During Wednesday’s Morning trade, Shares of Apple Inc (NASDAQ:AAPL), dropped -0.95% to $110.24. The firm opened its current trade at $111.74, and as of now, it is trading at $110.13. The total volume traded for the day is 13.99M shares, as compared to its average daily volume of 60.79M shares. The stock is floating in a range of $110.23 - $111.77. The stock holda the market capitalization of $628.61B.
Apple Inc (AAPL), has approved a new app called Been Choice, which blocks ads on mobile applications — even within Facebook and Apple’s own News app. According to bizjournals
Advertisers have been up in arms ever since it was revealed that Apple’s iOS 9 opened the doors to ad-blocking apps last month. But in a recent New York Times study, researchers found that ad blockers saved smartphone users noteworthy amounts of time and battery life.
On the other hand, Samsung Electronics declared a forecast-beating profit for the third quarter Wednesday, sending its share price up nearly 9 percent, but analysts said strong component sales and favorable currency exchange rates masked persistent weakness in its smartphone business. According to AP
The South Korean company estimated that its operating profit for the July-September quarter was 7.3 trillion won ($6.3 billion), up 80 percent from a year earlier and higher than analyst forecasts. Sales rose 7 percent to 51 trillion won ($43.9 billion) for the quarter. Samsung will declare its overall net profit and earnings for each of its business divisions later this month.
The result showed that Samsung was on track for a recovery after growth in earnings crumbled last year. But the world’s largest smartphone maker is still struggling to maintain its market share in phones amid intense competition from Apple, Huawei and Xiaomi.
Analysts said Samsung’s solid result in the last quarter was because of stronger sales in mobile displays and chips while the weak Korean won against the U.S. dollar boosted the value of its earnings overseas.
The positive impact from the weak Korean won on Samsung’s component businesses was “significant,” said Nomura Holdings analyst Chung Chang-won. Most Samsung components are sold in the U.S. dollars. AP Report
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.
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