Apple isn’t breaking out Apple Watch sales or revenue during today’s fiscal third quarter earnings report (the three month period that ended in June). While that’s not a surprise— Apple said previously it wouldn’t disclose Apple Watch numbers for competitive reasons— today we did get our first official glimpse at how the Apple Watch sold during its launch. The math plus some hints from Tim Cook himself hints that Apple Watch sold over $1.4 billion in revenue: expand full story
Since its launch, Apple Watch sales estimates have either shown it as doing incredibly well, or that it’s doomed to failure. Tim Cook hasn’t announced any figures yet, and may not even report them during tomorrow’s quarterly earnings call. But that won’t stop analysts guessing. If recent “estimates” are anything to go by, the financial wizards in charge of looking in to these numbers have no idea what’s going on. Estimates are all over the place… expand full story
Following reports that said Apple had begun manufacturing the next-generation iPhone in late June, a new report by the Wall Street Journal is oloorroborating the story. It says that Apple is asking suppliers to produce a record number of ‘iPhone 6S’ units for the upcoming fall launch, topping 90 million units by the end of the year. Apple sold 74.5 million iPhones in the equivalent quarter in 2014, spurred by the success of the iPhone 6 and iPhone 6 Plus.
The report also matches previous rumors that the new iPhone will feature Force Touch, which 9to5Mac extensively covered back in May. The iPhone 6S is expected to look almost identical to the iPhone 6 with improvements focusing on the camera, new pressure sensitivity screens and internal component improvements.
A federal appeals court today has upheld the 2013 ruling in Apple’s long-winded and high-profile ebooks case. The case, which centered around Apple price fixing content in the iBooks store, went through three years of litigation thanks mostly to Apple. Today’s ruling by a federal appeals court will see Apple pay $450 million in damages at long last.
Apple first launched its Shot on iPhone 6 ad campaign earlier this year to showcase photographs taken by users with their iPhone. The shots were shown in Apple’s World Gallery and were taken from various areas around the world. Now, Apple’s World Gallery campaign has taken the top prize in the Outdoor Lions category at the Cannes Grand Prix festival. The World Gallery images were shown off on billboards around the world.
The equipment needed to carry out a proper eye examination typically costs $20-40k; the Smart Vision Labs SVOne aims to reduce that cost to just $4k by using an iPhone as part of the kit. The iPhone takes a series of photos of the eye, while an app performs the analysis and generates a prescription.
We were given a demo of the kit last year (video below), but the company needed funding to make it possible. Smart Vision announced today that it’s raised $6.1M in institutional funding led by Techstars Ventures. The funding allows it to scale its production and expand the team, helping it reach an estimated billion people around the world who don’t currently have access to eye examinations … expand full story
[Updated with AT&T statement below the fold…]
The Federal Communications Commission announced today that it plans to fine AT&T $100 million for throttling data speeds for customers with unlimited data plans. In its complaint, the FCC said the carrier “deprived consumers of sufficient information to make informed choices about their broadband service” which hurt competition… expand full story
In a filing with the Securities and Exchange Commission (SEC) today, Apple revealed that CEO Tim Cook has donated 50,000 Apple stock shares to charity this week. At today’s stock price of just over $130 per share, this number of shares is equivalent to approximately $6.5 million. Cook’s previous publicly-known, personal donation was to Project One America, an LGBT equality campaign…
The Los Angeles Unified School District is seeking to recoup millions of dollars from technology giant Apple over a problem-plagued curriculum that was provided with iPads intended to be given to every student, teacher and administrator.
The project ran into early problems when students figured out how to bypass the restrictions designed to ensure the devices could be used only for school work, shortly before the district was accused of having miscalculated the cost of the program. The program was suspended last year, and later abandoned after deciding iPads were the wrong device. This was far from the end of the story, however … expand full story
A study by Slice Intelligence estimates that Apple recorded 957,000 Apple Watch preorders on Friday in the US, the first day the device was available to order. On average, customers bought 1.3 watches which means that many customers ordered two or more units. The Sport model was the most popular choice, making up 62% of orders. As the Watch debuted in nine countries, it is possible that total orders were much greater than the 1 million number which only totals US orders. Significant supply constraints may have dampened initial orders however.
The most popular model purchased was the Space Grey Sport, followed by the normal stainless steel Apple Watch, then the Silver Sport. The Space Black Apple Watch model captured just 3% of orders although it was in limited supply (4 – 6 weeks) from the beginning of preorders and is also the most expensive model of Apple Watch. The report ignores sales data for the Apple Watch Edition in its calculations.
As the launch of the Apple Watch nears, Reuters this evening reports that Apple has been increasing its advertising of the device significantly over the past month. Since the company’s “Spring Forward” event on March 9th, Apple has spent $38 million on its Watch advertising campaign. That number includes U.S. TV ads and digital responses.
Times of India is reporting that Apple is expected to have hit $1B in revenue in India in the financial year ended on 31st March – up 42% year-on-year, and a tripling of revenue over the past three years. India is one of the so-called BRIC nations (Brazil, Russia, India, China) where Apple is expecting to see a large chunk of its future growth.
It had previously been reported that Apple sold half a million iPhones in the final calendar quarter of 2014, and Cybermedia Research estimates that it sold 1.3M phones in the full financial year. If true, “over $1B revenue is inevitable,” says the report … expand full story
UK Safari users have been given the go-ahead to sue Google for continuing to drop cookies on their devices even after they had refused permission through their browser settings.
It was revealed in 2012 that Google bypassed the setting in Safari which instructed sites not to drop cookies, enabling it to deliver personalized ads. The FTC in the US fined the company $22.5M for the practice, with millions more in additional fines levied by 38 US states. There was no government action in the UK, but a group of British iPhone users took Google to court, seeking compensation for breaching their privacy.
Google had attempted to have the case dismissed, claiming that there was no case to answer as the plaintiffs had not suffered any financial harm, but the UK’s Court of Appeal has rejected this argument, allowing the case to proceed …
Apple today released a trio of OS X security updates for the Safari web browser, labeled 8.0.4, 7.1.4, and 6.2.4 for OS X Yosemite, Mavericks, and Mountain Lion, respectively. The updates revolve around fixes for WebKit:
Impact: Visiting a maliciously crafted website may lead to an
unexpected application termination or arbitrary code execution
Description: Multiple memory corruption issues existed in WebKit.
These issues were addressed through improved memory handling.
Impact: Inconsistent user interface may prevent users from
discerning a phishing attack
Description: A user interface inconsistency existed in Safari that
allowed an attacker to misrepresent the URL. This issue was addressed
through improved user interface consistency checks.
The updates are available from the Mac App Store’s Software Update tab. An update is not yet available for OS X 10.10.3, which includes Safari version 8.0.5.
In the latest sales forecast from KGI securities, Analyst Ming-Chi Kuo expects a number of factors to contribute to initial slow sales of Apple’s thin new 12-inch MacBook w/Retina display. The analyst with an excellent track record believes that “higher price and concerns about the model having only one USB-C I/O, a potential inconvenience, along with supply chain constraints” will keep unit numbers at around 450K units leading up to Apple’s WWDC in June. That’s the event where a new Mac operating system, OS 10.11, will likely be unveiled.
Kuo is much more bullish on the long term prospects of the device and its features, however. He believes the product will “prompt the market to refocus on the thin and light form factor design trend, including metal casing, hinge, fanless thermal system, USB Type-C and thinner keyboard/ panel,” which already has begun to happen if our inboxes are any indication.
Full Note on MacBooks follows:
A day after announcing the Apple Watch pricing and availability as well as an all-new 12-inch MacBook, Apple has revealed in an interview with Fortune that it will partner with a number of non-profit organizations and donate more than $50 million toward the effort of recruiting women, minorities, and veterans to Apple.
In an exclusive interview with Fortune, Apple’s human resources chief Denise Young Smith said the company is partnering with several non-profit organizations on a multi-year, multi-million-dollar effort to increase the pipeline of women, minorities, and veterans in the technology industry—and, of course, at Apple.