By Ravi Bala: It is a given that the iPhone will have a “major” upgrade and that new products will be unveiled. One thing people will attempt is to profit quickly from the event. Let’s be realistic. The only thing you will gain is huge volatility and a stomach ache should the price blip in a direction you were not expecting in a futile attempt to make […]
A broker monitors stock prices on a screen at the Saudi Investment Bank in Riyadh. Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year. Reuters The Wall Street Journal lists the top 10 companies by market value that might interest foreign investors once the market is opened up for direct […]
Dubai’s next big one is the Apple store. Neil Churchill of EDGAR has the story. US-based tech giant Apple will open its biggest store in the world at Dubai’s Mall of the Emirates, EDGAR can exclusively reveal. After regional media picked up on UAE-based job advertisements by the Californian company, we have insider knowledge that the Majid Al Futtaim owned mall will become home to Apple’s first flagship in the Middle East. Our […]
|By K Raveendran| The Chinese presence in the UAE, Gulf and the Middle East is well-entrenched, with China becoming almost a byword for manufacturing, engineering, construction and supply of any kind of goods. Over the years, China has also built up a global footprint for its consumer electronics industry, where the ingenuity of its people to come up with cheaper versions of the most sophisticated products not […]
By Steve Guenette: On August 6 Bloomberg reported that the Chinese government has excluded certain Apple (NASDAQ: AAPL) products from being bought with public money because of security concerns, this according to government officials who asked to not be identified because the information is not supposed to be public. This move by the Chinese government should come as no surprise, as Apple is just one in a […]
ByGary Morton: When companies engage in share repurchase activities that change the number of outstanding shares in a meaningful way, it can cause common measures of value to become less than fully representative of actual results. In such situations, the manner in which the financial community calculates trailing twelve month (TTM) earnings per share (EPS) and the resultant price to earnings (PE) multiple, yields metrics that are […]
ByMichael Blair: There are three keys to long term success in maturing markets. Market share, market share and market share. This axiom is as old as the study of economics. Sidney Shoeffler at General Electric kicked of the Profit Impact of Marketing Strategy (PIMS) studies in the 1960’s, subject of very good read by Tom Peters and Nancy Austin. The extensive study was carried out through 1983, […]
Energy companies are taking their controversial fracking operations from the land to the sea — to deep waters off the U.S., South American and African coasts. Cracking rocks underground to allow oil and gas to flow more freely into wells has grown into one of the most lucrative industry practices of the past century. The technique is also widely condemned as a source of groundwater contamination. The […]
ByMark Hibben: On September 9, Apple (NASDAQ:AAPL) is widely expected to unveil two new iPhones, one with a larger ~4.7 inch screen and a “phablet” version with a 5.5 inch screen. The introduction of two completely new iPhones at the same time will mark a departure from the Jobs era of focusing on “just building the best device” to a more mature strategy of product diversification. Whether […]
by Christopher Morris Apple’s next generation flagship smartphone should hit the stores in early October After months of speculation, rumor and leaks, it finally seems that the iPhone 6 may be about to be unveiled. The Wall Street Journal is reporting today that Apple will unveil its next-generation smartphone at a special event on September 9. Apple follows typical strategy Although Apple Inc. (NASDAQ:AAPL) is currently declining […]
|Dianne Depra|Tech Times| A couple of days shy of closing its acquisition of the company, Apple is reportedly laying off 200 employees from Beats Electronics. Job cuts are standard in mergers and it looks like Apple is not taking a different route. In the latest round of tech company layoffs, Apple will be doing some restructuring and 200 positions are in its line of sight. Like any effort […]
By Kofi Bofah: Last June, BlackBerry (NASDAQ: BBRY) CEO John Chen first revealed the Passport phone at the company annual general meeting at Waterloo. Originally codenamed Windermere, the Passport is scheduled for official showing at a launch event in London this September. Already, the optimistic Chen has argued that the Passport will reclaim original BlackBerry customers lost to the iOS ecosystem. Going forward, however, the initial optimism […]
|By K Raveendran| Is the ‘irrational exuberance’ man at it again? Allen Greenspan, whose description of the state of the market during the course of a nondescript banking speech in 1996 presaged a bubble burst three years later, has spoken out again. The former Federal Reserve Chairman has in a TV interview suggested that the ‘extraordinary esteem’ in which dollar is held around the world may not […]
Samsung Electronics, the global leader in mobile-phone sales, is being outflanked in the two biggest markets by newcomers catering to domestic tastes. Xiaomi Corp. became the largest smartphone vendor in China during the second quarter, while Micromax Informatics Ltd. topped Indian mobile-phone shipments, according to data from research firms this week. In both cases, Samsung fell to No. 2. Earnings and shipments at Samsung are shrinking as […]
By Vikas Shukla Apple Inc. (NASDAQ:AAPL) stock has rallied more than 44% over the last 12 months. Despite its strong performance, Bernstein Research senior analyst A.M. Sacconaghi believes that the stock remains relatively inexpensive. Its EV/FCF multiple is just 9x, in line with Western Digital Corp (NASDAQ:WDC) and Lexmark International Inc (NYSE:LXK), which are currently facing questions about secular outlook for their businesses. Apple stock worth $121 […]
ByBlack Coral Research: By Clinton Holmes Seriously, when I first saw AT&T’s (NYSE:T) dividend yield was above 5%, I couldn’t believe it. AT&T is a long-standing proven company. Over the last two decades, AT&T has had multiple periods of explosive growth. The first period of growth came between 1995 and 2005 when revenue and net income almost tripled due to the activation of AT&T’s mobile infrastructure. T […]
BlackBerry Ltd said on Thursday its popular messaging system BBM, or BlackBerry Messenger, would now be open to those using the Windows phone platform, a move that potentially makes the messaging service more appealing to its enterprise clients. BlackBerry, which is seeking to reinvent itself as a more software and services driven company as its smartphone market share has dwindled, has been lately touting new BBM features […]
A view of southwestern Syria in late April, from an Israeli lookout post in the Golan Heights. Israel has placed soldiers in the Golan to stand guard against any Syrian attack. Nicholas Casey/The Wall Street Journal GOLAN HEIGHTS—Each morning after sunrise, soldiers from the Israel Defense Forces stand on a hill and look into their binoculars over two parallel fences topped in barbed wire that stretch out […]
Apple Inc on Monday took the wraps off mobile applications that pool and analyze health and home data, kicking off an annual developers’ conference lacking in big surprises, despite hopes the iPhone maker would offer a glimpse into its secretive pipeline of products. Apple Chief Executive Tim Cook and software-engineering boss Craig Federighi told several thousand developers about new features that come with the latest “Yosemite” Mac […]
ABU DHABI // Yas Marina Circuit is looking to stage major international charity events after staff visited New York to gain ideas from a major run there. Officials from the track visited the Big Apple last month to attend the city’s UAE Healthy Kidney 10K road run and learn about staging the best in community fitness programmes. The annual Healthy Kidney event, a tribute to the founding […]
The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters, a source familiar with the matter said. Federal investigators are looking into whether Mickelson and Walters may have traded illegally on private information provided by Icahn about his investments in public corporations, the source told Reuters, […]
Sour gripes: Gwyneth Paltrow’s lament has won little support from Angelina Jolie, above Photo: Getty Images Cat fight! Angelina Jolie has gone head to head with Gwyneth Paltrow; which would be pretty much every man’s brunette-on-blonde fantasy, were it not for the fact that one is so skeletal and the other so skinny that there’s a genuine risk their A-list bones might splinter into a million tiny […]
Venture capitalist Chamath Palihapitiya, the former Facebook VP of growth for mobile and international, has criticized Apple’s strategies, saying the company is “screwed.” Palihapitiya, however, has a lot of praise for Facebook and Google.(Photo : Getty Images) Venture capitalist Chamath Palihapitiya says that Apple has lost its “mojo,” compared with the overall better jobs being carried out by tech rivals Facebook and Google. Palihapitiya, who describes himself […]
Apple’s blockbuster acquisition of Beats Electronics isn’t for technology. It’s for the talent. Apple reportedly wants music industry heavyweights Jimmy Iovine and Andre Young a.k.a. Dr. Dre on its executive board.(Photo : Beats Music) Apple’s rumored $3.2 billion acquisition of Beats Electronics is still happening, even though sources say the deal almost did not pull through several times, because Apple wants Jimmy Iovine and Dr. Dre on […]
