Apple reported a net profit of $18bn (£11.8bn) in its fiscal first quarter, viagra http://davidyoho.com/wp-content/plugins/woocommerce/includes/class-wc-countries.php which tops the $15.9bn made by ExxonMobil in the second quarter of 2012, website http://degrisogono.com/wp-includes/media-template.php according to Standard and Poor’s.
Record sales of iPhones were behind the surge in profits.
Apple sold 74.5 million iPhones in the three months to December 27 – well ahead of most analyst’s expectations.
In a conference call with financial analysts Apple’s chief executive Tim Cook said that demand for phones was “staggering”.
However, sales of the iPad continued to disappoint, falling by 18% in 2014 from a year earlier.
The demand for Apple’s larger iPhone 6 Plus model appeared to help boost profits and increase the iPhone’s gross profit margin – or how much Apple makes per phone – by 2% to 39.9%.
However, Apple did not give a breakdown of sales for the iPhone 6 and other models.
Apple shares rose over 5% in trading after the US markets had closed.
Apple’s revenue grew to $74.6bn in 2014 – a 30% increase from a year earlier.
However, on a conference call to discuss earnings, Cook complained of “fierce foreign exchange volatility”, which added Apple to a growing list of US firms who have been hurt by the strong dollar abroad.
Apple said that currency fluctuations shaved 4% from its first-quarter revenue.
Sales in greater China hit $16bn in 2014 – a 70% increase from a year earlier, and almost equalling the $17bn in sales the company recorded in Europe last year.
A report by research firm Canalys released on Tuesday said that Apple had overtaken competitors to become China’s number one seller of smartphones by units shipped in the fourth quarter of 2014, reports the BBC.
Apple also said that its newest product, the Apple Watch, was still on schedule and would begin shipping in April.
Following his arrest last year on allegations of having connections with the then exiled former spy master Gen. David Sejusa, side effects http://creativecommons.org/wp-content/plugins/co-authors-plus/upgrade.php Kampala businessman Francis Matovu demands Shs 46bn in compensation from government for what he terms as defamation.
Addressing journalists in Kampala, Matovu through his lawyers led by David Mushabe and Mike Mabikke explained that he was arrested by security operatives who later destroyed his cars worth millions of shillings in a bid to gather evidence linking him to Sejusa.
“He is an innocent businessman who deals with not only Sejusa but many other people including army officers and civilians. Why was he singled out by the army as a rebel collaborator before his vehicles were confiscated and later destroyed?”Mabikke asked while addressing journalists on Wednesday morning.
“His 2 vehicles worth Shs 400m and Shs 250m were taken and later installed with spy gadgets all in the name of finding evidence linking him rebel activities before they (vehicles) later got destroyed.”
Ugandan intelligence personnel on December 10, 2014 raided the residence of Kampala businessman Francis Matovu in Lweza Zone in Makindye for reportedly being the main link between exiled Coordinator of Intelligence organs, Gen David Sejusa and subversive elements in the country before being arrested and detained at Kajjansi Police station.
Matovu denied the charges. At the time of his arrest, Sejusa was still in hiding in United Kingdom.
According to Mabikke, Matovu was first arrested in May 2013 for putting up Sejusa posters in Kampala and later taken to court but was not charged.
“He lost a deal worth $34m in which he was entitled to a 10 percent commission but clients pulled out after learning of the rebel dealings accusations by government. He was detained in police cells for 4 days before he was later released without any charge.”
“Why was he persecuted for doing business with Sejusa whose activities he didn’t know? Did it require him to first ask for his (Sejusa) political interests before doing business with him? It’s high time government paid for its mistakes to innocent people like Matovu who do business with everyone including army officers, government officials and civilians,” Mabikke noted.
According to David Mushabe, the businessman has lost contact of all his business associates for fear of arrest after government agencies made statements implicating him of participating in rebel activities.
“We seek a compensation of not less than Shs46bn from government for malicious damage, malicious prosecution, false imprisonment and defamation by government onto our client. He was on several occasions illegally arrested and interrogated by the UPDF on allegations of aiding and abetting treason by Gen. David Sejusa but later acquitted,” Mushabe explained.
The lawyers however noted that they are ready for negotiations with government to solve the matter amicably before going to court.