Market / Technology

Apple stock reacts to metaverse plans

Posted On: May 22, 2022   |   Posted By: RT

Apple stock reacts to metaverse plans

Shares rallied after firm posted blockbuster profits and hinted at metaverse expansion
The iPhone maker's shares soared some 7% to $170.33 per share on Friday, marking the biggest one-day jump in a year and a half. Already the globe's largest company by market value, Apple posted a Wall Street-beating record $123.9 billion in sales for the last three months of 2021, despite pressing supply-chain constraints, the company announced this week. Total revenue increased 11% in the quarter ended December 25, 2021, Apple said, while profits jumped 20%, reaching a record $34.6 billion.
“ Apple is known for its supply-chain prowess and many wonder about the actions Apple has taken and will take to better position itself for this calendar year ,” Scott Kessler of analytics firm Third Bridge told Reuters.
The figures helped Apple shares make up for the losses it has seen in recent weeks during a sell-off in growth and technology stocks.

Continue reading ...

 








White Sox SS Anderson says Josh Donaldson made racist remark, MLB investigates

White Sox SS Anderson says Josh Donaldson made racist remark, MLB investigates

NEW YORK - Chicago White Sox star shortstop Tim Anderson accused Yankees slugger Josh Donaldson of making a racist remark by calling him Jackie Robinson during Saturday's game... Read more ...

Man City clinches 6th Premier League title in 11 seasons

Man City clinches 6th Premier League title in 11 seasons

MANCHESTER, England - Manchester City clinched a sixth Premier League title in 11 seasons on Sunday by scoring three times in five minutes to come from behind to beat Aston... Read more ...

Skier rescued on Mount Washington amid record heat

Skier rescued on Mount Washington amid record heat

The summit of Mount Washington experienced record breaking heat Saturday, but it was still ski season for some elsewhere on the mountain, including a woman who was rescued... Read more ...

Burnley vs Newcastle final score: Clarets relegated behind Wilson brace

Burnley has been relegated to the Championship following a 2-1 home loss to Newcastle United at Turf Moor that coincided with Leeds' win over Brentford. Read more ...

Ivanka Trump met Ukrainian refugees during a visit to Poland

Ivanka Trump met Ukrainian refugees during a visit to Poland

Ivanka Trump recently traveled to Poland to meet with Ukrainian refugees and deliver food to families, according to her social media posts Sunday. Read more ...

David Reichman, runner who died in Brooklyn Half Marathon, was NYC therapist

David Reichman, runner who died in Brooklyn Half Marathon, was NYC therapist

The 32-year-old runner who collapsed and died after finishing the Brooklyn Half Marathon was a New York University master's graduate and a behavioral therapist, Read more ...

Are Man City the greatest Premier League dynasty? Guardiola's team compared...

Are Man City the greatest Premier League dynasty? Guardiola's team compared to Ferguson's Man United, Wenger's Arsenal and Mourinho's Chelsea

Manchester City made it four Premier League titles in five seasons with victory over Aston Villa. Where do they rank among the Premier League's greatest dynasties? Read more ...

Pep Guardiola trophies won at Manchester City, Barcelona and Bayern Munich

Pep Guardiola trophies won at Manchester City, Barcelona and Bayern Munich

Pep Guardiola has managed three of the most successful clubs in Europe and he has racked up trophy success at each stop. Here's the full list of trophies he's captured as manager. Read more ...

Manchester City wins Premier League title after wild comeback

Manchester City wins Premier League title after wild comeback

Manchester City clinched a sixth Premier League title in 11 seasons on Sunday by scoring three times in five minutes to come from behind to beat Aston Villa 3-2 in the finale. Read more ...

Man shot in chest while on balcony of River Oaks-area apartment complex, HPD...

The first time officers were called, they found three rounds had been fired into a bedroom. Less than an hour later, they returned and found a man had been shot. Read more ...