Apple posts $7.31 billion profit for third quarter

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Date: Tuesday, July 19th, 2011, 13:44
Category: Finance, News

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A combination of record iPhone and iPad sales combined with continued growth of its Mac business pushed Apple to reported sales of US$28.57 billion and net profit of US$7.31 billion for the three-month period ended June 25, 2011.

Per Macworld, the sales and profit figures—both quarterly records—increased last year’s third-quarter performance by 82 percent and 125 percent, respectively. Apple reported earnings of US$7.79 per share, which beat analyst estimates of $5.85. Analysts had also been looking for Apple to reach US$24.92 billion in sales for the quarter—a figure the company topped by nearly US$4 billion.

“We are extremely pleased with the momentum of our business,” chief financial officer Peter Oppenheimer told analysts during a conference call to discuss the earnings report on Tuesday. Oppenheimer noted that during its 2011 fiscal year, Apple has recorded US$35 billion in year-over-year revenue growth and US$9.5 billion in year-over-year earnings growth—increases of 78 percent and 99 percent, respectively.

Apple says it sold 20.34 million iPhones during the just-completed quarter, a 142 percent increase from the phones it sold during the same period last year. That’s also the most phones Apple has ever sold during a quarter, topping the 18.65 million mark set just three months ago.

The iPhone racked up strong sales despite Apple skipping its customary summer introduction of a new model, after releasing the iPhone 4 in the summer of 2010 and the iPhone 3GS the summer before that. The last new iPhone released by Apple was a CDMA version of the smartphone compatible with Verizon’s wireless network; that model came out in February. The long-awaited white version of the iPhone also shipped in April.

Apple sold 9.25 million iPads during the third quarter, the first full quarter of sales for the iPad 2, which arrived in March. Apple says its iPad sales topped last year’s figures by 183 percent. It also set a new record for quarterly iPad sales, besting the previous mark of 7.3 million during the 2010 holiday shopping season.

Mac sales rose 14 percent from last year, with Apple selling 3.95 million computers. That’s a record for the third quarter, Oppenheimer said. Growth of Mac sales also outpaced market-research firm IDC’s forecasted PC market growth by more than four times, Apple pointed out.

The quarter saw Apple introduce new iMacs with quad-core processors, improved graphics, and Thunderbolt connectivity. All told, Apple sold 1.15 million desktops, accounting for about 30 percent of the Macs sold during the quater. The company sold 2.79 million portable Macs during the quarter, with the MacBook Pro and MacBook Air driving those sales, according to Oppenheimer.

iPod sales continued to decline from the heights of previous years. Apple says it sold 7.54 million iPods, a 20 percent drop from last year, though Oppenheimer said that was above the company’s expectations. The iPod touch accounts for about half of all iPods sold, according to Apple’s figures.

Stay tuned for additional details as they become available.

VirtualBox updated to 4.1.0

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Date: Tuesday, July 19th, 2011, 05:07
Category: News, Software

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VirtualBox, an open source x86 virtualization project available for free has just hit version 4.1.0. The new version, a 82.8 megabyte download, sports the following list of fixes and changes:

– Support for cloning of VMs (bug #5853, see the manual for more information): full clones can be created through the GUI and VBoxManage, linked clones only through VBoxManage.

– GUI: enhanced wizard for creating new virtual disks.

– GUI: new wizard for copying virtual disks.

– GUI: keep the aspect ratio in scale mode (Windows and OSX hosts only; bug #7822).

– VMM: raised the memory limit for 64-bit hosts to 1TB.

– Experimental support for PCI passthrough for Linux hosts, see the manual for more information.

– Windows guests: Experimental WDDM graphics driver, supporting Windows Aero (bug #4607) and providing
– Direct3D support using a cleaner approach (no need to install the guest drivers in Safe Mode anymore).

– Guest Additions: status of modules and features can now be queried separately by the frontends.

– Networking: new network attachment mode “Generic Driver”, which offers an open plugin architecture for arbitrary and separately distributable virtual network implementations.

– Host-only Networking: fixed host crash in kernels prior to 2.6.29.

– New Networking Mode UDP Tunnel: allows to interconnect VMs running on different hosts easily and transparently, see the manual for more information.

– Experimental support for SATA hard disk hotplugging available with VBoxManage.

– Solaris hosts: New Crossbow based bridged networking driver for Solaris 11 build 159 and above.

VirtualBox 4.1.0 is available for free and requires Mac OS X 10.4 or later and an Intel-based Mac to install and run.

If you’ve tried the new version and have any feedback, please let us know.

Rumor: Apple slated to release Mac OS X 10.7, next-gen MacBook Air on Wednesday

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Date: Tuesday, July 19th, 2011, 05:49
Category: MacBook Air, Rumor, Software

It’s the rumor mill that keeps life interesting…

Per AppleInsider, Apple could launch both its Mac OS X 10.7 Lion and its widely anticipated Thunderbolt-equipped MacBook Air notebooks on Wednesday.

According to sources with proven track records, the new product launches are set to occur later this week. Specifically, one person said the products would be released on Wednesday at 8:30 a.m. Eastern.

The latest details align with what rumors that have been circulating this month, when it reported that new MacBook Air models with backlit keyboards and Thunderbolt ports would launch the week of July 21.

Those details were reaffirmed late last week in a separate report that corroborated other details, including the fact that Apple is expected to do away with the entry-level 64GB solid-state flash hard drive option. Instead, the new MacBook Airs are expected to have a minimum of 128GB in capacity.

The new notebooks, according to Concord Securities analyst Ming-Chi Kuo, are also expected to come with 4GB of RAM as the standard. That extra memory will allow the systems to better run Mac OS X 10.7 Lion, Apple’s next-generation operating system, also said to become available this week.

Apple has been holding off on the introduction of new Mac hardware until it finally releases Lion. Apple has not offered a specific launch date for the operating system, only promising that it will become available on the Mac App Store for US$29.99 at some point in July.

A few weeks ago, Apple began undertaking preparatory measures to unveil Lion. While it was initially believed that the operating system could have gone on sale as soon as last week, there have been rumors of last-minute holdups associated with the logistics and infrastructure related to Apple’s switch to a digital distribution method through the Mac App Store.

The Golden Master of Lion was seeded to developers on July 1. The term “Golden Master” means that the software is viewed as a final build that will be identical to the software released to the general public.

While Lion and the new MacBook Air models are said to be set to launch this week, there has been no specific indication given regarding any other hardware. However, Apple provided its own evidence of a forthcoming refresh to its LED Cinema Display last week, when it posted images on its site showing a Thunderbolt-equipped display with the new part number “MC914.”

Supply of Apple’s white MacBook has also been severely constrained since late June, suggesting a change to the product could be forthcoming. Since then, there has been no indication of an imminent hardware refresh.

Stay tuned for additional details as they become available.

Rumor: Copies of Mac OS X 10.7 begin arriving at Apple Store locations

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Date: Tuesday, July 19th, 2011, 03:40
Category: Rumor, Software

You’ve waited a while and it’s almost here.

Per MacRumors, hard disk drives bearing the Golden Master version of Mac OS X 10.7 Lion have arrived at Apple’s retail stores ahead of an imminent launch, according to a new report.

The site wrote on Monday it had confirmed that Apple retail stores “have begun receiving final copies” of Lion. The company has reportedly shipped the OS on hard drives intended for store demo computers.

The “Golden Master” build of Lion was first seeded to developers on July 1. Lion, which contains hundreds of new features, will be the first OS X release to be distributed through the Mac App Store, where it will sell for US$29.99.

Sources also indicated that Apple will release Lion alongside new Thunderbolt-equipped MacBook Airs as early as Wednesday. According to one person familiar with the matter, the products will be released at 8:30 a.m. Eastern on Wednesday.

Apple began retail preparations for Mac OS X Lion earlier this month. Though various reports had suggested that Lion would arrive last week, rumors then emerged that last minute issues with the upgrade had pushed it back to the week of July 21.

In addition to high-speed Thunderbolt ports, the new MacBook Air models are expected to include Intel’s new Sandy Bridge processors and minimum RAM and SSD specs of 4GB and 128GB respectively.

Stay tuned for additional details as they become available.