Related topics: net income · revenue · share · net profit · iphone

Apple quietly working on virtual reality: report

Apple has a team secretly working on virtual and augmented reality gear in a budding challenge to Facebook-owned Oculus Rift and Microsoft HoloLens, the Financial Times reported on Friday.

'Unfunded liabilities' a financial myth, expert says

A growing chorus of complaints about the U.S. government’s “unfunded” debts may be unsettling, but no cause to become unnerved, a University of Illinois tax expert says.

Trying to save more? Consolidate your bank accounts, researcher says

(Phys.org) —We all know we should save some money for a rainy day. Of course, that's easier said than done when you really, really want that new iPhone. Or that new designer jacket. Or both. But a University of Kansas researcher ...

Nintendo posts first annual loss

Japanese videogame giant Nintendo on Thursday posted its first annual loss since becoming a public company, blaming a soaring yen and price cuts on its consoles for sinking it $530 million into the red.

IBM raises guidance, beats Street estimates

IBM Corp. raised its income guidance for the year on Monday as earnings in the latest quarter increased 8 percent because of growth in all three of its major product categories.

Apple's pipeline: What's coming next

The most common refrain on Thursday among Apple Inc. investors and analysts was that the resignation of Chief Executive Steve Jobs should not affect the company's pipeline of products that are expected to drive strong earnings ...

Study gives more accurate picture of value of college education

A new study that is the first to use Social Security Administration's personal income tax data tracking the same individuals over 20 years to measure individual lifetime earnings has confirmed significant long-term economic ...

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Income

Income, refers to the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time." For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.

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