LONDON, April 25, 2012 -- /PRNewswire/ --
In the following guide we show you how you can use the iPhoneâ„¢ trading app from spread betting provider City Index [1] to take a position on Apple's share price following their second quarter earnings announcement at the close of the US market last night [Tuesday 24 April 2012].
Apple Earnings: A Look Back at Q1
Apple announced record financial results for its fiscal 2012 first quarter on 24 January 2012. The tech bellwether posted a record quarterly revenue and net profit of $46.33 billion and $13.06 billion, respectively; with international sales accounting for 58% of the quarter's revenue.
In the 14 weeks leading up to 31 December 2011, the company sold 37.04 million iPhone devices and 15.43 million iPadsâ„¢; representing a 128% and 111% year-on-year growth.
Commenting on the results, Apple CEO Tim Cook stated: "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."
iPhone Trading App from City Index
The industry's first free iPhone trading app [2] , City Tradingâ„¢, was released in October 2009 by City Index; providing clients with full and secure access to their spread betting and CFD trading accounts direct from their iPhone device from wherever they are, whenever they want.
In 2009, less than 2% of City Index's total volume of trades were placed through a mobile device - however - today in 2012, close to 20% of the total volume of trades placed at City Index are made through a mobile device and approximately 85% of that is through the iPhone.
This rise in popularity could be due to Apple's rise in sales and City Index's ongoing improvements to its City Trading app.
iPhone Trading App Features
Having gone through multiple developments since its launch in 2009, updated features include the most powerful live charting packages available on the market and live financial news [3] feeds from the Dow Jones Newswires.
Spread bettors using the City Trading app for iPhone can also:
- Check the latest prices and market movements
- Open and close positions
- Set stop and limit orders including if done and OCO (one cancels other)
- Create new or amend existing orders
- View pending, completed and cancelled orders
- Monitor positions using City Index's unique positions chart
- View and amend multiple Watch Lists
- Review trade and order history
- Be confident that all information and transactions are secure
Download the City Trading app for free from the App Store [4] .
Spread bet Apple shares with City Index
Traders choosing to spread bet with City Index [5] can benefit from paying no Capital Gains Tax (CGT) or Stamp Duty* at present in the UK on all profits made through any trades; including Apple shares.
With the ability to go both long and short on a trade, spread bettors have the potential to profit from a market's share price regardless of whether it is rising or falling.
It is important to remember however, that as a leveraged product; spread betting can result in losses greater than your initial deposit. Ensure you fully understand the risks.
*Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances.Â
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month in over 50 countries. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting [6] .
We constantly look to improve the performance of our platforms and expand our range of services. The result is our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ [7] for details.
SOURCE City Index
What You Should Know About Comments on Sacbee.com
Sacbee.com is happy to provide a forum for reader interaction, discussion, feedback and reaction to our stories. However, we reserve the right to delete inappropriate comments or ban users who can't play nice. ( See our full terms of service here. )
Here are some rules of the road:
• Keep your comments civil. Don't insult one another or the subjects of our articles. If you think a comment violates our guidelines click the "Report Abuse" link to notify the moderators. Responding to the comment will only encourage bad behavior.
• Don't use profanities, vulgarities or hate speech. This is a general interest news site. Sometimes, there are children present. Don't say anything in a way you wouldn't want your own child to hear.
• Do not attack other users; focus your comments on issues, not individuals.
• Stay on topic. Only post comments relevant to the article at hand.
• Do not copy and paste outside material into the comment box.
• Don't repeat the same comment over and over. We heard you the first time.
• Do not use the commenting system for advertising. That's spam and it isn't allowed.
• Don't use all capital letters. That's akin to yelling and not appreciated by the audience.
• Don't flag other users' comments just because you don't agree with their point of view. Please only flag comments that violate these guidelines.
You should also know that The Sacramento Bee does not screen comments before they are posted. You are more likely to see inappropriate comments before our staff does, so we ask that you click the "Report Abuse" link to submit those comments for moderator review. You also may notify us via email at feedback@sacbee.com . Note the headline on which the comment is made and tell us the profile name of the user who made the comment. Remember, comment moderation is subjective. You may find some material objectionable that we won't and vice versa.
If you submit a comment, the user name of your account will appear along with it. Users cannot remove their own comments once they have submitted them.
Links
- ^ spread betting provider City Index (www.cityindex.co.uk)
- ^ iPhone trading app (www.cityindex.co.uk)
- ^ financial news (www.cityindex.co.uk)
- ^ App Store (itunes.apple.com)
- ^ spread bet with City Index (www.cityindex.co.uk)
- ^ financial spread betting (www.cityindex.co.uk)
- ^ http://www.cityindex.co.uk/ (www.cityindex.co.uk)
No comments:
Post a Comment