Fifty billion dollars was wiped off Apple’s valuation in after-market trading on Wednesday after it published first-quarter results that spooked investors, despite lifting sales by 18% to a record US$54,5bn. The question on investors’ lips now is whether this marks the bottom of an aggressive sell-off
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Shares in Apple plunged by almost 10% in after-hours trading on Wednesday in New York after the consumer electronics company published first-quarter financial results that fell short of analysts’ expectations. Investors appear to have taken fright, in particular, at the
Expect to see a lot of machines like Hewlett-Packard’s new Envy X2 tablet/laptop hybrid on sale this year. It’s a form factor both Microsoft and PC makers are keen to bring to the market as they fight off the threat posed by Apple’s iPad and inject new energy and innovation into the PC business. It’s
South African Apple distributor Core Group has said it will begin selling the Apple TV set-top box from this Friday, at a recommended retail price of R1 099. The move comes just weeks after Apple began offering a limited selection of movies in the South African iTunes Store. The
UK music retailer HMV said this week that unless it can find a buyer, it will soon be forced to close its doors. HMV’s news comes just a week after the Virgin Megastore in France chain said it was headed towards bankruptcy. Although South Africa is a very different market
Apple is reportedly cutting orders for iPhone 5 components, possibly because of lower than expected demand from consumers for the flagship device. This is happening just as rival Samsung Electronics boasts an 89% surge in operating profit and sales of more than 100m Galaxy S devices. Where
Speculation has been mounting in recent weeks that Apple is preparing a cheaper iPhone to help it expand more aggressively in emerging markets. The rumours had reached such a point that senior vice-president of worldwide marketing, Phil Schiller, this week moved to play them down. The
If Microsoft’s nascent Windows Phone platform is going to succeed, it’s in the corporate market, where the company is already strong with its desktop and server tools, where it arguably has the greatest chance of success against rival platforms such as Google’s Android and Apple, with the iPhone. Now, its ambitions
A consumer’s choice of handset, and how they hold it, can have a huge impact on the quality of their calls and connections they experience. And, ironically, older phones tend to offer better network performance than newfangled smartphones. These are some of the findings from
Although the iPhone 5, which was launched in South Africa last month, has the necessary hardware to support the fourth-generation (4G) long-term evolution (LTE) networks being built by MTN and Vodacom, the handset won’t connect to these networks until Apple has completed its own testing of them