Tag: finance

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#Apple boasts resilient #iPhone sales, despite lacklustre #iPhoneX results – an annotated infographic

E&T magazine

Hey, it turns out that Apple isn’t going to be strapped for cash after all. That’s a relief, eh? Technology giant Apple reported its best-ever fiscal second-quarter sales, despite fears that demand for its iPhone X – with a selling price starting at $999 – had begun to cool. Sales of 52.22 million iPhones were up from 50.76 million last year — a 2.9 per cent increase — confounding rumours suggesting demand for its iPhone X was in decline. Average selling prices for iPhones were $728, compared with $655 a year ago – an increase of more than 11 per … Continue reading #Apple boasts resilient #iPhone sales, despite lacklustre #iPhoneX results – an annotated infographic

Engineering, TechnologyLeave a comment

Facebook’s money machine posts $4.99bn profits – an annotated infographic

E&T magazine

While #DeleteFacebook has been trending strongly on the internet for a couple of weeks since the Cambridge Analytica personal data-raping scandal broke, the ensuing fallout doesn’t appear to have immediately impacted upon Facebook’s bottom line. The social media piranha/pariah has reported a gargantuan 63 per cent increase in profits in the first quarter of 2018, with 2.2 billion monthly active users – up 13 per cent year on year. The improper handling of data of 87 million Facebook users by Cambridge Analytica did nothing to stop the social media site posting $4.99 billion in quarterly net income on sales of … Continue reading Facebook’s money machine posts $4.99bn profits – an annotated infographic

Engineering, TechnologyLeave a comment

Bitcoin’s wild price ride – cryptocurrency craziness – an annotated infographic

E&T magazine

Bitcoin has lost more than 50 per cent of its value since mid-December, sliding amidst escalating regulatory threats, international banks blocking crypto purchases and fears of fraud and hacking. Bitcoin’s price has been on a wild ride, from about $1,000 this time last year, shooting up to over $19,000 before dropping down to its current value of around $8,000. Bitcoin is the most prominent cryptocurrency, but there are more than 1,500 others out there. Startups offer new coins, or tokens, in events known as ICOs, or initial coin offerings. Beware: between 14 to 30 per cent of ICOs are fraudulent, … Continue reading Bitcoin’s wild price ride – cryptocurrency craziness – an annotated infographic