2013 Stories October 7, 2013
2013 Stories September 27, 2013
2013 Stories July 23, 2013
As planned, Apple today announced its earnings results for the Q3 2013 quarter.
CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today announced financial results for its fiscal 2013 third quarter ended June 29, 2013. The Company posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. These results compare to revenue of $35 billion and net profit of $8.8 billion, or $9.32 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent compared to 42.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter’s revenue.
The Company sold 31.2 million iPhones, a record for the June quarter, compared to 26 million in the year-ago quarter. Apple also sold 14.6 million iPads during the quarter, compared to 17 million in the year-ago quarter. The Company sold 3.8 million Macs, compared to 4 million in the year-ago quarter.
Apple’s Board of Directors has declared a cash dividend of $3.05 per share of the Company’s common stock. The dividend is payable on August 15, 2013, to shareholders of record as of the close of business on August 12, 2013.
Apple reported revenues for Q3 of $35.3 billion, which is within Apple’s estimates for the quarter of between $33.5 billion and $35.5 billion. This compares to $35 billion in revenues in the year-ago Q3.
Apple also reported net profit of $6.9 billion. This compares to $8.8 billion in profit during the year-ago Q3 quarter.
In terms of product sales, Apple reports that it sold 31.2 million iPhones, 14.6 million iPads, 3.8 million Macs, and 4.57 million iPods. This compares to the 2012 Q3 quarter in which Apple sold: 26 million iPhones, 17 million iPads, and 4 million Macs, and 6.8 million iPods.
Apple CEO Tim Cook on the results:
“We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services,” said Tim Cook, Apple’s CEO. “We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014.”
Apple CFO Peter Oppenheimer on the results:
“We generated $7.8 billion in cash flow from operations during the quarter and are pleased to have returned $18.8 billion in cash to shareholders through dividends and share repurchases,” said Peter Oppenheimer, Apple’s CFO.
Apple’s guidance for next quarter (Q3 2013) is revenue between $34 billion and $37 billion.
At 2 PM Pacific time, Apple will hold a broadcasted earnings call. We will conduct a live blog of the call with interesting notes in a separate post. Full press release below:
2013 Stories July 22, 2013
Analyst Ming-Chi-Kuo, who has a fairly strong track record in predicting future Apple products (timing not withstanding), has issued a new report with claims for some of Apple’s new products for the rest of 2013. The following is a breakdown of Kuo’s claims by product:
2013 Stories June 24, 2013
In its extensive review of the new 2013 MacBook Air, AnandTech notes an issue with the machine’s new 802.11ac WiFi capabilities that it says is limiting the faster Wi-Fi chip’s potential. While it was able to get an average of 533Mbps using the iPerf networking tool, Anand found real world file transfers would only get 21.2MB/s or 169.6Mbps:
I disabled all other wireless in my office. Still, no difference. I switched ethernet cables, I tried different Macs, I tried copying from a PC, I even tried copying smaller files – none of these changes did anything. At most, I only saw 21.2MB/s over 802.11ac. I double checked my iPerf data. 533Mbps. Something weird was going on. I plugged in Apple’s Thunderbolt Gigabit Ethernet adaptor and saw 906Mbps, clearly the source and the MacBook Air were both capable of high speed transfers. What I tried next gave me some insight into what was going on. I setup web and FTP servers on the MacBook Air and transferred files that way. I didn’t get 533Mbps, but I broke 300Mbps. For some reason, copying over AFP or SMB shares was limited to much lower performance. This was a protocol issue.
According to the review, the problem is likely with the OS X networking stack that is for some reason artificially limiting the capabilities of 802.11ac: expand full story
2013 Stories June 19, 2013