The success of Apple's new iPhone; Buffett against bitcoin !steemCreated with Sketch.

in #economy7 years ago

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Apple's market capitalization has reached nearly $ 900 billion, after the first customers feedback on the new iPhone X was inspiring.

On Thursday, Apple posted a positive surprise with its quarterly revenue ($ 52.6 billion, 12 percent more than in the same period last year) and profit ($ 10.71 billion). At the same time, it announced a very rich final quarter, because of the new smartphone, expects $ 84 to $ 87 billion of revenue, a billion dollars a day! Apple's shares exceeded $ 172 on Friday, this year they are already almost 50% in plus.

Wozniak says he will not buy iPhone X right now

On Friday, sales of the new Apple iPhone X began worldwide. Customers waited in long lines to buy the phone among the first. They were not even frightened by Apple's co-founder Steve Wozniak, who admitted days ago that this time, he will not rush into the store, as he is completely satisfied with iPhone 8.

Facebook shares down despite high profits

Facebook also posted results, which have more than two billion users. Quarterly revenues rose by almost 50 percent, while profits rose 79 percent to $ 4.71 billion. As the company announced higher costs in the fight against the abuses occurring on this social network, despite a great result, the shares fell and moved away from the record where they were on Wednesday. This year, Facebook shares increased by 55 percent.

After ten years, the British increased interest rate

Among the events that were important on the financial markets last week, was decision by the British central bank to raise the key interest rate from 0.25 to 0.50 percent for the first time after more than ten years. Governor Mark Carney said metaphorically, that he wanted to take his foot off the pedal little bit and announced that the interest rate would gradually increase over the next three years.

Bitcoin this year gained an incredible 900 percent

CME Group, the world's largest futures contractor for various financial instruments, will soon offer bitcoin futures, which means a new crypto win, that has jumped by more than 900 percent over the past 12 months, and market capitalization is already 120 billion dollars , which is higher than value of Goldman Sachs.

Famous billionaire Warren Buffett, the best investor of all time, does not have a good opinion for Bitcoin. He is convinced that this is a classic bubble, and he does not see the potential in public coin offers (ICO). Only this year, companies have already raised $ 3.2 billion through ICO.


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Buffet does not understand btc, he views it as a 'thing' rather than a system. It is to replace fiat transactions. So what is the value of all fiat? Opposed to- what is the value of a single large bank that processes fiat?

Agree. The problem that I have whit his comments is that he will not admit, that actually stock market is bubble.

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