press release April 23, 2014

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: expand full story

press release April 9, 2014


press release February 13, 2014

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.

press release December 16, 2013

press release June 16, 2013

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. expand full story


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