Apple could sell 1 million watches opening weekend, and barely move the needle on Apple’s revenue (AAPL)


Apple will sell over one million Apple Watches over the opening weekend, according to Piper Jaffray analyst Gene Munster. By way of comparison, the iPhone 6 and 6 Plus sold over 10 million units in their first three days on the market last September, Apple says. Here's his reasoning:  1 million total Watch units in opening weekend would imply an attach rate of less than 1% of total iPhone users (close to half a percent). We believe given interest in the product and our prior survey work, a sub Read more [...]

Bank of America Reports Third-quarter 2014 Net Income of $168 Million on Revenue of $21.4 Billion(A); Loss of $0.01 per Share After Preferred Dividends


Dateline City: CHARLOTTE, N.C. Results Include DoJ Settlement Costs of $ 5.3 Billion (Pretax) or $ 0.43 per Share (After Tax) Continued Business Momentum Four of Five Businesses Report Higher Net Income Compared to Year-ago Quarter Originated $ 14.9 Billion in Residential Home Loans and Home Equity Loans in Q3-14, Helping More Than 43,500 Homeowners Purchase a Home or Refinance a Mortgage More Read more [...]

Whether You Like The Government Or Not, The IRS Expects Its Tax Revenue


Our once-proud nation is quickly devolving into a socialist nightmare where governmental coercion rules the day. Just read the comment section to any article posted on the Drudge Report; it’ll tell you all about it. Be that as it may, we’ve still got to pay our taxes. And if we don't, [...] Forbes - Personal Finance Read more [...]

Netflix waves to HBO as it inches past in quarterly revenue


Above: The new Netflix logo.Image Credit: Logo via Netflix, background by Eric BlattbergWhen the history of video programmers is written, today may be a key date. It’s the day when Netflix CEO and founder Reed Hastings posted on Facebook that his company squeaked past the legendary HBO in subscription revenue. Above: Netflix’s Reed Hastings tweaks HBO on FacebookImage Credit: Facebook The current tally: Netflix’s $ 1.146 billion to HBO’s $ 1.141 billion, as Netflix was boosted Read more [...]

Bank of America Reports Second-quarter 2014 Net Income of $2.3 Billion, or $0.19 per Diluted Share, on Revenue of $22.0 Billion(A)


Dateline City: CHARLOTTE, N.C. Results Include Litigation Expense of $ 4.0 Billion (Pretax) or Approximately $ 0.22 per Share (After Tax) Company Reaches Settlement With AIG to Resolve Residential Mortgage-backed Securities Claims for $ 650 Million Business Metrics Reflect Progress on Customer-focused Strategy Total Period-end Deposit Balances up $ 54 Billion, or 5 Percent, From Q2-13 to a Read more [...]

‘Jerusalem’ Surpasses $5 Million in Worldwide Box Office Revenue


WASHINGTON (June 5, 2014)—“Jerusalem,” a unique film adventure through the Holy Land for 3-D and 2-D giant-screen, IMAX® and digital theaters, with a particular focus on the ancient city of Jerusalem, has surpassed the $ 5 million mark in worldwide gross box office revenue, National Geographic Cinema Ventures (NGCV) has announced. An original production from Cosmic Picture and Arcane Pictures, the 43-minute film is narrated by Benedict Cumberbatch (“Star Trek Into Darkness” and PBS’ Read more [...]

Hardware torpedoes IBM's Q4 revenue


Still hampered by slow hardware sales , IBM reported a 5.5 percent decline in revenue for the fourth quarter, even as it managed to post a 6 percent gain in net income. Because of the sluggish revenue, IBM senior management will forgo their bonuses, or “personal annual incentive payments,” for the year, said Ginni Rometty, IBM chairman, president and CEO, in a statement. IBM’s fourth-quarter ... Hardware - Yahoo News Search Results Read more [...]