July 26

AAPL: 96.67

-0.67
Stock Chart

Just minutes ago, Apple released its official Q3 2016 earnings and as usual, the earnings release will be followed by a live conference call. Typically, Apple CEO Tim Cook and CFO Luca Maestri give a deeper look into the results, while questions will also be taken from analysts and investors.

In case you missed it, Apple reported $42.4 billion in revenue and $7.8 billion in operating profit. Contributing to those results were sales of  40.3 million iPhones, 9.9 million iPads, and 4.2 million Macs. As usual, Apple did not break out sales of the Apple Watch, which it says is for competitive reasons.

As usual, we’ll have live coverage of Apple’s earnings call in this post. The call will begin at 2PM ET/5PM PT. Tim Cook will likely speak first, followed by Maestri. The Q&A session will round out the call.

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Apple has officially reported its Q3 2016 earnings results with $42.4 billion in revenue and $7.8 billion in profit from the April to June quarter.

Apple® today announced financial results for its fiscal 2016 third quarter ended June 25, 2016. The Company posted quarterly revenue of $42.4 billion and quarterly net income of $7.8 billion, or $1.42 per diluted share. These results compare to revenue of $49.6 billion and net income of $10.7 billion, or $1.85 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 39.7 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

Here’s Apple’s breakdown of iPhone, iPad, and Mac sales from the quarter:

iPhone: 40.4 million units iPad: 9.9 million units Mac: 4.2 million units

Apple CEO Tim Cook:

“We are pleased to report third quarter results that reflect stronger customer demand and business performance than we anticipated at the start of the quarter,” said Tim Cook, Apple’s CEO. “We had a very successful launch of iPhone SE and we’re thrilled by customers’ and developers’ response to software and services we previewed at WWDC in June.”

And Apple CFO Luca Maestri:

“Our Services business grew 19 percent year-over-year and App Store revenue was the highest ever, as our installed base continued to grow and transacting customers hit an all-time record,” said Luca Maestri, Apple’s CFO. “We returned over $13 billion to investors through share repurchases and dividends, and we have now completed almost $177 billion of our $250 billion capital return program.”

Apple’s Q3 results compare to the prior quarter’s $50.6 billion in revenue, 51.1 million iPhone sales, 10.2 million iPad sales, and 4 million Mac sales. In the same quarter a year ago, Apple reported $49 billion in revenue, 47 million iPhones sold, 10.9 million iPads sold, and 4.7 million Macs sold. Apple reported $10.5 billion in profit in the prior quarter and $10.7 billion in profit in the year ago quarter. Apple’s revenue guidance for next quarter ranges from $45.5 billion to $47.5 billion.

Read on for Apple’s full Q3 earnings report, and stay tuned as we await Apple’s quarterly conference call at 2 p.m. PT/ 5 p.m. ET to discuss these results. Tim Cook and Luca Maestri are expected to deliver prepared commentary on the earnings results then field questions from analysts participating on the call.

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Apple today has acquired the rights to the insanely popular Carpool Karaoke series that started out as a part of The Late Late Show with James Corden on CBS. While it’s unclear how much Apple has paid for the series, it will release new episodes of it via the Apple Music, reports THR.

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9to5toys 

Last fall T-Mobile introduced its Binge On feature that allows subscribers to watch unlimited video from select services over their network, and today the carrier has expanded Binge On to include video content from Apple Music. This means T-Mobile customers can watch music videos or other video content through Apple Music without worrying about hitting a data cap. The carrier already supported unlimited audio streaming through Apple Music through its Music Freedom program.

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One of the options available when using Apple’s two-factor authentication (2FA) is to have a code sent to you via SMS. The US National Institute for Standards and Technology, which sets the standards for authentication software, says that text messaging is not sufficiently secure, and that its use for two-factor authentication will in future be barred …

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9to5google 

July 25

AAPL: 97.34

-1.32
Stock Chart

Six New York residents were charged today after authorities discovered they were attempting to make fraudulent purchases at various Apple retail locations in the Chicago area. According to the Chicago Tribune, the six people were charged in “an organized criminal enterprise.”

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iOS 10 includes a lot of new flagship features, from iMessage apps to a Siri SDK, as well as a lot of small tweaks and enhancements. The WebKit blog is highlighting one of these small feature changes, which makes watching animated GIFs on the web way better with iOS 10.

A lot of GIFs today are actually encoded as videos as GIF itself is a very bad format for animated content despite its popularity. However, Apple has imposed many restrictions on how videos behave in iPhone Safari such as requiring user interaction for playback to start until now. Up until iOS 9, many websites displayed GIFs as <video> elements but were held back by the limitations Apple enforced. With iOS 10, silent videos can now autoplay in the page, perfect for animated GIFs …

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electrek 
Tim Cook, Steve Jobs, and Bob Mansfield at the iPhone 4 'Antennagate' press conference
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According to a new report from The Wall Street Journal, Apple has recruited Bob Mansfield out of retirement and back to the company to lead the ‘Project Titan’ Apple Car team. Mansfield previously led Apple’s hardware team before moving to a special projects role where he worked on the Apple Watch before retiring and moving to an advisor role. Pulling Mansfield out of retirement to work on the Apple Car effort suggests the company strongly intends to bring an electric vehicle to market.

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Apple announced back in May that it would be opening an iOS App Design & Development Accelerator in Bengaluru, India – and the Economic Times reports that it has now agreed to lease more than 40,000 square feet of office space to house the facility.

Citing ‘three people familiar with the matter,’ the report says that the center will be spread over two floors at Galleria in North Bengaluru. Bengaluru – formerly called Bangalore – is known as ‘the IT capital of India,’ home to more technology startups than any other part of the country. Over a million people in the city work in the tech sector …

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July 22

AAPL: 98.66

-0.77
Stock Chart

Without giving away official download numbers or stats (or ever featuring the app), Apple has officially shared that Pokémon Go has broken the record for the highest number of downloads during launch week on the App Store. The popular iOS app has ranked #1 on both the Free and Top Grossing Top Charts in the App Store since its launch earlier this month.

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9to5toys 

Apple has once more been dubbed the world’s favorite company after last year losing out to Google.

Each year, FutureBrand looks at the world’s 100 largest companies and asks 3,000 consumers and industry professionals to score them on a range of factors, and to explain how they feel about their preferred companies. The two top feelings respondents had toward Apple were passion and admiration. Apple was ranked highly for individuality, authenticity, innovation and thought-leadership.

However, it’s possible that Apple may have retaken the number one slot on a technicality …

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9to5google 

July 21

AAPL: 99.43

-0.53
Stock Chart

Earlier this week 9to5Mac reader Matthew shared that the scaffolding has come down around the anticipated location of the first Brooklyn Apple Store, and today Apple has updated its website with official grand opening details. The Williamsburg Apple Store opens next Saturday on July 30th at 10am local time. The latest New York City location can be found at 247 Bedford Avenue in Brooklyn.

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electrek 
A Tesla-style concept of the Apple Car from CarWow
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Project Titan news, the name given to Apple’s electric vehicle project, has been relatively quiet lately despite the expected introduction in 2020 inching closer by the day. That may be because the introduction target for Apple Car has moved back one year to 2021. Included in a profile of three brothers who are said to have worked on the Apple Car project, The Information includes this nugget:

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