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.

Apple releases iOS 4.3.4 update, addresses PDF security issues

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Date: Friday, July 15th, 2011, 10:54
Category: iOS, News, Software

On Friday, Apple released iOS 4.3.4, the latest incarnation of its iOS operating system for its iPhone, iPod touch and iPad devices. The updates, which somewhat function as a response to the German government’s regarding PDF-related security vulnerabilities in MobileSafari fix the same three vulnerabilities, the patch arriving in two versions, thanks to the different flavors of the iPhone 4. iOS 4.3.4 applies to the iPad and iPad 2, the third- and fourth-generation iPod touch, the iPhone 3GS, and the iPhone 4 (GSM model); users of the CDMA model of the iPhone 4 instead get iOS 4.2.9.

Per Macworld, the issues addressed in the updates include the aforementioned PDF problem within Apple’s CoreGraphics framework, which exploits FreeType’s TrueType and Type 1 fonts to execute malicious code, and a conversion problem within the IOMobileFrameBuffer framework, which could allow code to inadvertently gain system privileges by posing as the user.

These updates can be snagged by plugging in your respective iOS device and checking for updates in iTunes.

If you’ve tried the updates and noticed any differences, please let us know in the comments.

Mophie releases updated juice pack air case for iPhone 4

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Date: Friday, July 1st, 2011, 07:06
Category: Accessory, iPhone, News

Accessory maker Mophie recently announced the availability of a new design for their highly popular and useful juice pack air battery extender for iPhone 4. The Mophie juice pack air snap case (US$79.95) is available at Apple Stores and other retailers. Per The Unofficial Apple Weblog, the Juice Pack Air still offers virtually double the battery capacity of the stock iPhone 4 with a new new design that makes it easier to access all of the switches and ports of the smartphone.

Where design changes are concerned, the previous model, splits near the top of the phone, meaning the case had to be remove to provide access to the Dock connector. The old design also had two openings on the left side of the phone for the ringer mute switch and the volume buttons, as well as a two openings on the top — one for the power switch and the other for the microphone and headphone jack.

The juice pack air snap is quite different. The bottom of the case snaps off, so you can leave the case on the iPhone if you need access to the Dock connector. The same four LEDs for determining charge status are still there, there’s still a micro-USB port on one side for charging the case, and the tiny slide switch for “charging” and “standby” is there as well.

The new case is available in two-tone black and silver; it was unclear from the press materials if the snap case will also come in the two-tone white/silver and red/silver models that were available for the previous model.

If you’ve had a chance to tinker around with the new juice pack air case, let us know.


Rumor: iPhone 5 with 8MP camera due in September, Hi-Res iPad 3 en route

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Date: Wednesday, June 22nd, 2011, 04:02
Category: iPad, iPhone, Rumor

You may be wanting the iPhone 5 now, but you might have to wait until September while Apple tests the new handset and some other cool stuff.

Per Bloomberg, two sources familiar with Apple’s plans have stated that Apple is working on a higher resolution iPad and dropped details regarding Apple’s much-anticipated iPhone 5 handset. Apple’s next iPhone “will include the A5 processor, the more powerful chip that Apple added to the iPad 2 earlier this year, along with an 8-megapixel camera, up from the 5-megapixel model in the iPhone 4,” said the publication’s sources.

As is to be expected, the new device would come with iOS 5, which is due out this fall, according to people familiar with the matter. Sources also said the new iPhone would closely resemble the iPhone 4.

The report’s insiders also rekindled a rumor that Apple is working on a cheaper version of the iPhone for emerging markets using “chips and displays of similar quality to today’s iPhone 4.” Rumors of a low-cost iPhone emerged this spring, though there is some disagreement regarding the details of the project.

“Apple is also testing a new version of the iPad that has a higher resolution screen, similar to the one now used in the iPhone 4,” the Bloomberg report cited sources as saying. The iPhone 4 currently features a Retina Display with a resolution of 960 x 640 and a pixel density of 326 pixels per inch. The resolution of the next-generation iPad would be about “one-third higher” than the iPad 2′s display and will feature a more responsive touchscreen, people said.

Various reports have suggested the iPad could see a display upgrade that would double the tablet’s linear resolution to 2048 x 1536. Last week, double-resolution iPad images in the iOS 5 beta sparked renewed speculation that Apple is planning the improved display.

Stay tuned for additional details as they become available.

Rumor: iPhone 4 flash orders scaled back, iPhone 5 camera system undergoing redesign

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Date: Thursday, June 16th, 2011, 06:07
Category: iPhone, Rumor

It’s the leaks that make technology interesting.

Per Electronista, parts supplier leaks on Wednesday supported beliefs that Apple redesigning the camera flash for the iPhone 5. The company has reportedly “greatly reduced” the number of orders from Philips for the LED flashes used in the iPhone 4 over the past one to two months. Although it couldn’t be confirmed, there’s been talk of a switch to a Taiwanese supplier but said it could be a sign Philips wasn’t being used for the next iPhone, or at least not as-is.

The rumor has been corroborated by new iPhone camera parts that separated the camera sensor from its flash. The move is likely a reflection of lessons from the iPhone 4 and general photography: moving the flash further from the sensor reduces the instances of blown-out highlights and effects like red-eye.

Changes to the sensor itself may have also necessitated the shift. Apple is rumored to be using an eight-megapixel CMOS sensor from OmniVision that would be more sensitive than in the past. While excellent for low light, it could also be overly sensitive to light from a flash that on the iPhone 4 is just a fraction of an inch away.

Apple is rumored to be starting production in July for the next iPhone and would likely be winding down the majority of its part production to make way for the new device. Old components probably won’t be phased out entirely as Apple will likely want to keep the iPhone 4 as the new entry-level model.

Stay tuned for additional details as they become available.

Verizon adds 19 cities to LTE network

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Date: Tuesday, June 14th, 2011, 14:55
Category: iPhone, News

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You’re hankering to get on an LTE network connection with an updated iPhone, so here’s some good news.

Per Computerworld, Verizon Wireless announced that the company will add 19 more cities that will get its faster LTE wireless network service starting Thursday, bringing the total to 74 metropolitan areas.

San Francisco and Detroit, already on Verizon LTE since last December, will also see the existing LTE network in those cities expanded, Verizon said in a statement.

The new 19 LTE cities include several state capitals such as Sacramento, Calif., Hartford, Conn., Boise, Idaho, Harrisburg, Pa., Indianapolis, Ind., Salt Lake City (with Ogden), Utah; and Madison (with Milwaukee), Wis.

The announcement comes as competitor AT&T is set to launch LTE 4G service in five cities in the U.S. this summer: Atlanta, Chicago, Dallas, Houston and San Antonio.

Reports have also surfaced that Sprint will begin adding LTE service to its existing nationwide WiMax 4G capability, partly to support a future LTE-ready iPhone , although Sprint has not confirmed those reports.

T-Mobile USA, the fourth largest U.S. wireless carrier, has been promoting its HSPA+ network as a fast 4G technology. Meanwhile, AT&T is seeking to acquire T-Mobile but needs approvals from federal regulators.

The various 4G technologies are promoted as offering users download data speeds of up to about 10 Mbps, which is roughly 10 times what most users get over 3G downloads from the carriers.

Stay tuned for additional details as they become available.

WHO study finds AT&T iPhone 4 emits “medium” amount of radiation

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Date: Friday, June 3rd, 2011, 02:25
Category: iPhone, News

I’m not sure if this is comforting or otherwise.

In the wake of the World Health Organization’s report on cell phones and radiation, the Environmental Working Group has released a database of cell phone models with the highest and lowest rates of radiofrequency energy according to a CNN report. Per the report, Apple’s iPhone 4 (the AT&T version; the Verizon model wasn’t tested) falls in the middle range of emissions, which are measured using a Specific Absorption Rate of energy by the body written as “watts per kilogram.”

Cell phones sold in the U.S. cannot exceed a measure of 1.6 watts per kilogram of radiofrequency energy, but there is no study that shows an increased risk — or any risk — in using phones that emit higher or lower amounts. The WHO announcement, which was a change from their previous, more neutral position, comprised a review of hundreds of other peer-review studies — a compilation of known data — and concluded that cell phone radiation is “possibly carcinogenic to humans.” Often omitted from reports of the meta-study is that its principle recommendation was that the issue needed further study.

The database of phone radiation showed that Motorola had the model emitting the most energy per kilogram of energy, AT&T’s Bravo at 1.59 W/kg — just under the legal limit. The phone with the least amount of exposure was AT&T’s LG Quantum at 0.35 W/kg. Apple’s iPhone 4 tested at 1.17 W/kg, which ranks it about average. Samsung had a number of phones that were among the 10 lowest, while Motorola had the most phones in the top 10 highest, along with the Palm Pixi, the Blackberry Bold and the HTC Magic also ranking very high in energy absorbed by the body.

Cell phones, by their nature, emit and receive small amounts of microwave energy at all times while they are on — communicating with cell towers, updating GPS coordinates and of course being used for communication. Studies have been unsuccessful at establishing a clear link between cell phones and specific medical issues, even when the unit is held next to the head for prolonged periods. Radiation is naturally present in the atmosphere and from other sources, but how much the human body can absorb on a low-but-constant level without ill effects remains unclear.

Stay tuned for more on this as we get it.

Rumor: Apple to release fifth-generation iPhone with 8MP camera, SIM-free design between July and August

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Date: Monday, May 30th, 2011, 12:20
Category: iPhone, Rumor

Per Japanese web site Macotakara, Apple is rumored to be releasing a fifth-generation iPhone with an 8-megapixel camera and a SIM-less design that will not be a major departure from the current iPhone 4 design.

Citing an anonymous source, the web site reported Monday that the next iPhone will have the same form factor as the iPhone 4, and will use an ARM Cortex-A9 processor. The report said it is “not confirmed” whether the new processor will have a single CPU or is dual-core.

The report also said the handset will have an 8-megapixel camera, and a SIM-less design along with 3-4 internal antennas that will allow the device to serve as a “world phone” compatible with both GSM and CDMA networks. That would allow the same hardware to run on both AT&T and Verizon networks in the U.S.

The report claims that the device, which will include a Qualcomm chipset, will be released at the end of July or in early August. While later than usual, that release date would be sooner than the fiscal 2012 claim the same site made back in March.

Finally, the report claims that Apple’s next “major new handset” will arrive in the spring of 2012. A spring release for a so-called “iPhone 6″ was previously suggested in April, in a Japanese newspaper report that said Apple had selected Sharp to create next-generation low-temperature poly-silicon LCD displays for a thinner and lighter design.

The details in Monday’s latest report restate and help to reinforce rumors that have previously surfaced. Analyst Ming-Chi Kuo with Concord Securities stated in April that the next iPhone will feature “slight modifications” from its predecessor, including a new 8-megapixel rear camera. Other reports have suggested the next-generation iPhone will include both CDMA and GSM radios, making it a world phone.

As for the SIM-less design, last week the CEO of carrier Orange said that Apple will introduce a new, smaller and thinner SIM card in its next-generation iPhone. There were reports last year that Apple was working on an embedded SIM design that would allow users to select a carrier and service plan directly from their iPhone, but it was claimed that those plans upset carriers who felt they could be marginalized by such a move.

Picture quality on the new iPhone is also expected to be improved with a separate component for an improved LED flash. Various reports, including one earlier Tuesday, have suggested the flash will be moved farther from the camera lens to reduce red eye.

Stay tuned for additional details as they become available.

Opera Mini web browser 6.0 released, now native for both iPhone and iPad

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Date: Tuesday, May 24th, 2011, 08:46
Category: iPhone, News, Software

It’s an interesting alternative to Apple’s Mobile Safari web browser for its iOS devices.

And it just got a fairly large overhaul.

Per Mac|Life, the popular Opera Mini web browser just reached version 6.0 and is available as a redesigned, universal app that finally brings some love to the bigger screen of the iPad as well as Retina Display support for the iPhone 4.

Opera Mini 6.0 features an updated design with a fresh new look and feel as well as super smooth pinch-to-zoom and panning. In addition to its new support for the iPhone 4 Retina Display as well as universal support for the iPad and iPad 2, the new version allows for direct sharing to Facebook, Twitter and My Opera.

International font support is also now greatly improved for Arabic, Chinese, Vietnamese and other non-Latin languages (Opera supports a laundry list of languages from all over the world). Finally, users have the ability to open a new page in a background tab as well.

Opera Mini 6.0 is available now from the App Store; the free app is a 3.4MB download compatible with all iOS devices running iOS 3.0 or later.

If you’ve tinkered with the new version of Opera Mini and have any feedback, please let us know and thanks.

Analyst: iPad 2 constraints easing, supply improving

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Date: Monday, May 23rd, 2011, 03:41
Category: iPad, News

In spite of the Japanese earthquakes and tsunami back in March, iPad 2 production restraints that affected Apple last quarter are said to have “significantly improved,” allowing for improved availability of the tablet.

According to AppleInsider, Analyst Shaw Wu with Sterne Agee said Friday that Apple has found better yields in iPad 2 production through retooling and conversion of more overseas production lines. These changes have gone a long way in addressing the supply issues Apple experienced last quarter.

Wu also cautioned that Apple is along way from meeting its internal goals for iPad 2 production. Previous rumors suggested Apple could ship as many as 45 million iPad 2 units this year, though predictions have dropped since Apple’s last quarter fell short of expectations for iPad sales.

“From our understanding, [Apple] still has a ways to hit the [second half] goal of 3-4 million units per month but getting closer,” Wu wrote.

Accordingly, Wu has increased his estimates for iPad sales in the current, third fiscal quarter of 2011 for Apple. He now sees the company selling 6.8 million iPads, up from his previous prediction of 5.9 million.

Wu also increased his estimated iPhone sales to 17 million, up from 16 million. He said iPhone demand appears to be holding up better than expected, thanks to strong adoption of the white iPhone 4 and strong sales on Verizon.

Wu also increased his projected Mac sales to 3.9 million from the quarter, up from 3.83 million. He is also assuming a new, higher gross margin of 39%, increased from 38.3%, due to improved iPad yields and higher iPhone sales.

Finally, he’s also increased Sterne Agee’s 12-month price target for AAPL stock to $460, up from the previous prediction of US$445.

So, if you want an iPad 2, odds are the one you want should be available.

Stay tuned for additional details as they become available.