Apple is ready to unveil updates to a number of key merchandise forward of the crucial festive buying season because it seeks to keep up its robust gross sales efficiency by the pandemic.
In a web based occasion broadcast from its headquarters in Cupertino, California, the worldwide tech big will this afternoon showcase the latest options on units corresponding to its Apple Watch and iPad. How properly the brand new merchandise promote in western markets between now and Christmas will largely outline how the corporate performs for its whole monetary yr, which began this month.
The corporate has already mentioned that its iPhones – nonetheless its greatest vendor – shall be delayed by a number of weeks, consuming into the variety of days buyers have to purchase them earlier than the vacations. Additional news on the iPhone is predicted in October.
A part of Apple’s activity immediately shall be to make the case that merchandise just like the Apple Watch assist preserve prospects within the Apple ecosystem, even when they don’t purchase the flagship iPhone as a vacation reward.
Non-public sector pay is ready to say no additional within the third quarter as employment ranges proceed to fall, in keeping with a brand new evaluation from the Nationwide Institute of Financial and Social Analysis (NIESR).
Taking a look at figures printed this morning by the Workplace for Nationwide Statistics, NIESR famous that common weekly earnings, together with bonuses, declined at an annual charge of 1 per cent throughout the three months to July. In actual phrases, taking account of inflation, wages had been 1.8% decrease.
The development sector was hit the worst with pay declining by 7.5%. However, public sector pay progress is at its highest since 2006 at 4.5%.
Aside from the general public sector, almost all sectors suffered decreased common pay. Development declined by 3.2% in wholesaling, retailing, lodges and eating places, and by 1.7% in manufacturing.
Trying forward, NIESR predicts that weekly earnings shall be down by 0.8% for the three months to the top of September, or 1.6% in actual phrases, when in comparison with a yr in the past.
“The UK labour market is getting into a really tough section with unemployment going up and wages declining within the non-public sector,” NIESR senior economist Cyrille Lenoel mentioned. “Because the impact of the pandemic lingers on, extra Authorities help could also be required to stop the long-term scarring from a surge in unemployment.”
The UK Authorities is scrutinising the $40 billion (£31.2bn) money and shares acquisition of Cambridge-based expertise star ARM by US computing big Nvidia.
John Glen, financial secretary to the Treasury, informed parliament immediately that “the Authorities is taking a really shut curiosity on this transaction”.
“It’s pleasing to see yesterday that events near the transaction mentioned that their headquarters would stay in Cambridge,” he added. “It’s a matter that we’re participating very carefully in.”
ARM co-founder Hermann Hauser mentioned the pledges made by Nvidia had been “meaningless except they’re legally enforceable”, citing the priority of US agency Kraft’s takeover of Cadbury in 2010 in an interview with the BBC.
Concern over the deal has additionally been raised by Prospect, the union for expertise employees, which described the takeover as a “worrying growth for the UK tech trade and for the gifted workforce at ARM, regardless of the assurances given by Nvidia about the way forward for the corporate”.