Apple (AAPL) released its Q3 earnings on Thursday, beating analysts’ expectations with record revenue of $83 billion despite fears of rising inflation. Here are the most important numbers from the report, and how they compare to Wall Street’s expectations, as compiled by Bloomberg. Revenue: $83 billion versus $82.7 billion expected Earnings per share: $1.20 versus $1.16 expected iPhone revenue: $40.7 billion versus $38.9 billion expected iPad revenue: $7.22 billion versus $6.9 billion expected Mac revenue: $7.4 billion versus $8.4 billion expected Wearables revenue: $8.1 billion versus $8.8 billion expected Services revenue: $19.6 billion versus $19.7 billion expected Apple’s stock was up more than 3% after the report. “Our June…
Author: Newsdesk
The Kwara state government on Friday denied claims of diversion of N300 million from the state local government fund. The Commissioner for Local Government, Chieftaincy Affairs and Community Development, Aliyu Saifudden said those making the allegation were only being mischievous. He explained that the N300 million was used to augment salaries and other expenses of local governments that were unable to meet the obligations. Saifudden said in Ilorin at the 32nd Media Parliament of the Kwara Council of the Nigeria Union of Journalists (NUJ) that the money accumulated over time from what remained of the monthly LG allocation. “A lot…
The Economic and Financial Crimes Commission (EFCC) has revealed fresh facts on how Nigeria’s suspended Accountant-General of the Federation (AGF), Ahmed Idris allegedly compromised the Treasury Single Account (TSA), Government Integrated Financial Management Information System (GIFMIS), Integrated Payroll and Personnel Information System (IPPIS) and carted away billions of naira belonging to the government. Idris and his co-defendants: Godfrey Olusegun Akindele and Mohammed Kudu Usman are standing trial in alleged N109 billion fraud before Justice A. O. Adeyemi Ajayi of the Federal Capital Territory High Court (FCT) Maitama, Abuja. At the resumed trial of the case on Thursday, July 28, 2022,…
The National Under-12 and Under 15 Handball Championship is set to hold in Sokoto from August 26 to September 4. The Secretary General, Handball Federation of Nigeria (HFN), Almo Lambu who made this known in a statement on Thursday, stated that the championship would enable the federation to discover future handball stars. ”The Caliphate City of Sokoto will once again be the host as the championship. ”The championship is sponsored by the ever dependable and handball loving Sokoto State Government,” Lambu said. He also urged teams to start registration early enough to prepare for the championship. He said that the…
The World Health Organisation (WHO) has warned that the world is currently facing a new outbreak of “unexplained acute hepatitis infections” affecting children. WHO Director General Tedros Ghebreyesus gave the warning on Thursday in his message to mark this year’s World Hepatitis Day, globally observed on July 28 annually. The aim of the Day is to raise global awareness of hepatitis — a group of infectious diseases known as hepatitis A, B, C, D and E — and encourage prevention, diagnosis and treatment. According to the WHO chief, the current uptick focuses attention on the thousands of acute viral hepatitis…
Sen. Ademola Adeleke, the Osun governor-elect, has inaugurated a 37-member Transition Committee to facilitate a smooth transition between the incumbent and the newly elected administration in the state. Inaugurating the committee on Thursday in Osogbo, Adeleke charged members to come up with innovation on how best to hit the ground running. “The composition of this committee stems from my desire to ensure a proper mix of various citizens with firsthand knowledge of state of affairs in this state,” he said He listed the terms of reference of the transition committee to include, ascertain facts and figures about the state of…
The management of the State House Clinic says it is partnering with the Apollo Hospital India to bring succour to patients suffering from cancer, kidney and heart related ailments in the country. The Indian hospital health is expected to offer consultancy on malignant cancer, end stage heart failure and remedies as well as kidney transplant. The Medical Director, State House Clinic, Dr Munir Yakasai, who welcomed the delegation of medical consultants from New Delhi, India, said the need to understudy India’s response to national health emergencies and guarantee qualitative health care provision informed the collaboration with Apollo hospital. He said:…
Nine hundred youths and women in Edo are benefitting from a phased funded agribusiness programme known as the Livelihood Improvement Family Enterprise in the Niger Delta (LIFE-ND). The Project Coordinator, LIFE-ND in Edo, Mr Jude Ekpu, disclosed this at a one-day orientation, organised for the beneficiaries on Thursday in Benin. The LIFE-ND project in Edo is being funded by the International Fund for Agricultural Development (IFAD), Federal and Edo governments. Ekpu stated that the project, which started in 2020, had so far empowered 1,150 youths and women in the state in the first phase of the project. He said that…
The federal government has charged critical stakeholders to re-double efforts towards ending open defecation by the year 2025. The Minister of Water Resources, Suleiman Adamu, gave the charge on Thursday in Ibadan, during the inauguration of the Oyo State Open Defecation Free Roadmap and Declaration of State of Emergency on Water Sanitation and Hygiene. The minister, who was represented at the occasion by the Ministry’s Permanent Secretary, Mrs Esther Walson-Jack, said that efforts and commitment of the stakeholders would make SDGs 6 on water and sanitation achievable. Adamu said the inauguration of the road map to end open defection by the Oyo State…
The Nigerian bourse on Thursday closed further with a loss, as market capitalisation shed N281.2 billion to close at N26.78 trillion from N27.06 trillion posted on Wednesday. Similarly, the All-Share Index (ASI) dropped by 1.04 per cent to close at 49, 667.14 points from 50,188.55 points recorded on Wednesday. The downturn was due to extended selloffs in Tier-1 banks such as Zenith Bank and Stanbic Bank. Consequently, the year-to-date (YTD) return fell to 16.27 per cent. Overall, market breadth closed negative as 28 stocks declined while 10 others appreciated. Upcredit recorded the highest price gain of 9.23 per cent to close at N3.55 per…