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Apple Crushes Earnings, Sovereign Funds Look to Xiaomi

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Apple, the maker of many I-things, like the iPad, iPhone and iPod, delivered strong earnings. Apple’s revenue topped at US$ 74.6 billion and US$ 3.06 in earnings per share. 74.5 million iPhones were sold, up 46% compared to the previous year. Equity research analysts expected only 65 million iPhones to be sold. iPhone revenue was US$ 51.2 billion, being the largest contributor of company revenue. Furthermore, Greater China had significant revenue for Apple. On January 27th, Apple had its earnings call in which CEO Tim Cook said, “Apple has reported another historic quarter, demand for iPhone is ‘staggering.’ This volume is hard to comprehend.”

By analyzing company revenue growth, Apple’s biggest growth market is China. Apple will end up facing a rising Xiaomi.

Apple Inc – Q1 2015 Unaudited Data – Revenue in Millions USD

Operating Segments Q1, Y2015 Q4, Y2014 Q1, Y2014
Americas 30,566 19,750 24,789
Europe 17,214 10,350 14,335
Greater China 16,144 6,292 9,496
Japan 5,448 3,595 5,045
Rest of APAC 5,227 2,136 3,929
Total APPLE 74,599 42,123 57,594

 

Across the Pacific, smartphone maker Xiaomi has analyzed its Western competitor Apple. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Capital Constellation Backs Middle Market PE Platform

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Capital Constellation is the investment platform owned by the Alaska Permanent Fund Corporation (APFC), RPMI Railpen, and Wafra Inc. on behalf of the Public Institution for Social Security of Kuwait (PIFSS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Canadian Pension Giants Could Support Trans Mountain Pipeline Deal

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The British Columbian (B.C.) government and indigenous groups publicly oppose the Trans Mountain Pipeline project over a number of issues, which include environmental concerns (potential pipeline spills) and land protections. The threat of project derailment sent jitters to Houston-based Kinder Morgan, Inc., requiring the company to halt non-essential spending on Trans Mountain Pipeline L.P. Calgary-based Kinder Morgan Canada Limited, which owns the pipeline, is a listed company that is 70% owned by Kinder Morgan and 30% owned by stock market investors (float). Kinder Morgan Canada hired TD Securities to explore options regarding the future of the pipeline.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Goldman Sachs Poised to Name David Solomon as New CEO

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Goldman Sachs is poised to name David M. Solomon, the firm’s president, as its new CEO, replacing Lloyd C. Blankfein. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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