Apple’s founder Steve Jobs described the iPhone as a “revolutionary and magical” product when he unveiled it at the MacWorld conference on January 9, 2007, and it has gone on to transform the firm’s fortunes.
Since the launch of the iPhone, Apple’s share price has shot up from just $13.22 (£10.74) per share to $117.91, giving it a market capitalisation of $631.9billion and the title of world’s largest company.
The iPhone is responsible for the majority of the firm’s revenues, helping it to break the world quarterly profit record in Q1, 2014, before bettering it in Q3, 2015.
Such is the fanaticism of Apple devotees, the release of new iPhone models has in the past inspired hoards of people to camp overnight outside stores prior to sale.
Coconut yogurt pioneer Co Yo is looking to diversify into ice cream, snacks and food-to-go market, founder Bethany Eaton says.
She said that the firm is keen to reduce its reliance on coconut milk yogurts, which account for 95 per cent of the business.
Ice cream accounts for the rest and a revamped range will be launched in March, as part of its efforts to diversify its revenue base and could eventually account for a quarter of sales.
She added that Co Yo is working on new snack and food-to-go products.
Co Yo has 66 per cent of the market for dairy-free yogurts and turnover is projected to grow from £4.5million to £5.5million over the next 12 months.
Co Yo’s yogurts are stocked in Tesco, Waitrose, Ocado and Pret a Manger
Oil and gas exploration group Eco Atlantic is to float on the London Stock Exchange’s junior Alternative Investment Market later this month.
The firm, which is currently listed on the Toronto exchange, is looking to raise up to £3million to fund the development of its exploration blocks in Guyana and Namibia.
It will also use the proceeds to help it identify and apply for additional licences in Guyana and western Africa.
Eco holds a 40 per cent stake in an offshore block in the shallow water of the Guyana-Suriname basin in South America.
Tullow Oil has the remaining 60 per cent. It also has four offshore petroleum licences from the Namibian government.
Both areas have seen “significant oil discoveries” in recent years and Eco chief executive Gil Holzman said that the firm will be the only AIM oil and gas exploration company to have assets in Guyana.