Researchers from the University of Pittsburgh School of Medicine in Pennsylvania, US, said in a recent paper that they have developed an “effective, low-cost...
Apple Inc. (NASDAQ: AAPL) said on Wednesday it performed better-than-expected in the fiscal second quarter. 1. Financial performance Apple reported £16.93 billion of net income in the second quarter that translates to £1.0 per share. In the same quarter last year, its net income was capped at a much lower £8.04 billion, or 45.92 pence per share. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. The American multinational valued its revenue in Q2 at £64.29 billion versus the year-ago figure of £41.83 billion. According to FactSet, experts had forecast the company to post £55.32 billion of revenue. Their estimate for per-share earnings stood at a lower 71.04 pence. 2. Sales from individual segments Apple reported £34.37 billion of iPhone sales, £5.60 billion of iPads sales, £6.53 billion of iMacs sales, £5.60 billion of wearables, home and accessories sales, and £12.13 billion of services sales in Q2. Revenue from all segments in the recent quarter was topped FactSet consensus. Earlier this week, Apple raised its U.S. spending target to £309 billion by 2026. 3. Dividend and share buyback The tech giant declared 15.79 pence per share of dividend on Wednesday – a 7% increase. The board also authorised a £64.58 billion increase in the company’s share repurchase programme. 4. Future guidance Apple refrained from giving its guidance for the current quarter on Wednesday due to the ongoing COVID-19 uncertainty. The Cupertino-based company hasn’t given guidance for revenue since the start of the health emergency. 5. CEO Tim Cook’s remarks Apple’s chief executive Tim Cook told CNBC’s Josh Lipton: “The App Store has been an economic miracle. Last year, the estimates are that there was over half a trillion dollars of economic activity because of the store. And so, this has been just an economic gamechanger
Microsoft Corp. has agreed to buy artificial intelligence company Nuance Communications Inc. for $16 billion, extending chief executive Satya Nadella's run of big acquisitions to accelerate growth in everything from healthcare to videogaming.Microsoft said Monday it would pay $56 per Nuance share, a 23% premium over Friday's closing price, in a bet on the growing demand for digital tools within healthcare. The all-cash deal is Microsoft's second largest acquisition under Mr. Nadella. The company in 2016 spent about $26 billion for professional network LinkedIn Corp. Mr. Nadella's deal making has taken off since that landmark purchase. Microsoft has undertaken more than 100 acquisitions in the past four years, according to data provider Dealogic, committing more than $26 billion not including the Nuance deal. Last year, Mr. Nadella tried to acquire parts of short-video app TikTok, before talks fell apart. Soon after, Microsoft struck a $7.5 billion deal for videogame company ZeniMax, the maker of the popular Doom franchise. Microsoft this year has held talks to acquire messaging platform Discord Inc. for $10 billion or more, The Wall Street Journal reported last month. "Over the past seven years, we've taken a
