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Tag - First quarter
Analyst Steven Milunovich of UBS has cited market research from Consumer Intelligence Research Partners (CIRP) in a note to investors that contains both good and bad news: he believes Apple will beat last year's record of iPhone sales in the December quarter (Apple's fiscal first quarter) by a slim margin, but also says that Apple probably sold less of its highest-end iPhone models than it did a year prior. As a result, the average selling price (ASP) of an iPhone may have dropped by as much as 3.5 percent.
Apple has announced that it will release the results of its fiscal first quarter of 2015 on Tuesday, January 27. An earnings call is scheduled for 2PM PT that day, or 5PM Eastern, but the company typically issues a press release about 30 minutes beforehand. Barring unexpected developments, the call should include commentary by CEO Tim Cook and CFO Luca Maestri as they respond to questions from analysts and investors, and is expected by most pundits to result in a record quarter for the company.
Microsoft beat analyst expectations for the first quarter of 2015 today, posting $23.20 billion in revenue with a diluted earnings per share (EPS) of $0.54. Analysts expected the company to post EPS of $0.50 on $22.02 billion in revenue. Strong sales in consumer hardware and a 10 percent growth in the commercial sector were responsible for the boost in revenue.
After a less-than-optimal performance at the end of the 2014 fiscal year, Nintendo is looking at a rough start to the beginning of its new fiscal year. The game console manufacturer reported that it posted an operating income loss of more than $92 million (9.47 billion yen) during its first quarter of the 2015 fiscal year. Weak console sales and fixed expenses are largely to blame for the loss.
Research firm IDC reports that worldwide PC shipments grew at 15 percent in the second quarter of 2008. The quarter also saw Apple roughly tie Acer in the US market, assuming fourth place and missing third place by only a few thousand units. Demand in the United States suffered from the ongoing economic pressure, with rowth in the low single-digits. Dell continued its recovery with another quarter of double-digit growth, while HP saw year on year growth rise from the first quarter. Portable adoption continues to be a key driver, even though consumer share is generally at its lowest during the second quarter.
Dell has reported fiscal first quarter revenue of $16 billion, a 9 percent year-over-year increase. While net earnings of $0.38 cents per share represent a 12 percent increase, operating income was down 4 percent compared to the year-ago quarter. In a statement, Dell officials said that the results were driven by "better-than-industry growth of commercial and consumer products and services, and lower operating expense as a percent of revenue." Specifically, notebook sales skyrocketed 43 percent, a rate Dell says is 1.2 times the industry average. The consumer segment was also especially strong, with Dell claiming to grow global share of this market by 1.2 points to 8.8 percent during the quarter.
Google today posted its first quarter profits, thoroughly outpacing Wall Street analyst estimates, which were based on the effects a slowing economy would have on sales and earnings. According to CNN Money, the news follows a weak fourth quarter last year, with earnings coming in under analyst estimates. The report shows Google's income rising 30 percent to $1.31 billion – $4.12 a share – with $1.54 billion before one-time charges.
Apple has squeezed its way onto the top ten list of worldwide wireless phone suppliers, according to a recent report published by Gartner Consulting. The Inquirer didn't mention at which spot Apple sits, but noted that accompanying Apple into the top ten were China's ZTE, and Waterloo, Ontario-based RIM. The author for The Enquirer questions whether Apple can maintain its position as the first quarter of the year is underway.
Apple recently made available its first quarter financial data for 2008, which displayed record earnings for the company. Senior VP and CFO Peter Oppenheimer guided analysts and industry insiders through the quarterly figures, citing record Mac sales, with strong software and iPod sales backing the numbers. A strong install-base of Mac OS X 10.5 Leopard has also helped the company's quarter, with estimates being placed at a 19-percent install base on Macs. Apple's cash generation has doubled that of its net income, and has over $18 billion of financial reserves.
Apple's iPod sales were relatively flat year-over-year, showing 5 percent unit shipment growth but significant 17 percent revenue growth in the fiscal first quarter. 22,121,000 iPods representing $3,997,000,000 were sold in the quarter, compared to 21,066,000 units representing $3,427,000,000 in the year-ago-quarter. The higher revenue is likely due to a richer product mix caused by the sale of more iPod nanos and iPod Touch units and less iPod Shuffles. Other music related services generated $808 million in revenue vs. $601 million in the year-ago quarter. Meanwhile, 2,315,000 iPhones were sold in the quarter, representing $241 million in revenue -- a 107 percent sequential increase in units compared to the the fiscal fourth quarter of 2007.
Now AAPL Stock: 93.7 ( 0 )
Google prevails in UK street mapping case
Possibly setting the stage for other court battles in the UK, a High Court fight between Google and StreetMap.EU has concluded in Google's favor. StreetMap.EU claimed that Google's dominance in the field destroyed the 20-year-old firm's business, when Google started promoting its own service in search results over the older company's -- the judge disagreed. Commercial director Kate Sutton said after the judgment that "StreetMap has been frozen in time; because of what Google did, StreetMap has not been able to properly invest in the website since 2007." An appeal is planned. http://bloom.bg/1KKhECt
TestFlight updated for iOS, watchOS
Apple on Thursday updated its developer-oriented TestFlight software to version 1.3.2 for compatibility with apps being developed for iOS 9.3 watchOS 2.2, along with the usual "stability and performance improvements." Some developers, however, are still reporting some issues loading beta apps onto the watchOS 2.2 beta. The latest beta for developers was released on Monday, and is available through the App Store or Apple's developer portal. [3.60MB] http://apple.co/1PQ64pF
CBS: No recent streaming conversations with Apple
CBS CEO Les Moonves has made remarks, casting doubt on a launch of Apple's live streaming television service. In interviews this week, the executive said regarding negotiations with Apple that "we had conversations awhile back, and we haven't had recent conversations with them," adding that "the phone is always ringing" regarding similar services, but not with Apple on the line. http://cnnmon.ie/1PptJM6
Complex date setting bug crashes 64-bit iOS device
A serious bug has been spotted with iOS devices running iOS 8 or newer, with a 64-bit processor. If a user disables auto-check time, and manually sets the date of a device back to as far as it will go, then again to January 1, 1970, and finally rebooting, the iPhone is crashed, perhaps terminally. The bug affects the iPhone 5s and newer devices, running a processor from the A7 and up. Theories abound as to the cause of the crash, but the most credible seems to be a clock set to less than an arbitrary "zero" date, causing all manners of routines relying on the time setting to fail during startup. http://bit.ly/1TV6psS
Weber buys iDevices' iGrill, Kitchen Thermometer
Cooking gear manufacturer Weber is purchasing iOS accessory manufacturer iDevices iGrill and Kitchen Thermometer lines. As part of the purchase, Weber is working in parallel with iDevices to roll out a new version of the products, and associated apps, this spring. The terms of the deal were not disclosed. CEO of iDevices Chris Allen said that the transition will allow the company to "focus even more heavily on becoming a leader in the home automation market." http://bit.ly/1PFk3uZ
Vevo music video app launched for Apple TV
Vevo today announced its new native tvOS app for the fourth generation Apple TV. The new app allows users Siri Remote navigation for discovery of top videos by genre, or to search for individual artists and videos. Playlists generated on another device sync between all the iterations of the app. http://apple.co/1PFhxEU
HydraDock team unveils USB 3.1 Type C Roadie
KickShark, the team that brought the HydraDock desktop USB-C dock to market, has launched a Kickstarter project for The Roadie -- a USB 3.1 Type C standard-compliant pocket hub for the 12 inch Apple MacBook and other compatible devices. The Roadie occupies the same footprint on a desk as a credit card, with a short USB-C male cable on one end for connecting to a 12 inch MacBook, and a female USB-C port on the other end for plugging in a MacBook power adapter. One side has an RJ45 jack for gigabit Ethernet, and an HDCP-compliant HDMI jack that handles up to 4K displays. KickShark promises shipment of all products within four weeks of campaign completion. The "early bird" offer for the hub is a $69 commitment, with a $79 commitment for a Roadie after 500 backers have pledged. http://kck.st/1o6knw5