On Tuesday, Shares of Apple Inc. (NASDAQ:AAPL), lost -1% to $130.75.
Apple Inc., declared financial results for its fiscal 2015 third quarter ended June 27, 2015. The Company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter. Gross margin was 39.7 percent contrast to 39.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.
The growth was fueled by record third quarter sales of iPhone® and Mac®, all-time record revenue from services and the successful launch of Apple Watch™.
Apple is providing the following guidance for its fiscal 2015 fourth quarter:
- revenue between $49 billion and $51 billion
- gross margin between 38.5 percent and 39.5 percent
- operating expenses between $5.85 billion and $5.95 billion
- other income/(expense) of $400 million
- tax rate of 26.3 percent.
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 Nokia Corporation (NYSE:NOK), declined -0.44% to $6.75, during its last trading session.
HERE, a Nokia company is making high-definition (HD) mapping data of sections of public roads in four countries accessible to all automotive companies to support their highly automated vehicle initiatives.
HERE has been developing its HD map using its LiDAR-equipped data capture vehicles and advanced processing technologies. As part of that effort, HERE has mapped several private test tracks for automated driving projects.
Now, for the first time, HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, in addition to in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is presently working with more than 10 leading automotive companies on automated driving projects.
In order to map roads at 10-to-20 centimeter accuracy, HERE uses LiDAR technology to collect billions of 3D points and model road surfaces down to the number of lanes and their width. It captures important details such as the slope and curvature of the road, lane markings and roadside objects such as signposts, counting what that signage denotes.
Redzic is planned to address the topics of automated vehicles and digital infrastructure Wednesday at the Automated Vehicles Symposium 2015 in Ann Arbor, Michigan.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies.
Finally, MGIC Investment Corp. (NYSE:MTG), ended its last trade with -0.27% loss, and closed at $11.00.
On July 10, Mortgage Guaranty Insurance Corporation (MGIC) is now the exclusive provider of mortgage insurance rates for Mortgage Mapp’s mortgage calculator. The calculator is part of Mortgage Mapp’s robust mobile application for loan officers, which creates personally branded customer engagement platforms.
“MGIC continues to be a leader in the mortgage insurance industry,” said Ben Brashen, Mortgage Mapp’s Chief Executive Officer. “Mortgage Mapp is thrilled by the opportunity to work with them. This partnership provides Mortgage Mapp customers and their clients with an incredibly powerful addition to their personalized mortgage app.”
A replacement for the traditional business card, Mortgage Mapp allows loan officers to turn their smartphones into referral magnets and build planned client relationships with industry specific tools such as the mortgage calculator, pre-approval request, and real time mortgage news. The app presently has more than 5,000 users.
MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, in addition to covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure; and pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.
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