Apple spends $1 billion on manufacturing jobs in the US

Worse still, FactSet reported that analysts were, on average, estimating sales of 52.27 million units for the quarter.

Revenue from China was down 14% year-on-year.

He visited India a year ago and met prime minister Narendra Modi; Apple's senior vice president of worldwide marketing, Phil Schiller, visited last quarter to inaugurate a developer centre. The Apple share price fell 1.5% following the Q2 release, and in my view its limited pullback is at least partly down to an anticipation that iPhone sales will pick up once the 10 anniversary edition is launched.

Chelsea manager says his players deserve Premier League title
ARSENAL MANAGER Arsene Wenger questioned Chelsea's style as Antonio Conte's men close in on the Premier League title. Because I saw in this season that he put himself in this team in every moment, if he played or didn't play.

Bullish on India, Apple CEO Tim Cook has said that the USA tech giant was bolstering its presence in India's "underpenetrated" market to tap the huge growth opportunities in the fast-growing economy amidst improving 4G network infrastructure.

Analyst Ipek Ozkardeskaya from London Capital Group said that increased competition was having an effect on Apple's quarterly figures.

Apple on Tuesday announced its second quarter financial results which sparked some disappointment in the market, mainly due to a slowdown in sales of its flagship product, the iPhone and despite a slight increase in its overall profits.

White House plays down Trump's praise of Australian health-care system
Mr Turnbull would only offer limited details about his bilateral meeting with Mr Trump, but said they did talk about immigration. Earlier, Mr Trump, with Mr Turnbull sitting next to him on the USS Intrepid in NY , told reporters, "We get along great".

Typically, the firm hasn't coughed on how many Apple Watches it has sold, but said on its earning call that sales have doubled year on year.

During the quarter, Cupertino sold 50.8 million iPhones, down slightly from the 51.1 million sold in the second quarter of FY 2016. Profit was $11.03 billion, which is up from $10.5 billion previous year. "With the iPhone showing sustained growth, and Services again showing robust growth, we still look forward to an iPhone 8 super cycle". "As such, we see material potential for Apple's Services with growth being driven by the App Store, an inflection in Apple Music revenues, and iCloud". The Apple share price has, of course, benefitted from improved investor sentiment. So, we're putting a lot of energy in, just like we have in other geos that eventually wound up producing more and more.

Apple CEO Cook Discloses $1 Billion Advanced Manufacturing Fund
Revenue for the quarter came in up to $52.9bn (£40.8bn), a 4.5 per cent increase from the same period a year ago . Off the back of Apple's earnings, JPMorgan has distributed its latest analyst report on the company's outlook.

Recommended News

  • South Korea: Moon vows to address North Korea, broader tensions 'urgently'

    The North's increasing threat may make the USA less tolerant of policy differences with Seoul than in the past, he said. In one of his first acts as president, Moon spoke by telephone with Chairman of the Joint Chiefs of Staff Lee Sun-jin.
    Fury: I can beat AJ with one arm tied behind my back

    Fury: I can beat AJ with one arm tied behind my back

    We all saw (his career) had a life and death situation against Klitschko, but Klitschko couldn't land a glove on me", Fury said. Despite all the issues Fury is going through, Hearn said that if there was a possibility to make the fight happen they would.
    Goldman Sachs Group Inc Reiterates

    Goldman Sachs Group Inc Reiterates "Sell" Rating for Centrica PLC (CNA)

    ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Markets Daily and is the property of of Markets Daily. Over the last 30 and 90 trading days the company share price has increased 118 points and increased 27.5 points respectively.
  • Teen free Wendy's nuggets tweet sets new record

    Stunned by his new-found fame, Wilkerson told The New York Times he had simply wanted to beat his own record of a dozen retweets. According to the website , all proceeds from the merchandise sales will be donated to the Dave Thomas Foundation for Adoption .

    Federal Reserve Leaves Interest Rates Unchanged

    What's more, inflation fell for the first time in more than a year in March, while consumer spending numbers were flat. The weak consumer spending and subsiding inflation pressures did little to change expectations of a rate hike in June.
    FBI's Comey defends Clinton email probe announcement, but feels 'nauseous'

    FBI's Comey defends Clinton email probe announcement, but feels 'nauseous'

    And he said the FBI does not expect to have anything to say about the Russian Federation investigation until that one was over. And as in the Clinton investigation, the FBI has refused to talk about what it has found.
  • 'The Gifted': Fox Orders Marvel X-Men Drama to Series

    'The Gifted': Fox Orders Marvel X-Men Drama to Series

    With a hostile government on their heels, they're forced to join an underground network of other mutants in order to survive. The sneak peek showcased a few scenes from the show, and promised a full trailer on May 15, 2017 .

    Protesters march in Venezuela, destroy Chavez statue

    National guardsmen have repeatedly fired tear gas and rubber bullets in more than a month of anti-government protests. Opposition leaders say the constituent assembly is a biased mechanism created to keep an unpopular leader in power.
    China says Silk Road plan is not tied to presidency

    China says Silk Road plan is not tied to presidency

    He will witness the signing of a number of agreements during his visit to China. Beijing had sent a draft proposal on OBOR to Nepal late previous year .
  • 14 million American jobs are on the line — Messing with NAFTA

    14 million American jobs are on the line — Messing with NAFTA

    He had decided, he said, to instead reward Beijing for helping deal with a belligerent North Korea. The U.S. dollar dropped 0.6 percent on its Canadian counterpart and 1 percent on the peso.

    Former official says she warned White House about Flynn

    In her testimony , Yates said that she had called McGahn the Monday after they met to tell him the material was ready to review. Flynn, a retired Army lieutenant general, emerged in 2015 as a strident critic of the Obama administration, which fired him.

    Nicola Sturgeon rejects 'ludicrous' claims Tory surge could stop referendum bid

    The results are in and the Local Government outcomes in Scotland, Wales and (much of) England are no great surprise. The Liberal Democrats, like the SNP, held steady, while the Scottish Greens will be pleased with modest gains.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.