On Thursday, Shares of Apple Inc. (NASDAQ:AAPL), gained 0.22% to $115.13.
Like other smartphone makers, Apple is trying to keep China happy. Chief Executive Officer Tim Cook has made a half-dozen press-swarmed visits since taking over the company in 2011. (Steve Jobs made zero.) Apple began painting its iPhones gold in 2013 explicitly to appeal to the world’s largest smartphone market, Cook said in an interview in June. Although the company-missed analysts’ estimates of its quarterly earnings in July largely because China’s demand for iPhones was lower than predictable, its revenue in the country more than doubled from a year earlier. The iPhone accounts for the vast majority of China’s high-end smartphone sales, according to Bloomberg.
Apple is also benefiting from work it’s not doing. Since June 2014, more than 100 programmers have contributed to an open source Mandarin Chinese translation of Swift, the in-house programming language Apple uses for iOS development. A round of finishing touches was added last month, making it easier for 850 million native Mandarin speakers to build iOS apps. The project’s originator is Jie Liang, a student at BeiHang University in Beijing, who wrote in a celebratory blog post that he began translating Swift to “synchronize China and the world.” Bloomberg Reports
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of Hewlett-Packard Company (NYSE:HPQ), declined -0.53% to $30.14, during its last trading session.
Hewlett-Packard Company will conduct a live audio webcast of its conference call to review its financial results for the third fiscal quarter ended Jul. 31, 2015.
The call is planned for Thursday, Aug. 20, at 5 p.m. ET / 2 p.m. PT, and the webcast will be accessible at www.hp.com/investor/2015Q3Webcast.
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to the government, health, and education sectors worldwide.
Finally, New Gold, Inc. (NYSEMKT:NGD), ended its last trade with -0.52% loss, and closed at $1.93, hitting its lowest level.
New Gold declared its 2015-second quarter operational and financial results.
2015 SECOND QUARTER HIGHLIGHTS
- Gold production of 86,442 ounces relative to 89,460 ounces in the preceding-year quarter
- Copper production of 23.6 million pounds relative to 25.5 million pounds in the preceding-year quarter
- Silver production of 0.4 million ounces compriseent with preceding-year quarter
- All-in sustaining costs (1) of $922 per ounce, counting total cash costs (2) of $410 per ounce
- Net cash generated from operations before changes in working capital (3) of $63 million , or $0.12 per share
- New Afton mill expansion successfully commissioned, ahead of plan and under budget, resulting in raised recoveries of gold and copper as planned
- June 30, 2015 cash balance of $327 million
- Further strengthened financial flexibility by formerly declared $175 million Rainy River streaming transaction with Royal Gold.
“The second quarter further solidified our company’s strong start to the year,” stated Randall Oliphant, Executive Chairman. “Our gold production year-to-date has been consistent with our plans. After investing in the mill expansion and waste stripping at our open pit operations in the first six months of 2015, we are now positioned to benefit from higher gold production coupled with lower costs in the second half of the year. At the same time, we further raised our financial flexibility by $175 million with the recently declared Rainy River streaming transaction. We look forward to the acceleration of construction activity at Rainy River through the remainder of this year and into 2016.”
New Gold Inc., a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits.
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