Analysts expect Apple to post its first revenue decline - however slight - since 2019
Apple reports December quarter earnings on Thursday, and analysts expect the company to post its first revenue decline – however slight it may be – since 2019.
Apple CEO Tim Cook
Kif Leswing for CNBC:
The company couldn’t build enough of its high-end iPhones when its primary assembly facility in China was shut down for weeks during covid lockdowns.
Apple gave a rare warning to investors that…
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Europe nations imported 101mn tonnes of LNG last year, which is 58% more than in the entire of 2021, as per the data provided by Refinitiv. Read the full news.
Europe was the most prominent & biggest importer in the global liquified natural gas sector in the year 2022, with the region buying considerably higher volumes than its competitors as it attempts to replace the shrinking Russian pipeline gas supplies. As per the news, EU nations acquired 101mn tonnes last year, which is 58% more than in the entire of 2021, as per the data provided by Refinitiv.
In previous years, the EU fall down to Japan and China on LNG imports but Russia’s attempt at energy weaponisation since its invasion of Ukraine has compelled the bloc to adopt alternative fuel sources.
Due to Europe’s requirements to import higher volumes to cater to its storage facilities in 2023, the global LNG market is expected to stay tight, possibly pushing up costs for gas users across the world.
“When the prices increase in Europe, Asia undoubtedly is required to expand the amount it pays accordingly to survive the competition to attract LNG cargoes,” stated Olumide Ajayi, senior LNG analyst at Refinitiv. “Europe has turned into a top-notch market.”
Samsung Electronics Likely to Report Best Quarterly Profit in 3 Years
Samsung Electronics Likely to Report Best Quarterly Profit in 3 Years
Samsung Electronics is likely to turn in its best quarterly profit in three years and a record revenue, on rising memory chip prices and brisk sales of its new foldable smartphones, analysts’ estimates show.
Operating profit for the world’s biggest memory chip and smartphone maker likely jumped to KRW 16.1 trillion (roughly Rs. 10,000 crores) in the quarter ended September, according to a…
