Technology

Facebook Shares Spike Above $130 On Huge EPS Beat, Strong DAUs

Facebook Shares Spike Above $130 On Huge EPS Beat, Strong DAUs

It also posted earnings per share of $0.97, which beat expectations of $0.82. 'Our community and business had another good quarter, ' said Facebook founder and chief executive Mark Zuckerberg. Next up for revenue is WhatsApp and Messenger, both of which recently reached 1 billion monthly active users each. The company said 60 million people signed up for Facebook during the second quarter of fiscal year 2016 alone.


Oppo becomes smartphone market leader in China

Oppo becomes smartphone market leader in China

Bryan Ma, the vice-president for client devices research at IDC, said Apple would remain competitive in China because of its status "as a luxury brand that is still very much desirable". The company said its sales in China in the third quarter, which ended on June 25, reached $8.8 billion, down 33 percent from $13.2 billion a year earlier-marking its highest decline among all regions.


Yahoo Launches Messenger App On Windows, Mac Following Verizon Acquisition

Yahoo Launches Messenger App On Windows, Mac Following Verizon Acquisition

Yahoo - which was just acquired by Verizon for $4.83 billion - today announced that its revamped Messenger messaging app is now available on Mac and Windows. And as for the much-requested unsend feature, you can "take back a message, photo, or GIF (yes, even after you've pressed send)!" However, the most useful and important feature of the desktop app is the feature to un-send messages.


Apple Has Sold 1 Billion iPhones

Apple Has Sold 1 Billion iPhones

Cook also quoted a Kantar survey which said iPhone purchasers in the USA had a 95 per cent loyalty rate, "the highest ever measured for any smartphone". The 40.4 million sales figure was, however, slightly better than the average market forecast of 40.02 million. For Apple this is good business as it is recurring and linked to its installed base, the CFO said.


Stocks end slightly lower as Fed hints at September rate hike

Stocks end slightly lower as Fed hints at September rate hike

Investors also worked through the Federal Reserve's latest policy statement. The Dow Jones industrial average dipped 0.1% to end at 18,474 and the S&P 500 edged up 0.03% to 2,169 after spending much of the day at a loss. (TSX:BB) announced it was releasing a new smartphone that will have the best security of all Android-powered phones on the market. Consumer and industrial products manufacturer 3M fell $1.97, or 1.1 percent, to $177.66 after the maker of Post-Its and Scotch Tape said it ...



U.S. stocks open higher

Coke has faced headwinds in the US and internationally as more consumers move away from sugary drinks. The Fed is expected to keep rates unchanged as it wraps up its two-day policy meeting with a statement later in the day. The Federal Open Market Committee (FOMC), which has had to defer raising interest rates, will begin its two-day meeting on Tuesday to decide whether the USA economy could absorb a rate increase in the near term.