Apple business grows despite decline in iPhone + Intel misses expectations with sales forecast + Labor market data for DE/USA + Sixt AG retrospectively on yesterday's Drop&Rebound
Apple $AAPL (+0,87 %)grows despite iPhone decline
- Apple has closed the important Christmas quarter with an increase in sales despite a decline in the iPhone business.
- Growth in Mac computers, iPads and the services business more than compensated for the iPhone decline.
- On balance, Apple increased its quarterly profit by seven percent to 36.3 billion dollars (34.8 billion euros), as the company announced on Thursday after the close of the US stock exchange.
- iPhone sales fell from 69.7 billion dollars in the same quarter last year to 69.14 billion dollars.
- Analysts had expected an average of around 71 billion dollars.
- Apple is placing a special focus on artificial intelligence in the new iPhone generation presented in the fall.
- However, the new functions will only be introduced gradually.
- In Europe, many of them will not reach users until April.
- The Mac business, on the other hand, performed significantly better than Wall Street had expected.
- Turnover rose from 7.8 to 8.99 billion US dollars.
- Analysts had expected just under eight billion dollars.
- There was also a significant increase in iPad sales from seven to a good eight billion dollars.
- The service business with revenues from the App Store and Apple's subscription offers, among others, grew from 23.1 billion dollars a year ago to 26.34 billion dollars.
- Overall, Group sales increased by four percent to a record 124.3 billion dollars.
- Apple shares traded slightly down at times in US after-hours trading.
- In addition to the decline in iPhone sales, this could also have been triggered by the slowdown in business in the China region.
- Turnover there fell by eleven percent to 18.5 billion dollars and fell short of analysts' expectations.
- Apple is facing more competition from Chinese smartphone providers in this huge market.
Intel $INTC (-3,64 %)misses expectations with sales forecast
- The struggling semiconductor giant Intel is preparing the stock market for continued difficult business.
- The sales forecast for the current quarter fell short of analysts' expectations.
- Intel is still looking for a new boss after the departure of long-time CEO Pat Gelsinger in December.
- For the current quarter, Intel forecast revenues of between 11.7 and 12.7 billion dollars on Thursday after the close of the US stock exchange.
- Analysts had expected an average of around 12.9 billion dollars.
- In the previous quarter, sales fell by seven percent to 14.3 billion dollars.
- However, Intel hit the upper end of its own forecast and beat analysts' expectations.
- The share price rose by a good two percent in US after-hours trading.
- On the bottom line, Intel posted a loss of 126 million dollars in the last quarter after a profit of 2.67 billion dollars a year earlier.
- Intel once dominated the semiconductor market, but has been struggling with problems for years.
- Graphics card specialist Nvidia has conquered a leading position, particularly in the business with chips for artificial intelligence.
- Intel is also under greater pressure in its traditional business with PC processors and chips for data centers.
Investor places Sixt shares $SIX2 (-1,1 %)for around 50 million euros
- A major investor sells 600,000 Sixt shares worth almost EUR 50 million.
- The placement thus comprises almost two percent of Sixt's ordinary shares.
- A major investor is placing Sixt shares worth almost EUR 50 million on the market.
- Deutsche Bank, which was entrusted with the placement, announced on Thursday evening that an institutional investor is offering a good 600,000 Sixt ordinary shares, which are to be placed with other investors overnight.
- The name of the seller was not disclosed.
- At Thursday's Xetra closing price, the Sixt share package is worth EUR 49 million, but the shares are normally sold at a discount.
- The placement comprises just under two percent of Sixt's ordinary shares, which are majority-owned by the Sixt family.
Friday: Stock market dates, economic data, quarterly figures
Stock exchange holiday China and Hong Kong
- ex-dividend of individual stocks
- Texas Instruments USD 1.36
- Quarterly figures / company dates USA / Asia
- 02:00 Samsung Electronics full year results
- 12:30 Exxon Mobil quarterly figures
- 12:45 Chevron quarterly figures
- 13:45 Abbvie quarterly figures
- 14:30 Colgate-Palmolive quarterly figures
- Quarterly figures / Company dates Europe
- 07:00 Novartis annual results
- 07:30 Atoss Software preliminary annual results
- 10:00 Thyssenkrupp AGM
- economic data
08:00 DE: Retail sales December and year 2024 seasonally adjusted real FORECAST: +0.6% yoy previous: -0.1% yoy
08:45 FR: Consumer prices (preliminary) January PROGNOSE: 0.0% yoy/+1.5% yoy previously: +0.2% yoy/+1.3% yoy HICP PROGNOSE: 0.0% yoy/+1.9% yoy previously: +0.2% yoy/+1.8% yoy
09:55 DE: Labor market data January seasonally adjusted unemployment rate FORECAST: +15,000 yoy previous: +10,000 yoy Unemployment rate seasonally adjusted FORECAST: 6.2% previous: 6.1%
14:00 DE: Consumer prices (preliminary) January PROGNOSE: +0.2% yoy/+2.7% yoy previous: +0.5% yoy/+2.6% yoy HICP PROGNOSE: -0.1% yoy/+2.9% yoy previous: +0.7% yoy/+2.8% yoy
14:30 US: Labor Cost Index 4Q FORECAST: +0.9% yoy Q3: +0.8% yoy yoy
14:30 US: Personal Spending and Income December Spending / Income PROGNOSE: +0.6% yoy/+0.4% yoy previous: +0.4% yoy/+0.3% yoy PCE Price Index / Total Rate PROGNOSE: +0.3% yoy/+2.6% yoy previous: +0.1% yoy/+2.4% yoy PCE price index / core rate PROGNOSE: +0.2% yoy/+2.8% yoy PREVIOUS: +0.1% yoy/+2.8% yoy
15:45 US: Chicago Purchasing Managers Index January FORECAST: 41.0 previous: 36.9
