Apple to Release Q3 Financial Results Today

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Date: Tuesday, July 21st, 2009, 05:34
Category: Finance, News

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It’s that time again and Apple has released a media advisory stating that the company will be releasing the financial results for the third fiscal quarter and second calendar quarter of 2009. The results will cover sales from March 28th, 2009 through June 26th, 2009, and will be released at the close of trading (4:00 PM Eastern / 1:00 PM Pacific) on Tuesday.

The conference call discussing the results will follow at 2:00 PM Pacific and will be available via an audio webcast.

Stay tuned to PowerPage throughout the day for updates galore.

Apple CEO Steve Jobs Returns to Work

Posted by:
Date: Tuesday, June 30th, 2009, 04:27
Category: News

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Apple CEO Steve Jobs returned to work at Apple following a six-month medical leave.

“Steve is back to work,” a company spokesman told Reuters. “He’s currently at Apple a few days a week, and working from home the remaining days. We are very glad to have him back.”

In January, Apple announced that Jobs, who was thought to be suffering from a hormone imbalance that was contributing to his weight-loss, would take a medical leave through the end of June after discovering that his health problems were “more complex” than originally thought.

It was later revealed that Jobs spent much of that waiting for, receiving, and then recovering from, a liver transplant that was conducted at Methodist University Hospital in Memphis, Tennessee.

James D. Eason, M.D., chief of transplantation and professor of surgery at the hospital, would later say that Jobs’ prognosis following the surgery was “excellent.”

Jobs Acknowledges Liver Transplant, Cites Good Condition

Posted by:
Date: Wednesday, June 24th, 2009, 04:35
Category: News

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Working to settle the question of his health once and for all, Apple chief Steve Jobs has acknowledged that he did undergo a liver transplant at Methodist University Hospital and that he has come out of surgery in good condition.

Per AppleInsider Jobs gave permission to the Tennessee hospital to publish the news after a leak on Friday had all but confirmed the operation in the southeastern state.

Program director Dr. James D. Eason justified the transplant, which can sometimes be controversial due to its uncertainty, by noting that Jobs likely needed it. He was the patient with the greatest likelihood of developing an end-stage liver disease among those with a blood type matching the next available donor liver; as such, he was a prime candidate for the operation.

Even so, as he was the patient with the greatest risk in the waiting line, Jobs is now believed to have come out of his surgery with an “excellent prognosis” and a strong recovery.

Jobs declined to provide more information on the reasons for the surgery or his current state, but experts may have answered these questions themselves. Physicians speculating about the operation suggest that, like the majority patients who recovered from the form of pancreatic cancer he had in 2004, the cancer had metastasized in his liver, creating the “hormonal imbalance” that ultimately forced Jobs to take leave of his normal office for the past six months.

Tennessee is known to have been chosen for the small size of its transplant waiting list. Where the median number of days a patient would have to wait for a procedure in the US was 306 as of 2006, Tennessee’s list was just 48. Methodist University Hospital also points out that it’s one of the ten largest locations offering liver transplants in the U.S. and that Jobs specifically chose the hospital due to its strong reputation for patient survival rates.

Though it’s currently unknown just how healthy the Apple CEO is or when his surgery actually took place, Jobs has purportedly been seen on campus this week. He was also quoted in a press release for the first time in months on Monday.

Jobs Receives Liver Transplant, Expected to Return to Apple at End of June

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Date: Monday, June 22nd, 2009, 09:23
Category: News

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While it was never entirely clear what Apple co-founder Steve Jobs would do to recuperate between January and June, a Wall Street Journal article maintains that he’s had a liver transplant and that his return to work may be gradual at first.

Citing sources close to the story, the article state that Jobs had his transplant two months earlier through doctors in Tennessee. Although these are sometimes problematic, the company head is viewed as “recovering well” and on track to resume his usual post in the often-repeated late June timeframe.

Upon his return, Jobs isn’t expected to go full-out, as usual. Instead, his physicians have reportedly advised him to only work part-time for the first “month or two” until it’s certain he can handle a full slate.

As a consequence, Tim Cook, normally the chief operating officer and temporarily handling chief executive duties during Jobs’ absence, may now be more involved with Apple’s leadership than he has in the past. How much of this will vary from his current acting CEO role isn’t clear, but it’s hinted he may be placed on Apple’s board of directors sometime soon, giving him greater sway over the direction of the Mac maker.

The transplant, if true, could well create a much clearer picture of what triggered Jobs’ rapid weight loss in 2008 and his forced break in 2009. Washington University doctor William Hawkins believes that the pancreatic cancer that affected Jobs in 2004, once thought cured, metastasized again in his liver — the organ most likely to continue supporting that particular form of cancer. About three quarters of all those who recover from the initial pancreatic tumor get that cancer again.

Strangely enough, few opt for a liver transplant, as spare organs are rare and there’s no guarantee that replacing the cancerous organ will solve the problem. The odds are nonetheless good and again see three quarters of those who pick the transplant option surviving at least five years longer. Tennessee was likely chosen as the waiting list was shorter than in other states and feasible for a man with the income to travel wherever he could get the quickest treatment.

Not surprisingly, confirming any of these assertions proves difficult through Apple’s tendency towards secrecy, and especially that of Steve Jobs, who has long expressed frustration with journalists and investors intruding into what he sees as a private matter. None of the hospitals committed to regularly performing liver transplants say they have Jobs as a patient. When asked, Apple spokeswoman Katie Cotton would only echo the company’s official statement that Jobs “continues to look forward” to his end-of-June return.

Report Cites Jobs as Ready to Return to Apple

Posted by:
Date: Friday, June 5th, 2009, 09:27
Category: News

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Apple’s stock rose appreciably following news that company CEO Steve Jobs is on track to return to the company from his medical leave of absence as planned.
Per a Reuters article, sources have cited that Jobs will return by the end of the month, which would place his comeback ahead of Apple’s Worldwide Developer Conference in San Francisco on Monday, an event at which Jobs unveiled Apple’s 3G iPhone a year ago but had not been expected to attend this time.
Jobs, 54, had said his medical leave would run until the end of June when he initially announced the move in January, setting the stage for a July return. Company representatives had said repeatedly he remained involved in strategic decisions and would return as scheduled.
Jobs was treated for a rare type of pancreatic cancer in 2004. He appeared gaunt at an Apple event last June and in January said he would take a leave of absence because his health problems were “more complex” than originally thought.
The Apple CEO’s recovery “is coming along,” the news wire reported.
The report also said two people who do business with Apple have been told by Apple managers that the company is trying to coordinate Jobs’ return with a product launch or public event.
Stay tuned for additional details as they become available.

Woz Cites Jobs as “Healthy”, “Energetic” Prior to Scheduled Return to Apple

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Date: Thursday, May 28th, 2009, 08:58
Category: News

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Joker/dancer/Apple co-founder apparently had the opportunity to speak with Apple CEO Steve Jobs recently and has reported that Jobs sounded “healthy” and “energetic” with a little over a month prior to his scheduled return to the company.
Woz’s comments appeared yesterday at on the Wall Stree Journal’s web site, and though Wozniak admitted to having never asked Jobs about his health directly, he told representatives for the financial paper that his one-time pal “doesn’t sound like he’s sick,” nor does he appear to be battling a dire health problem.
The upbeat comments contrast with those made by Jobs’ real estate attorney Howard Ellman last month during a town council meeting to determine whether the chief executive should be free to demolish a historic but abandoned mansion he owns in the Woodside Hills.
“I don’t think he would be strong enough if we were here until 1 a.m., and I think there’s a strong possibility of that,” Ellman said, referring to the time it would take for the local review board to hear all arguments on the matter.
On January 14th of this year, Jobs stated that he would take a medical leave from his daily role at Apple through the end of June in order to attend to health issues that turned out to be “more complex” than he originally thought.
Although he underwent successful surgery for pancreatic cancer in 2004, Jobs’ health would again emerge as a topic of public concern when he appeared increasingly gaunt during Apple media events in 2007 and 2008.
Wall Street analysts have used recent quarterly conference calls to press members of Apple’s leadership for an update on Jobs’ health, to which they’ve responded by saying they still expect Jobs to return at the end of June.
It remains unclear as to what capacity Jobs will return to the company in and some analysts have speculated that if he does return, it will be in the form of a reduced role such as Chairman.
Stay tuned for further information as it becomes available.

Rumor: Apple, Verizon in Talks for 2010 iPhone

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Date: Monday, April 27th, 2009, 08:34
Category: Rumor

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Despite its exclusive contract with carrier AT&T, Apple is now claimed to be in discussions with Apple for its own version of the iPhone in 2010.
According to USA Today, anonymous sources familiar with the negotiations stated that Verizon reportedly entered serious talks before Steve Jobs’ hiatus and has been continuing those talks even with Jobs temporarily sidelined for medical reasons.
Other than a 2010 target release window, little else has been divulged by the apparent insiders.
Though not explicitly stated, the article infers that the phone would be a CDMA device compatible with Verizon’s existing network and therefore using EVDO for its 3G Internet access. Such a move would give the phone broad coverage but directly contradicts Apple COO Tim Cook’s own dismissal of CDMA last week. During a previous speech regarding iPhone expansion plans, the executive justified the absence of a CDMA model by arguing that a single, GSM phone model is easier to produce than building a separate version for a relatively small batch of customers. Cook also sharply criticized CDMA by asserting that it has no future, as most CDMA carriers plan to phase out the calling technology in favor of the same 4G standard that will be used on GSM networks.
A direct leap to a 4G seems more liekly and Verizon chief executive Ivan Seidenberg recently explained that a deal is more likely for a phone with the advanced networking technology as it would let Apple continue making one phone but still service North American carriers that are for now off limits.
Verizon has stated that it plans to officially launch its commercial 4G network in early 2010 and would therefore have at least some of its network ready for an iPhone by the time AT&T’s exclusivity term ends, which is likely for the same year.

Jobs Apparently Still “Closely Involved” in “Key Aspects” of Apple

Posted by:
Date: Monday, April 13th, 2009, 06:04
Category: News

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According to “people familiar with the matter,” Apple CEO Steve Jobs remains “closely involved” with “key aspects” of running Apple according to a Wall Street Journal article.
Though currently on medical leave since January, the paper is reporting that Jobs is working hard from home and is still involved in both strategy and key products, including details surrounding the new interface elements in iPhone 3.0.
Apple’s comment on the situation is a blanket statement that “Steve continues to look forward to returning to Apple at the end of June.”
Stay tuned for additional details as they become available.

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Rumor: Apple May be Building Netbook

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Date: Tuesday, March 10th, 2009, 09:09
Category: Rumor

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Despite its public comments regarding the issue, Apple may in fact be working on a netbook which could be released sometime this year.
According to the DigiTimes newspaper, Apple has ordered displays from a well-known touch-panel supplier for use with such a system sometime in 2009.
According to the report, Taiwan-based Wintek will start shipping the panels to the Cupertino-based Mac maker sometime during the third quarter of the year for an official launch at an unknown date.
“Wintek revealed that it is currently working with Apple to develop some new products, but it said it does not know what applications the new products are for,” the DigiTimes report said. “Wintek added that no shipment schedule has been worked out yet, but shipments are likely to begin in the second half of the year.”
In the original report, the Commercial Times stated that Quanta Computer would be responsible for assembling the netbooks.
Such a move would appear to be contradictory to comments made by Apple executives, who in recent months, hav downplayed the market for stripped down, sub-US$600 notebooks.
“As we look at the netbook category, that’s a nascent category,” Apple chief executive Steve Jobs said last fall. “As best as we can tell, there’s not a lot of them being sold.”
Other criticisms have gone on record from Apple chief operating office Tim Cook, who noted that netbooks are “principally based on hardware that’s much less powerful than we think customers want, software technology that is not good, cramped keyboards, small displays.”
“We don’t think people will be pleased with those products,” he added. “It’s a category we watch, we’ve got some ideas here, but right now we think the products are inferior and will not provide an experience to customers they’re happy with.”
Stay tuned for additional details as they become available and let us know what you think in the comments or forums.

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Rumor: Apple May Bundle Professional Features for Free Into Mac OS X 10.6

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Date: Wednesday, February 11th, 2009, 08:38
Category: Rumor

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It came from the rumor mill, so while it’s still unconfirmed, it’s at least interesting.
According to MacRumors, an architectural overhaul to Apple’s QuickTime media software due as part of Mac OS X 10.6 Snow Leopard may ship with a media player that bundles once-premium features at no cost.
For over a decade now, Apple has distributed a limited version of its QuickTime Player application with its operating systems, offering the Pro version as a commercial add-on. Once purchased, QuickTime Pro unlocks advanced recording, sharing, saving and exporting functions after users buy a license key, which the company sells for US$29.95 and also bundles with some of its Pro software titles.
The QuickTime Pro licensing system appears due to change, as a source familiar with the latest distributions of Snow Leopard told MacRumors earlier this week that the software arrived with a version of Player that unlocks all QuickTime Pro’s existing features by default.
Though the accessibility of Pro features in the Snow Leopard builds could simply be a means of allowing developers access to test the new version of QuickTime, it was also reported that QuickTime system preference panel has been updated to completely omit the registration pane.
In recent years, Apple has loosened its grip on some legacy QuickTime Pro features while debuting others. In early 2007, the company added a new feature to the professional version of QuickTime that allowed users to export video on their computers in a format suitable for its then fledgling Apple TV media hub. A few months later it unlocked full-screen playback, a feature once exclusive to the Pro software.
Current speculation points to Apple’s shedding its need to directly earn revenue from QuickTime licensing, which may have changed from the days when Apple was generating income solely from its sales of Macintosh computers.
Shortly after the initial development of QuickTime 1.0 in 1991, Apple attempted to cover its development costs by packaging the technology into a US$149 Pro version of its Mac System 7 operating system software in 1993. That plan failed miserably given an expectancy towards free updates as well as other technologies to become acquainted with in System 7.
When QuickTime 2.0 was released in 1994, it was the only version to be released as a paid-only upgrade and was also the first version offered for Windows. By version 2.1, Apple was back to offering QuickTime for free, largely to spur rapid cross platform adoption as it fought with Microsoft to deliver the best video playback platform.
Apple’s inability to successfully license QuickTime as a raw software technology to the broad consumer market helps to explain why the company also makes no effort to sell Mac OS X to other hardware makers or as a retail product, and instead bundles its software with hardware sales.
Stay tuned for additional details as they become available and if you’re played with a version of Mac OS X 10.6 and can offer any feedback about it, let us know in the comments or forums.

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