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Apple’s Revenue Growth Over the Last Decade

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Apple’s revenue growth over the past decade has been nothing short of extraordinary. The company’s revenues have increased five-fold since the financial crisis with a corresponding twelvefold increase in its share price over the same period. Around this time last year, Warren Buffett began building a position in the tech giant; since then, it has added around 70% to its market cap. The company has certainly had its fair share of setbacks along the way. In 2012, former CEO and co-founder Steve Jobs succumbed to pancreatic cancer, sparking fears that the company’s direction would fatally alter as it had nearly done when Jobs was himself ousted from the company in 1985. More recently, Apple has drawn the ire of governments on both sides of the Atlantic for its elaborate scheme to minimise its tax bill. The company’s current CEO, Tim Cook, retorted by saying that Apple remains the world’s largest taxpayer. Regardless, Apple is well on its way to becoming the world’s first trillion-dollar company.

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The Darkest Hour: Fatalities in WW2

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darkest hour

Following the release of The Darkest Hour, which stars a beefed-up Gary Oldman as former British prime minister Winston Churchill, the Second World War has once again peaked the interest of the public. The movie depicts how Churchill dealt not only with the mess at Dunkirk in the opening stages of the war but internal divisions in his war cabinet as Neville Chamberlain and Lord Halifax pushed for a diplomatic solution to avoid all-out war. In the end, Churchill’s decision to go to war prevailed and, as the common quip goes, victory was seized through British intelligence, American strength and Russian blood. Looking at the number of fatalities that each side sustained, there is no small amount of truth to this statement. Following the collapse of the Molotov-Ribbentrop pact, the consequent launch of Hitler’s Operation Barbarossa and the eventual push back of German forces after their defeat in Stalingrad, an astronomical 20 million Russians died.

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How Are the Chinese Net Giants Faring?

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In the last year, China’s tech giants have really come into their own. Finally, Baidu, Alibaba and Tencent have shed their former reputation as “China’s version of [insert western tech company]” and begun to define their business models by their own terms. The market has rewarded them for it too: Baidu gained 60% in 2017, with Tencent and Alibaba each up about 120%, which trumped the price gains achieved by their western competitors. Tencent has cemented itself as the world’s biggest video games company due to its ever-expanding portfolio of mobile games and savvy investments in a broad range of foreign tech firms. Alibaba, meanwhile, has expanded into physical supermarkets in China, where it hopes to build further streams of revenue. Baidu is somewhat lagging, as its relatively small market cap indicates but the company is actively testing autonomous cars.

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How Big Banks Have Invested in FinTech Since 2013

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In the UK at least, fintech has been characterised by challenger banks such as Starling and Monzo opening their (virtual) doors to customers in recent years. However, that does not mean that big banks aren’t getting in on the fun too. Since 2013, premier investment bank Goldman Sachs has completed some 37 fintech-related investments with Citibank trailing with 25 similar deals over the same period. Kensho is one company that has received a lot of attention from Wall Street’s biggest players; Goldman, JPMorgan, Citi and Morgan Stanley all invested in the machine learning startup’s Series B fundraise last year at a valuation of $500m. with the advent of blockchain, it seems like 2018 will see many more fintech deals take place.

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