(10 December 2021) During the first quarter of 2019 (Apple’s second fiscal quarter), sales of the Apple iPhone decreased by 17 percent compared to the same quarter last year. Since announcing its results for the second fiscal quarter, Apple's share price has also dropped six percent.
The iPhone first quarter results were neither unexpected nor the steepest decreases in iPhone revenues the company has faced. Apple reported more dramatic decreases in iPhone revenues during the second and third quarters of 2016 as well as the first quarter of 2018. Earlier this year Apple's CEO Tim Cook also warned investors that he anticipated sales would slow primarily because of the economic deceleration in China. Cook called out China’s 4Q 2018 GDP growth specifically, which was the second-lowest of the last 25 years.
While revenue growth from other Apple products and services remains strong, Apple’s net revenue was down five percent to $58 billion in the wake of slowing iPhone sales, highlighting the company’s vulnerability to this revenue stream. The iPhone makes up 54 percent of Apple’s sales value. The company's reliance on the iPhone is, however, gradually shifting toward other products, including the iPad and Apple Watch, and services, such as Apple Music and the recently unveiled TV streaming platform Apple TV+.
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(29 March 2021) Today Starbucks is the largest coffeehouse company in the world, with 32,938 retail locations as of the first quarter of 2021, followed distantly by coffee shop chains such as Dunkin Donuts with about 10,000 restaurants, Tim Hortons with 4,300 outlets, and Costa Coffee with nearly 1,700 stores worldwide. Starbucks was founded in 1971 in Seattle, Washington, and incorporated on November 4, 1985, to become the publicly traded Starbucks Corporation.Based on the company's positive, sustained operating results, it is ranked among Forbes' Top-500 world's biggest public...
Corporate growth strategies typically include some combination of deepening existing market penetration and new product and market development. New market entry through acquisitions, greenfield investment, joint venture or other forms are considered generally to be the most controllable ways to drive business growth. And, many emerging markets, such as Brazil, India, Argentina, with their growing middle-classes are attractive targets for these growth strategies. With the ever-increasing complexity underlying trade openness, regulatory, and tax systems, among other factors...
Ecuador has the world's highest share of nascent entrepreneurs per capita at about 30 percent of the population. This measure is known as total early-stage entrepreneurial activity (TEA). But, does this mean that Ecuador is more entrepreneurial than the United States, which has a TEA of only 14 percent? The answer depends on how we define “entrepreneur”. One key global economic growth driver is the ability of an entrepreneur to bring a concept to market, adding to national income, providing new goods and services, and creating jobs. In doing so, innovative entrepreneurship...
The Washington, DC-based International Consortium of Investigative Journalists (ICIJ) has released a database of the so-called Panama Papers - information leaked primarily from Mossack Fonseca, one of the world's leading global law firms providing services of incorporation of offshore entities and headquartered in Panama. The leak is the largest ever of offshore financial records and contains about 11.5 million legal and financial records dating back more than 40 years. The files expose more than 213,000 offshore entities created in 21 jurisdictions, stripping away the secrecy from...
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