Apple investors should look at Spotify and shudder
As smartphone sales hit a wall, the softer ‘services’ side of the tech giant’s business holds out the promise of fatter profits. But it’s not going to be an easy option, writes Shira Ovide
Apple investors eager for higher profit margins should read Spotify’s latest financial disclosures, and should have a few antacids handy when they do.
The company’s document for its public stock listing highlights how tricky it is to turn a profit in digital music. Spotify Technology SA’s gross profit margins drastically improved last year thanks to new contracts with the record labels, but the company is still doling out 75 to 80 cents of...
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EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year
Out of Office: National Cyber Security Centre to get additional €2.5 funding and 20 new roles
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The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures