Daily Archives: April 23, 2013

Tim Bradshaw

Apple has reported second-quarter earnings that beat analyst expectations, but has disappointed Wall Street with its outlook for the June quarter. The maker of the iPhone reported $43.6bn in revenues and earnings of $10.09 per share, compared with analyst expectations of $42.5bn and $10.07 in earnings per share. Its guidance for $33.5bn to $35.5bn in third-quarter sales though is well below the Wall Street consensus of $38.9bn. Apple has also increased its share buyback authorisation from $10bn to $60bn. Below is our blow-by-blow account of the earnings, analyst call and reaction to the news.  

Chris Nuttall

The Nest thermostat, designed by iPod creator Tony Fadell, is a fun way to turn your air conditioning system on and off, but it could soon be saving users serious money with its latest deals.

The Silicon Valley company says it is now working with leading US energy providers to reduce energy usage and consumers’ bills through its auto-adjustment of their home’s heating and cooling needs. Read more >>