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Apple smashed second-quarter estimates as it continues its iPhone 12 high and stores return to normal operations

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Tim Cook in Cupertino in September 2019.

  • Apple kicked off 2021 with $47.9 billion in iPhone sales as the iPhone 12 lineup remains a hit.
  • iPhone production wasn’t impacted by the chip shortage, but MacBooks and iPads reportedly are.
  • All of Apple’s US stores were also open in March for the first time since last year.
  • See more stories on Insider’s business page.

Apple reported $89.5 billion in revenue during its 2021 fiscal second-quarter, which ran from January to March for the phone maker.

The company’s Q2 saw all of its stores open for the first time since the start of the pandemic. And while its iPhone production was unaffected by the sweeping global chip shortage, its MacBooks and iPad are reportedly postponed due to the semiconductor crisis.

Here’s a look at the key numbers. Analyst estimates are based on Yahoo Finance data.

Here are the key numbers to watch from Apple’s Q2 earnings:

  • Q2 2021 revenue: $89.5 billion. Analysts were expecting $77.3 billion.
  • Q2 2021 earnings per share (EPS): $1.40, versus Wall Street estimates of $0.56.
  • iPhone revenue: $47.94 billion. Analysts were expecting $41.49 billion.

Apple’s fiscal second-quarter revenue is a dip from what was a record-breaking Q1 for the company when it reported more than $100 billion in sales, a first for the tech giant. The boom was in part driven by the holiday season and the company’s iPhone 12 line release in October. Some analysts called the lineup one of the most important launches that Apple has made in years.

Wall Street expects the company to deliver about 220 million iPhone units throughout 2021. iPhone production isn’t expected to be impacted by a global chip shortage that is slamming every industry. However, the production of some of Apple’s MacBooks and iPad has been delayed since the company pushed back some component orders for the devices to the back half of this year due to the shortage.

All of Apple’s 270 US stores were opened in March, marking the first time that the company’s retail presence in its entirety was open to customers since the start of the pandemic. However, stores will continue to observe limited capacity and other safety protocols.

Read more: The battle between Facebook and Apple over privacy is about more than just ads – it’s about the future of how we interact with tech

Apple faced mounting pressure in its fiscal second-quarter over a privacy crackdown that has begun rolling out. The iOS 14.5 software update, which became available Monday, requires app developers to ask for permission before they collect and track users’ data.

Facebook specifically has taken issue with the new feature since it directly impacts the company’s lucrative ad business, which is built upon data tracking.

Analysts estimate that Apple will pull in $68.67 billion in revenue for Q3. Apple’s fiscal third quarter, which runs from April to June, has already included a virtual event in which the company unveiled a new colorful line of iMac computers as well as a new purple-colored iPhone 12.

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Source: https://markets.businessinsider.com/news/stocks/apple-earings-q2-2021-revenue-iphone-eps-profit-analysis-2021-4-1030360334

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62 Biggest Movers From Yesterday

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Gainers

  • Curis, Inc. (NASDAQ:CRIS) shares surged 65.5% to settle at $16.27 on Wednesday in reaction to updated data from its ongoing open-label, single-arm, Phase 1/2 study of CA-4948 in patients with acute myeloid leukemia (AML) or high-risk myelodysplastic syndromes (MDS). The company also released quarterly results after the closing bell on Wednesday.
  • Lucira Health, Inc. (NASDAQ:LHDX) jumped 44.2% to close at $7.34 on Wednesday. Lucira said its Lucira CHECK IT COVID-19 test kit is now available on Amazon, Inc. in the US.
  • Autolus Therapeutics plc (NASDAQ:AUTL) jumped 35.5% to close at $6.76.
  • Summit Wireless Technologies, Inc. (NASDAQ:WISA) gained 31% to settle at $3.38 after the company issued Q2 sales guidance up 250%.
  • Second Sight Medical Products, Inc. (NASDAQ:EYES) jumped 27.6% to settle at $6.38 after the company disclosed two-year results of Orion study.
  • ShotSpotter, Inc. (NASDAQ:SSTI) jumped 25.4% to close at $38.67 following Q1 results. Craig-Hallum upgraded ShotSpotter from Hold to Buy and raised the price target from $40 to $45.
  • Barnwell Industries, Inc. (NYSE:BRN) rose 24% to close at $3.31 following Q2 results.
  • Larimar Therapeutics, Inc. (NASDAQ:LRMR) jumped 23.7% to settle at $10.34, rebounding after the stock fell on Tuesday due to safety concerns from the non-human primate studies for its CTI-1601 program.
  • Ra Medical Systems, Inc. (NASDAQ:RMED) shares gained 18.1% to $3.92 after the company reported better-than-expected Q1 results.
  • Mesa Royalty Trust (NYSE:MTR) gained 18.1% to settle at $5.07.
  • Harrow Health, Inc. (NASDAQ:HROW) jumped 16.4% to close at $9.08 after the company reported better-than-expected Q1 results.
  • Minerva Neurosciences, Inc. (NASDAQ:NERV) climbed 15.7% to settle at $2.58 after the company announced results from the 40-week open-label extension of its phase 3 trial of roluperidone for the treatment of negative symptoms of schizophrenia.
  • Lightbridge Corporation (NASDAQ:LTBR) rose 15.2% to close at $5.24 after the company posted a narrower quarterly loss.
  • Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) surged 15% to close at $4.21.
  • iPower, Inc. (NASDAQ:IPW) gained 14.8% to settle at $5.74 after the company priced its IPO at $5 per share.
  • Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) surged 14.6% to close at $3.69 in sympathy with Curis after the company reported an updated data in 2 abstracts for CA-4948 accepted for presentation at the European hematology association 2021 virtual congress.
  • Burning Rock Biotech Limited (NASDAQ:BNR) gained 14.2% to close at $29.85.
  • eGain Corporation (NASDAQ:EGAN) jumped 14% to settle at $10.26 after reporting Q3 results.
  • The ONE Group Hospitality, Inc. (NASDAQ:STKS) gained 13.5% to close at $11.38 after the company reported better-than-expected Q1 results.
  • Ideal Power Inc. (NASDAQ:IPWR) gained 13.3% to settle at $7.83.
  • Obalon Therapeutics, Inc. (NASDAQ:OBLN) jumped 13.3% to close at $3.32 following narrower quarterly loss.
  • Olema Pharmaceuticals, Inc. (NASDAQ:OLMA) gained 12.9% to close at $24.48 after the company posted a narrower Q1 loss.
  • Nemaura Medical Inc. (NASDAQ:NMRD) rose 11.1% to close at $10.06 after gaining 14% on Tuesday.
  • Biomerica, Inc. (NASDAQ:BMRA) shares jumped 10.9% to settle at $3.78. Biomerica recently said its COVID-19 antigen rapid test can be performed with a nasal swab.
  • SandRidge Energy, Inc. (NYSE:SD) gained 10.4% to close at $4.90.
  • fuboTV Inc. (NYSE:FUBO) surged 9.7% to close at $19.38 after the company reported better-than-expected Q1 sales and issued strong sales guidance.
  • CVR Energy, Inc. (NYSE:CVI) rose 8.5% to close at $22.77 after the company reported a $492 million special dividend. The company also reported it is interested in renewable fuels and is no longer interested in buying another crude oil refinery.
  • Comstock Holding Companies, Inc. (NASDAQ:CHCI) gained 8.4% to close at $6.17.
  • New Concept Energy, Inc. (NYSE:GBR) gained 8% to settle at $4.31.
  • The Hackett Group, Inc. (NASDAQ:HCKT) gained 6.8% to close at $17.12 following strong quarterly results.

Check out these big penny stock gainers and losers

Losers

  • Array Technologies, Inc. (NASDAQ:ARRY) shares tumbled 46.1% to close at $13.46 on Wednesday after the company reported worse-than-expected Q1 earnings. The company also reported it is unable to affirm previously provided guidance for FY21. Roth Capital, Barclays and Piper Sandler downgraded the stock.
  • Lianluo Smart Limited (NASDAQ:LLIT) shares tumbled 37.9% to close at $6.04 on Wednesday.
  • FTC Solar, Inc. (NASDAQ:FTCI) dipped 25.1% to close at $8.76. FTC Solar, last month, priced 19.84 million shares at $13 per share to raise $257.92 million in its initial public offering (IPO).
  • Sonim Technologies, Inc. (NASDAQ:SONM) fell 22.8% to close at $0.4789 after the company reported worse-than-expected Q1 results.
  • Navios Maritime Holdings Inc. (NYSE:NM) dropped 22% to settle at $8.21.
  • SelectQuote, Inc. (NYSE:SLQT) fell 20.1% to settle at $21.90 after the company reported downbeat Q3 earnings.
  • CuriosityStream Inc. (NASDAQ:CURI) shares fell 19.7% to close at $8.98 after the company reported downbeat Q1 results and said it has acquired One Day University.
  • Grocery Outlet Holding Corp. (NASDAQ:GO) fell 18.5% to close at $33.03 after the company reported weak Q1 sales. Deutsche Bank also downgraded the stock from Buy to Hold and announced a price target of $37 per share.
  • Lemonade, Inc. (NASDAQ:LMND) fell 18.5% to settle at $60.17 after the company reported Q1 results.
  • InflaRx N.V. (NASDAQ:IFRX) dipped 17.9% to close at $2.85 after the company reported Q1 earnings results.
  • Wix.com Ltd. (NASDAQ:WIX) fell 17.3% to close at $239.68 after the company issued Q2 sales guidance below analyst estimates.
  • Lumentum Holdings Inc. (NASDAQ:LITE) dropped 16.9% to close at $68.24 after the company reported downbeat quarterly sales and issued weak Q4 outlook.
  • Praxis Precision Medicines, Inc. (NASDAQ:PRAX) fell 16.3% to close at $21.63 after the company reported a 4 million share common stock offering.
  • Revolve Group, Inc. (NASDAQ:RVLV) dropped 16.3% to settle at $41.97.
  • Aemetis, Inc. (NASDAQ:AMTX) fell 16.3% to close at $10.41 after reporting Q1 results.
  • SemiLEDs Corporation (NASDAQ:LEDS) dropped 16.1% to close at $7.40.
  • VerifyMe, Inc. (NASDAQ:VRME) fell 15.8% to settle at $3.36.
  • Bridgford Foods Corporation (NASDAQ:BRID) fell 15.1% to close at $17.60.
  • Esports Entertainment Group, Inc. (NASDAQ:GMBL) tumbled 15.1% to settle at $9.51.
  • Kiromic BioPharma, Inc. (NASDAQ:KRBP) dropped 14.9% to close at $6.06.
  • Dunxin Financial Holdings Limited (NYSE:DXF) tumbled 14.8% to close at $2.07.
  • Futu Holdings Limited (NASDAQ:FUTU) fell 14.8% to close at $109.02 amid overall market weakness.
  • InnSuites Hospitality Trust (NYSE:IHT) shares fell 14.7% to close at $5.63. The stock has been moving for several days.
  • Exagen Inc. (NASDAQ:XGN) dipped 14.7% to settle at $12.85 following Q1 earnings.
  • Hovnanian Enterprises, Inc. (NYSE:HOV) fell 14.4% to close at $109.18.
  • Paysign Inc (NASDAQ:PAYS) shares fell 13.6% to close at $3.04 after the company reported worse-than-expected Q1 results and issued weak FY21 sales guidance.
  • Graybug Vision, Inc. (NASDAQ:GRAY) dropped 13.1% to close at $4.11 after jumping 11% on Tuesday.
  • Opendoor Technologies Inc. (NASDAQ:OPEN) fell 13% to settle at $15.18 after the company reported Q1 results.
  • Bright Scholar Education Holdings Limited (NYSE:BEDU) fell 12.8% to close at $4.15 after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and announced a price target of $2.70 per share.
  • Greenland Technologies Holding Corporation (NASDAQ:GTEC) shares declined 8.8% to close at $6.96 after reporting Q1 results.
  • HF Foods Group Inc. (NASDAQ:HFFG) fell 6.8% to settle at $6.45. The company recent released Q1 results.
  • Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) fell 6.6% to close at $3.52 after the company reported Q1 results.

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Source: https://markets.businessinsider.com/news/stocks/62-biggest-movers-from-yesterday-1030424999

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DAX Resumes Slide On Inflation Worries

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(RTTNews) – German stocks fell sharply on Thursday as overnight data showing a sharp rise in U.S. consumer prices triggered concerns over whether the Federal Reserve will be forced to change its policy stance.

It is feared that an increase in inflationary pressure could derail economic recovery from the coronavirus pandemic.

Investors now await U.S. producer price data and weekly jobless claims figures, due later in the day for further insights into economic recovery and the inflation outlook.

The benchmark DAX fell 314 points, or 2.1 percent, to 14,835 after closing 0.2 percent higher in the previous session.

Automakers BMW, Daimler and Volkswagen tumbled 3-4 percent while lender Deutsche Bank lost 2.8 percent.

Tech stocks extended recent declines, with Infineon Technologies losing nearly 2 percent.

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Source: https://markets.businessinsider.com/news/stocks/dax-resumes-slide-on-inflation-worries-1030424976

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5th WIC: At the forefront of innovation

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BEIJING, May 13, 2021 /PRNewswire/ — A news report by China.org.cn on the 5th World Intelligence Conference:

The 5th World Intelligence Congress (WIC) will take place in the northern Chinese city of Tianjin in late May.

The WIC, now in its fifth year, is constantly updating itself. This year, apart from the traditional series of conferences, exhibitions, competitions and smart tech experiences — as per pandemic control requirements — a special exhibition area will be set up for guest cities and countries of honor and international guests will be invited to visit the exhibitions and share their wisdom. In addition, the International Intelligent Sports Congress, an annual event during the WIC, will join hands with the world-famous Tencent Esports Honor of Kings regional contest in northern China for the first time this year to explore new fields and attract the younger generation. These changes all fit the WIC’s theme of “New Era of Intelligence: Empowering New Development, Fostering New Pattern.”

The original aim of the WIC was to develop China’s intelligence industry. As the organizers have gained experience and pioneered new ways of hosting the event, the Congress has gradually become a platform where cutting-edge technology and innovative ideas collide, with companies from around the world playing an important role. As it continues to innovate, the platform has truly promoted exchanges in the global intelligence industry, and fostered greater and deeper cooperation.

The host city Tianjin reflects the organizing principles of the WIC. As one of the first cities to industrialize in China, it boasts a long history and is constantly seeking innovation. The Tianhe Supercomputer and the brain-computer interface chip Brain Talker, are just two of the achievements to come out of the innovative Tianjin. Besides the intelligence industry, the “Tianjin National IT Innovation Valley” built by the city in recent years has attracted almost a thousand companies. Efforts are currently underway to create a 100 billion yuan-scale IT application and innovation industry cluster with a model of “gathering companies together, empowered by platform, driven by application, and making breakthroughs by groups.” In order to achieve sustainable innovation, Tianjin has also promoted the construction of science parks in universities. Tianjin aims to build five municipal-level university science parks by 2023 to integrate resources of universities and other social sectors to provide impetus for innovation and industrial development.

The WIC is a microcosm that represents the vision of Tianjin and China in promoting exchanges nationwide and worldwide, jointly promoting innovation, sharing outcomes, and achieving win-win progress. With the aim of building a community with a shared future for mankind, Tianjin, and China as a whole, are willing to work hand in hand with other countries.

China Mosaic
https://www.china.org.cn/video/node_7230027.htm

5th WIC: At the forefront of innovation
https://www.china.org.cn/video/2021-05/13/content_77494187.htm

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/5th-wic-at-the-forefront-of-innovation-301290611.html

SOURCE China.org.cn

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5th WIC: At the forefront of innovation

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Published

on

BEIJING, May 13, 2021 /CNW/ — A news report by China.org.cn on the 5th World Intelligence Conference:

The 5th World Intelligence Congress (WIC) will take place in the northern Chinese city of Tianjin in late May.

The WIC, now in its fifth year, is constantly updating itself. This year, apart from the traditional series of conferences, exhibitions, competitions and smart tech experiences — as per pandemic control requirements — a special exhibition area will be set up for guest cities and countries of honor and international guests will be invited to visit the exhibitions and share their wisdom. In addition, the International Intelligent Sports Congress, an annual event during the WIC, will join hands with the world-famous Tencent Esports Honor of Kings regional contest in northern China for the first time this year to explore new fields and attract the younger generation. These changes all fit the WIC’s theme of “New Era of Intelligence: Empowering New Development, Fostering New Pattern.”

The original aim of the WIC was to develop China’s intelligence industry. As the organizers have gained experience and pioneered new ways of hosting the event, the Congress has gradually become a platform where cutting-edge technology and innovative ideas collide, with companies from around the world playing an important role. As it continues to innovate, the platform has truly promoted exchanges in the global intelligence industry, and fostered greater and deeper cooperation.

The host city Tianjin reflects the organizing principles of the WIC. As one of the first cities to industrialize in China, it boasts a long history and is constantly seeking innovation. The Tianhe Supercomputer and the brain-computer interface chip Brain Talker, are just two of the achievements to come out of the innovative Tianjin. Besides the intelligence industry, the “Tianjin National IT Innovation Valley” built by the city in recent years has attracted almost a thousand companies. Efforts are currently underway to create a 100 billion yuan-scale IT application and innovation industry cluster with a model of “gathering companies together, empowered by platform, driven by application, and making breakthroughs by groups.” In order to achieve sustainable innovation, Tianjin has also promoted the construction of science parks in universities. Tianjin aims to build five municipal-level university science parks by 2023 to integrate resources of universities and other social sectors to provide impetus for innovation and industrial development.

The WIC is a microcosm that represents the vision of Tianjin and China in promoting exchanges nationwide and worldwide, jointly promoting innovation, sharing outcomes, and achieving win-win progress. With the aim of building a community with a shared future for mankind, Tianjin, and China as a whole, are willing to work hand in hand with other countries.

China Mosaic
https://www.china.org.cn/video/node_7230027.htm

5th WIC: At the forefront of innovation
https://www.china.org.cn/video/2021-05/13/content_77494187.htm

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/5th-wic-at-the-forefront-of-innovation-301290611.html

SOURCE China.org.cn

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://markets.businessinsider.com/news/stocks/5th-wic-at-the-forefront-of-innovation-1030424988

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