Apple posts $54.5 billion in revenue, $13.1 billion profit for Q1 2013 financial returns

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Date: Wednesday, January 23rd, 2013, 21:21
Category: Apple TV, Finance, iPad, iPhone, iPod, News, retail

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It was a profitable quarter, but there were setbacks compared to last year.

Per Macworld, for the company’s first fiscal quarter of 2013, Apple posted revenue of US$54.5 billion and a net profit of US$13.1 billion. Revenue rose 17.7 percent from the 2012 first quarter, while profit was flat year-over-year. Apple earned US$13.81 per share, down half-a-percentage point from the US$13.87 it earned in the year-ago quarter.

Apple’s quarterly performance was in line with Wall Street expectations. Analysts were looking for sales of around US$54.7 billion for the quarter and earnings per share of US$13.42.

iPhone sales hit a record for the quarter ended Dec. 29, 2012, up 29 percent year over year to 47.8 million phones. That was within the 46 to 47 million range analysts were looking for. Apple says it sold 3.7 million phones a week during the quarter, compared to weekly sales of 2.6 million during the 2012 quarter.

iPhone sales growth was strong in all sales regions, Oppenheimer said, but particularly in Greater China, which includes China, Taiwan, and Hong Kong. Sales doubled year over year in that region.

Oppenheimer credited the “tremendous popularity” of iPhone 5 for driving Apple’s phone business—a not so subtle slap at rumors of sluggish iPhone 5 sales. Breaking with Apple’s typical practice of not addressing rumors, Cook did dismiss reports of iPhone order cuts.

iPad sales also set a new high-water mark, with 22.9 million tablets sold, compared to 15.4 million last year. That translates to more than 1.7 million iPads sold per week, a 60 percent increase from the year-ago quarter, according to Oppenheimer.

As is its custom, Apple didn’t break out sales figures between iPad models—it currently offers the iPad 2, a fourth-generation model of its full-sized iPad, and the iPad mini. Oppenheimer called the smaller version of Apple’s tablet a “tremendous hit.”

For the quarter, Apple sold more than 75 million iOS devices.

The company sold 12.7 million iPods, down about 21 percent compared to the year before. The iPod touch was (as always) popular during the holidays, and still accounts for more than half of all iPods sold. The company claims that the iPod owns more then 70 percent of the market for MP3 players.

iTunes generated US$2.1 billion in revenue, and the company established new all-time quarterly sales records for music, movies, and apps. The company added music stores in 56 countries, for a total of 119 around the world. The App Store sold 2 billion downloads in December; cumulative downloads have surpassed 40 billion, generating US$7 billion in payments to developers.

Apple made brief mention of its Apple TV offering, noting that it sold more than 2 million settop boxes during the holiday season quarter. That’s a 60 percent increase from the prior year.

Revenue from Apple’s retail effort was US$6.4 billion—an all-time high and a 5 percent increase over the 2012 first quarter. The company says that revenue is largely due to iPad and iPhone sales.

Apple opened 11 new stores, including four in its Greater China region. It expects to invest a bit less than US$1 billion in its retail stores this fiscal year.

Apple once again noted that the cumulative downloads have now surpassed 40 billion for the App Store, generating US$7 billion for developers. There were 2 billion downloads in the month of December alone.

Unusually, Apple did not break out the percentage of customers who purchased Macs at Apple Stores who were new to the platform. (In the past, that company has hovered consistently around 50 percent.) That omission could be a byproduct of the dip in Mac sales during the quarter.

For the second quarter ending in March, Apple expects sales to come in between US$41 and US$43 billion. That number would be slightly ahead of the US$39.2 billion in revenue the company logged in the 2012 second quarter. Apple is no longer giving analysts a forecast on earnings per share for the quarter, instead providing its expectations for gross margin and operating expenses in addition to revenue. (Apple expects gross margin to be between 37.5 and 38.5 percent for the upcoming quarter while operating expenses will come in at US$3.8 and US$3.9 billion.)

Apple Q1 2013 results to be released later today

Posted by:
Date: Wednesday, January 23rd, 2013, 08:06
Category: Announcement, Finance, News

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Ladies and gentlemen, Apple will be holding a conference call to announce its earnings for the first quarter of 2013 at 2 PM PST/5 PM EST. Stay tuned to the PowerPage for details as they become available and additional information can be found over at investor.apple.com.

Microsoft to launch Surface Pro tablet, expand international availability on February 9th

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Date: Wednesday, January 23rd, 2013, 08:33
Category: Hardware, News

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If you’re hankering for more of Microsoft’s Surface tablet, you’re in luck.

Per AppleInsider, Microsoft announced on Tuesday that it will expand its Surface tablet lineup next month with the new “Pro” model running Windows 8, as well as a new “RT” version with 64 gigabytes of storage.

Surface Windows 8 Pro will be available for purchase on Feb. 9 in the U.S and Canada starting at US$899 for the 64-gigabyte version. The Surface Pro comes with a Surface Pen and is powered by an Intel Core i5 processor.

The 64-gigabyte standalone version of Surface Windows RT will run an ARM processor like the existing Windows RT tablets. The new high-capacity variant will retail for0 US$599, with the touch cover sold separately.

Microsoft will also launch new Surface accessories in markets where the tablet is still available. They are three limited edition Touch Covers, as well as the Wedge Touch Mouse Surface Edition.

The new Touch Covers will be available in red, magenta and cyan for US$129.99, while the Wedge Touch Mouse will be US$69.95.

Finally, Microsoft also revealed it will more than double the number of markets in which Surface Windows RT is currently available.

The 13 additional markets are Austria, Belgium, Denmark, Finland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden and Switzerland. They join markets where Surface RT is already available: Australia, Canada, China, France, Germany, Hong Kong, the United Kingdom, and the United States.

If you’ve had a chance to tinker with the Surface and have any feedback to offer, please let us know in the comments.

DigiTimes falls back on larger-screen iPhone story, agrees with Wall Street Journal’s assessment of next-gen iPhone hardware

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Date: Wednesday, January 23rd, 2013, 07:55
Category: Hardware, iPhone, News

Sometimes you’re dead-on, other times it’s time to head back to the drawing board.

Per AppleInsider, Taiwanese publication Digitimes on Tuesday backpedaled on its previous claims that Apple would be launching a cheaper, yet larger-screened, iPhone variant in 2013 to combat a growing low-end “phablet” market.

While DigiTimes reversed its original take on big-screen iPhone debut, the publication is hedging its bets and contends that Apple will eventually release such a handset, just not in 2013.

The report went on to agree with the The Wall Street Journal’s story, which previously claimed that Apple is planning on releasing two separate iPhone models this year. In its piece, the WSJ cited sources as saying both a successor to the current iPhone 5 and a budget smartphone, possibly made of polycarbonate, would launch sometime in 2013.

Adding to Tuesday’s rumor, DigiTimes noted that both the next-generation iPhone and rumored handset will feature in-cell touchscreen panels. The current iPhone 5 already boasts the advanced screen tech that allows for a thinner device by integrating touch sensing components within the LCD array. Yield rates of the complex displays caused supply constraints when the latest iPhone launched last year, but those production issues are said to have been corrected.

The latest rumor may be unfounded, however, as Apple is thought to have chosen older touchscreen tech, in addition to non-Retina resolution panels, with the iPad mini in attempts to capitalize on already slim margins. In-cell screens are not yet an industry standard and therefore substantially raise a device’s bill of materials.

Stay tuned for additional details as they become available.

Google Chrome updated to 24.0.1312.56

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Date: Wednesday, January 23rd, 2013, 07:07
Category: News, Software

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You can’t knock a decent web browser update.

Late Tuesday, Google released version 24.0.1312.56 of its Chrome web browser. The update, a 46.8 megabyte download, adds the following fixes and changes:
- Fixed performance of mouse wheel scrolling. [Issue: 160122]

- Fixed visited links regression. [Issue: 160025]

Google Chrome 24.0.1312.56 requires an Intel-based Mac with Mac OS X 10.6 or later to install and run. If you’ve tried the new version and have any feedback to offer, please let us know in the comments.