Apple’s December quarter results were a little better than expected after the dramatic warning of January 2, but the company’s outlook for the current March three month period fell short of forecasts with a possible shortfall in revenue of up to $US6 billion.
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Could this be the decisive week for US 4th quarter earnings and perhaps the immediate outlook for the American economy, even though President Trump threw in the towel on the weekend and called off his government funding shutdown?
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American telco, Verizon had dreams of competing with Google, Facebook, Apple and Amazon in the digital powerhouse zone, but failed to turn its two big purchases, AOL and Yahoo into growing businesses.
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Telstra, Optus and TPG/Vodafone were the winning big bidders in the latest auction of Australia’s new 5G mobile network spectrum which raised $853 million for the federal government.
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At the third attempt in five days, Microsoft has finally regained the mantle as the world’s most valuable company from Apple.
Read MoreFor the second time in as many days, Microsoft has briefly regained the mantle as the world’s most valuable company from Apple.
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From ‘fake ads’ to top-secret governments to SMEs, ASX-listed cyber security providers are tackling the problems in very different ways.
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Fintechs, especially if big tech gets serious about finance, are likely to peck away over time at the oligopolistic industry structures protecting savings banks due to two key advantages.
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New Zealand based but ASX-listed accounting software group, Xero continues to run up losses as it builds more sales and subscribers.
Read MoreApple is no longer a $US1 trillion company – in fact, at Monday’s close it is now a $US958 billion company – and its rival and brief fellow member of the trillionaire club, Amazon is now just a $US814 billion company.
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On Monday my favourite number one stock – MGM Wireless (MWR) – released two market announcements that continue to reward shareholders and hopefully many of the readers of this column, after I have repeatedly urged all to buy since early this year.
Read MoreApple’s market value unofficially fell under the $US1 trillion level in after-hours trading on Friday as investors continued to sell off the stock in the wake of the weak December quarter outlook.
Read MoreNow that’s not what the market really wanted to hear from Apple in its Q4 earnings report and outlook for the crucial December shopping period, no real growth in sales and at best a marking time.
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Facebook shares swung wildly in after-hours trading Thursday Sydney time after the social media giant reported a mixed set of quarterly figures showing a solid profit, but weaker than expected revenues.
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Shares in the online retailer, Kogan.com slid 33% yesterday after it revealed a sharp fall in sales of global brands in the first quarter of the new financial year.
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Apple’s quarterly results will dominate markets in the US and around the world this week with a lot at stake – including its continuing role as America’s (and the world’s) most valuable listed company, not to mention the impact of the report on fragile investor sentiment.
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Don’t rely on the forthcoming tech stocks reports to steady the ship on Wall Street. At best they might force investors to think again if the numbers are above estimates.
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October is shaping up to be a brutal month for shares with the S&P falling 8.9% month-to-date, the Dow down 7.1%, and the Nasdaq falling 11.7% since the start of the month.
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All being well, Wall Street should open solidly overnight Wednesday after Netflix shares soared in after-hours trading on Tuesday after it signed up 40% more subscribers than forecast in the three months to September and quarterly revenue hit a new high.
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While not as sexy and almost ubiquitous as FinTech, Education globally is still a huge industry. Here are 3 ASX microcaps which all listed in FY18 and are operating in Edutech.
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If there’s a clear winner from the murky swamp of revelations uncovered by the banking royal commission, it’s the provider of independent administration and investment platforms for the financial advisory industry.
Read MoreYour life is being made easier by artificial intelligence (AI), and you probably haven’t even noticed. AI and robotics are revolutionising fields from medicine to agriculture, and nearly everything in between, in ways that most people have never considered.
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China is achieving AI milestones in voice recognition, autonomous driving and manufacturing robotics. The country is amassing databases that no other country can for algorithm-based analysis, while ‘localising’ and directing them to where they might be most beneficial.
Read MoreGoogle doesn’t want you only associating them with “Googling” something anymore.
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Where does the US café chain Starbucks have the largest of its 28,200 company-owned and licensed outlets that are found in 76 countries? In Shanghai, China.
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Believe it or not, a motion to the European parliament recommends that autonomous robots be deemed “electronic persons”. The motion for resolution suggests that self-learning robots, those that make independent decisions and interact freely, be held to have an “electronic personality”.
Read MoreAfter listing publicly on the ASX in January, BlackEarth Minerals (ASX: BEM) have moved quickly on their maiden project with the first round of assay results returning ‘high grade’ classification from their 100% owned Maniry Project in Madagascar. “The Company is very pleased with these results as it places the Project in the ‘high grade’ category of global graphite developers,” said BlackEarth Minerals Managing Director Tom Revy.
Read MoreShockwaves were echoed last week at the Volkswagen annual shareholder meeting when it was announced that the German carmaker had signed orders for $48billion (USD) worth of electric vehicle batteries.
Read MoreArguably, nothing. But arguably, everything. It could be argued that Netflix means nothing for Australian television viewers – all programming is already available free, stolen or bought – and yet…
Read MoreIt wasn’t that long ago that mobile phones or even the internet didn’t exist. It and wasn’t that long ago that Nokia did, Eastman Kodak and Digital Equipment Corporation did, in the sense of being top 100 companies.
Read MoreDigital disruption has emerged as a key investment theme, with many companies offering investors a play on the technological advancements that are transforming certain industries. Astute investors stand to benefit from the significant change occurring as a result. With the significant upheaval that has occurred in the digital entertainment space, music, television and film streaming are particularly interesting.
Read MoreInvestors considering taking up the NAB 2-for-25 rights issue need to consider just one thing – whether they want to increase the absolute level of their investment if in their portfolio they are already heavily exposed to Australian banks.
Read MoreThe incredible scalability of the business models of some technology companies can lead to phenomenal returns for investors.
Read MoreIn my last article I responded to an interview in Vox with Marc Andresseen where he lamented that, in spite of a historic gold rush in technology companies, the IPO is dying in the United States due to zealous over regulation of the likes of Sarbanes Oxley.
Read MoreMarc Andreessen recently lamented the death of the IPO in the United States, blaming over regulation and short sellers as the reason why the general public no longer gets to share in the spectacular capital returns that earlier technology stocks like Microsoft and Amazon delivered.
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