Apple-ish Event and its Miracle of Oracle.
Apple launched the iPhone 13, Max and also is Oracle performing Miracles?
Hey hisa fan,
Apple [NASDAQ:AAPL]
Its midweek and the fruit guys are at it again! On Tuesday, Apple Inc, the world’s second-largest (or largest) smartphone company unveiled their latest flagship model of iPhones and accessories.
The online event which has been seen as the run for summer-bunny for Apple Inc came through with the company launching the iPhone 13 Pro brand with improved features and also the iPhone 13 Pro max. The phones will come with the latest iOS 15 which the company said will be availed to users by the 20th of September.
Also launched was the Apple 7 smartwatch. Coming with a more rugged look and also a faster charging plan compared to its predecessors.
The Miracle.
Apple’s event on Tuesday seemed to have a reverse effect on the stock. Unlike users who were all in joy, Apple inc’s shares had a beating on wall street following last week’s ruling against the company’s payment methods for developers.
On Friday last week, a U.S Judge issued a permanent injunction in favour of developers, a move that would give developers route players to alternative platforms to make payments. This will allow companies/developers to avoid a 15%-30% charge that Apple has been charging as “App Store fees.”
Apple was down 1%, leading the decliners on Wall Street on Tuesday and was the heaviest drag to the S&P 500. This is despite the company’s shares temporary gain on Monday.
On the Hisa App’s market watch, Apple Inc was trading 0.84% lower at $146.94 per share at market open on Wednesday.
Oracle [NYSE:ORCL]
Oracle Corporation Inc, one of the oldest tech companies in the United States released its financials late Monday.
The earnings which were fairly flat but above analysts average as the company posted a marginal gain of just 4% year on year to $9.7 billion.
1Q revenue grew 1.6% Y/Y to $9.37 billion
Sales revenue increased 2.1% to $6.95 billion Y/Y.
Adjusted EPS rose about 15% to $0.93
Revenue from the cloud license and on-premise business rose 9.1% to $886 million.
Oracle’s board declared a quarterly cash dividend of $0.32 per share of outstanding common stock.
After market, Citigroup Inc adjusted the price target on Oracle to $89 From $80 earlier. Citi however maintained its neutral rating on the tech company.
The cash dividend and the analysts target price news pushed the company to rally as shareholders increased their outlook as well. Oracle rallied 3% in after close trading after the announcement.
On the Hisa App on Wednesday, Oracle Corporation’s price as at 1800EAT was up 1.29% and was now trading at $87.50 per share.
What Other Cowries are we collecting?
Microsoft Corporation [NASDAQ:MSFT] - Microsoft has opened gates to shareholders. The company announced an 11% dividend hike on Tuesday after close of trading. The news has already seen Microsoft up 1.2% at 303.43 per share as at 1800EAT.
General Electric [NYSE:GE]- General Electrice won the case against UK’s tax collector. In a case where HMRC had sued GE for tax fraud. Earlier today, HRMC settled the $1 billion tax fraud lawsuit.
GE is now trading at $101.61 per share. a 1.23% gain from Tuesday’s close.
JD.com [NASDAQ:JD] - JD.com seemed to be one of the top decliners in today’s trading session and our cowries are watching onto what could be moving the Chinese giant retailer.
How about you, what stocks are you watching today? Let us know on the Hisa App
Disclaimer: This is not an investment recommendation, investors and the general public are advised to do their own research before investing in any security.