Middle class in India, China driving iPhone sales: Apple CEO Tim Cook – Times of India + MORE Apr 28th

DEARBORN, Mich. – Ford’s net income fell 6.5 per cent to $924 million in the first quarter, hurt by lower sales and the impact of a stronger U.S. dollar.
But the Dearborn-based automaker says the picture should improve as the year progresses, and it still is aiming for a full-year pretax profit of $8.5 to $9.5 billion, up from $6.3 billion in 2014.
“We feel we are very much on track to that breakthrough year we talked about,” Chief Financial Officer Bob Shanks said Tuesday.
First-quarter earnings of 23 cents per share, compared with earnings of 25 cents per share in the same quarter a year ago. That was short of Wall Street’s expectations. Analysts surveyed by FactSet forecast earnings of 26 cents per share.
One reason for the miss: Analysts forecast a tax rate of 29 per cent for the quarter, but Ford’s actual rate was 34 per cent. That difference was worth about 2 cents per share, the company said.
Revenue fell by 5 per cent, or $2 billion, to $33.9 billion…

Times of IndiaMiddle class in India, China driving iPhone sales: Apple CEO Tim CookTimes of IndiaNEW YORK: Middle class and first time smartphone buyers in emerging markets such as India and China were among the major drivers of iPhone sales in January-March period with the momentum expected to continue, Apple CEO Tim Cook has said. Cook …Five things you need to know about Apple's fiscal performanceIrish TimesApple Earnings Surge 33% on iPhone SalesWall Street Journal23 essential facts from Apple's Q2 fiscal callComputerworldCNETall 1,161 news articles »

All hail the mighty Apple, producer of non-stop revenue, profits, smart watches, and lots of iPhones: lots and lots and lots of iPhones. More than 60 million iPhones, to be specific, just in the last three months alone.
And all hail China, source of a massive, and ever-growing, market for those iPhones: and now the U.S.’ chief rival for Apple enthusiasm. Lest we forget, this quarter has not been about the much-hyped Apple Watch – but about good, old fashioned smart phones.
Today, we’ll tally up the sales and costs of a giant, as well as looking at the tactics of 3G, the company behind the merger of Tim Hortons and Burger King, after they reported quarterly earnings yesterday. We’ll also get excited for the U.K. election or, failing that, will contemplate the age-old question of whether bankers make good politicians. (It’s a skeptical kind of Tuesday.)
Today, the Fed’s meeting begins, and the rate announcement (or lack thereof) will come tomorrow, so prepare for Janet Yellen watching on Wednesday…

TORONTO – The Canadian dollar was up about one-third of a cent before the beginning of trading at the Toronto Stock Exchange.
The loonie traded at 82.95 cents US, up 0.31 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were down 59 points at 17,931.0, the Nasdaq futures gell 4.50 points to 4,520.3, and the S&P 500 futures declined 7.1 points to 2,097.6.
On the commodity markets, the June crude contract was down 12 cents at US$56.87 a barrel and the June gold contract fell 30 cents to US$1,202.90 an ounce ahead of the TSX open.
The S&P/TSX composite index closed Monday at 15,344.08, after falling 64.25 points.
The post Canadian dollar rises ahead of open at Toronto Stock Exchange appeared first on Canadian Business – Your Source For Business News.

(Illustration by Kagan McLeod)
When it comes to high-level business decisions, it seems the stereotype holds true: Women are more likely than men to stop and ask for help.
According to a joint study from the University of British Columbia and the University of Utah, corporate boards that include women are more likely to seek help from financial advisers when faced with a takeover offer. The researchers noted that even a 10% increase in female directors on a board is linked to an increase in the likelihood of engaging a top-ranked advisor.
The researchers pointed out that when women were present on a board that was doing the bidding for a company, there was no significant association with the engagement of top-ranked advisors. Key takeaway: It’s wise to solicit outside opinions during a takeover, as a board could potentially face litigation if it doesn’t get a high enough price. Going it alone, the authors suggest, is a symptom of overconfidence. Hear that, fellas?
MORE ABOUT WOMEN IN BUSINESS AND WORKPLACE CULTURE:

Women now hold one in five corporate board seats in Canada
The office comedian is helping your team reach its targets
Women with more kids are more productive at work
Powerful people find themselves more inspirational
How to hire—and retain—the next generation of great female executives

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