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Updated: 41 min 54 sec ago

Apple Reports Record First Quarter Results

9 hours 4 min ago
Apple has announced financial results for its fiscal 2015 first quarter ended December 27, 2014. The company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share. These results compare to revenue of $57.6 billion and net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent compared to 37.9 percent in the year-ago quarter. International sales accounted for 65 percent of the quarter’s revenue. The results were fueled by all-time record revenue from iPhone and Mac sales as well as record performance of the App Store. iPhone unit sales of 74.5 million also set a new record. “We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high,” said Tim Cook, Apple’s CEO. “Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal.”

App Store Rings in 2015 with New Records

Fri, 2015-01-09 05:06
The first week of January set a new record for billings from the App Store. Apple customers worldwide spent nearly half a billion dollars on apps and in-app purchases, and New Year’s Day 2015 marked the single biggest day ever in App Store sales history. These milestones follow a breakthrough 2014, in which billings rose 50 percent and apps generated over $10 billion in revenue for developers. “This year is off to a tremendous start after a record-breaking year for the App Store and our developer community,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “We’re so proud of the creativity and innovation developers bring to the apps they create for iOS users and that the developer community has now earned over $25 billion.”

Developers Start Designing Apps for Apple Watch

Wed, 2014-11-19 07:06
Apple has announced the availability of WatchKit, software that gives developers a set of tools to easily create experiences designed specifically for Apple Watch. Developers can now begin developing WatchKit apps before the watch becomes available. “Apple Watch is our most personal device ever, and WatchKit provides the incredible iOS developer community with the tools they need to create exciting new experiences right on your wrist,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “With the iOS 8.2 beta SDK, developers can now start using WatchKit to create breakthrough new apps, Glances, and actionable notifications designed for the innovative Apple Watch interface and work with new technologies such as Force Touch, Digital Crown, and Taptic Engine.”

Apple Reports Fourth-Quarter Results

Tue, 2014-10-21 06:22
Apple has announced financial results for its fiscal 2014 fourth quarter ended September 27, 2014. The company posted quarterly revenue of $42.1 billion and quarterly net profit of $8.5 billion, or $1.42 per diluted share. These results compare to revenue of $37.5 billion and net profit of $7.5 billion, or $1.18 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 37 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue. Apple’s board of directors has declared a cash dividend of $.47 per share of the company’s common stock. The dividend is payable on November 13, 2014, to shareholders of record as of the close of business on November 10, 2014. “Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus,” said Tim Cook, Apple’s CEO. “With amazing innovations in our new iPhones, iPads, and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”

Apple Introduces iPad Air 2 and iPad mini 3

Fri, 2014-10-17 06:04
Apple has introduced iPad Air 2, the thinnest and most powerful iPad ever. The new iPad features an improved Retina display for enhanced contrast and richer, more vibrant colors, and better cameras for taking stunning photos and videos. Available in gold, silver, and space gray, iPad Air 2 and the new iPad mini 3 offer Touch ID and — in the U.S. — Apple Pay. “iPad is a magical piece of glass that runs more than 675,000 apps specifically designed for it, and is thin and light enough that you can comfortably hold it all day; the new iPad Air 2 is packed with amazing new innovations, weighs less than a pound, and at just 6.1 mm is the thinnest tablet in the world,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “iPad Air 2 has a new Retina display with anti-reflective coating, second generation 64-bit A8X chip, all-new iSight and FaceTime HD cameras, faster Wi-Fi and LTE wireless, and includes the revolutionary Touch ID fingerprint identity sensor.”

Apple Pay Set to Transform Mobile Payments Starting October 20

Fri, 2014-10-17 05:59
Apple has announced that customers can start making payments with the touch of a finger on October 20, when Apple Pay becomes available in the U.S. Apple Pay offers an easy, secure, and private way to pay using Touch ID on iPhone 6 and iPhone 6 Plus in stores and within apps. Users of the just-announced iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8. “Our team has worked incredibly hard to make Apple Pay private and secure, with the simplicity of a single touch of your finger,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “The reaction to Apple Pay has been amazing. We continue to add more Apple Pay-ready banks, credit card companies, and merchants, and think our users will love paying with Apple Pay.”

OS X Yosemite Now Available as a Free Upgrade

Fri, 2014-10-17 05:59
Apple has announced that OS X Yosemite, the latest major release of the world’s most advanced desktop operating system, is now available as a free upgrade for Mac users from the Mac App Store. Yosemite delivers a fresh, modern look and introduces Continuity features that make it easy to hand off activities between Mac and iOS devices and even make and receive iPhone calls from your Mac. Yosemite also includes a new Today view, a redesigned Spotlight, and updated versions of Safari, Mail, Messages, and iTunes. “OS X Yosemite is the most advanced version of OS X we’ve ever built, with a brand new design, amazing Continuity features, and powerful versions of the apps you use every day,” said Craig Federighi, Apple’s senior vice president of Software Engineering. “OS X Yosemite ushers in the future of computing, where your Apple devices all work together seamlessly and magically. It’s something only Apple can do, and it’s available today.”

Apple Introduces 27-inch iMac with Retina 5K Display

Fri, 2014-10-17 05:47
Apple has unveiled the 27-inch iMac with Retina 5K display, featuring the world’s highest-resolution display — with 14.7 million pixels. At this resolution, text appears sharper than ever, videos are more lifelike, and you can see new levels of detail in photos. “Thirty years after the first Mac changed the world, the new iMac with Retina 5K display running OS X Yosemite is the most insanely great Mac we have ever made,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “With a breathtaking 14.7-million-pixel display, faster CPU and graphics, Fusion Drive, and Thunderbolt 2, it’s the most beautiful and powerful iMac ever.”

Apple Updates Mac mini

Fri, 2014-10-17 05:46
Apple has updated Mac mini with the latest technologies and a new lower starting price, making Apple’s most affordable Mac an even better value. Mac mini now features fourth-generation Intel Core processors, faster integrated graphics, 802.11ac Wi-Fi, and Thunderbolt 2. “People love Mac mini. It’s a great first Mac or addition to your home network, and the new Mac mini is a nice upgrade packed into an incredibly compact design,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “With the latest CPU and graphics, faster Wi-Fi, two Thunderbolt 2 ports, OS X Yosemite, and starting at just $499, the new Mac mini is the best value ever.”