Chief financial officer ▪ September 21, 2011

Clearly, Sprint CEO Dan Hesse knows (whether or not) he’s getting the iPhone in a few weeks. But he’s obviously sworn to secrecy by Apple.

The problem is that he has to tell investors how he’s going to come up with all of the additional money and subscribers that will come with getting the iPhone and offering it on unlimited data plans.  When asked about the “rumored device” he said,

“If we get it–if–we may have to adjust our guidance for that,”

Last week, Sprint CFO Joe Euteneuer did the same dance, saying that Sprint’s network could handle the iPhone, not that it was getting it.

It will indeed be interesting to see how Sprint’s network can handle the iPhone, especially with unlimited plans.

In other ‘News’, Al Gore mentioned that Apple would be releasing new iPhones next month.

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Chief financial officer ▪ July 19, 2011


Apple’s beautiful Bejing Retail Store

Apple felt incredibly bullish on China in today’s conference call, rattling off numbers that even Tim Cook admitted they wouldn’t have believed if they had been told a year ago.  How big is China for Apple?

In the year ago quarter, Apple counted $630 Million in revenues from China.  Today, Apple grew that by a factor of six to $3.8B of the total $28+B of their total revenues for the quarter.  That’s 13.3% of Apple’s total business by revenue which now comes from China.

To put that in perspective, $3.8B would have been over two-thirds of Apple’s 2007 (iPhone release) same quarter revenue and more than Apple’s whole global revenue for June ’05.

But ‘we’re only scratching the surface’.

Cook talked again about pre-paid phones (which are dominant in China) and a deal with the 600M-user China Mobile which is said to be in the wings.  Apple is also said to be exploring a cheaper iPhone offering which would appeal to a much broader swath of the Chinese market (Indian too).  This comes against a backdrop of Google Chairmen Eric Schmidt who is also bullish on Asia for Android.

Apple is also being aggressive in their China retail stores, choosing to open larger flagship stores which take more time to build.  CFO Peter Oppenheimer mentioned that the Hong Kong Flagship store at the IFC would be opening this quarter.  But Apple has an order of magnitude more stores opening up across China.  Apple now sells through four stores.  They have over 30 planned just for the next year.

If Apple’s growth in China stays on the current pace, which ‘scratching the surface’ seems to at least partially imply, China will account for over $20B in revenue at this time next year – which could start approach Apple’s US revenues even if Apple continues to grow globally as it has.

Below is an edited transcript of Cook’s remarks on China from Macworld: expand full story

Chief financial officer ▪ May 19, 2011

Last Month, Verizon CFO Fran Shammo told an investor conference call that the Verizon iPhone would be a World phone.  The CFO was also the first to reveal the Verizon iPad.  Many think that the current Verizon iPhone’s inclusion of a worldphone-capable Gobi chip from Qualcomm is a preview into the future of the iPhone line.

Again, today  Shammo told the Reuters Global Technology Summit a bit more:

While Verizon has sold fewer iPhones than some analysts expected, Shammo said he was happy with sales of the “six-month-old phone” that only works in some countries.

When the next iPhone model launches Verizon will be able to offer it at the same time as AT&T. Verizon’s version will also work in as many countries as AT&T’s iPhone, which has global coverage, Shammo said.

Some customers held off on buying the first Verizon iPhone because they were waiting for a model that supports Verizon’s high-speed wireless service, which runs on a new technology called Long Term Evolution (LTE).

Shammo said that even if the next iPhone does not support LTE, Verizon will have enough high-speed alternatives to sell.

That’s a pretty good clue that the next iPhone won’t be LTE, which Apple CFO Tim Cook all but revealed himself at the last earnings call:

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