00:00Alright, here's some international updates. As investors navigate an increasingly uncertain market environment,
00:05corporate earnings and company updates remain key indicators of business health and future prospects.
00:10Here's a round-out of the latest corporate developments from overnight that could help shape your investment decisions today.
00:17Apple reported fiscal fourth quarter results that beat Wall Street expectations,
00:22driven by strong demand for its iPhone 18 Pro line-up and price increases that help offset rising memory chip
00:28costs.
00:29Revenue reached $114.48 billion, exceeding analysts' forecasts of $113.39 billion,
00:37while earnings per share came in at $2.10, above the expectation of $1.99.
00:44iPhone sales, which remain the company's biggest revenue driver, rose to $57.58 billion, surpassing estimates of $56.54 billion.
00:53Gross margin also improved to 47.9%, bidding analysts' expectations of 47.5%,
01:01supported by higher pricing on selected iPhone and MacBook models amid elevated component costs linked to the AI-driven memory
01:08chip boom.
01:10Meanwhile, Chief Executive Officer John Turner said demand for the company's first foldable smartphone,
01:15the iPhone Duo continues to outstrip supply despite reports of display issues affecting a small number of units.
01:22Apple shares rose 0.8% in after-hours trading following the stronger-than-aspected earnings performance.
01:31Anthropik reported strong third-quarter revenue growth but flagged mountain risks tied to the massive computing infrastructure needed
01:38to support its AI expansion as the company prepares for its highly-anticipated initial public-offering IPO.
01:45Revenue rose 47% quarter-on-quarter to $16.96 billion,
01:51while net loss narrowed significantly to $23.29 billion from $66.3 billion in the previous quarter.
01:59However, the growth rate slowed sharply compared with the 144% increase recorded in the second quarter.
02:06The AI startup also disclosed nearly $895.4 billion in future computing commitments,
02:13with partners including Amazon and Google highlighting its heavy dependence on data center capacity and external financing.
02:21The company warned that any disruption in financing for infrastructure providers could delay,
02:26reduce and or increase the cost of computing capacity critical to its operations.
02:32Investors are closely scrutinizing whether Anthropik's revenue growth can keep pace
02:36with its rising infrastructure obligations ahead of the IPO.
02:41While its customer base expanded to more than 11,900 clients, generating at least $100,000 annually,
02:49the company also reported an additional $5 billion in compute costs during the quarter,
02:54adding pressure on margins and raising fresh questions about the sustainability of the AI industry's rapid expansion.
03:03Binance customers withdrew a net $4.72 billion after the world's largest cryptocurrency exchange
03:09resumed operations following a massive $6.3 billion hack and attacked the FBI link to North Korea.
03:16Despite the scale of the theft, the outflows presented only about 3% of assets held on the platform,
03:23suggesting customer confidence has largely remained intact.
03:26Binance said it would fully reimburse affected users and has secured $6 billion from company funds,
03:33reserves and insurance resources to cover losses.
03:36The breach has renewed concerns about security risk in the cryptocurrency industry,
03:41particularly as digital assets become more closely linked to mainstream finance.
03:46Analysts warn that the attack could dampen institutional appetite for crypto investments,
03:51while spot Bitcoin ETFs recorded significant outflows following the incident.
03:56The hack also highlights the growing sophistication of North Korean cybergroups,
04:00which have reportedly stolen billions of dollars in crypto assets this year alone.
04:06Even so, broader market destruction has so far been limited.
04:09Binance, which serves more than 335 million users globally,
04:14said withdrawal activity has begun to stabilise
04:17and noted that it has also recorded fresh customer inflows since reopening.
04:22Meanwhile, blockchain investigators said a large portion of the stolen assets remains traceable,
04:27although recovering the funds will require rapid coordination across the crypto ecosystem.
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