5 Killer Stats

Down 8%

Apple shares fall

Tech giant Apple published an unexpected update to the market on Wednesday evening, noting that lacklustre sales ahead of Christmas and also falling demand in China were set to take a toll on it’s profits for the October to December period. Revenues are now expected to come in around $84 billion, down from the forecast $91 billion, making for the company’s first sales decline in two years.
Down 8%

Down £4m

Forecast profits at Next

The fashion chain is traditionally one of the first to publish Christmas trading figures, with these being issued on Thursday morning. Despite a poor November, sales picked up in the weeks leading up to the break, although the company noted that some popular seasonal lines did come with a lower profit margin. Online sales continue to grow, up 15.2% on the same period last year and shares jumped almost 4% in the wake of the news.
Down £4m

Down $2,000

Tesla price cuts

US consumers buying Tesla cars had been qualifying for a $7,500 tax credit, but with over 100,000 vehicles having now been sold, this bonus has been scaled back. In a bit to maintain demand, Tesla has cut the price of it’s new cars by £2,000 each. Based on 2018 sales figures that would equate to $700 million worth of lost revenue in the year ahead.
Down $2,000

Up £300 million

Value of ASOS

Shares int he online fashion retailer may have plunged following a profit warning in mid-December, but that upbeat news from peer Next is being credited with helping drive a recovery in the stock. the share price is up almost 15% since the start of the week.
Up £300 million

20 years

Of the Euro

The common currency shared by 19 of the 28 European Union member states marked it’s 20th anniversary this week. It was first launched in an electronic form in January 1999, but Euro notes and coins didn’t come into circulation until January 2002. Despite it’s relative youth, the Euro is the second most traded currency in the world after the US Dollar.
20 years

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