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Apple revenue growth slows to 2% in latest quarter

2016-01-26 23:30:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues for its fiscal first quarter to December 2015 up just 2 percent year-on-year to USD 75.9 billion. The sales were at the low end of its forecast of USD 75.5-77.5 billion. Apple blamed the slower growth on the strong US dollar, saying revenues would have risen 8 percent at constant exchange rates. At constant rates, revenues were up 18 percent in Europe and 17 percent in greater China, while falling 1 percent in the Americas and 4 percent in Japan. The company's net profit rose to USD 18.4 billion or USD 3.28 per share, from USD 18.0 billion or USD 3.06 per share a year earlier, and Apple maintained its quarterly dividend at 52 cents a share. While Apple said it set a new record for iPhone sales in the quarter, after the launch of the iPhone 6s in September, unit sales of the smartphone were unchanged year-on-year at 74.78 million and revenues were up just 1 percent compared to the same quarter a year earlier. iPad sales fell 25 percent year-on-year to 16.12 million, and sales of Mac computers were down 3 percent over the same period to 5.31 million units. For fiscal Q2, Apple forecast a sharp slowdown in sales to USD 50-53 billion and a gross margin of 39.0-39.5 percent compared to 40.1 percent in Q1. 

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Significant Growth for Permasense in 2015

2016-01-26 18:24:00| Power Technology

The company, which delivers asset integrity monitoring solutions to both the upstream and downstream oil and gas industries, has now supplied its specialist sensor systems to 114 facilities in 26 countries, from Alaska to Australia.

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Permasense Sees Impressive Growth in 2015

2016-01-26 16:00:00| Offshore Technology

Permasense, the leading provider of remote corrosion and erosion monitoring solutions to the global energy industry, has announced stellar growth results for 2015 with revenues totalling $10m, a 35% increase year-on-year.

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Biotech Deserves A Piece Of Every Dividend Growth Portfolio

2016-01-26 07:14:29| Biotech - Topix.net

Taking into account their projected EPS growth rates and potential for dividend growth, both companies, but in particular Gilead Sciences, are attractively valued relative to the market. Amgen became a pioneer in the biotech world when it became the first large biotech stock to begin paying a regular dividend in 2011.

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Asian Grooming Trends Show Room for Growth

2016-01-26 06:00:00| Happi Breaking News

Consumers in China, South Korea and Japan need coaxing, shows study.

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