Apple reports Q2 2013 profit of $9.5 billion, revenues of $34.6 billion

Posted by:
Date: Tuesday, April 23rd, 2013, 14:50
Category: Finance, iPad, iPad mini, iPhone, News

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It’s 18% lower than it was last year, but it’s still US$9.5 billion in the bank…

Per AppleInsider, Apple on Tuesday said second quarter profits fell roughly 18% to US$9.5 billion — or US$10.09 per diluted share — despite record second quarter sales of US$43.6 billion — the first year-over-year decline in earnings for the one-time tech darling in nearly a decade.

The results for the three-month period ended March 30, 2013 compare to revenue of US$39.2 billion and net profit of US$11.6 billion, or US$12.30 per diluted share, in the year-ago quarter. Gross margin was 37.5 percent, approximately 100 basis points lower than the 47.4 percent reported in the year-ago quarter, as consumers gravitated to more affordable, lower-margin products like the iPad mini.

During the quarter, Apple sold 37.4 million iPhones and 19.5 million iPads, compared to 35.1 million iPhones and 11.8 million iPads in the year-ago quarter. The company also said it sold just under 4 million Macs, compared to 4 million in the year-ago quarter. Overall, international sales accounted for 66 percent of the quarter’s revenue.

“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” said Tim Cook, Apple’s CEO. “Our teams are hard at work on some amazing new hardware, software and services, and we are very excited about the products in our pipeline.”

Looking ahead to the current June quarter, Apple provided following guidance:
– Revenue between US$33.5 billion and US$35.5 billion.

– Gross margin between 36 percent and 37 percent.

– Operating expenses between US$3.85 billion and US$3.95 billion.

– Other income/(expense) of US$300 million

– Tax rate of 26%.

“Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion,” said Apple CFO Peter Oppenheimer.

For Apple, Tuesday’s results mark the first year-over-year decline in profits since the first quarter of 2003 when the “early 2000s recession” began to set in stateside.

Stay tuned for additional details as they become available.

Apple Q2 2013 financial results due today

Posted by:
Date: Tuesday, April 23rd, 2013, 07:08
Category: Finance, Fun, News

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Ladies and gentlemen, Apple’s Q2 2013 results will be released starting at 2PM EST today.

Stay tuned to the PowerPage for updated coverage of the press event.

In the meantime, prior to worrying about finances, your portfolio and what bills may happen to be due, relax and remember that the Martians from “Sesame Street” were awesome on every conceivable level.



Apple begins incorporating “Download Later” for larger purchases in iTunes 11

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Date: Tuesday, April 23rd, 2013, 07:37
Category: iTunes, News, Software

This could be useful.

Per Macworld, Apple added a welcome tweak to large media purchases initiated either via the mobile iTunes Store or iTunes 11. Users attempting to download large media files such as movies or music box sets are presented a prompt enabling them to commence the download immediately or save it for a time when they presumably have better bandwidth.

When purchasing any of the above items using iTunes 11 on a Mac or Windows PC, or an iOS device running iOS 6 or later, you’re now presented with “Later” and “Download” (or “Download All”) buttons. Tap “Later” and the purchased items will be added to your iTunes account and accessible to stream or download in the future via Apple’s iTunes in the Cloud feature.

The option to “download later” is exclusively applicable to TV seasons, Season Passes, movie bundles, music box sets, individual movies and TV episodes.

Apple outlines the specifics of the new software tweak in the following updated support document. Lastly, note that the prompt will only appear for users in countries where Apple provides iTunes in the Cloud support.

If you’ve seen this change on your end and have any feedback to offer, please let us know in the comments.

iPhone 4 “Antennagate” owners beginning to receive settlement checks from Apple

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Date: Tuesday, April 23rd, 2013, 06:48
Category: iPhone, Legal, News

It’s not a whopping amount of justice, but it’s still justice.

Or at least a settlement.

Per 9to5Mac, iPhone 4 owners who participated in a class action lawsuit against Apple over antenna attenuation complaints are finally starting to receive settlement checks.

More than a year ago, Apple reached a settlement with attorneys for the class action complaint, agreeing to pay US$53 million to make the problem go away after supposedly “misrepresenting and concealing material information in the marketing, advertising, sale, and servicing of its iPhone 4 — particularly as it relates to the quality of the mobile phone antenna and reception and related software.”

Owners who cashed in on Cupertino’s earlier offer of a free bumper or case were not eligible for the settlement, so if you haven’t seen a check, that could be why. According to recipients, the settlement checks for a whopping US$15 were issued on April 17 and must be cashed by July 16, 2013 or they are null and void.

Why only 15 smackeroos? Apparently the class action lawyers took home a US$16 million fee from the settlement, which doesn’t make anyone feel any better…

If you’ve received a settlement check for the iPhone 4 antenna issue, please let us know in the comments.

Apple revises terms of One to One service plan, installs 60 day deadline for data migration

Posted by:
Date: Monday, April 22nd, 2013, 07:15
Category: News, retail

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You know Apple’s One to One service, available for US$99 with the purchase of a new Mac?

Well, there are now some new provisos.

Per ZDNet, the service terms now state that data migration is available only in the first 60 days (previously 12 months), transfer must be by wired means (no more Wi-Fi transfers), only hardware bought with the Mac will be installed (previously any hardware) and staff will now ‘assist’ with installation of software purchased during training sessions (previously they’d install it for you).

Beyond that, you’re sorta on your own…

Apple offers support to Sichuan Yaan earthquake victims (updated)

Posted by:
Date: Monday, April 22nd, 2013, 07:54
Category: News

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If you want to help the earthquake victims in China, here’s your chance.

Per 9to5Mac, Apple has updated its official China website homepage to offer its respect and sympathy following the disastrous magnitude 7.0 earthquake that has affected the country over the past few days.

The acknowledgement present on Apple’s site reads as follows:

“Our deepest condolences to those who were taken away by the Sichuan Yaan earthquake, and respect to all the rescuers. May those who have passed away rest in peace, and may the survivors stay strong.”

The company has also offered a statement that pledges cash donations and new Apple devices to help schools that have been affected:

“In this difficult time our hearts are with the Sichuan earthquake victims. In addition to cash donations to help the victims ride out the storm, we will also commit to donating brand new Apple equipment to some of the schools in the affected region, and the local Apple staff will be on standby to provide support.”

Apple has reportedly pledged 50 million Yuan in total.

Update: The company has reportedly pledged US$8,000,000 in disaster relief funding following the earthquake, which, as of the current count, has left 186 people dead and thousands injured.

Rumor: Purported images of next-gen iPhone camera leaked

Posted by:
Date: Friday, April 19th, 2013, 07:50
Category: Hardware, iPhone, Rumor

You’ve gotta admit, Apple doesn’t let people down when it comes to its built-in cameras.

Per French Web site NoWhereElse.fr, a leaked image purporting to show off a camera component and another piece of a supposed “iPhone 5S” have hit the Internet, fanning the rumors that Apple’s follow-up to the iPhone 5 is on deck.

One of the components featured in the supposed leak is what appears to be a front-facing camera, similar in appearance to the one built in to the iPhone 5. The serial number shown on the “leaked” part is similar to the one seen on the iPhone 5 part, notes NoWhereElse.fr. The flexible portion where the component connects to a motherboard, though, is apparently quite different from the one seen on the iPhone 5 component.


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Friday’s report also brought images of another supposed component, though its function is unclear.

The same site previously leaked components that went into Apple’s new Lightning connector, and the site has shown off other parts said to be from an “iPhone 5S” or an “iPhone 6,” as well as a supposed cover glass surface from a fifth-generation iPad.

The new images appear to add to the rumors that Apple will bring a rapid follow-up to its iPhone 5, iPad, and iPad mini, and possibly introduce a lower-cost iPhone model in the near future. Currently, rumors have the Cupertino company releasing new devices some time over the summer.

Stay tuned for additional details as they become available.

Apple releases Digital Camera Raw Compatibility Update 4.05

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Date: Thursday, April 18th, 2013, 10:14
Category: News, Software

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On Thursday, Apple posted its Digital Camera Raw Compatibility Update 4.05, an update designed to extend RAW image compatibility for the Aperture 3 and iPhoto ’11 applications.

The update, a 5.13 megabyte download, adds support for the following cameras:
– Fujifilm X20

– Fujifilm X100S

– Fujifilm X-E1

– Fujifilm X-Pro1

The update requires an Intel-based Mac running Mac OS X 10.7.5 or later to install and run and is also available via Mac OS X’s built-in Software Update feature.

If you’ve tried the new Digital Camera RAW update and noticed any changes, please let us know how it went.

Rumor: Next-gen iPad to be 15% thinner, 25% lighter, use smaller, more efficient battery

Posted by:
Date: Thursday, April 18th, 2013, 07:14
Category: Hardware, iPad, Rumor

This could be nifty.

Per MacRumors, KGI Securities analyst Ming-Chi Kuo, who has on a number of occasions offered accurate information on Apple’s product plans, recently published a new research note outlining his expectations for Apple’s fifth-generation iPad. Kuo expects mass production and shipments of the new iPad to ramp up in the August-September timeframe, with the device registering roughly 15% thinner and 25% lighter than the current full-size iPad.

The new version’s expected dimensions, which are purported to be 7.5-8.0mm thick, will be 15% thinner than iPad 4. The new device will likely be about 500 grams, or some 25% lighter than iPad 4, run on an A7X processor, and sport cameras with similar specs to the iPad 4’s (front HD, rear 5MP). The casing shape and color (silver and black) and narrow bezel design will be similar to the iPad mini’s.

The prediction of a 7.5-8.0 mm thickness is in line with previous claims that the next iPad will see a roughly 2 mm reduction from the current 9.5 mm thickness.

Kuo predicts that Apple will adopt the same GF2 touch technology used in the iPad mini, enabling Apple to design a thinner display for the new full-size iPad. In addition, more efficient display and chip technologies are expected to bring down the device’s overall power consumption, allowing for a smaller and thinner battery.

The battery is expected to be 25-30% smaller, at 8,500-9,000mAh, than the iPad 4’s, and the battery’s thickness will be 15-20% smaller, at 7.5-8.0mm, and the number of cells will be reduced to two from three.

As for the chip powering the iPad 5, Kuo believes that Apple will be sticking with Samsung for a new A7X chip that will take advantage of Samsung’s 28-nanometer process node. There have been reports that Apple will be shifting its A-series chip production to Taiwan Semiconductor Manufacturing Company (TSMC), but it appears that Kuo believes that transition has a bit further time horizon, in line with rumors that a partnership between Apple and TSMC for 20-nanometer A7 chips will not begin production until early 2014.

Stay tuned for additional details as they become available.

Apple seeds third OS X 10.8.4 beta to developer community

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Date: Thursday, April 18th, 2013, 07:21
Category: News, Software

OS X 10.8.4 is en route.

It’ll just be in beta for a bit longer.

Per AppleInsider, Apple on Wednesday seeded build 12E33a of OS X 10.8.4 maintenance update to developers, with the latest beta coming a little over one week after the build 12E30 went out for testing in early April.

Mountain Lion’s latest build comes with no known issues and once again asks testers to focus on Wi-Fi, Graphics Drivers and Safari.

In the last beta build 12E30, code was discovered mentioning the 802.11ac “Gigabit” wireless protocol, suggesting that Apple could be making preparations to launch compatible hardware in the near future.

Wednesday’s release is the third beta build release for OS X 10.8.4. Developers can access the most recent seed through the Mac App Store’s Software Update mechanism, a feature first seen with the OS X 10.8.3 beta builds.

If you’ve gotten your mitts on the new build and have any feedback to offer about it, please let us know in the comments.