Daily Management Review

Analysts Are Positive That Apple & Facebook Will See A Revenue Boost In Their First Quarter


05/03/2017


Shares of Facebook and Apple “hit record highs” this week.



Facebook and Apple, both own an “outsized share of U.S. technology revenue”. At a time, when investors are looking for “evidence” for justifying the current year’s “stock market rally” of the U.S., the duo could expand their revenue in the American markets.
 
Both them are among the last ones from the “top five U.S. tech companies by market value” in coming up with their “quarterly results”, whereby the release follows the last week’s results announcement of Alphabet, Amazon.com and Microsoft. Thanks to these reports, confidence on the sector has been restores while impressing the analysts, whereby marking the “top performer on Wall Street in 2017”.
 
One of the Portfolio Manager of Synovus Trust, Daniel Morgan, said:
“If we look at the lion's share of the numbers, they're performing above expectations”.
“It gives validity to my position, which is that tech is, by far, the most exciting sector”.
 
Synovus Trust is one of the share owner of Apple as well as Facebook, amounting to “$41 million” and “$68 million”, respectively. On Tuesday, the 2nd of May 2017 Apple and Facebook’s share “hit record highs”. According to Reuters:
“Surges in Apple, Facebook and other Silicon Valley heavyweights have pushed the S&P 500 technology index up by 16 percent this year”.
 
The measures taken up by the President Donald Trump, including “steep” cut in corporate tax, besides easing up “tax restrictions on profits made abroad” proves to be a plus point for tech companies’ like Apple, enabling them to “return more cash to shareholders”.
 
The Thomson Reuters data informed that the five leading players of Silicon Valley “boosted their share of revenue among technology companies in the benchmark S&P 500 index to 46 percent in 2016, from 38 percent in 2013”.
 
Furthermore, Noel Randewich reports that:
“Facebook and Google, which is owned by Alphabet, received 77 percent of gross spending on digital advertising in 2016, compared to 72 percent the year before, according to industry data analyzed by Pivotal Research analyst Brian Wieser”.
 
In the course of last three months, the tech companies are expected to expand by “17.7 percent”, marking the “strongest quarterly expansion” since the year of 2014. Analysts expect that Apple will have a revenue boost of “4.8 percent”, while Facebook could have a revenue leap of “45.6-percent”.
 
 
References:
http://www.reuters.com







Science & Technology

Facebook may start production of its own microprocessors

Long-Term Alcohol Monitoring Could Be Possible With A New Injectable Chip Developed By U.S. Researchers

Sweden Now Has The First Electrified Road In The World

Over 270,000 Account Globally Banned From Twitter For Promotion Of Terrorism

Device Capable Of Hearing The Inner Voice Developed By Researchers

New mobile technologies will warn about natural disasters

The brewing industry welcomes blockchain

Asset-Sharing App Of Ryder Is Meant For Commercial Vehicles

Credit Suisse: China will become the leader in AI sphere

Five new technologies that will change the world

World Politics

World & Politics

Will Merkel accept Macron's plans for Europe?

USA and China are pushing North Korea to denuclearization

Germany's dilemma: Will the atomic energy win?

A Forceful Response To Syria Attack Will Be Given By U.S.: Trump

Is Trump’s Maximum Pressure Tactic On North Korea Succeeding Because Of China?

Why are Turkey-EU relations moving back?

Record-Breaking $39 Million raised for Rare Cancer Research in 2018 by Cycle for Survival

Hackers stole data of 5 million bank cards