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Apple growth hinges on China, new devices
Apr 25th, 2012
SAN FRANCISCO (Reuters) - Apple Inc's surprisingly strong performance in China has soothed fears that iPhone sales were losing steam, though analysts wondered how long Chief Executive Tim Cook could sustain the company's sizzling growth without a revolutionary new product. Shares of the world's most valuable technology company, recouping much of their losses over the past two weeks, leapt about 9 percent on Wednesday after Apple again blew past Wall Street targets, tacking on another $50 billion in market cap. ... (Source: Reuters) -
By Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest countries, former company executives and Irish officials have said. Chief Executive Tim Cook faced criticism from a Senate subcommit... [Full Article]
LONDON (AP) - The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment in infrastructure and come up with a plan to privatize its bailed out banks. (Source: Associated Press)... [Full Article]
BEIJING (AP) - A top North Korean envoy delivered a letter from leader Kim Jong Un to Chinese President Xi Jinping on Friday and told him Pyongyang would take steps to rejoin stalled nuclear disarmament talks, in an apparent victory for Beijing's efforts to coax its unruly ally into lowering tensions. (Source: Associated Press)... [Full Article]
SAN FRANCISCO (Reuters) - Some 900 million smartphones and tablets running Google Inc's Android software have been activated since the platform's inception in 2010, executives said at the company's annual developers' conference on Wednesday. Google said revenue from Android, the software used by Samsung and other mobile device m... [Full Article]
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