Samsung has today announced its financial results for the fourth quarter of 2012, which slightly exceed the estimations that were set by the Korean company earlier this month. It recorded an operating profit of 8.84 trillion won (approx. $8.27 billion) during the three-month period, on 56.06 trillion won (approx. $54.45 billion) in revenue. That’s a 10% increase in profit over the previous quarter, and a whopping 89.3% increase in profit over the fourth quarter of 2011.
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If you’re really into investing and the stock market and all that fun, heart-wrenching stuff, then now might be a great time to buy some Apple stock if you believe Disney’s CEO Bob Iger knows what he’s doing.
On Monday, Iger bought $1 million worth of Apple shares, according to documents filed with the SEC. Along with being the CEO of Disney, Iger is also on Apple’s board of Directors. But he’s not just buying Apple stock; he’s ditching his Disney stock while he’s at it.
Despite posting one of their most profitable quarters ever, Apple’s stock (AAPL) has taken a dive over the last two months. It’s been down nearly 25% from it’s recent highs and some analyst have said that the stock is great buy right now.
This morning, Brian White from Topeka claimed that the sell-off in Apple’s stock over the past weeks has been “insanely insane” given how Apple is poised to have a record breaking holiday quarter. Since making his claim, Apple’s price has jumped up 5% today.
When Hurricane Sandy left millions of people across the East Coast of the United States without electricity, portable, battery-powered devices like smartphones and tablets were all they had to rely on. Not only did they provide a means of entertainment, but they also allowed those affected by the storm to follow the latest news and weather information.
With that being the case, Sandy had some interesting effects on app statistics. Compared with the preceding week in New York City, use of navigation apps more than doubled, while those in the finance category saw a 74% boost. Photography and news apps also became more popular, while, surprisingly, weather apps remained closed.
The iPhone 5 has been a sell-out since it went on sale on September 21, and it’s still incredibly difficult to get hold of in some markets even a month later. With five million units sold, it’s the fastest-selling iPhone to date, so it’s no surprise one analyst is predicting that iPhone sales could be even better than originally expected.
Verizon announced its financial results for the third-quarter of 2012 today, and it has some impressive figures when it comes to the iPhone. The carrier sold more than 3.1 million iPhones in total during the three-month period, which is around 400,000 more then it sold during the second quarter. 21% of those were the new iPhone 5, according to Verizon, which translates to around 650,000 sales in less than a month.
Apple has a cash hoard that is worth more than one hundred and ten billion dollars, but that money doesn’t just sit in a bank collecting interest. Apple invests it, using a Nevada-based asset management corporation called Braeburn Capital. And it might just be the world’s largest hedge fund.
Can the iPad help finance, wealth management, and corporate banking companies rebuild a sense of trust with their customers after the global financial crisis? According to the analysts at Ovum, the answer is yes.
Analysts at the research firm released a note this week noting that the iPad (and tablets in general) is a perfect tool for the industries, which are often dominated by in-person “face-time” meetings.
Some folks just aren’t all that great with money. For some it’s because it’s just not something that’s fun to do. They have all the knowledge and understanding, but it just a boring bit of drudgery that they can’t be bothered to give it the care and attention it deserves. Perhaps if it was more fun to deal with, it’d make things a whole lot easier – and better.
Enter Cult of Mac Deals…and Toshl Finance Pro.
This simple and intuitive web-based application (and mobile app) is a personal financial assistant that, believe it or not makes finance fun. It helps you note down your expenses and income, and plans your finances with detailed budgets so you can be on-top of every penny. And Cult of Mac Deals has an offer for a one-year license of Toshl Finance Pro for only $10 – which is worth more than every penny.