Daily Market Blog: iPhone and Facebook rock and roll
"Apple released results for their second quarter for the 2014 financial year last evening. The numbers, all except for the tablet, are eye popping, selling more iPhone's than anticipated, 43.719 million iPhones for the quarter in total. Estimates were for 37.7 million. Wow. China sales were strong, including demand for the prior model, the iPhone 4S is selling well in that geography. Strong performance too in emerging markets, really strong. It is a strong business tool now, with mention being given to Deutsche Bank and Elli Lilly on the earnings call."
"Facebook now have 1.2bn subscribers, who else has that many clients? The potential is infinite to connect almost any facet of life whether it be virtual communication, mobile payments, internet connections, gaming, retail, music and many many more. Communication is the core of our human existence and Facebook are about to make Billions from it. By proving that they can monetise mobile I think The Zuck and his management team have proven themselves (not that they had to) to be very smart a savvy operators. They have certainly earned my trust, we continue to add to this one."