New Apple MacBook Pro: Six things you need to know October 28, 2016 Last night Tim Cook unveiled the new MacBook Pro – the biggest refresh of its laptops since the new-look MacBook was released in April 2015. The new MacBook Pro comes in 13-inch and 15-inch variations, and is a snip at about £1,500. Here's everything you need to know: 1. RIP, F keys The traditional function [...]
Chinese search engine Baidu reports dip in revenue and warns of further declines in the fourth quarter October 28, 2016 Shares in Chineses search engine giant Baidu have dipped by 2.1 per cent in out of hours trading after the company warned that revenue would decline further in the fourth quarter of 2016. The figures Revenue dropped 0.7 per cent to 18.25bn renminbi (£2.21bn), with mobile revenue representing 64 per cent of the total during the [...]
Employee rulings in New York and London to have “staggering” impact on the likes of Amazon and Uber October 28, 2016 Amazon has agreed to stump up $100,000 (£82,000) in back-pay to a New York delivery driver whose wage packet was deducted for lunch breaks he didn’t manage to take. In a ruling many American delivery contractors will welcome coming up to Christmas, the state attorney general said the settlement will mean short-term workers are entitled to receive [...]
Amazon’s share price slumps on disappointing results October 27, 2016 Amazon's shares have sunk in after-hours trading as the company posted a disappointing quarterly profit. The e-commerce giant's shares were down 6.8 per cent. It said its net income rose to $252m (£207m) from $79m a year before. But, at 52 cents per share, Amazon's income was less than expected. According to Reuters, analysts' average [...]
LinkedIn reports a jump in revenue ahead of merger this year October 27, 2016 LinkedIn, the global network for professionals reported a jump in revenue in its results for the third quarter of 2016. Total revenue increased 23 per cent annually, reaching $960m. LinkedIn's talent solutions revenue made up $623m of the overall sum, marketing brought in $175m and premium subscriptions revenue was $162m. Read more: Microsoft is buying LinkedIn [...]
Twitter just announced it’s killing its Vine video app October 27, 2016 Twitter has revealed it is going to scrap its Vine video service. In a blog posted to Medium the micro-blogging site said it would be discontinuing the mobile app "in the coming months". The site said all existing Vines – videos that are a maximum of six seconds long – would still be available and it [...]
Twitter share price jumps four per cent before the bell as social network’s revenue and earnings beat expectations October 27, 2016 Twitter's share price jumped by more than four per cent in pre-market trading today as the micro-blogging site announced revenue and earnings for the third quarter had beaten expectations. The figures Revenue came in at $616m (£503m) for the three months to 30 September, an eight per cent increase on this time last year and [...]
The question about ‘grand strategy’ that made Tim Cook unhappy was based on theory that makes uncomfortable reading for Apple October 27, 2016 Last night, Apple CEO Tim Cook gave a terse, unhappy answer to this question from UBS analyst Steven Milunovich: "Does Apple today have a grand strategy for what you want to do?" Milunovich asked the question two different ways, and Cook gave two non-answers, one of which was "as usual, we're not going to talk [...]
Samsung posted quarterly earnings that were at an eight-year low but in line with expectations October 27, 2016 Samsung posted its worst quarterly results for almost eight years in the wake of the Galaxy Note 7 debacle, but promised that it would rebound in the fourth quarter. Earnings plummeted 98 per cent in comparison to the previous year and languished at their worst level since the final quarter of 2008. Although this was [...]
Leading the charge: How to invest in the nascent, but lucrative, electric power storage sector October 27, 2016 One word captures the holy grail for the energy industry: storage. A Carbon Trust report from March found that better energy storage could save £2.4bn a year by 2030 in the UK. If certain regulatory hurdles are overcome, this could rise to £7bn a year. New developments and innovations are coming to market all the [...]