iOS Devices April 27
The FBI has decided it will not divulge the details of how it successfully hacked into the San Bernardino iPhone to Apple, having found a method at the last-minute just hours before going to court in late March. However, in an attempt to appear helpful and cooperative, the FBI gave Apple its first security tipoff under the Vulnerability Equities Process this month.
Reuters reports the FBI informed Apple of a security flaw affecting iOS and Mac software on April 14th, as part of a process that balances the needs of law enforcement to hack devices and the needs of manufacturers to patch found flaws before criminals can use them …
Having already released its first iPhone game Miitomo, a bespoke social networking game, Nintendo is now teasing the next round of games headed to the iPhone and iOS devices. Notably, unlike Miitomo, these are going to be versions of existing successful Nintendo franchises: Animal Crossing and Fire Emblem.
Although Animal Crossing is not quite on the same podium as Super Mario, it is still major first-party intellectual property for Nintendo to release on non-Nintendo consoles for the first time. The new smartphone and tablet titles are expected to be released later this year, around October.
iOS Devices April 26
With drops in revenue and iOS device sales in what CEO Tim Cook called a “challenging quarter,” highlights from Apple’s Q2 2016 earnings today include an increase in Apple Music subscribers, more cash for Apple’s capital return and share repurchasing programs, and a “huge number of Android switchers and new to Mac customers.” Cook said the company had record switchers from Android and others platforms in the quarter and also noted an increase of 56% for iPhone sales in India despite an overall decline for iOS device sales.
Cook said the company hit record App Store revenue up 35% and updated us on Apple Pay noting the payments service has grown around 5X compared to a year ago and is adding approximately 1 million new users a week.
After reporting its Q2 2016 earnings earlier today, the company is now hosting its conference call where we’ll likely get some more insight and comments on the numbers from Apple execs. Head below for a roundup of all the numbers Apple announced today, and check back for more as we listen in on Apple’s call.
Alongside its announcement of Apple’s quarterly earnings, its first revenue decline since 2003, Apple has also announced latest numbers for Apple Music, its $9.99 per month streaming music service. The company says it now has 13 million paying subscribers, up from 11 million in February.
This compares to about 30 million subscribers to leading competitor Spotify, although the service obviously had a multi-year headstart over Apple’s streaming service, which launched last June.
Apple has officially posted its Q2 2016 earnings results with $50.6 billion in revenue and $10.5 billion in profit from the January to March quarter. Apple’s guidance last quarter first pointed to a year-over-year decline in iPhone sales for the quarter following the holiday season citing global economic issues and inflated iPhone 6 demand due to supply constraints the year earlier. Apple’s updated 4-inch iPhone SE and 9.7-inch iPad Pro launched at the end of March.
Apple® today announced financial results for its fiscal 2016 second quarter ended March 26, 2016. The Company posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion, or $1.90 per diluted share. These results compare to revenue of $58 billion and net income of $13.6 billion, or $2.33 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 40.8 percent in the year-ago quarter. International sales accounted for 67 percent of the quarter’s revenue.
Here’s Apple’s breakdown of iPhone, iPad, and Mac sales from the quarter:
- iPhone: 51.1 million units
- iPad: 10.2 million units
- Mac: 4 million units
For iPhone sales, that’s an 18% year-over-year drop and a 19% drop for iPads.
Apple CEO Tim Cook had this to say:
“Our team executed extremely well in the face of strong macroeconomic headwinds,” said Tim Cook, Apple’s CEO. “We are very happy with the continued strong growth in revenue from Services, thanks to the incredible strength of the Apple ecosystem and our growing base of over one billion active devices.”
And Luca Maestri, chief financial officer, said this:
“We generated strong operating cash flow of $11.6 billion and returned $10 billion to shareholders through our capital return program during the March quarter,” said Luca Maestri, Apple’s CFO. “Thanks to the strength of our business results, we are happy to be announcing today a further increase of the program to $250 billion.”
Apple’s Q2 results compare to the prior quarter’s $75.9 billion in revenue, 74.8 million iPhone sales, 16.1 million iPad sales, and 5.3 million Mac sales. In the same quarter a year ago, Apple reported $58 billion in revenue, 61.1 million iPhones sold, 12.6 million iPads sold, and 4.5 million Macs sold. Apple reported $18.4 billion in profit in the prior quarter and $13.6 billion in profit in the year ago quarter.