Apple's iPhone in perspective

How much worth Apple's iPhone business?

Revenues from the sale of the iPhone are higher than the total revenue of Google, eBay and Facebook.
Apple Inc. is hosting its annual splash today to unveil a new version of its most important product, the iPhone. Thecompany has also used the occasion to update customers, analysts and investorson its performance and other products - and this year will probably be no different.

There are lots of valuable new things to watch!
But although much of the attention before the event is focused on what will offer new models than Apple iPhone (iPad, or giant new Apple Tv), the performance of the device is the most important in terms of the future of Apple.After the iPhone was first introduced in 2007, it quickly became the largest financial source of Apple, forming 69% of the company's revenue in the last quarter of 2014.

 

The Statista’s graph shows how huge is actually the business of iPhone. In the last quarter Apple has generated more sales from iPhone's than Google, eBay and Facebook have generated together.
Enjoy Apple's iPhone new upgrades!

German trade surplus hit a record high

European stock indexes are close to register their best session since a week after good news from Eurostat and Germany.

German trade surplus hit a record high in July. The Federal Statistical Office announced that exports increased by 2.4% on a monthly basis to 103.4 billion euros, while imports rose by 2.2% to 80.6 billion euros.  That put the trade surplus of 25 billion euros at a record high. The largest economy in Europe looks in excellent condition amid refugee crisis and the slowdown in China.

Eurostat revised upward the data on gross domestic product of the euro zone to growth in the second quarter by 0.4% on a quarterly basis and 1.5% yoy. 

The preliminary expectations were growing economy with respectively 0.3% and 1.2%. It seems that the policy of quantitative easing from the European Central Bank still has an effect, and efficiently supports economic growth in Europe.

On this background FTSE 100 rose 1.95% to 6193 points, DAX won 2.55 % to 10,366 points and CAC 40 increased by 2.23%, to 4651 points.

China's GDP revised down

The tension in the Chinese stock market has returned  today.

The investors reacted negatively to the weak data on the economic growth in China.

The Gross Domestic Product (GDP) in China expanded 7 % in the second quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in China averaged 9.04 % from 1989 until 2015, reaching an all time high of 14.20 % in the fourth quarter of 1992 and a record low of 3.80 % in the fourth quarter of 1990. 

China revised down its GDP growth to 7.3 percent for full 2014, 0.1 percentage point lower than the previously released figure of 7.4 percent as services sector expanded less than initially projected. 

China's total GDP in 2014 was CNY63.6139 trillion, down CNY32.4 billion fromthe initial estimate of CNY63.6463 trillion, according to thethe statement posted on the National Bureau of Statistics website onSeptember 7th, 2015.

Shanghai Composite index reported a decline of 2.55% at the end of today's trading, as the stock market in Shanghai remained a loss of nearly 40 %t from the record highs reached in mid-June.

Tomorrow is expected to be announced important data on the trade balance of the country in August in the light of forecasts for a fall in both imports and exports.

US stock indexes fall, USD gained support

US stock indexes are falling. Ultimately, Friday's report on US Nonfarm Payrolls for August was interpreted as a supportive factor for the increase interest rates by the Fed in September. This attitude gave support to the dollar and suppresses the stock markets.

173 000 new jobs were created in America in August , fewer than the expected 220 000. At the same time, the unemployment rate surprisingly dropped to seven-year low of 5.1%, and employment data in the previous two months were revised upward, indicating that the US labor market is stable and Fed still could raise interest rates.

Amid these data Dow Jones fell by 1.% to 16,108 points. The Nasdaq is down by 1.02% to 4685 points and S&P 500 dropped by 1.49%, to 1922 points.

The dollar rose by 0.04% to 1.1120 EUR/USD. DXY is up by 0.05% to 96.45.

The futures price of US light crude for October delivery fell by 0.96 % to 46.30 dollars per barrel.

 And gold fell by 0.44% to 1 120.54 dollars per troy ounce.

31% rise in Lego's first-half net profit

The Danish toy manufacturer Lego reported a 31 % jump in profit for the first half of the year  and 23% revenue growth.
The revenue in the first half of 2015 increased by 18% compared with the same period last year measured in local currency (i.e. excluding the impact of foreign exchange rate changes).
Lego states that almost all its markets enjoyed double-digit growth, but in Asia it is the largest.
The company said that its net profit rose to 3.55 billion Danish kroner ($538.2) in the first six months of the year. For comparison, during the same period last year the amount was 2.72 billion DKK.
The sold toys for the fist half of the year worth 14.14 billion Kronor.
Lego said the rise in earnings was boosted by strong sales of Lego Ninjago and Lego Elves sets, but also the weakness of the Danish krone and the euro against most major currencies.
Lego, which is owned by the most wealthy Danish family, expects its sales to continue to grow in 2015.

Gold price is slighlty down

Gold fell today after four consecutive days of growth, caused by uncertainty about the fate of the Chinese economy. The spot price went down to $ 1136 per troy ounce after yesterday's one-week peak of $ 1147.

the long-drawn losses in Asian markets can redirect resources to the yellow metal to support it, especially after yesterday it showed that factory activity in the US hit a two-year low in August and earlier it was reported that same sector in China has shrunk last month with the highest rate for the last three years.

The markets' attention is directed to the US jobs data for August, which will go out on Friday. Strong data will reinforce the opinion that there will be an increase in interest rates of the Federal Reserve. This will become clear after the meeting on 16 and 17 September.

Europe's migration crisis

Since the beginning of January 2015 more than 350 thousand migrants have crossed the Mediterranean.

The Mediterranean Sea is called the world's deadliest border because thousands of desperate migrants and refugees drown on unseaworthy boats trying to reach Europe from Africa and the Mideast.

Nobody knows the exact number of those who died. It is assumed that they are around 2,600 people, according to the International Organisation for Migration.

For comparison, in the past year in the EU were accepted 185 thousand immigrants which is a growth of 50% compared to 2013. Bulgaria is in ninth place for approved applications for asylum. The first place is for Germany with 47,500.

Only yesterday 3600 people were sent from Budapest to Vienna by train. The member countries literally shift the responsibility and finally the migration wave is ending Germany. 

And the German cities are already suffocating under the flow of foreigners.

Currently EU member states bargain over how many immigrants to be admitted in each of them.

Bulgaria expects to be again among the countries where most people will remain.

In the long term immigrants can become the engine of economic growth, but in short term, the poorest country in the EU can not afford the costs necessary for their integration and it is not a question of solidarity and economy.