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Apple registered a 20% drop in the sales of its flagship iPhone smartphone during Q4 2020. Probably, enthusiasts have been waiting for the release of the latest flagship iPhone 12 5G, announced earlier this month.
Volatility has once again ensured the stock markets which are facing a double whammy with the rising coronavirus cases on one end and the halting stimulus talks. Markets are losing confidence with a gloomy outlook ahead.
According to the latest analysis, major U.S. equity benchmarks Like Dow Jones recorded a decline of 180 point. This decline has been linked to the 83,000 new coronavirus cases recorded in Sun Belt State over the weekend.
As per the market estimates, the Jack Ma-backed Ant Group will list its shares at the Hong Kong and the Shanghai STAR at 69 yuan per share price. This could further boost Shanghai’s status as the fastest ever-growing market in the world.
During the fiscal third quarter that ended on September 26, Intel reported $1.11 EPS on an adjusted basis with a revenue of $18.33 billion.
Sources familiar with the matter said that the two companies are currently holding talks and could make an announcement soon. The acquisition is likely to give PayPal a major lead in the crypto trading market going ahead.
It is unclear whether the volunteer took the vaccine dose or was in a placebo group. AstraZeneca has not provided much information but said they followed all required review processes.
The third-quarter results are impressive. Tesla generated $8.771 billion in revenue, which marks a 39% growth year-over-year.
In the future, PayPal plans to work with global central banks to further tap on digital assets’ capabilities.
While Netflix managed to add fewer than expected subscribers during Q3 2020, it still clocked a higher-than-expected revenue. The Asia Pacific region contributed to a large subscribers’ addition during the last quarter.
After fresh talks on Tuesday with Secretary Steven Mnuchin, Pelosi said that she’s “optimistic” about the stimulus aid. The market has been closely watching the development as analysts eagerly await a fresh stimulus to boost economic recovery.
The move by Spain and France to tax the digital services provided by U.S. top firms can push the United States to do the same.
During this year’s Amazon Prime Day, the company was focused on supporting small and medium-sized businesses.
The drop in Dow Jones, as well as the S&P 500 among others, draw its uncertainty from fears of the obvious stalemate in the long-expected coronavirus stimulus package.
The iPhone 12 brings the much-awaited upgrades in terms of design and features a wide range of next-generation 5G carriers supported across the globe. Analysts say that iPhone 12 will help Apple usher the next growth cycle.