Apple sales jump – market cap to exceed 1000 billion?

Apple announced a record quarter today. According to the company, revenues jumped to 58 billion dollars, up 27 percent and net income was 13,6 billion dollars during the second quarter ending March 2015.

Earnings per share was 2,33 dollars, when the markets were expecting 2,16 dollars according to Bloomberg.

The Sales in China exceeded the US Sales for the first time. The company sold 61,2 million units during the quarter, of which 16,8 million in China.

The Sales of IPads were down by 23 percent to 12,6 million units. This is the fifth quarter of declining sales figures for tablets.

Strong results and Apple Watch have boosted new target price, which would mean the market value of 1000 billion dollars. Apple closed up 1,8 percent to 132, 65 dollars in New York.

Business Tech

Wall Street to near new records

Both Nasdaq and S&P 500 were near new records  in New York today. Good performing tech companies fuelled the rally.

One of the big tech companies Microsoft announced its quarterly results with revenues 6 % increase to 21,7 billion dollars.

According to the company Office downloads were 100 millions on iPhones, iPads and Anroid tablets. Lumia mobile phones sales were up 18 percent to 8,6 million devices Year on Year.  

Operating income was down 5 % to 6,6 billion dollars. Microsoft made 190 million dollars restructuring charge due to Nokia acquisition.

Business Tech

Goldman Sachs net revenues to 4 year high – continues growth outlook

The worlds leading M&A company Goldman Sachs announced today its first quarter results. According to the company, net revenues were 10,6 billion dollars, the highest quartely result in four years.

Investment Banking generated net revenues 1,91 billion, which is the highest quartely performance since 2007 and it shows 7 % increase. Institutional Client Services produced net revenues of 5,46 billion dollars, growth 23 % from a year ago and 73 % growth from the fourth quarter of 2014. Financial Advisory were 961 million dollars.

Total assets were 865 billion dollars at the end of March 2015. Earnings per common share were 6,05 dollars compared to 4,15 dollars year ago.

– We remain encouraged about the prospects for continued growth, the company said in the interim report. Goldman Sachs is having a conference call today, at 9.30 Eastern time.





Business Finance

Nokia and Alcatel-Lucent to merge with 15,6 billion euros deal

Telecom network companies Nokia and Alcatel-Lucent are merging. The companies have confirmed the speculations today. The deal would be worth 15,6 billion euros, which means that Alcatel investors will receive 0,55 Nokia shares. The new combined company would mean net sales of 25,9 billion euros and operating profit  307 million euros. The companies estimate that the synergies would be 900 million euros by 2019 and savings 200 million euros by 2017.

In the merge, the company headquarter would be in Finland. Alcatel investors would own 33,5 % of the new company and Nokia investors 66,5 % if the merger would be accepted as such. The new company is expected to operate in the beginning of 2016.


Blackstone and Wells Fargo to buy real estate assets worth 23 billion dollars

The world largest private-equity investor in real estate Blackstone and Wells Fargo announced yesterday that they will buy most of General Electric Co´s real estate assets valued at 23 billion dollars. According to Bloomberg News the deal consists real estates in California, Seattle, Chicago and also some European office, retail and industrial properties and commercial mortages in Mexico and Australia.The deal is the largest real estate transaction since the financial crisis and among the biggest for Blackstone.



Spotify market valuation to 8,4 billion dollars

According to the Wall Street Journal, the Swedish music streaming service Spotify is near to rise 400 million dollars in a new deal, which would mean the market valuation of 8,4 billion dollars. According to the newspaper, Goldman Sachs and Abu Dhabi sovereign wealth fund would be the main financiers and this deal would place Spotify as one of the high-valued tech companies.

Finance Tech

Amundi Asset Management: Impact investing is about long-term support

Amundi Asset Management says that impact investing is about long-term support for social businesses. According to the company the goal is to generate quantifiable social impact for clients, over and above the search for financial returns. Amundi Asset Management has over 900 million euros in SRI assets under management.

– We select amongs the many social businesses that we meet with, those most likely to generate the greatest social impact over the long term, while offering prospects for sustainable economic development. By investing in these non-listed social businesses over the long term, we encourage the emergence of a whole new sector of the economy, meeting crucial social needs while offering all types of investors a real investment solution, the company says.