn and Pegatron – are seeing a nice rise in their earnings, too.
Pegatron, the primary manufacturer of the iPhone 5c and iPad mini, last week reported a cool 22 percent annual rise in earnings attributed to strong demand for mobile products. Apple is responsible for as much as 40 percent of Pegatron’s business so the manufacturer’s fortunes are closely tied to the iPhone maker’s.
As for Foxconn, they reported a 13 percent rise in net profit today. Foxconn is the world’s top contract manufacturer and Apple’s lead supplier… Read More
By Christian Zibreg on Feb 10, 2014
Controversial activist investor Carl Icahn continues to aggressively purchase shares of Apple while insisting that the company increase the size of its share buyback program. His proposal for a $50 billion buyback has been met with resistance by proxy advisory firm Institutional Shareholder Services (ISS) which now recommends voting against the plan.
ISS argues that the Apple board has already returned the bulk of its U.S.-generated cash to shareholders through the company’s aggressive stock buybacks and dividends payouts. As a result of large institutional investors siding with Apple, Icahn has withdrawn his proposal… Read More
By Christian Zibreg on Jan 6, 2014
According to the Apple Investor webpage, the company will hold a conference call on Monday, January 27, to discuss financial results of its first fiscal 2014 quarter. The call is scheduled at 2:00pm Pacific / 5pm Eastern Time.
Apple typically announces quarterly earnings via a press release issued half an hour ahead of these calls and we’ll be providing around the clock coverage to make sure you’re up to date on all matters concerning the company’s business metrics.
The upcoming earnings report should be interesting on many levels as it will cover the all-important holiday season sales data for the iPhone 5s/5c, the iPad Air and iPad mini with Retina display… Read More
By Lory Gil on Nov 27, 2013
As of Friday, Nov. 29, the U.S., and much of the industrialized world, will go on a month-long spending spree that will break their budgets, put them in debt, and help the economy grow, all at the same time.
We have a list of the best personal finance apps for iPhone that we think might be helpful to you this holiday season. If you are living from one paycheck to the next, you might need one of these helpful budget trackers… Read More
By Christian Zibreg on Nov 6, 2013
Since the iPhone’s inception, Yahoo has been Apple’s exclusive provider of weather and stock market data in iOS. While I’ve never been a big fan of Yahoo’s Finance app for the iPhone and iPad, I prefer to keep tabs on stocks on the Yahoo Finance website, as opposed to Google Finance.
I’ll be changing my mind, however, as the Internet giant has at last given the iOS app a thorough overhaul while adding new features such as notifications for stock price changes, so it now feels right at home in iOS 7… Read More
By Lory Gil on Oct 9, 2013
Keeping track of your stocks can be a burden if you are using Apple’s native Stocks app. You can see increases and decreases from the day’s opening, but figuring out how much you’ve made or lost takes additional time, and usually a calculator.
Shares 2 gives you a simple and elegant view of the companies you’ve invested in, plus gives you an overview of how much money you’ve made or lost overall… Read More
By Lory Gil on Oct 3, 2013
Expense tracker apps are all the rage right now. I guess it is because they look so good on iOS 7, with their flat design and colorful accents. They sure do look better than my boring old checkbook ledger that I used to use.
5coins is a very simplistic expense tracker that helps you take note of your daily spending habits… Read More
By Lory Gil on Oct 2, 2013
Depending on the kind of person you are, keeping track of your finances is either as easy as tying your shoes, or harder than remembering your great aunt’s birthday.
Dollarbird makes it possible for you to plan your monthly budget and keep an eye on your daily spending to help you avoid the dreaded “overdrawn” letter from the bank… Read More
By Lory Gil on Jul 31, 2013
If you have ever found yourself short on cash, or even worse, overdrawn, because you forgot about a recurring automatic payment, then you could use a friendly reminder to help you keep track of upcoming debits to your account.
Expense Planner does just that. You can add an upcoming expense, set a date to be reminded, and forget about it until later… Read More
By Sébastien Page on Jul 25, 2013
Philip Elmer-DeWitt, writing for Fortune:
Last quarter, Apple finally made a major acquisition. And what did it buy?
It bought Apple.
By my calculation, the company spent $16 billion last quarter ($4 billion in cash, $12 billion through the so-called accelerated share repurchase program) to purchase 36 million of its own shares at an average price of just over $444.
For that amount, Apple could have bought three Nokias or three BlackBerrys… Read More
By Lory Gil on Jul 24, 2013
Some people like to track their income and expenses in very detailed and comprehensive spreadsheets. They are usually great with money and probably have a stock portfolio. Some people are constantly over budget and can’t figure out why. They have probably overdrawn their account after purchasing a candy bar at least once in their lives.
If you are the type of person who lives paycheck to paycheck and hate the idea of sitting down everyday figuring out where you money is (or should be) going, Spendee is the perfect finance app on to keep you in check without boring you with the details… Read More
By Christian Zibreg on Mar 6, 2013
With Apple’s market capitalization having fallen below the $400 billion mark, the first such drop since January 2012, many armchair analysts are observing on Twitter and elsewhere a worrying correlation between stock prices of Apple and its chief rivals Google and Samsung. Looking at the period from Apple’s September 2012 peak, each time Apple went down, Google and Samsung seemingly rose.
And with this weird correspondence between Apple’s lows and Google’s and Samsung’s highs, some analysts are calling the Internet giant “the next Apple”, estimating that Google is on its way to join the $1,000 a share club. What a difference a few months make: one analyst in April 2012 said Apple would become the world’s first $1 trillion company. While Apple’s pain = Google’s gain, luck in the stock market changes quickly… Read More
By Christian Zibreg on Feb 1, 2013
Look, these things are not the be-all, end-all for business performance, but obviously market capitalization reflects investors’ expectations concerning Apple’s future performance. The iPhone maker last Friday hit a 52-week low and as a result ceded its top spot as the world’s most-valued publicly traded corporation to the oil giant Exxon.
AAPL shares have slowly been recovering since and today has surpassed the oil conglomerate for a second time in after-hours trading. The Cupertino firm now leads Exxon with a $10 billion market cap difference, but is Apple’s valuation sustainable in the long run? Read More
By Christian Zibreg on Jan 25, 2013
Despite Apple’s record holiday quarter earnings, investors continue to punish the Apple stock which has took quite a beating since Tuesday’s earnings report. As the stock continues to slide, Apple on Friday hit a new 52-week low, becoming worth less than Exxon Mobil and ceding the top spot to the oil corporation.
As of this writing, Exxon Mobil was worth about $1 billion more than Apple. Though Apple was briefly ahead, Exxon has reclaimed the lead. The situation is changing by the second so we’ll have to wait until the end of trading today to see who emerges victorious… Read More
By Christian Zibreg on Jan 22, 2013
Google has just posted its fourth quarter earnings for the calendar year 2012. The Internet giant raked in $14.42 billion in consolidated revenue (versus estimates of $12.3 billion), up 36 percent annually and eight percent sequentially. Excluding traffic acquisition costs and Motorola Home, quarterly revenue was $11.34 billion, up from $8.13 billion. The firm earned 54 percent of the revenue outside of the United States, or $6.9 billion.
Quarterly net income came in at $2.9 billion, a 6.7 percent increase (non-GAAP profit was $3.57 billion, up from $3.13 billion a year before). The company surpassed analysts’ expectations on EPS, which was $10.65 on a non-GAAP basis versus the $10.54 consensus. So, even though revenue climbed substantially, profit was only up slightly.
Of note, Google’s Motorola subsidiary (excluding the home biz) lost “only” 353 million, or 23 percent of the unit’s quarterly revenue. Better batteries and impact-resistant design could be in the works for Motorola handsets. A live stream of the earnings call is included right after the break alongside other tidbits related to Apple, Maps, Nexus devices and more… Read More