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Apple diehards celebrate Vision Pro launch, but what about sales?
Proactive Investors· 2024-02-05 14:23
Apple Inc (NASDAQ:AAPL, ETR:APC) diehards celebrated the Friday launch of the new Vision Pro spatial computing headset in various ways, from being arrested for illegally using it while driving, to sharing an augmented reality meal with friends. Think different. #applevisionpro pic.twitter.com/dEALUsntS8 — Dante (@lentinidante) February 2, 2024 User reviews have cut a similar theme: The Vision Pro is a technical marvel, with some serious limitations. The single greatest piece of tech of all time? Some would ...
Caterpillar hits high after profit jumps on stronger sales
Proactive Investors· 2024-02-05 13:59
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
Boeing gets 'last chance' warning from Emirates over failings
Proactive Investors· 2024-02-05 10:00
Boeing has been warned by one of its largest customers that it is the ‘last chance saloon’ due to its recent spate of mechanical failures. Tim Clark, the head of Emirates Airline, told the Financial Times that he had seen a ‘progressive decline’ in the airline’s performance and that it would be sending engineers to monitor the plane maker’s production lines. Last week. Boeing’s chief executive, Dave Calhoun acknowledged customers were angry after the recent incidents, adding “We will work to earn their conf ...
Exxon Mobil and Chevron defy market challenges with strong 2023 earnings
Proactive Investors· 2024-02-02 16:36
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Bristol Meyers Squibb, AbbVie top 4Q sales and profit estimates
Proactive Investors· 2024-02-02 16:32
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Zuckerberg overtakes Gates as Meta value soars by more than US$200bn
Proactive Investors· 2024-02-02 16:06
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB). added more than US$200bn to its value as investors rushed to buy the Facebook owner following its stellar numbers overnight. In several landmarks, Meta’s value soared comfortably past US$1trn, it surpassed Nvidia as the best-performing tech stock in 2024 and boss Mark Zuckerburg overtook Microsoft’s Bill Gates on the global rich list. Underlying why investors love tech stocks, last night Meta announced its first-ever dividend payment as it demolished Wall ...
Intel delays $20B chip facility project in Ohio
Proactive Investors· 2024-02-02 15:08
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Barclays takes leap of faith in Zegona's Vodafone Spain takeover
Proactive Investors· 2024-02-02 14:12
There is a “clear opportunity for value creation” in Zegona Communications (LSE:ZEG)' acquisition of Vodafone Spain, reckon equities analysts at Barclays PLC (LSE:BARC). However, the ambitious, highly leveraged €5 billion deal, which was signed off by the European Commission this week, is not without its challenges. Yes, Vodafone Spain has a 17% grip on service revenues and significant shares in broadband and consumer mobile postpaid sectors, but its market influence has waned over the years. New entrants a ...
Nasdaq to leap as Meta and Amazon fly ahead of jobs report
Proactive Investors· 2024-02-02 12:06
About this content About Jeremy Cutler Jeremy has worked extensively in the world of financial journalism as a reporter at ICV News, deputy editor at S&P Marketscope and as a senior reporter for Thomson Financial’s Marketeye. A qualified accountant, former finance director and with a degree in Economics, Jeremy is well placed to analyse and explain the ups and downs of UK, European and US stockmarkets in Proactive’s daily market report Read more About the publisher Proactive financial news and online br ...
Apple results: China and iPhone sales cast shadow over Cupertino
Proactive Investors· 2024-02-02 08:33
Cupertino megacap Apple Inc (NASDAQ:AAPL, ETR:APC), the newly instated second-largest company in the world after losing the top spot to Microsoft, highlighted the good and the bad in its first-quarter results for the three months ending December 30, 2023. Devices revenues were definitely the weak link. In a quarter starting a few days after the launch of the iPhone 15, iPhone sales increased 7% year on year, with Mac sales inching 1% higher. These comparatives were particularly underwhelming considering the ...