Elon Musk To Make Public Appearance, Answer Questions On LA Tunnel Plan
BLOPS 4: Campaign out, battle royale in, Zombies expanded
Your encrypted email messages might not be that secure after all
Alexander Zverev eases past Thiem for Madrid Masters title
NASA intends to send a small helicopter on Mars
Wall Street praises Apple as tech giant becomes less reliant on iPhone
03 May 2018, 02:05 | Francis Delgado
Apple makes nearly two thirds of its money from iPhone salesDADO RUVIC REUTERS
But investors were cheered by progress elsewhere - on confirmation the company was to reward shareholders through proceeds it was repatriating to the USA following tax reforms announced by Donald Trump.
Apple bought shares worth $23.5bn in the three months to March.
But critics say the actions can take money away from potential investments in hiring or research and development, and can increase economic inequality because they typically benefit wealthier people. Analysts believe the heavy emphasis on buybacks will bolster share prices.
"As we're able to grow the services business, that should provide a positive (to margins), a tailwind", Maestri said in an interview. "The increasing installed base of iPhones is a good sign for the company, given the strong stickiness and aspiration value of the brand".
Apple bought US$23.5 billion of stock in the March quarter, and said it planned to hike its dividend 16 per cent, compared with a 10.5 per cent increase a year ago.
Apple said Tuesday afternoon it would buy back $100 billion in shares and raise its quarterly dividend 16%, to 73 cents a share from 63 cents a share. Following the completion of the transaction, the insider now owns 64,475 shares in the company, valued at $11,261,203.50. "It's an area of great interest where we think we can make a big difference", he said on the call.
And Apple plans to spend $1 billion developing original video content, although it doesn't charge for its shows on its Apple TV device.
It also was a record quarter for the company's services division, which posted revenue of more than $9 billion for the first time. Most of the number crunchers following Apple raised their target price on the stock and their estimate of iPhone sales for the current quarter. Revenue rose 16 per cent to US$61.1 billion.
Apple had a record sale of 52.2 million iPhone, although according to FactSet a firm which performs market research the sales is slightly below what has been estimated.
Oculus Go Is Up For Pre-order At Amazon
It seems likely we'll hear more about availability at Facebook's F8 conference, which begins in San Jose, California today. The standalone VR headset has a starting price of $199 for the 32GB version and $249 for the 64GB version.
Canadiens own third overall pick in June
WBFO's Mark Scott talks with our Sabres analyst Bill Hoppe about this potentially monumental weekend in Buffalo sports history. Carolina is searching for a general manager after Ron Francis was reassigned to another front-office position last season.
Browns holding 3 picks in second round of NFL draft
McGlinchey, a cousin of Atlanta quarterback Matt Ryan, spends part of his summers at the family home in North Wildwood. Carter was taken 66th overall, the second pick of the third round, by the New York Giants.
Israeli soldiers shoot dead Palestinian on Gaza border
He also called for launching an worldwide investigation "into crimes of the Israeli occupation against peaceful protesters". At least 46 Palestinians have been killed and hundreds injured by Israeli gunfire since the rallies began on March 30.
Reward offered in death of ME deputy
More than 200 law enforcement officers from Maine, New Hampshire and MA were involved in the search by land and air. "I urge Mr. Williams was considered armed and risky and officials were offering a $20,000 reward for any information leading to his arrest.
Facebook removes the middleman with its own dating feature
In the light of the Cambridge Analytica incident, the past few weeks have been troublesome for Facebook , to say the least. He added, "We think this is how a lot of people are going to experience virtual reality for the fist time".