Beyond the "big story" about Apple's analyst-beating earnings, profits and surprise stock split, financial analysts got a chance to ask some probing questions during Wednesday's Apple conference call discussing the company's fiscal Q2 results. In a Q&A session accompanying the announcements, Apple CFO Lucas Maestri and CEO Tim Cook revealed some details and their thoughts on diverse areas of the business, ranging from specifics on China to the changing US smartphone landscape.
Top Stories | AAPL Stock: 524.75 ( -6.95 )
With the exception of iPads and the declining iPod, the numbers coming out of Apple's conference call with analysts mirror the title of Pixar's best movie: Up. Of primary importance to analysts were the better-than-expected iPhone sales, but Mac sales were also up from the year-ago quarter. Other numbers revealed in the course of the call were also positive; growth in China and Japan, strength in developing markets and new revelations on Apple TV and iTunes numbers.
8 hours ago | Posted in: accessories, iPhone apps, iPad apps
Movie, television and celebrity information database, IMDb, has updated its app for iOS today. The app allows users to find showtimes, watch trailers, browse photos, and create a "must-see" list of shows and films. In v4.2, users can now access US-wide television listings. Additionally, Amazon Prime is now integrated, meaning that whether a title is available on Amazon Prime is indicated upon searching. If the Amazon Instant Video app is installed, the media can be played immediately. The showtimes page design has been revamped, and a ratings history bug has been fixed. Free to download, the IMDb iOS app requires iOS 7.0 or later.
Once again, US District Court Judge Denise Cote has denied an Apple motion -- this time asking that the court delay the class-action lawsuit brought by 33 states and various consumer groups while Apple appeals her original guilty verdict in the federal case that alleged Apple led a conspiracy to fix e-book prices. The states are hoping to get further damages from Apple, up to a possible $840 million if the judge triples the damages asked for due to a finding of willful guilt.
On paper, the sales of the iPad in Apple's fiscal second quarter look bad: a 16 percent drop from the year-ago quarter, rumors of which already had pundits and business sites wondering if the iPad had peaked. Statistics, however, can sometimes be misleading -- and in an unusually proactive explanation, Apple CEO Tim Cook took time at the start of his conference call with analysts to explain that changes in channel inventory accounted for most of the "lower" sales.
The Federal Communications Commission (FCC) will circulate new "open" Internet regulations internally on Thursday. The new proposal will allow companies to pay Internet providers a fee for "special access" to customers and boosted speed of delivery of the paid content, on a "commercially reasonable" basis, paving the way for more deals like the one Comcast struck with Netflix. The FCC will determine what the terms will be on a case-by-case basis.
In a surprise announcement, Apple will do a 7:1 stock split on June 6, giving stockholders of record as of June 2 an additional six shares for every one share of stock they currently hold. Trading will resume on June 9 at the split-adjusted price, which CEO Tim Cook has said the company wants to be more affordable so that smaller investors can get into the stock. Given today's closing price of $524.75, the average price of a share would drop to $75 if the split were happening now.
Former Burberry CEO Angela Ahrendts will be joining Apple as its retail head "next week," Apple CEO Tim Cook revealed today during the company's Q2 conference call. Ahrendts has been confirmed as making the switch since last year, but until now neither Apple nor Burberry would give an exact timeframe. In the interim Ahrendts has been helping Burberry transition to her successor, CCO Christopher Bailey.
As a part of announcing its second-quarter results, Apple has also posted a detailed breakdown (PDF), exposing further facts. They reveal, for instance, that Apple's iPad revenues dropped 16.4 percent year-over-year, shifting from roughly $8.7 billion to $7.6 billion. The company has typically seen continuous growth for the iPad, but units fell from just under 19.5 million to 16.3 million. Cook later clarified that inventory changes made the drop seem much more dramatic than it actually was in terms of end-user sales.
Apple has posted $45.6 billion in revenues in its second fiscal quarter, up from $43.6 billion the same period a year ago. Net profits rose from $9.5 billion to $10.2 billion, or from $10.09 per share to $11.62. The company sold 43.7 million iPhones, an increase from the 37.4 million in Q2 2013. iPad sales came in at 16.3 million units, below a Wall Street consensus forecast of 19.7 million. The company also recorded 4.1 million Macs.
15 hours ago | Posted in: software
Google Play Music on Android can be used to stream music through AirPlay devices, thanks to a release from doubleTwist. MagicPlay: AirPlay for Android, downloadable from Google Play and works with the existing doubleTwist Player, will act as a bridge between Google's Cast API for streaming to the Chromecast and AirPlay, granting the music service AirPlay support.
15 hours ago | Posted in: accessories, iPhone apps, iPad apps
Calling and messaging app, Viber, today has announced an update for its iPhone app featuring a redesign for iOS 7. Viber facilitates free world-wide calling and messaging over a WiFi or 3G connections to other Viber users, with calls made to non-Viber landlines and mobile numbers possible at low rates. Viber v4.2.0 features a revised aesthetic to compliment iOS 7, and the added ability to send up to 10 photos and videos at one time to reduce redundancy in file transfer. Users can now send longer video messages, and contacts can see when a user is typing a message to them from an Android tablet, Linux, Mac, PC, or Windows 8 device. Viber is free to download through iTunes for devices running iOS 6.0 or later.
17 hours ago | Posted in: industry
US-based game retailer GameStop is planning to add 23 Simply Mac locations this year, and as many as 400 Spring Mobile and Cricket locations, says the Star-Telegram. The company bought out Simply Mac and Spring Mobile last year in an attempt to diversify its revenue. Simply Mac is an authorized Apple reseller, whereas Spring Mobile sells AT&T products; Cricket is based on the AT&T network. The expansion is expected to cost up to $140 million, based on a mix of buying existing outlets and constructing new ones. GameStop says it expects to add 200 to 250 Spring locations and 100 to 150 Cricket outlets.
18 hours ago | Posted in: mobile phones
The Samsung Galaxy S5 might be the phone that Android users have been craving for some time. Information coming out of Mobile World Congress painted the phone to be the next leap in innovation spearheaded by Samsung to breathe life back into their smartphones. From changes in the camera and adding pieces of technology to aid a healthy lifestyle, on top of a powerful set of internals, the phone has been set up by Samsung marketing to be the next must have phone for consumers at all levels. But is Samsung creating a phone that will indeed work for everyone, or are they stretching themselves too thin to cover so many ideas? Read our review and find out.
Analysts for two financial firms, Barclays and Morgan Stanley, are contending that Taiwanese firm Catcher Technology will supply metal casings for the next-generation iPhone. Both firms in fact expect Catcher's share of iPhone 6 casings to top 10 million units this year. Much of the argument is based on Catcher's existing involvement in the Apple supply chain; the firm is thought to produce casings for both the MacBook Pro and the iPhone 5s, to the degree that 40 percent of its revenue stems from Apple orders.
19 hours ago | Posted in: Graphics/Web Design
Google has updated its online Maps service by adding the option to view earlier Street View imagery. Users of Google Maps can, in a number of locations, use previously-collected Street View photographs to explore an area, and be able to compare recent shots of the location with those from the same place dated from as far back as 2007.
20 hours ago | Posted in: peripherals
Code contained in iOS 7.1 and 7.1.1 suggests that Apple is planning to bring Siri to the Apple TV. A PLIST file for Assistant -- an internal Apple name for Siri -- includes the Apple TV lineup under its collection of supported devices. Notably, though, no Apple TV to date has included the microphone that would be needed for Siri.
21 hours ago | Posted in: software, iPhone apps
Subscribers of Amazon Prime will be able to enjoy classic HBO shows in the near future, the retailer has revealed. At the same time, Amazon has announced HBO Go will be added to the company's Fire TV, allowing the streaming media box to show recently-broadcast programs as well as its archive of over 1,700 shows, original films, and specials.
22 hours ago | Posted in: iPod, iPhone, troubleshooting, software, iPad
Apple has released a minor update for the OS X version of FaceTime, v1.0.5. The patch is aimed directly at resolving connection problems some people have been experiencing, particularly in OS X Snow Leopard. The file is a 17.6MB download at the Mac App Store.
23 hours ago | Posted in: software, iPhone apps, mobile phones
WhatsApp has hit a milestone of half a billion active users, the messaging service has announced. The 500 million-user figure is 50 million more than it reported in February, when it also announced it was being acquired by Facebook for a total of $19 billion in cash and shares, with the service now seeing 700 million photographs and 100 million videos being shared between users every day.
Wed April 23, 2014 | Posted in: iPhone, industry, mobile phones, Apple
The biggest news in today's Apple vs Samsung patent trial was the previously-reported revelation of a secret deal between Google and Samsung in which the search and advertising giant not only agreed to indemnify Samsung if it lost on two of the patent claims in this trial, but that Google -- not Samsung -- was to "direct and control" litigation and defense on Samsung's behalf. The revelation, which Samsung had previously denied in court, will be used to diminish the Samsung claim that the case is really about Android.
A new Apple ad premiered tonight on Disney-owned ABC, called "Powerful." The 90-second spot (now available on Apple's YouTube channel) is the first this year to spotlight the iPhone 5s rather than the iPhone 5c, and features a band performing the Pixies song "Gigantic" while an array of apps -- beginning with musically-oriented ones, then branching off in other directions -- is shown. Like most recent Apple ads, the focus is on enabling people to do interesting things using their iPhones.
Tue April 22, 2014 | Posted in: iPhone apps, Apple, iPad apps
Among other updates issued on Tuesday, Apple has further updated the iOS versions of Pages, Numbers and Keynote -- formerly known collectively as iWork apps -- to version 2.2.1, just three weeks after its last update. The previous version introduced new features and restored old ones, but today's update lists only unnamed "stability and bug fixes," which might hint that the change is related somehow to an OpenSSL patch for 2013 Airport Extremes and Time Capsules issued earlier today.
On Tuesday, Apple -- which had previously said none of its key software, operating systems, websites or web services had been affected by the Heartbleed OpenSSL security flaw -- issued a patch to its 2013 (only) Airport Extreme and Time Capsule products that support 802.11ac to fix the issue. The 2013 Airport Express is not affected by the bug, and does not require the update. The patch boosts the firmware version on the Extreme and Time Capsule to 7.7.3 and "provides security improvements related to SSL/TLS."
Google attorney James Mccoun testified today that the search engine giant agreed to defend Samsung at least in part against some of the claims against it in the ongoing Apple versus Samsung trial. Apple played pre-recorded testimony from the attorney who confirmed emails that Google would provide some level of indemnity over four patents held by Apple if Samsung was sued, or would possibly take over defense of the claims.
As has been predicted for some time, a new malware threat exploits the same flaws in iOS that jailbreaking tools use in order to install itself on older jailbroken iPhones and iPads. The malware, likely to be found in devices where the user has installed third-party customizations, scans for the Apple ID and password of the user, then transmits it to remote servers. Current, 64-bit iOS devices like the iPhone 5s, iPad Air or second-generation iPad mini -- and un-jailbroken iOS devices of all sorts -- appear to be immune so far.
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