Lună: Octombrie 2015

Apple wants to sell you a television set, just not today

I believe this new Apple TV box is step one. Step two will be the streaming service. Once those two elements are in place and working well, that’s when step three comes in: the real Apple TV.When will this happen? My guess would be 2017 or 2018. I think that’s going to be when the adoption of 4K is widespread. Yes, you can buy a 4K television today, and yes many of them are becoming more affordable, but for Apple to succeed in selling a physical teleivsion, it needs to have leverage in those two areas first. Most people today are still using 1080P TVs. But in the next couple of years, I think 4K will start becoming the default choice for new TV buyers. We’re close, but not there yet.
I know what you’re thinking. “The TV business is horrible. There are no margins there!” That may be true, but guess what? There are no margins in the PC or smartphone business either. The margins only go to those who are making premium products with an OS they own and control. And guess who does that better than anyone? Apple.

Source: Apple wants to sell you a television set, just not today

Anunțuri

Apple announces Q4 2015 revenue of $51.5b: 48m iPhones, 9.8m iPads, 5.7m Macs | 9to5Mac

Source: Apple announces Q4 2015 revenue of $51.5b: 48m iPhones, 9.8m iPads, 5.7m Macs | 9to5Mac

Beat on all numbers, +28% revenue, +38% EPS, +99% China (which is quickly becoming the No 1 market for Apple), 13.5 bn of cash flow in a quarter (and 17 bn returned to shareholders), good guidance for the holiday season (growth, albeit slow, will continue even in the challenging comparison quarter to iPhone 6 launch). Go AAPL!

EU pressures Cyprus to adopt bank deposit guarantee schemes – Cyprus Mail Cyprus Mail

A March 2009 directive required member states to increase coverage of their Deposit Guarantee Scheme – first, to at least €50,000, and then, to a uniform level of €100,000 by the end of 2010.The new directive confirmed that €100,000 is an appropriate level of protection and provides that the DGS must be able to fund at least 0.8 per cent of covered deposits by 2024.

[…] A banking source said there were no EU countries with a DGS that had enough cash to compensate depositors of a systemic bank in case of bankruptcy.

It is understood that Cyprus’ fund had around €100mln. […] Insured deposits in Cyprus were €22.5bln.

Source: EU pressures Cyprus to adopt bank deposit guarantee schemes – Cyprus Mail Cyprus Mail

Very interesting. Just in case you were wondering how protected your first 100.000 euro are: not much. This will be tested again at some point, and Europe already has the answer in the „Single Resolution Mechanism” that provides haircuts to depositors, bondholders and bank shareholders, as big as needed, to recapitalize failing banks.

Yes, it is as crazy as it sounds.

Next financial crash is coming – and before we’ve fixed flaws from last one

The next financial crisis is coming, it’s a just a matter of time – and we haven’t finished fixing the flaws in the global system that were so brutally exposed by the last one. That is the message from the International Monetary Fund’s latest Global Financial Stability report, which will make sobering reading for the finance ministers and central bankers gathered in Lima, Peru, for its annual meeting.

Massive monetary policy stimulus has rekindled growth in developed economies since the deep recession that followed the collapse of Lehman Brothers in 2008; but what the IMF calls the “handover” to a more sustainable recovery – without the extra prop of ultra-low borrowing costs – has so far failed to materialise.

Meanwhile, the cheap money created to rescue the developed economies has flooded out into emerging markets, inflating asset bubbles, and encouraging companies and governments to take advantage of unusually low borrowing costs and load up on debt.

[…] Meanwhile, the failure to patch up the international financial system after the last crash, by ensuring that banks in emerging markets hold enough capital, and constraining risky borrowing, for example, means that a new Lehman Brothers-type shock could spark another global panic.

Source: Next financial crash is coming – and before we’ve fixed flaws from last one | Business | The Guardian