Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
The markets have been slow to recognize the high-stakes game that's playing out on the world stage.Economyread more
One of the biggest Chinese chipmakers is delisting from the New York Stock Exchange amid the trade war, but the company said the decision is not related to the intensifying...Marketsread more
President Donald Trump, his businesses and members of his family on Friday appealed a federal judge's decision that Deutsche Bank and Capital One can turn over years of...Politicsread more
Facebook's founder Mark Zuckerberg has held talks with the Winklevoss twins, his old rivals, about the social media giant's developing digital currency, the Financial Times...Bitcoinread more
May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
The Trump administration proposed Friday to roll back health-care protections for transgender people by ending an Obama-era policy that prohibited health providers from...Health and Scienceread more
Sears opens its first Home & Life stores and plans to open more as it looks for a fresh start after bankruptcy.Retailread more
Analyst Michael Olson says he has "a high degree of confidence" that Amazon shares can reach the level without "significant changes to the business."Investingread more
Apple reported $3.74 billion in revenue from its "other products " division, which includes sales of Apple Watches, iPods, home products and more, beating Wall Street estimates for its third quarter. The company's stock rose about 2 percent after hours on a strong quarter overall.
That's 37 percent more that the $2.74 billion in revenue Apple reported in the year-ago quarter, but about 5.3 percent less than last quarter. Apple's third quarter ended June 30.
Wall Street analysts were predicting revenue of $3.67 billion, according to StreetAccount, down from the $3.95 billion Apple reported last quarter. The division's revenue tumbled about 28 percent between its first and second quarters. This time last year, revenue slid 4.8 percent between quarters.
The "other products" category includes wearables, like AirPods and the Apple Watch, accessories and smart speaker HomePod, which launched in February. On a call with investors Apple CEO Tim Cook said the wearables division of "other products" experienced "outstanding" 60 percent growth, year-over-year.
"Apple watch delivered record June quarter performance with growth in the mid 40 percent range, and we are thrilled to see so many customers enjoying AirPods. It reminds me of the early days of iPod, when I started noticing white ear buds everywhere I went," Cook said on the call.
He also noted some HomePod updates throughout the quarter, but glossed over any specific growth numbers.
After a troubled release, HomePod sales initially surged before slowing to place Apple's smart speaker squarely behind competitors Amazon and Google, Bloomberg reported.
The Apple Watch, on the other hand, has continued to hold the lead in the the wearables market. In June, market research group IDC reported Apple was still the single biggest vendor of wearable devices with a 16.1 percent market share that grew 13.5 percent year-over-year. At WWDC in June, Apple announced a suite of new features coming to the Apple Watch, including new exercise functions, podcast support and predictive features for Siri.