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Apple reports $46.33 billion in sales, $13.06 billion profit for Q1 2012

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Date: Tuesday, January 24th, 2012, 16:37
Category: Finance, News


You just can’t ignore a US$13.06 billion profit.

Per Macworld, Apple on Tuesday reported that it tallied US$46.33 billion in sales and US$13.06 billion in profit for the fiscal first quarter ended Dec. 31.

Both the revenue and profit figures were quarterly records for Apple and blew away the numbers recorded in the year-ago quarter. Sales rose 73 percent from last year’s figure of US$26.74 billion; profits more than doubled from the US$6 billion earned in the fiscal first quarter of 2011.

Apple earned US$13.87 per share for the just-completed quarter, up 116 percent from last year. That handily beat consensus analyst estimates of US$10.08 per share. Analysts were expecting Apple’s sales to come in at US$38.85 billion.

“We are very proud of these results and extremely pleased with the momentum of our business,” Apple chief financial officer Peter Oppenheimer told analysts during a conference call to discuss the company’s results. Noting the record sales across three of its major product offerings, Oppenheimer hailed what he called the “strongest product lineup in Apple’s history.”

Apple’s strong performance during the quarter comes with a minor caveat. To align the fiscal first quarter with the end of the calendar year, Apple’s quarter ran 14 weeks—that’s an extra week over the typical fiscal quarter.

The company sold 37.04 million phones during a quarter which saw the release of the iPhone 4S. That’s a 128 percent jump from the iPhones sold during the year-ago quarter, and it tops the previous record for iPhone sales of 20.34 million units sold during 2011’s third quarter.

Apple reported US$24.4 billion in recognized revenue from its iPhone product line, up from US$10.5 billion in the year ago. While Apple doesn’t break out sales by model, Cook noted that the 4S was the most popular of the smartphones sold by Apple. (The company also sells a US$99 iPhone 4 and offers a free iPhone 3GS with a two-year service agreement.)

The iPad also enjoyed record sales during the quarter, with Apple selling 15.4 million tablets. That’s an increase of nearly 111 percent from the 7.3 million iPads sold during the year-ago quater.

Recognized revenue from the iPad line jumped 99 percent to US$9.1 billion, up from US$4.6 billion in last year’s quarter.

Since releasing its first iPad a little less than two years ago, Apple has sold 55 million tablets, according to Cook.

Looking at all products that run the iOS mobile operating system, Apple says it’s sold 315 million cumulative iOS devices, with 62 million of those devices being sold in the just-completed quarter.

One of those iOS devices—the iPod touch—accounted for more than half of the iPods sold by Apple during the holiday season. That’s a bright spot in the otherwise stagnant iPod segment—sales dipped 21 percent for the quarter to 15.4 million units.

Still, Apple says that the iPod still continues to command a 70 percent share of the MP3 player market, and its music player remains the top-selling device in most of the countries the company monitors.

Apple completed its hat trick of product line records by selling more Macs during the first quarter than in any previous quarter. The company says it sold 5.2 million Macs, a 26 percent increase from the year-ago quarter. Oppenheimer said the growth was driven by strong MacBook Air, MacBook Pro, and iMac sales

Sales of both desktops and laptop topped quarterly records as well, though laptops continue to drive the company’s Mac business. Apple sold 3.7 million portables during the quarter, nearly 72 percent of the total Macs sold.

The strong Mac sales come at a time when the rest of the PC industry is struggling with stagnant growth. Oppenheimer noted that research firm IDC forecasted a flat growth rate for the quarter—a figure that Apple easily outpaced. It’s the 20th consecutive quarter that Apple’s Mac business had outgrown the overall PC market.

In fact, Apple outgrew the PC market in each of the geographic regions it does business. Growth was particularly strong in the Asia Pacific region, where Mac sales grew 58 percent.

On the retail front, Apple’s 361 stores brought in US$6.1 billion in revenue for the quarter, up from US$3.85 billion last year. The stores reported strong year-over-year growth across all product lines—Apple sold 1.1 million Macs through its retail stores, for example, with half of those going to customers new to the platform. Average store revenue rose from US$12 million last year to US$17.1 million.

Apple says 110 million people visited its stores during the holiday quarter, an increase of 45 percent from last year. That works out to a weekly average of 22,000 visitors per store. Oppenheimer credited two initiatives—Apple’s EasyPay self-checkout process and Personal Pickup, where customers shop online and pick up products at the store of their choice.

Apple opened four stores during the quarter—one in New York’s Grand Central station and the other three in Europe. Oppenheimer usually provides an estimate of planned store openings for the coming quarter, but that was absent this time around. In September, Apple said it would open 40 new stores in 2012 with three-quarters of those slated for outside the

Apple ended its first quarter with US$97.6 billion in cash, up from US$81.6 billion at the end of the September quarter. Oppenheimer said that Apple was “actively discussing uses of our cash balance,” but added that there was nothing to share at this time.

Looking ahead to the second quarter ending in March, Oppenheimer told analysts to expect $32.5 billion in revenue and earnings per share of US$8.50. That compares to revenue of US$24.67 billion and earnings of US$6.40 a share in the 2011 second quarter. Analysts are looking for earnings of US$8.03 a share on sales of US$32.04 billion.

Stay tuned for additional details as they become available.

AT&T looks to transfer $1 billion of wireless spectrum to T-Mobile

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Date: Tuesday, January 24th, 2012, 06:35
Category: iPhone, News


If you’ve got a spare billion dollars of wireless spectrum just laying about, why WOULDN’T you transfer it to the wireless carrier that you’d made a bid to purchase?

Per the Wall Street Journal, AT&T has filed for FCC approval to transfer wireless spectrum worth US$1 billion to T-Mobile as a result of the failure of its US$39 billion effort to acquire the smaller mobile carrier.

Along with the spectrum, AT&T will give T-Mobile’s German owner Deutsche Telekom US$3 billion in cash as part of its pre-negotiated terms for backing out of the acquisition, which was quashed by the US Justice Department and the FCC as threatening competition in the wireless market.

T-Mobile’s senior vice president for government affairs said “this additional spectrum will help meet the growing demand for wireless broadband services.”

T-Mobile is the only carrier among the US’ top 4 to have not articulated any plans for rolling out LTE 4G service, and is also hampered by its use of non-standard UMTS 3G service. That prevents the carrier from selling Apple’s existing iPhone, which it has cited as a key reason for its poor performance.

T-Mobile has previously indicated that new chipsets could enable future iPhone models to support the company’s existing 3G service. Without building out LTE however, T-Mobile could likely be left behind as support for the new networking standard begins to trickle into the mainstream.

Both T-Mobile and AT&T have referred to their existing HSPA+ networks as 4G, because they can offer data speeds compatible to LTE. However, LTE has future potential well beyond HSPA+.

Apple is expected to release an iPhone model capable of supporting LTE later this year. It has not previously supported LTE until now because of technical issues involving battery life and size.

Stay tuned for additional details as they become available.

iPhone Dev Team announces working jailbreak for iPhone 4S, iPad 2

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Date: Friday, January 20th, 2012, 05:16
Category: Hack, News, Software

It’s not quite as much of a back-and-forth arms race between Apple and the hackers as it used to be, but it’s still interesting if you want to use an unlocked or jailbroken iOS device.

Per Electronista, the iPhone Dev Team have announced that they are close to releasing the Corona A5 jailbreak for the iPhone 4S and iPad 2. The team says that it has overcome the technical hurdles associated with the underlying technique and that all that remains is bug fixes before a general release is made available. The release will work on iPhone 4S’ running iOS 5.0 (9A334), 5.0.1 (9A405) and 5.0.1 (9A406), as well as the iPad 2 running iOS 5.01 (9A405).

The Dev Team have also promised that the GUI will remain streamlined and that they will give users access to command-line interface so that they can run their own scripts and further customize their devices. Ultimately, the Dev Team expects that the Corona jailbreak will be integrated into redsn0w, although there will be some changes to the way it has worked in the past.

The Dev Team have warned users ahead of installing the Corona release that if they are looking to achieve an eventual software-based carrier unlock, that they should stay at iOS 5.0. They also warn that as the Corona jailbreak has never been done before, that as such, users should back up all their content before attempting the install when it becomes available.

Stay tuned for additional details as they become available.

iOS 5.1 beta 3 points towards additional Facebook, Twitter integration

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Date: Tuesday, January 17th, 2012, 13:00
Category: iOS, Rumor

What might you expect out of iOS 5.1? More Facebook.

Per iMore, evidence has been found indicating that Apple could add deep Facebook integration into a future operating system update. In one screenshot shown for the iOS Contacts application, there is an option to enter a person’s Facebook user name right below their Twitter account.

System-wide Twitter integration was one of the most-touted features of iOS 5, which was publicly released last October. After its release, signups for Twitter grew by 25 percent.

Deep integration with the social networking service allows users to quickly post Web links from Safari or pictures saved in the iPhoto application to Twitter. Presumably, future iOS integration with Facebook would offer similar functionality, making it easier for users to share information with their friends on the popular website.

The pre-release build of iOS 5.1 also reportedly includes references to new iPad models named “J1AP” and “J2AP.” The references corroborate with rumored code-names of “J1” and “J2” that were first reported last November, when it was said Apple was secretly working on two new iPad models.

The third beta of iOS 5.1 was provided to developers last week. It is compatible with the iPhone 4S, iPhone 4, iPhone 3GS, iPad 2, iPad, and fourth- and third-generation iPod touch.

Stay tuned for additional details as they become available.

WaterBlock technology demoed at CES, could provide waterproofing shield for iOS devices

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Date: Tuesday, January 17th, 2012, 04:13
Category: iPad, iPhone, iPod, News

With any luck, something will come of this.

And it will be spiffy.

Per Pocket Lint, HzO, the maker of a “WaterBlock” technology shown off at last week’s Consumer Electronics Show, has said it is in talks with Apple about using its material in future devices, including the iPhone.

HzO was promoting its nano-scale film barrier at CES last week, pitching it as a potential solution to waterproof expensive electronic equipment. One of their demonstrations included submerging an iPhone into water, and having it remain in proper working order.

HzO’s technology is similar to the nano-coating process demonstrated at CES by P2i, branded “Aridion” and profiled yesterday. A video demonstration of Aridion-treated paper also appeared recently. The technology is already in use by Motorola on both its Droid RAZR smartphone and XYBOARD tablet.

While speaking to attendees at the show, officials with HzO said that Apple is among the companies that have shown interest in the water repelling technology. Company officials said Apple was interested in making a future iPhone waterproof, potentially with a sixth-generation model expected to be released later this year.

“We expect HzO to be in next season’s phones,” the company reportedly said.

In addition to Apple, its rival Samsung is also said to have shown interest in HzO’s technology. The company said it showed a Samsung executive a waterproofed Galaxy S smartphone, and that company officials were “really excited” by what they saw.

HzO’s WaterBlock technology protects the insides of devices on a molecular scale. It has been used in demonstrations to protect a number of Apple products, including the iPhone 4S, iPads and iPods, after the material has been applied to the devices in a vacuum deposition process.

The company says that WaterBlock is a non-toxic, organic material that is safe for people to use. It also doesn’t change the aesthetics of a device or add any weight.

The technology is intended for “accidental encounters” with moisture, meaning use in deep waters or being submerged for an extended period of time is not recommended. However, HzO coated devices have reportedly been immersed in water for “many continuous hours,” and they continue to work fine.

“The technology is designed to protect against failure due to jumping in a pool and forgetting your phone was in your pocket, or dropping your iPod in the sink while doing dishes, or getting caught in a torrid rain storm and getting soaked, or leaving your smartphone in your pants when they go through the wash,” the company said.

Still, a video’s worth a thousand words, so here we go:

Let us know what you make of this in the comments.

Apple patent describes using 3D interface for iPhone

Posted by:
Date: Friday, January 13th, 2012, 08:57
Category: iPhone, News, Patents


This could definitely qualify as “nifty”.

Per AppleInsider, an Apple patent filing submitted in July of 2010 and made public this week by the US Patent and Trademark Office (USPTO), details a new iPhone interface concept in which the user relies on motion controls to interact with a 3D environment. However, this is not 3D in the sense of images springing off the screen; the patent filing refers to it as 3D images built with polygons.

According to the patent application, the interface “uses orientation data from onboard sensors, like a gyroscope and compass, to navigate the system.” A picture accompanying the patent filing shows a virtual room that the user could look around in by moving their device; a “snap to” feature would allow the user to automatically switch to a specific view through a preset action, such as shaking the iPhone.

Cool stuff if it comes to fruition.

Stay tuned for additional details as they become available.

Apple delays iPhone 4S China retail launch as result of unruly lines, crowds

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Date: Friday, January 13th, 2012, 05:42
Category: iPhone, News

It never hurts to keep a crowd under control.

Per AllThingsD, after an unruly crowd disrupted the release of Apple’s iPhone 4S at its flagship location in Beijing, Apple has decided to postpone the sale of its best-selling handset at its official retail locations in China, though the device will still be available through its carrier partner and authorized resellers, albeit the company has confirmed that it will delay sales of the iPhone 4S at retail locations in Beijing and Shanghai.

“The demand for iPhone 4S has been incredible, and our stores in China have already sold out,” an Apple spokesperson told the publication. “Unfortunately we were unable to open our store at Sanlitun due to the large crowd, and to ensure the safety of our customers and employees, iPhone will not available in our retail stores in Beijing and Shanghai for the time being. Customers can still order iPhone through the Apple Online Store, or buy at China Unicom and other authorized resellers.”

Apple retail staff at the Sanlitun Apple Store in Beijing put signs out Friday afternoon with a note saying, “This store will not be selling the iPhone in the recent future.”

Apple had previously announced that the iPhone 4S would go on sale at its Sanlitun retail store in Beijing at 7AM local time (6PM Eastern), but altercations between scalpers and line-waiters have allegedly delayed the launch. As of 8AM, the store had yet to open.

The imminent launch of Apple’s latest handset in China had attracted thousands of customers outside the company’s five stores throughout the country. Security barricades had originally been set up to manage the crowd at the Sanlitun store earlier in the week, but they were taken down sometime on Thursday night or Friday morning.

Remnants of the crowd outside Sanlitun Apple Store in Beijing early on Friday, Jan. 13.

One journalist on location in Beijing claimed that Apple had canceled the launch because fights had broken out during the night, while some crowd members claimed Apple would take orders for the iPhone 4S at the store on Friday without distributing the devices.

Groups of professional line-waiters and scalpers could be seen congregating outside the store early Friday. As the 7AM launch time came and went without Apple opening its doors, a number of them became disgruntled. Shouts of “Open the door!” rang periodically rang throughout the crowd. At one point, a group of unhappy line-waiters left shouting profanities at Apple. Several individuals were forcefully escorted away by security officials, though it was not immediately clear why they were being removed.

It was reported on Friday that some angry customers pelted the Apple Store with eggs after it was revealed that the device would not go on sale. According to the publication, the Apple Store in the Pudong district of Shanghai opened an hour early and has begun selling the iPhone 4S.

The 16GB iPhone 4S is selling for 4,988RMB (US$790) on Apple China’s online store, while the 32GB and 64GB models sell for 5,888RMB and 6,788RMB, respectively. Estimated shipping time is currently two weeks. China Unicom is also offering iPhone 4S for free with a multi-year contract on plans starting at 286RMB (US$45).

The well-organized secondary market in Beijing has led to conflicts at the Sanlitun store in the past. Last year, the release of the iPad 2 and white iPhone 4 was marred by an incident that resulted in a broken glass door and several injuries.

In addition to China, Apple is scheduled to launch the iPhone 4S in 21 more countries on Friday.

Stay tuned for additional details as they become available.

XtremeMac announces Tango TT dock/speaker accessory at CES

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Date: Thursday, January 12th, 2012, 03:51
Category: Accessory, iPad, iPhone, iPod Touch, News

This could prove nifty.

Over at CES, accessory maker XtremeMac has announced the Tango TT, a new speaker dock for iOS devices. Per iPodNN, the dock is unusual in featuring a sliding back, which can raise or lower a device for viewing at different vertical angles. It also features a flexible dock connector, which lets iOS devices (including iPads) sit in the dock in portrait or landscape orientations.

The speakers in the dock are multi-directional, and additionally support input from non-iOS devices through a line-in jack. At launch, a remote app and a photo frame app will be available to enhance use. The Tango TT is due to ship sometime this summer, but no pricing has been announced.

Stay tuned for additional details as they become available.

Corning unveils Gorilla Glass 2 at CES, material now 0.8mm thick and withstands 121 pounds of pressure

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Date: Tuesday, January 10th, 2012, 09:13
Category: Accessory, iPhone, News

Because you always wanted your iPhone to be nigh-on-invincible.

Per Gizmodo, Corning unveiled its new Gorilla Glass 2 at CES this week in Las Vegas, Nevada. While the original Gorilla Glass was about 1 millimeter thick, the new material is 20 percent thinner at just 0.8mm.

Corning said Gorilla Glass 2 will enable device makers to build thinner and sleeker devices with brighter images and greater touch sensitivity. Gorilla Glass is widely believed to be used in Apple’s iPhone and iPad, though the company has not revealed its suppliers for recent products like the iPhone 4S and iPad 2.

Product qualification and design implementation for Corning Gorilla Glass 2 is said to be underway with Corning’s customers. Devices featuring Gorilla Glass 2 will reportedly be unveiled over the coming months. While the new glass is just 0.8mm, it can withstand 121 pounds of pressure without cracking.

Corning’s special glass is 20 times stiffer and 30 times harder than plastic, thanks to a chemically strengthened alkali-aluminosilicate material. It is the most widely used cover glass, featured in more than 30 major brands and 575 different product models, with more than 500 million units sold worldwide.

Stay tuned for additional details as they become available.

iPhone 4S approved by China’s Radio Management Agency, moves closer to market

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Date: Tuesday, January 10th, 2012, 05:53
Category: iPhone, News

If you’re over in the orient, you might appreciate this.

Per the Wall Street Journal, an iPhone 4S model compatible with China Telecom’s network has been approved by regulators.

The newspaper reported that an Apple device, model number A1387 — the same number as current iPhone 4S models — was approved by the national telecom regulator’s China Radio Management agency, and is listed as being compatible with CDMA-2000, the same 3G network technology used by China Telecom.

The device must still receive other certifications, including a network access license, before it can be sold in the country, but the approval does signal that the handset should be available on China Telecom in the near future. Currently, China Unicom is the exclusive carrier of the iPhone in China; it will launch the iPhone 4S this coming Friday.

Stay tuned for additional details as they become available.