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Old 11-05-2023, 10:08
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VolkovYuriy VolkovYuriy is offline
Level IV Lasers Member
Join Date: Dec 2013
Posts: 455
Default Re: FreshForex -


Dear clients,

Apple Inc's results beat expectations on Thursday, demonstrating the tech giant's resilience amid the global economic slowdown, thanks to stronger-than-expected iPhone sales and notable gains in India and other emerging markets.

Shares of the largest US company by market value rose 2% after Apple beat Wall Street's earnings and profit expectations for the quarter on April 1st. The company's results contrast with disappointing performance from major chip makers due to a slower-than-expected recovery in China's economic growth.

Apple executives on Thursday said gross profit for the current quarter will be better than forecast, despite an expected drop in revenue due to the resolution of supply chain problems.

Apple said sales for its fiscal second quarter ended April 1 fell 2.5% to $94.8 billion, beating expectations for a 4.4% decline, according to data from Refinitiv. Earnings remained unchanged at $1.52 per share, compared to $1.43 per share forecast.

iPhone sales rose 1.5% to $51.3 billion, beating expectations for a 3.3% fall, even as consumers and businesses cut spending due to rising inflation. Analysts expect growth of 2.1% to $84.7 billion in the third financial quarter, which ends in June.

Apple shares outperformed most Wall Street stocks in 2023, up 28% year-to-date. Investors view the company as a protective measure during a period of economic uncertainty.

Apple raised its dividend to 24 cents per share from 23 cents a year ago. The Board authorized a $90 billion share buyback program, just as it did a year ago.

Investors are still waiting for the company's next big product. Bloomberg reported that the iPhone maker could unveil a mixed reality headset as early as next month when it holds its annual Software Developers Conference. The company recently announced new services such as a high yield savings account.


Dear clients,

On May 11 the Bank of England, the key financial authority of Great Britain, will make a decision on the interest rate, which is among the most important events affecting the pound sterling quotation.

Our expert comments on how the situation with the rates develops:

The Bank of England may raise the rate by 0.25% and signal to the market the need for further interest rate hikes at the summer meetings due to high inflation in the United Kingdom economy. On Thursday consider buying GBPJPY, GBPUSD, GBPCHF.

On any twists and turns, confidently keep your balance with a drawdown bonus 101%!
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