Live blog: Apple’s Q2 2014 earnings call

As we previously shared last month, Apple is scheduled to hold its quarterly conference call to discuss its earnings report from the second quarter of its fiscal year: this includes 43 million iPhones, 16 million iPads, and 4 million Macs. As the company reported, it earned $45.6 billion in revenue during Q2. Apple has already made news as it announced the first split of its stock since February 2005.

In terms of product announcements during that timeframe, Apple was relatively quiet; it expanded iTunes Radio to Australia and added NPR support, rebranded iOS in the Car as CarPlay with compatible cars arriving later this year, introduced a cheaper 8GB iPhone 5c in several non-US markets, replaced the iPad 2 with the iPad 4 at the same price point, and announced its worldwide developer conference scheduled for June 2. Apple is currently positioned to save new products for the latter half of the year as it did in 2013.

Investors and analysts are sure to raise this point during the call, and we’ll be listening and bringing you coverage starting at 5pm EST/ 2pm PST. Read more

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

IDC: iPad market share at 68%, lead growing into holidays

IDC has just released their second quarter results for tablet and eReader shipments as well as an updated forecast for the remainder of 2011. While Apple continued to dominate with 68.3% of the global market during Q2, IDC expects Apple’s share to fall as vendors bring competitive Android devices to market later this year and early next.

The study reports second quarter tablet shipments worldwide increased 88.9% (303.8% year over year) citing robust demand for the iPad 2 and sales of 9.3 million units, leading the firm to raise its estimates for the remainder of 2011 from 53.5 million units to 62.5 million.

From the report:

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Apple begins testing TSMC A6 processor with 28-nanometer process, coming Q2 next year

Taiwan Economic News is reporting that local Taiwan Semiconductor Manufacturing Co., Ltd (TSMC), the company slated to supply Apple with the A6 processor after a shift from Samsung, has begun trials of the new chip made with the company’s “newest 28-nanometer process and 3D stacking technologies”. However, dont expect to see the A6 in a new iteration of the iPad anytime soon, as the report suggests the processor wont be officially unveiled until Q2 of next year, at the earliest.

Included in the report:

TSMC has applied its newest 28-nanometer process and 3D stacking technologies to produce the next-generation processor A6, which is based on the ARM architecture and will undergo TSMC’s cutting-edge silicon interposer and bump on trace (BOT) methodologies. Industry insiders said that the manufacturing will help to pump considerable momentum into TSMC’s business growth starting next year, though the company has yet to comment on the deal for the moment.

This contradicts an earlier report thru Reuters which stated that test production had already begun in July.  Both reports agreed that the final A6 processors would be complete and ready for iPad 3 in early 2012.  EETimes had reported the move back in March which was said to involve Apple’s current A5 chip but that never materialized.

An Apple switch to TSMC would obviously be a huge blow to ‘frenemy’ Samsung who currently makes the iPad CPU, DRAM and supplies Flash storage as well.

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