O'Grady's PowerPage » Finance

iPhone accounting for almost 90% of smartphone industry profits in fourth quarter report

Posted by:
Date: Thursday, February 26th, 2015, 08:47
Category: Finance, iPhone, News

iphone6handsets

If nothing else, the iPhone industry is profitable for Apple.

The latest numbers from Strategy Analytics reveal that Apple continued to dominate in global smartphone profit during the fourth quarter of 2014, capturing a record-high 88.7 percent share of profit during the three-month period ending December. Apple earned quarterly operating profit of US$18.8 billion on iPhone sales, up from US$11.4 billion during the fourth quarter of 2013.

“Global smartphone operating profit grew 31 percent annually from US$16.2 billion in Q4 2013 to US$21.2 billion in Q4 2014. Android hardware vendors combined took a record-low 11 percent global smartphone profit share, down from 29 percent one year ago. In contrast, Apple iOS captured a record-high 89 percent profit share, up from 71 percent in Q4 2013.”

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Visa Europe announces installation efforts for European Apple Pay terminals, cites mid-April completion date

Posted by:
Date: Tuesday, February 24th, 2015, 08:57
Category: Finance, Hardware, News, Software

applepayicon

It never hurts to have the infrastructure in place.

Visa Europe has announced that its European contactless payment terminals will support the tokenization service used by Apple Pay by mid-April. This would allow Apple to introduce Apple Pay to Europe anytime from this point on.

Tokenisation technology will be at the heart of new mobile payment solutions and has been hailed as one of the best data protection and fraud prevention methods available. The new service will be available for European financial institutions from mid-April 2015.

Although Europe has had contactless payment cards for several years, these currently transmit the actual card details to the terminal. Apple Pay, in contrast, transmits single-use codes which card companies can map back to the actual card, a functionality currently only available in the USA. As of mid-April, that functionality will be available in Europe too–at least for Visa cards…

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Samsung acquires LoopPay, looks to become an Apple Pay competitor

Posted by:
Date: Thursday, February 19th, 2015, 05:53
Category: Finance, News, retail

looppay

It never hurts to be part of the payment infrastructure.

Only two months after rumors surfaced that Samsung was considering becoming an Apple Pay competitor, the South Korean conglomerate has reportedly acquired mobile payments startup LoopPay to bolster its efforts.

Samsung began talks with LoopPay in December to integrate the latter’s magnetic payment technology into next-generation Galaxy devices. That partnership has apparently turned into an acquisition, as noted by Re/code and the Wall Street Journal.

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Apple comes up against roadblocks, regulatory concerns in bringing Apple Pay to Chinese marketplace

Posted by:
Date: Wednesday, February 18th, 2015, 05:46
Category: Finance, Legal, News, Software

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Apple may have a few roadblocks before it can get Apple Pay into the Chinese marketplace.

As introduction efforts proceed, China’s central bank, UnionPay bank-card service and e-commerce giant Alibaba Group Holding Ltd. are standing up to Apple’s effort to bring the Apple Pay no-card-no-cash payment system to iPhone users in China.

At the same time, Apple has not yet “acknowledged regulators,” and as a result, “it’s unclear whether the product meets the government’s requirements” for a commercial operation.

Apple is also struggling with its relationship with UnionPay, China’s state-owned credit- and debit-card system operator. Sources close to the companies said that talks aimed at an agreement that would open China to Apple Pay have stalled.

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JetBlue to begin accepting Apple Pay on international flights next week, domestic flights later this year

Posted by:
Date: Tuesday, February 10th, 2015, 07:31
Category: Finance, iPhone, News

jetbluelogo

This is sort of cool.

While assorted vendors are lining up and adding support for Apple Pay, JetBlue Airways has announced that it has become the first airline to use Apple Pay to purchase things in-flight starting next week.

Starting next week, passengers on select JetBlue Airways flights can use Apple Pay on their iPhone 6 and 6 Plus handsets to buy food, drinks and certain onboard amenities when the plane reaches cruising altitude. You’ll be able to upgrade to available premium seats via Apple Pay as well.

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Apple to convert failed GT Advanced Technologies Arizona factory into data center

Posted by:
Date: Tuesday, February 3rd, 2015, 08:47
Category: Finance, Hardware, iPad, iPhone, News

sapphirefactory

Remember that whole sapphire iPhone screen thing? When an idea goes south, you can still use the intended facility for something.

Following GT Advanced Technologies’ plans to file for Chapter 11, Apple appears to be swooping in with a plan to invest US$2 billion to convert their Arizona factory into a data center.

The more than 1.3 million-square-foot building, which was once a solar-panel factory, was a key part of Apple’s efforts to bring manufacturing back to the U.S. after years of relying on Asian suppliers to build the company’s iPhones, iPads and Mac computers. While Apple had promised to bring jobs to the area even after the bankruptcy, the data center will probably employ fewer staff compared with an operation churning out components for iPhones.

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In spite of lower year-over-year iPad sales, Tim Cook says not to worry

Posted by:
Date: Thursday, January 29th, 2015, 08:37
Category: Finance, Hardware, iPad, iPhone, News, retail

ipadair2display

iPad sales may be on the decline, albeit Apple CEO Tim Cook says not to worry.

Per 9to5Mac and Macworld, Apple’s recent financial report noted “all-time record revenue from iPhone and Mac sales as well as record performance of the App Store,” while remaining silent on iPad sales. With year-on-year sales down 18%, and a reduction in average selling price meaning revenue was down 22%.

Tim Cook acknowledges that the switch to larger-screened iPhones mean the iPad is being squeezed from both sides.

“There’s probably some level of cannibalization that’s going on, with the Mac on one side and the phone on the other,” said Cook.

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Apple posts $74.6 billion in revenue, $18 billion in profit for Q1 2015 financial report

Posted by:
Date: Tuesday, January 27th, 2015, 17:48
Category: Finance, iPad, iPhone, News

applelogo_silver

It was a good quarter for Apple.

Per 9to5Mac, Apple announced its Q1 2015 earnings results today, the company reporting US$74.6 billion in revenue and earning US$18 billion in profit during the three-month period.

The results showed a gross margin of 39.9 percent compared to 37.9 percent in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue.

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Western Union adds Apple Pay support for services

Posted by:
Date: Tuesday, January 27th, 2015, 11:29
Category: Finance, iOS, News, retail

westernunionlogo

Western Union’s always been useful and Apple Pay support can only make it better.

Per 9to5Mac and BusinessWire, Western Union announced today that it’s now accepting Apple Pay, Apple’s new iPhone-based NFC payment service, across all of its flagship locations in the US.

That means you can now use the contactless payment service to send money and pay bills through Western Union stores as well as kiosks in around 7,600 Walgreens and Duane Reade stores.

Launched at Western Union’s flagship 1440 Broadway in New York City—with more participating Western Union Agent locations to follow—customers will be able to use their iPhone 6 to fund a Western Union Money Transfer transaction or bill payment.

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Analysts highlight extremely strong iPhone sales in China over last quarter

Posted by:
Date: Monday, January 26th, 2015, 17:04
Category: Finance, iPhone, News

iphone6shot

The Chinese marketplace apparently loves the iPhone 6.

Per MacRumors and Financial Times, according to analysts from financial firm UBS, China accounted for 36 percent of iPhone shipments in the most recent quarter, compared to 24 percent for the U.S. The analysts also compared the numbers to 2013, noting that a year before China accounted for only 22 percent of shipments with the U.S. at 29 percent.

Creative Strategies analyst Ben Bajarin concurs with the UBS report, believing around 2 million more iPhones were sold in China than in the U.S. during the quarter. With the upcoming launch of the Apple Watch, he also believes it’s just the beginning of the country’s fiscal dominance over Apple sales.

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