Apple Inc (NASDAQ AAPL) will donate 10 million Yuan or around $1.6 million to China’s relief operations in Yunnan province, which was stricken by an earthquake that killed more than 600 people earlier this week. This is the second charitable contribution of Apple to the victims of earthquakes in China. The donation of Apple Inc…
We’re maintaining our fair value estimate and moat rating for Avnet AVT after it reported third-quarter results that indicate trepidation from enterprise businesses in Western markets, but continued growth in emerging markets. Avnet generated $6.3 billion of total sales, in line with seasonality and our own expectations. Pro-forma sales to higher-margin Western markets (EMEA and…
Bitcoin tipping platform ChangeTip has announced that it is expanding its service to YouTube, Tumblr and Google+. The platform already supports bitcoin micropayments on social media sites like Twitter, Reddit and StockTwits – a popular network for traders and investors. Dubbed a ‘love button for the Internet’, ChangeTip lets users gift friends and content providers…
Amgen (AMGN) reported second quarter 2014 earnings of $2.37 per share, well above the Consensus Estimate of $1.99 and the year-ago earnings of $1.88. Total revenues increased 11% to $5,180 million in the second quarter of 2014, beating the Consensus Estimate of $4,875 million. Including one-time items, second quarter earnings increased 22% to $2.01 per…
YouTube, the video service of Google Inc (NASDAQ GOOG) acquired Directr, a mobile video-editing start-up to boost its advertising initiatives. YouTube said there will be no other immediate changes to the services of Directr aside from making the app free for iOS users. Directr enables users to shoot and edit short video clips through its…
Facebook Inc (NASDAQ FB) mobile users are seeing some of their messages disappearing from the main Facebook app after the separation of the messenger function into a separate app. A Facebook spokesperson has confirmed that the change is now affecting some users, but the app has not been launched for everyone yet. A separate Facebook…
