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| Posted January 24th, 2012 at 5:12 pm EST by Eric Stern |
 Apple announced another record breaking quarter today. The Cupertino based company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion during the holiday season quarter (fiscal 2012 first quarter). The company sold 37 million iPhones and 15 million iPads. In addition 5 million Macs sold during the quarter. The only decline came on the iPod sales (down by 21%).
Apple stock (AAPL) traded at 454.23, up by 33.82 (8.04%) in the after hours market.
The complete press release can be found below.
Apple today announced financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.
The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter.
“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”
“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”
Source: Apple
| Posted January 19th, 2012 at 3:34 pm EST by Eric Stern |
 Apple released today a new iOS app called iTunes U. The app allows educators to deliver lectures, assignments, books, quizzes and syllabuse to students through their iOS devices.
Some of the key features include:
Free courses in a wide array of subjects
— Take free courses created and taught by instructors from leading universities and other schools
— See all assignments and updates from the instructor in one place, and check off assignments as you complete them
— Take notes and highlight text in iBooks and see them consolidated for easy reviewing in the iTunes U app
— Access course materials, including audio, video, books, documents & presentations, apps, and new iBooks textbooks for iPad
The world’s largest catalog of free education content
— Choose from more than 500,000 free lectures, videos, books, and other resources on thousands of subjects from Algebra to Zoology
— Browse collections from education and cultural institutions in 26 countries — including Stanford, Yale, MIT, Oxford, UC Berkeley, MoMA, the New York Public Library, and the Library of Congress
iTunes U is a free app. It is available today from the App Store and requires iOS 5.0 or later. The complete press release can be found below.
NEW YORK—January 19, 2012—Apple today announced an all-new iTunes U app, giving educators and students everything they need on their iPad, iPhone and iPod touch to teach and take entire courses. The all-new iTunes U app lets teachers create and manage courses including essential components such as lectures, assignments, books, quizzes and syllabuses and offer them to millions of iOS users around the world. The iTunes U app gives iOS users access to the world’s largest catalog of free educational content from top universities including Cambridge, Duke, Harvard, Oxford and Stanford, and starting today any K-12 school district can offer full courses through the iTunes U app. iTunes U has already become an incredibly popular learning tool for students with over 700 million downloads.
“The all-new iTunes U app enables students anywhere to tap into entire courses from the world’s most prestigious universities,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “Never before have educators been able to offer their full courses in such an innovative way, allowing anyone who’s interested in a particular topic to learn from anywhere in the world, not just the classroom.”
Prior to iTunes U, only students in the classroom at that time had access to educational content from top universities. With the iTunes U app for iPad, iPhone and iPod touch, those barriers no longer exist. Students anywhere can take an entire course with complete access to all course materials right at their fingertips. With the iTunes U app, students are able to access new books right from within the app, and any notes taken in iBooks are consolidated for easy reviewing. In addition to reading books, viewing presentations, lectures and assignment lists, students can receive push notifications so they always have the latest class information. The iTunes U app is available today as a free download from the App Store.
Educators can quickly and easily create, manage and share their courses, quizzes and handouts through a web-based tool and utilize content and links from the iTunes U app, the Internet, iBookstore or the App Store as part of their curriculum. They can also upload and distribute their own documents such as Keynote, Pages, Numbers or books made with iBooks Author.
Source: Apple, iTunes U
| Posted January 19th, 2012 at 1:14 pm EST by Eric Stern |
 
Apple announced today a new platform to allow authors create, manage and distribute textbooks and eBooks. Starting with a new iBooks 2 app for the iPad, Apple created a new category for Textbooks. Education service companies including Houghton Mifflin Harcourt, McGraw-Hill and Pearson will deliver educational titles on the iBookstore with most priced at $14.99 or less. “Education is deep in Apple’s DNA and iPad may be our most exciting education product yet. With 1.5 million iPads already in use in education institutions, including over 1,000 one-to-one deployments, iPad is rapidly being adopted by schools across the US and around the world,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “Now with iBooks 2 for iPad, students have a more dynamic, engaging and truly interactive way to read and learn, using the device they already love.”
In addition, Apple announced today a new tool to allow authors create textbooks and eBooks. iBooks Author is available today as a free download from the Mac App Store. It lets anyone with a Mac create iBooks textbooks, cookbooks, history books, picture books and more, and publish them to Apple’s iBookstore. Authors and publishers of any size can start creating with Apple-designed templates that feature a wide variety of page layouts. iBooks Author lets you add your own text and images by simply dragging and dropping, and with the Multi-Touch widgets you can easily add interactive photo galleries, movies, Keynote presentations and 3D objects.
Source: Apple, iBooks Author, iBooks 2
| Posted January 14th, 2012 at 1:11 pm EST by Steve Mayo |
 A Bloomberg report provided some more details on the next generation iPad (iPad 3). The report is citing three people familiar with the product. According to the report Apple will include LTE capable chips on the next iPad. iPad’s battery life is big enough to accommodate the power requirements of the new chip.
Apple is bringing LTE to the iPad before the iPhone because the tablet has a bigger battery and can better support the power requirements of the newer technology, said one of the people.
In addition, the report provides some information on the display of the new device. According to the source, the new display will have better definition than some of the HD TVs and the pixels of the new display are so small that “make the images look like printed material”
The new display is capable of greater resolution than the current iPad, with more pixels on its screen than some high- definition televisions, the person said. The pixels are small enough to make the images look like printed material, according to the person. Videos begin playing almost instantly because of the additional graphics processing, the person said.
Finally, according to the same report, mass production already started for the new device in China.
Mass production began at the start of this month, with factories running 24 hours a day in China, one of the people said. Manufacturing will halt over China’s Lunar New Year holiday this month and then ramp back up to a peak in February, the person said.
iPad 3 is expected to arrive mid to late March.
Source: Bloomberg
| Posted January 10th, 2012 at 10:07 pm EST by Steve Mayo |
 Apple confirmed today the acquisition of Israeli technology company Anobit Technologies. According to a Bloomberg report, Steve Dowling, spokesman for Apple, didn’t disclose any information on the cost or plans of the acquisition.
Apple Inc. (AAPL) said it acquired Anobit Technologies Ltd., an Israeli company that makes a flash-memory drive part for the iPhone and iPad, confirming a press report from last month.
…
Steve Dowling, a spokesman for Cupertino, California-based Apple, said today that the purchase had been made, while declining to elaborate. The statement confirmed a December report from in the Israeli newspaper Cacalist.“Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans,” Dowling said in a telephone interview.
It was previously reported that Apple paid $500 million for the acquisition.
Anobit Technologies will provide Apple memory signal processing technology that uses proprietary signal-processing algorithms to improve the performance of flash-memory chips. These memory chips are being used in iPods, iPhones and iPads today and the same technology is expected to move on the MacBook Pro line of notebooks.
Source: Bloomberg
| Posted January 5th, 2012 at 11:02 am EST by Eric Stern |
 Apple announced that its latest iPhone, iPhone 4S, will be available in 22 countries beginning Friday, January 13. iPhone 4S will be available in China, the largest mobile market in the world, on the same day.
Apple today announced that iPhone 4S, the most amazing iPhone yet, will be available in China and 21 additional countries on Friday, January 13. iPhone 4S is packed with incredible new features including Apple’s dual-core A5 chip for blazing fast performance and stunning graphics; an all new camera with advanced optics; full 1080p HD resolution video recording; and Siri, an intelligent assistant that helps you get things done just by asking. iPhone 4S comes with iOS 5, the world’s most advanced mobile operating system with over 200 new features.
“Customer response to our products in China has been off the charts,” said Tim Cook, Apple’s CEO. “With the launch in China next week, iPhone 4S will be available in over 90 countries making this our fastest iPhone rollout ever.”
Beginning Friday, January 13, iPhone 4S will be available in Anguilla, Antigua and Barbuda, Bolivia, Botswana, British Virgin Islands, Cameroon, Cayman Islands, Central African Republic, China, Dominica, Dominican Republic, Ecuador, Grenada, Guam, Guinea Conakry, Ivory Coast, Jamaica, Kenya, Madagascar, Mali, Mauritius, Niger, Senegal, St. Vincent and The Grenadines, Trinidad and Tobago, Turks and Caicos and Uganda.
Source: Apple
| Posted January 3rd, 2012 at 10:18 am EST by Steve Mayo |
 Apple is about to schedule a New York event in the next few weeks. According to TechCrunch, the event will focus on the iBooks platform and there will be no new hardware introduction.
According to the source the event will not involve any hardware at all and instead will focus on publishing and eBooks (sold through Apple’s iBooks platform) rather than iAds. Attendance will also be more publishing industry-oriented than consumer-focused.
The event will unveil improvements to the iBooks platform, according to the same source, and is not “major.”
There are other rumors suggesting that Apple will introduce the next generation iPad (iPad 3) at the end of February.
Source: TechCrunch
| Posted December 27th, 2011 at 12:26 pm EST by Steve Mayo |
 According to a new DigiTimes report today, Apple is about to launch a new product. The report suggests that Apple is getting ready for iTVs, 32 and 37-inch TV sets.
The supply chain of Apple will start preparing materials for iTV sets in the first quarter of 2012 in order to meet Apple’s schedule to launch the new display products in the second or the third quarter of 2012, according to industry sources.
Instead of a form of set-top box (STB) like the Apple TV launched in 2006, Apple’s new products will be full TV sets, the sources added.
Media reports in Korea also indicated that Samsung Electronics started producing chips for the iTVs in November 2011, while Sharp will produce the displays for the new TVs.
The displays of the new iTV sets will focus on 32- and 37-inch sizes initially, noted sources in the supply chain.
This is not the first time we hear rumors on Apple TV sets. Back in June, DailyTech reported on the new Apple TV set product. Also, Piper Jaffray’s Gene Munster is insisting since July 2010 that Apple is preparing a stand-alone, Internet-connected TV for release “within the next two to four years”.
If these rumors come true, we should expect an extremely high resolution HDTV, powered by iOS and controlled by Siri.
Source: DigiTimes
| Posted December 8th, 2011 at 2:49 pm EST by Steve Mayo |
 Reports of Apple working on a Retina Display iPad exist for a long time. Today, Citi analyst Richard Gardner said that there are no technical hurdles remaining and Apple will introduce the new iPad (iPad 3) in February.
Apple is ready to roll with a new iPad, says Citi analyst Richard Gardner in a note today.
According to “several sources” the next iPad will launch in February, and it will sport a screen with double the resolution of the current model. Gardner says, “there do not appear to be any significant technical hurdles remaining” to prevent a launch of a high-resolution iPad, despite rumors to the contrary.
Last month Apple added Sharp to its display suppliers for the next generation iPad.
Source: BusinessInsider
| Posted December 8th, 2011 at 1:53 pm EST by Eric Stern |
 Twitter today updated its iPhone app. Twitter version 4.0 brings new features and new user interface to iPhone users:
— Home is where you start from: a personal collection of Tweets from the sources you care about. The Tweet details show rich information such as replies, retweets and embedded images.
— Connect is the place to see who followed or mentioned you, retweeted or favorited one of your Tweets. It’s where you keep the conversation flowing.
— Discover is where you can tap into the stories and trends people are talking about in your world. You can also find friends, browse interests, and explore hashtags here.
— Me puts you and your interests front and center. From here you can exchange Direct Messages with your followers.
Twitter app is available for free from the App Store. Although the app is available for all iOS devices (requires iOS 4 and above), the above features are only available to the iPhone for now.
Source: Twitter
| Posted December 6th, 2011 at 7:12 pm EST by Steve Mayo |
According to a job posting at jobs.apple.com, Apple is looking to hire software engineers in order to enhance its iPhone digital personal assistance Siri. In … [continue reading...]
| Posted December 1st, 2011 at 9:59 am EST by Steve Mayo |
ChangeWave Research published its survey results on the iPhone 4S. The survey of 215 Apple iPhone 4S owners conducted between November 2 and November 6.
According to … [continue reading...]
| Posted November 29th, 2011 at 4:03 pm EST by Steve Mayo |
According to The Daily, Microsoft is working on a new version of its Office suite that will work on Apple’s iPad.
Microsoft is planning a version … [continue reading...]
| Posted November 27th, 2011 at 8:55 am EST by Steve Mayo |
According Japanese blog Macotakara.jp, Hitachi and Sony started to ship 4-inch LCD displays to Apple for a new iDevice. In addition the report says that … [continue reading...]
| Posted November 25th, 2011 at 8:28 pm EST by Steve Mayo |
Next generation iPad is expected in Q1 of next year but there are multiple reports suggesting that Apple is ready for mass production of the … [continue reading...]
| Posted November 25th, 2011 at 9:20 am EST by Eric Stern |
Apple started the annual, one-day only, Black Friday discount event earlier today. The discounts on almost all of the products are similar to previous years.
… [continue reading...]
| Posted November 22nd, 2011 at 11:08 am EST by Eric Stern |
Apple is getting ready for the traditional Black Friday event. In an email to customers, and on its website, Apple says that Friday, November 25 … [continue reading...]
| Posted November 17th, 2011 at 11:25 am EST by Eric Stern |
It looks like the “Can you hear me now?” Verizon Wireless ad campaign is over and a new one is starting: “Do you have signal? … [continue reading...]
| Posted November 17th, 2011 at 11:06 am EST by Eric Stern |
Holiday season is here and one of the hot items for one more year is expected to be the iPad 2. However, Apple is already … [continue reading...]
| Posted November 15th, 2011 at 9:51 am EST by Eric Stern |
Apple released iTunes 10.5.1 and officially enabled iTunes Match, a $25/year feature that allows your music to be uploaded to iCloud and become available to … [continue reading...]
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