
Where Are the Most Affordable Homes in the UK?
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If you're looking to buy a home in the UK for the first time, you may want to look at Scotland. Skipton Group Chief Executive Officer Stuart Haire explains on this week's episode of In the City why it's a welcoming mix of lower house prices and competitive incomes. Haire joins host David Merritt to discuss the latest data from Skipton's Home Affordability Index, walking through the most—and least—affordable areas across the country. They also discuss the UK's wider affordability problem for first-time buyers.
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Services revenue is expected to grow at a year-over-year rate similar to the more than 13% increase in the June quarter. The Street was expecting to see 11% growth in the September quarter versus the year-ago period. So, this also appears to be in-line to better than expected. Gross margin for the September quarter is expected to be in a range of 46% to 47%, which would be better than the 45.7% expected, according to FactSet. This includes the estimated $1.1 billion tariff-related headwind mentioned earlier. Management expects September quarter operating expenses to be between $15.6 billion and $15.8 billion, a bit higher than expectations of about $15.4 billion, according to FactSet. This guidance assumes no deterioration in macroeconomic conditions and no changes in global tariff rates, policies or enforcement. It also assumes Apple's revenue share agreement with Google remains intact. The king's ransom paid Apple for Google search priority has been called into question due to the government's antitrust case against Alphabet . Capital allocation Apple ended the March quarter with $133 billion in cash and marketable securities. Excluding debt, net cash was $31 billion. During the quarter, Apple returned over $27 billion to shareholders, including $3.9 billion in dividends and equivalents and another $21 billion via share repurchases. (Jim Cramer's Charitable Trust is long AAPL, META, GOOGL. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. 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