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Apple Crushes Earnings, Sovereign Funds Look to Xiaomi

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. ]

CIC Sells 10% Logicor Stake to Blackstone Fund

The China Investment Corporation (CIC) is selling a 10% stake of in European warehouse firm Logicor Ltd to a real estate fund managed by The Blackstone Group. Furthermore, CIC also hired Blackstone to oversee and manage Logicor’s warehouses and logistic properties portfolio.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Fintech Affirm Raises $200 Million in Series E Led By Singapore’s GIC

Affirm Inc., a financial technology firm which provides instant loans to consumers as an alternative to credit cards for their online shopping, has raised US$ 200 million in a Series E round lead by Singapore’s GIC Private Limited, with participation from Khosla Ventures, Lightspeed Venture Partners, Spark Capital, Caffeinated Capital, and Ribbit Capital. The new infusion of capital brings the San Francisco-based company’s total funding to US$ 450 million and a reported valuation of US$ 2 billion.

The company is founded by Max Levchin, a co-founder of PayPal (part of the PayPal mafia, dubbed by the tech press). Max Levchin is also an advisory board member of the Consumer Financial Protection Bureau (CFSB) in the United States.

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CHANGE: Saudi Arabia to Re-Open Movie Theaters, PIF Inks MoU with AMC

The Saudi Arabian government is ending its 35-year ban on cinemas. Next year, the government will allow cinemas to open. This watershed moment provides opportunities for entertainment companies to invest in Saudi Arabia and the surrounding region.

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