Author: Vitaliy Dadalyan

An analyst estimated how long Apple customers hold onto their devices — and the findings might surprise you (AAPL)

During its last earnings call, Apple announced that there are 1.3 billion active devices in the world. Given that a little over 2 billion Apple products have been sold, we can calculate how many inactive devices are around. Asymco analyst Horace Dediu used this number to figure out the average lifetime of Apple devices.


...Read the rest of this story

Dow falls 230 points at open after Trump tweets that 'trade wars are good'

Stocks are continuing their slide Friday, with the Dow Jones industrial average opening down 230 points, or 0.95%, after President Donald Trump said that trade wars are good. "When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win," Trump tweeted.


...Read the rest of this story

How Shell hid a Whale before placing Mexican oil bet

How Shell hid a Whale before placing Mexican oil bet

LONDON/HOUSTON (Reuters) - The gasps in the audience were clearly audible at the auction of Mexico's oil blocks a month ago as Royal Dutch Shell's hefty bids were announced one by one. The size of Shell's cash payments - $343 million (249.04 million pounds) out of the total of $525 million that Mexico earned in the sale - far outstripped its competitors' offers, guaranteeing that the company swept up nine of the 19 offshore blocks. Six months earlier, its drilling rig had struck a giant oil reservoir, the Whale well, in the U.S. side of the Gulf of Mexico - just across the border from many of the Mexican blocks, which share a similar Paleogene-age geology.


...Read the rest of this story