Apple cites $11.1 billion profit, $51.5 billion in revenue in Q4 2015 earnings report

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Date: Wednesday, October 28th, 2015, 08:29
Category: Apple Watch, Finance, iPad, iPhone, News, Wearables

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Once again, Apple just made a whole lotta moolah.

The company was about to beat its expectations for its fourth quarter, chalking up an US$11.1 billion profit on US$51.5 billion in revenue. Apple cited the iPhone as its biggest moneymaker, reporting 48.05 million iPhones sold, up from 39.27 million in the same quarter a year ago. More specifically, the company made US$32.21 billion in revenue from iPhone sales alone.

Analysts polled by Fortune were expecting Apple to sell 48.7 million iPhones in the quarter. Analysts also expected Apple to earn $1.88 per share, up from $1.42 a share in the same quarter last year. As for revenue, analysts wanted Apple to make $50.8 billion, while Apple itself expected to pull in $49 billion to $51 billion. The company handily beat all of those expectations.

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Chase announces Chase Pay payment system, will be modeled off MCX’s CurrentC method

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Date: Tuesday, October 27th, 2015, 08:31
Category: Finance, iOS, News, retail, Software

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There’s always money to be made in the payment service industry.

A new report has announced that Chase Chase CEO of Consumer and Community Banking, Gordon Smith, who announced “Chase Pay” at the Money20/20 payments conference in Las Vegas.

The Chase Pay service will work via QR code instead of over NFC, allowing customers to make purchases with their smartphones by showing a QR code to a cashier. The method is similar to MCX Consortium’s upcoming CurrentC platform, with whom Chase is partnering for its payments service.

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More than 70 U.S. banks and credit unions added to Apple Pay

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Date: Wednesday, October 21st, 2015, 08:28
Category: Finance, News, retail

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The good news is that Apple picked up yet another huge wave of newly added banks and credit unions in the United States that now officially support Apple Pay. Apple has added over 70 additional participating banks to its list of active partners including HSBC in the US.

Here’s the list and it is mighty:

Achieva Credit Union

Alcoa Pittsburgh Federal Credit Union

Alliance Credit Union

AmeriServ Financial Bank

APCO Employees Credit Union

Bank of American Fork

Bridgewater Savings Bank

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Additional 46 banks and credit unions now support Apple Pay, bringing total to more than 425 in U.S.

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Date: Tuesday, August 4th, 2015, 08:00
Category: Finance, News

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With any luck, your bank or credit union is now among those supporting Apple Pay.

Apple has once again updated its Apple Pay web site, adding 46 more banks and credit unions to the list of institutions whose customers can set up credit and/or debit cards with the service. The new additions increase the number of banking institutions in the U.S. supporting Apple Pay to over 425 and international support has begun over in the U.K.

The new list of banks and credit unions include the following:

1st United Services Credit Union

Align Credit Union

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Apple Pay now supports HSBC, First Direct banks in UK

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Date: Tuesday, July 28th, 2015, 07:37
Category: Finance, News

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Apple Pay has just hit the “international” category.

Apple updated its Apple Pay web site, announcing support for both UK banks HSBC and First Direct. Both banks were announced as starting partners for the UK branch of Apple Pay, but were delayed until late July at the last minute.

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Apple posts Q3 2015 earnings, cites $10.7 billion profit on $49 billion in revenue

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Date: Tuesday, July 21st, 2015, 14:53
Category: Apple TV, Apple Watch, Finance, iPad, iPhone, iPod, News, Wearables

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US$49 billion in revenue and a US$10.7 billion profit isn’t chump change.

And that’s the amount that Apple reported for its Q3 2015 earnings today, complete with figures that included profits from sales of the Apple Watch, which was launched on April 24th.

During today’s announcement, the company cited revenues of US$37.4 billion and a net profit of US$7.7 billion, or US$1.28 per diluted share, in the year-ago quarter. Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

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Apple to hold quarterly conference call on Tuesday, July 21st

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Date: Monday, July 20th, 2015, 07:59
Category: Finance, News

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Come tomorrow, we shall be reporting on Apple’s quarterly conference call.

The company announced that it will be broadcasting its quarterly conference call with analysts for Tuesday, July 21st, at 5:00 PM EDT, 2:00 PM PDT.

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Apple Pay launches in the UK

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Date: Tuesday, July 14th, 2015, 09:24
Category: Apple Watch, Finance, Hardware, iPad, iPhone, News, retail, Software, Wearables

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As of today, Apple Pay has officially come to the United Kingdom and are available for use in England, Scotland, Wales, and Northern Ireland.

Apple Pay works at participating retail stores and within apps that accept it. Because it requires NFC, it is only available for iPhone 6 and 6 Plus users, and Apple Watch users who have an iPhone 5, 5c, 5s, 6, or 6 Plus. In-app Apple Pay purchases can be made with an iPad Air 2, iPad mini 3, iPhone 6, or iPhone 6 Plus.

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Report shows Apple taking 92% of smartphone industry profits on 20% market share

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Date: Monday, July 13th, 2015, 08:16
Category: Finance, iPhone, News

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There’s market share and there’s profits.

And Apple seems to be gobbling up 92 percent of the latter.

A report released by Canaccord Genuity indicate that Apple takes 92 percent of the profits for the entire smartphone industry despite accounting for only 20% of sales.

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Apple Pay arrives at 23 additional U.S. banks, credit unions

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Date: Wednesday, July 8th, 2015, 07:39
Category: Finance, News

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Apple Pay was just picked up by another 23 U.S. banks and credit unions.

Here we go:
– American Chartered Bank

– Bank-Fund Staff Federal Credit Union

– Bellco Credit Union

– EFCU Financial

– First Federal

– First National Bank

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