Business

Ingrid is a reporter for TechCrunch, joining February 2012, based out of London. She comes from paidContent.org, where she was a staff writer, and has in the past also written freelance regularly for other publications such as the Financial Times. Ingrid covers mobile, digital media, advertising and the spaces where these intersect. When it comes to work, she feels most... ? Learn More Apple often gets a lot of love in Europe, but in the last quarter that wasn’t enough to help it against the tide of economic woe hitting the region. In today’s Q3 earnings call, CEO Tim Cook described sales in the region as “essentially flat to slightly positive” — and, not unlike the wider macro-economy, “that really hampered our total results.” Specifically, he noted that France, Greece and Italy were “particularly poor”, and Germany saw “only single digital positive growth.” Interestingly, the UK seemed immune to this situation and posted a “solid” 13 percent growth rate. Overall, though, the perfor...

Sam Ro | Jul. 20, 2012, 7:07 PM | 1,406 | Conventional wisdom would suggest that smoking is a business that's immune to economic downturns.  Some might argue that smoking might actually rise during periods of economic distress. However, the folks at Philip Morris International (PMI) would argue otherwise.  Earlier this week, they said cigarette volumes fell 1.2 percent in Q2 2012. The main reason for this was weakness in the European economy. PMI sells Philip Morris cigarette brands like Marlboro, Parliament, and Chesterfield outside of the U.S. Below are two slides from the presentation PMI management gave when they released their earnings announcement. Click Here To See How PMI's Regional Businesses Are Doing > Please follow Money Game on Twitter and Facebook. Follow Sam Ro on Twitter. x To embed this post, copy the code below and paste into your website or blog. View the original article here This post was made using the Auto Blogging Software from WebMagnates.org Thi...