Apple posts $6 billion profit in Q1 earnings call

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Date: Tuesday, January 18th, 2011, 14:56
Category: Finance, News

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Apple Inc. announced Tuesday that first quarter profits rose more than 77% to US$6 billion, or US$6.43 per diluted share, driven by record sales in three of its four major product categories, thereby beating analysts’ predicted earnings in the process.

Per AppleInsider, the company also posted record revenue of US$26.74 billion for the three-month period ended December 25, 2010, or more than US$2 billion above consensus estimates. The results compare to revenue of US$15.68 billion and net quarterly profit of US$3.38 billion, or US$3.67 per diluted share, in the year-ago quarter.

Apple sold 4.13 million Macs during the quarter, a 23% unit increase over the year-ago quarter. The company also sold 16.24 million iPhones in the quarter, representing 86% unit growth over the year-ago quarter. iPod sales during the quarter totaled 19.45 million, representing a seven percent unit decline from the year-ago quarter, while iPad sales came in at 7.33 million units.

“We had a phenomenal holiday quarter with record Mac, iPhone and iPad sales,” said Apple Chief Executive Steve Jobs. “We are firing on all cylinders and we’ve got some exciting things in the pipeline for this year including iPhone 4 on Verizon which customers can’t wait to get their hands on.”

Gross margin was 38.5% compared to 40.9% in the year-ago quarter. International sales accounted for 62% of the quarter’s revenue.

“We couldn’t be happier with the performance of our business, generating $9.8 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2011, we expect revenue of about US$22 billion and we expect diluted earnings per share of about US$4.90.”

Stay tuned for additional details as they become available.

Rumor: Apple prepping glasses-free 3D feature for next-gen iPod touch

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Date: Tuesday, January 18th, 2011, 05:49
Category: iPod, Rumor

It seems that when Nintendo announced Apple as the enemy of the future last year, they may have been on to something. Per Macotakara, Apple could be planning on including glasses-free 3D technology in the next iteration of the iPod touch, putting it in direct gaming competition with Nintendo’s upcoming 3Ds handheld gaming console.

A trusted source has reportedly stated that a Japanese manufacturer is currently preparing to produce a large quantity of glasses-free 3D capable LCD panels for the next generation iPod touch.

Interesting if it proves to be true and we’ll have to wait and see.

White iPhone 4 unit appears in Vodafone Germany’s SKU system

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Date: Tuesday, January 18th, 2011, 04:20
Category: iPhone, News

Wireless carrier Vodafone Germany was the source of minor attention on Monday with a spotting of white iPhone 4 listings in its inventory system. Per Engadget, entries for both the 16GB and 32GB versions of a “weiß” (“weiss,” or white) version showed up alongside the usual black (“schwarz”) versions. The source who leaked the images claimed these weren’t just placeholders and would have a launch “soon.”

The timing should be treated with caution as Apple has officially delayed the alternate color scheme until spring 2011. A spring debut even in March could have it on sale for three months or less before it was replaced with the iPhone 5. A white iPhone 4 isn’t thought likely to co-exist with the iPhone 5 as Apple has never had more than one previous-generation iPhone on sale at a time.

Unofficial reasons for the virtual cancellation of the white iPhone 4 have been broad. Most have pinned it on inconsistent coloring for the iPhone’s glass. In one circumstance, it was claimed that the white hue combined with the iPhone 4′s design interfered with the camera, but this hasn’t been proven so far.

Stay tuned for additional details as they become available and if you’ve been hankering for a white iPhone 4 since June, I’m not sure what to say.