Apple, Inc (AAPL) event announced on Nov 10, Lenovo beat all the profit estimates in 3Q 2020 and Bayer settlement cost increased

GLBE Stock
GLBE Stock

Another event announced by the Apple on November 10, but the company did not provide any details except the tagline of “one more thing”.

AAPL recently announced new iPhones, iPads and other products. Apple is moving away from Intel processors and wants to introduce its processor range in its Mac computers, which can be revealed in the November 10 event.

The tech analysts are also expecting a new over the ear headphones version of AirPods and a similar tagging product like “Tiles” to increase its accessories business.

Lenovo announced its quarterly results on Tuesday and due to remote working trend in current pandemic, Company made more profit then the analyst expectations. Lenovo net profit jumped 53% for the reported quarter ended September 30, 2020, beating the analyst’s estimates of $224 million. Lenovo revenue increased by 7% to $14.5 billion.

Bayer, the company who makes drugs and farming pesticides said that the settlement costs over claims on its Roundup product has crossed $11billion figure with an addition of $750 million. Bayer signed an agreement with U.S. plaintiff’s lawyers in June but Judge later issues a side arrangement, known as a class plan for the future cases.

Bayer had to take extra provision in the tried quarter to cover the additional settlement cost. Bayer issued a statement on Monday, saying that the new plan would cost approximately $2 billion to the company compared to the initial estimated $1.25 billion.


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