Apple reports $45.6 billion revenue for Q2 2014: 43.7m iPhones, 16.3m iPads, 4.1m Macs, 2.7m iPods

130521141911-tim-cook-hero-tax-code-614xaApple 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

Rovio announces new ‘Angry Birds Stella’ game coming this fall

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After a couple of teases that a new Angry Birds title was incoming, Rovio today announced that a new game called “Angry Birds Stella” is coming soon. The game features a female lead character unlike the majority of Rovio’s other games, but there aren’t many details about how else it might differ from other Angry Birds titles.

Angry Birds Stella will open a door to a part of the Angry Birds universe you’ve never seen before! There will be plenty of fun and adventure, but the bunch of passionate pals will also have to deal with some serious issues in order to protect their friendship and the environment they live in. Luckily, Stella and her friends are good at finding creative solutions!

No word on an official release date, but Rovio says the game will ship sometime in the fall.

Apple responds to accusations of sharing customer data with U.S. government

Apple published an open letter late Sunday night responding to recent allegations that the company had given customers’ personal information, including phone call logs, to the U.S. government as part of the National Security Agency’s secret “PRISM” program.

In the letter, Apple notes that the government had in fact issued several thousand requests for such information, but that Apple’s legal department had carefully examined each request and turned over only the smallest amount of information necessary, sometimes rejecting requests outright.

From December 1, 2012 to May 31, 2013, Apple received between 4,000 and 5,000 requests from U.S. law enforcement for customer data. Between 9,000 and 10,000 accounts or devices were specified in those requests, which came from federal, state and local authorities and included both criminal investigations and national security matters. The most common form of request comes from police investigating robberies and other crimes, searching for missing children, trying to locate a patient with Alzheimer’s disease, or hoping to prevent a suicide.

Apple has placed a link to the full letter at the bottom of their home page, or you can read the entire thing after the break. Read more

Apple announces 50 billionth app download winner, awards $10,000 App Store gift card

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Apple today has officially announced the winner of its $10,000 iTunes gift card giveaway in a press release after reaching 50 billion app downloads yesterday.

And the app that marked the 50 billionth download goes to: Say the Same Thing by Space Inch, LLC. Lucky winner Brandon Ashmore from Mentor, Ohio will be receiving a $10,000 App Store gift card for his download.

Apple’s senior vice president of Internet Software and Services Eddy Cue provided the following statement:

“Apple would like to thank our incredible customers and developers for topping 50 billion apps downloaded,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “The App Store completely transformed how people use their mobile devices and created a thriving app ecosystem that has paid out over nine billion dollars to developers. We’re absolutely floored to cross this milestone in less than five years.”

Apple’s full press release below: Read more

Avid announces Pro Tools 11 & new creative tools alongside first iOS-compatible interfaces

With NAB kicking into full gear today, Avid has announced the latest version of its industry standard digital audio workstation with the launch of Pro Tools 11 alongside its first iOS compatible portable audio interfaces and much more.

Perhaps the biggest Apple related announcement for Avid today is the launch of its first two audio interfaces with direct support for iOS devices. There are many audio interfaces for iPad and iPhone (we’ve reviewed some), but this is the first time Avid is including a USB port and direct support for iPad with its high-quality I/O and Pro Tools software… Read more

Philips launching app controlled ‘hue personal wireless lighting’ bulbs at Apple Stores tomorrow

Philips announced today that it would launch what it called “the world’s smartest LED bulb” exclusively at Apple stores starting tomorrow. The bulbs themselves work like any standard light bulb, but they use a bridge plugged into your router to allow you to personalize lighting settings and timers. This of course is not the first app-enabled product for the home to hit Apple Stores. Apple already sold the first and second-generation of the Nest Learning Thermostat.

The hue bulbs provide all “shades of white, from warm white light to cold with light,” as well as a selection of colors and pre-programmed settings. You can even use a photo from your device as a color palette and save and program settings to activate at certain times of day. Philips said the hue bulbs consume 80 percent less power than traditional bulbs.

Philips will sell a hue starter kit at Apple stores tomorrow that consists of three 50Watt hue bulbs and the hue bridge. That will sell for $199. You’ll also have the ability to purchase additional individual bulbs for $60 and add up to 50 to your existing hue bridge.

Philips is even offering the hue app and an open source platform to developers:

Read more