Tim Cook has just announced on the earnings call that Angela Ahrendts, ex-CEO of Burberry, will join Apple next week. She became a Dame of the British Empire a few weeks ago. Recent doubts about her joining date were clearly false, as she is joining Apple next week.
A new video published by UnboxTherapy provides a closer look at an alleged third-party case for Apple’s upcoming iPhone 6 that was recently shown off in a set of photos. The case’s design definitely falls in line with previous leaks and rumors that we’ve reported on, but could be a manufacturer’s attempt to take a risk and get ahead of the game.
The video below compares the case’s design to the iPhone 5s, Nexus 5, and Samsung Galaxy Note 3. Surprisingly, the case’s layout almost lines up perfectly with Google’s Nexus 5, which gives us a good idea of the iPhone 6′s overall form-factor if the leaked specifications used to manufacture this case are correct.
As we previously shared last month, Apple is scheduled to hold its quarterly conference call to discuss its earnings report from the second quarter of its fiscal year: this includes 43 million iPhones, 16 million iPads, and 4 million Macs. As the company reported, it earned $45.6 billion in revenue during Q2. Apple has already made news as it announced the first split of its stock since February 2005.
In terms of product announcements during that timeframe, Apple was relatively quiet; it expanded iTunes Radio to Australia and added NPR support, rebranded iOS in the Car as CarPlay with compatible cars arriving later this year, introduced a cheaper 8GB iPhone 5c in several non-US markets, replaced the iPad 2 with the iPad 4 at the same price point, and announced its worldwide developer conference scheduled for June 2. Apple is currently positioned to save new products for the latter half of the year as it did in 2013.
Investors and analysts are sure to raise this point during the call, and we’ll be listening and bringing you coverage starting at 5pm EST/ 2pm PST. Read more
Apple just announced its second quarter results for 2014 with revenue for the quarter coming in at $45.6 billion. That’s compared to the guidance it previously provided of $42 – $44 billion and estimates by analysts averaging approximately $43.5B. Apple’s $45.6 billion in revenue reported today is also up from the $43.6 billion in revenue in the year ago quarter.
Break down of device sales for Q2 2014 include 43.7m million iPhones, 16.3 million iPads, and 4.1 million Macs. Compare that to an average of 38M iPhones, 19.3M iPads, 4M Macs, and 3M iPods predicted by the analysts leading up to today. In the same quarter last year, Apple sold 37.4 million iPhones, 19.5 million iPads, just under 4 million Macs, and 5.6 million iPods.
It also reported net quarterly profit of $10.2 billion, or $11.62 per diluted share in contrast to quarterly net profit of $9.5 billion, or $10.09 per diluted share in the same quarter last year.
“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”
“We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter,” said Peter Oppenheimer, Apple’s CFO. “That brings cumulative payments under our capital return program to $66 billion.”
Apple is providing guidance for its next quarter of revenue between $36 billion and $38 billion.
The question of the day for Tim Cook and other Apple executives on today’s call will surely be the new product categories that Cook previously said were coming across 2014 and have yet to make an appearance in the first quarter. With Apple’s WWDC developer conference just around the corner, we’ll have to wait and see if Cook gives us any clues of what’s to come during the call today at 2:00 p.m. PST/5:00 p.m. EST. Stay tuned to our live blog for coverage.
Apple’s full press release is below: Read more
As part of Apple’s earnings releases, Apple has announced an extension to its buyback plans. The company will now buyback an additional $30 billion of Apple stock, totalling $90 billion, significantly accelerating its original plans.
Apple® today announced that its Board of Directors has authorized another significant increase to the Company’s program to return capital to shareholders. The Company expects to utilize a total of over $130 billion of cash under the expanded program by the end of calendar 2015.
The board has also announced a seven-for-one stock split beginning June 2nd 2014. Apple last split its stock in 2005, nine years ago. Apple will also increase the dividend by about 8 percent to $3.29 per common share. This will begin on May 15th. Apple plans to increase its dividend every year. In an interview with the Wall Street Journal, Cook said that the buyback will “show you how much confidence we have in the future of the company”.
Code found within the iOS 7.1 SDK suggests that Siri is headed to the Apple TV in future. Pierre Blazquez first found the reference on Friday. 9to5Mac has since confirmed that the code does exist in both iOS 7.1 and iOS 7.1.1′s files. The reference does not exist in 7.0.6.
The file is a supporting property-list resource for Assistant (Apple’s internal name for Siri), containing information about the feature. The UIDeviceFamily array declares what platforms are compatible with the feature.
As shown by Apple’s documentation, ’1′ and ’2′ represent the iPhone/iPod touch and iPad families. The ’3′ represents the Apple TV family.