O'Grady's PowerPage » Finance

Apple to announce third quarter earnings on Tuesday, July 21st

Posted by:
Date: Tuesday, June 30th, 2015, 08:20
Category: Finance, News

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Come Tuesday, July 21st, you shall learn exactly how much money Apple has made this quarter.

I mean, that’s the point of quarterly statements.

Apple announced that it will announce its quarterly earnings for the third fiscal quarter (second calendar quarter) of 2015 on Tuesday, July 21. The quarterly earnings statement will be released around 1:30 PM Pacific/4:30 PM Eastern while a conference call to discuss the earnings report will take place at 2:00 PM Pacific/5:00 PM Eastern.

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Apple decides on royalty rate of 0.2 cents per play during 90-day Apple Music free trial period

Posted by:
Date: Thursday, June 25th, 2015, 07:21
Category: Finance, News, Software

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Apple’s decided on a royalty amount to pay the artists on Apple Music during its 90-day free trial.

And that number is 0.2 cents per play.

The New York Times is reporting that music executives close to the story have stated that Apple has negotiated 0.2 cents per play with the record labels. The amount is comparable to free tier rates paid by competing streaming services.

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Apple reverses position on royalty payments during Apple Music three month free trial period, Taylor Swift’s comments cited

Posted by:
Date: Monday, June 22nd, 2015, 08:41
Category: Apple Music, Finance, News

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Taylor Swift has come forward to criticize Apple Music’s planned three-month trial.

And apparently won.

Which means it might be slightly easier for you to listen to her next 987,752 songs about a breakup.

In a released statement, Swift offered the following comment with regard to the free streaming element:

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Leaked document shows Apple Music to pay industry standard subscription revenue to artists upon launch

Posted by:
Date: Friday, June 12th, 2015, 07:24
Category: Finance, iOS, News, Software

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When Apple Music hits, it’ll pay artists about the industry standard.

A leaked document shared by Digital Music News shows that with Apple charging between US$9.99 and US$14.99 per month for its upcoming on-demand Apple Music service, with 58 percent of its subscription revenues going to record labels. For every US$9.99 Apple collects from subscribers in the United States, it will pay out US$5.80 to labels. Additionally, Apple pays approximately 12 percent to publishers and/or songwriters, leaving the company with somewhere around 30 percent of the revenue from the Apple Music service.

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Apple buys German augmented reality firm Metaio, may be looking into extensive AR-related projects

Posted by:
Date: Friday, May 29th, 2015, 08:04
Category: Finance, News, Uncategorized

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I guess they had something Apple wanted.

Earlier this month, Apple completed its acquisition of Metaio, a German augmented reality firm that first started life as a side project at Volkswagen, for an as-yet-unknown project.

The acquisition was completed with a full transfer of shares from Metaio’s holdings to Apple.

Metaio recently canceled its user conference originally set for June, disabled its Twitter accounts and just days ago posted a notice announcing an end to product and subscription sales.

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Apple adds 34 new banks and credit unions to list of supported Apple Pay institutions

Posted by:
Date: Tuesday, May 19th, 2015, 08:11
Category: Finance, iOS, News

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An additional wave of banks and credit unions have signed on to Apple Pay, bringing the total for over 300 for the time being.

Here you go:

1st Financial Federal Credit Union

Affinity Bank

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Apple Pay now supported by 24 additional banks and credit unions

Posted by:
Date: Wednesday, May 6th, 2015, 07:59
Category: Finance, News

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As of Tuesday, Apple added 24 banks and credit unions that now support Apple Pay.

The new batch brings the total closer to 250, the new institutions being included as follows:

Bellwether Community Credit Union

Benchmark Federal Credit Union

Blackhawk Community Credit Union

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Apple posts $13.6 billion profit on $58 billion in revenue for Q2 2015

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Date: Tuesday, April 28th, 2015, 07:10
Category: Finance, News

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You can’t knock a US$13.6 billion quarterly profit.

Over the course of the second quarter, Apple cleared a US$14.6 billion profit from US$58 billion in revenue, beating analyst expectations as well as its own in the process. The revenues were up from US$45.6 billion in the second quarter of 2014.

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Apple to hold Q2 earnings on Monday, April 27th

Posted by:
Date: Tuesday, March 31st, 2015, 07:49
Category: Finance, News

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Apple’s most recent profit report will take place on Monday, April 27th.

The Q2 earnings report will take place at 2 PM PST/5 PM EST, and audio from the call will be streamed on Apple’s website.

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Apple adds 17 more banks and credit unions to list of supported Apple Pay institutions

Posted by:
Date: Tuesday, March 3rd, 2015, 08:53
Category: Finance, News, retail, Software

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Apple recently announced that more than a dozen new banks and credit unions have added support for Apple Pay, adding to the 98+ banks and institutions that have come on board with the payment plan.

The new banks and institutions are as follows:

Affinity Plus Federal Credit Union

American Airlines Credit Union

Bank of Hawaii

Baxter Credit Union
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