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UBS reports strong quarterly profits

2014-05-06 08:56:52| BBC News | Business | UK Edition

UBS has reported better than expected first quarter results and reveals plans to reorganise its business to ensure it can more easily be broken up.

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Barclays quarterly profits fall 5%

2014-05-06 08:23:33| BBC News | Business | UK Edition

Barclays first quarter profits fall 5% to 1.69bn, following a slump in revenue at its investment bank.

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Apples iPhone continues to drive record quarterly profits, despite iPad sales stalling

2014-04-24 16:39:30| Extremetech

Late yesterday, Apple (AAPL) reported its fiscal second quarter earnings. Apple made a profit of $10.2 billion in its second fiscal quarter of 2014 on revenue of $45.6 billion, up from $9.5 billion and $43.6 billion respectively for the same quarter last year. The increase in revenue was mostly bolstered by a big jump in iPhone sales (from 37.4 million to 43.7 million). It's not all good news, though. At long last, after one of the most meteoric rises in tech history, the iPad appears to be slowing down: Despite analysts predicting sales of 19.7 million units, Apple only shifted 16.35 million -- a drop of more than 16% from 19.48 million that it sold in Q2 2013.

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