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  • Apple Reports Record Q3 2015 Results

    Apple Reports Record Q3 2015 Results

    tim-cook-wwdc-2015

    Apple has just announced financial results for its fiscal 2015 third quarter (ended June 27, 2015). The company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion. These results compare to revenue of $37.4 billion and net profit of $7.7 billion in the year-ago quarter.

    In the Q3 2015 Apple sold:

    • iPhone: 47 million units (35 mln in Q3 2014)
    • iPad: 10.9 million units (13 mln in Q3 2014)
    • Mac: 4.7 million units (4.4 mln in Q3 2014)

    Revenue by product:

    • iPhone: $31.3 b
    • iPad: $4.5 b
    • Mac: $6 b
    • Services (iTunes, AppleCare, Apple Pay, licensing and other services): $5 b
    • Other products ( Apple TV, Apple Watch, Beats Electronics, iPod and Apple-branded and third-party accessories): 2.6 b

    Gross margin was 39.7 percent compared to 39.4 percent in the year-ago quarter. International sales accounted for 64 percent of the quarter’s revenue.

    According to Apple, “the growth was fueled by record third quarter sales of iPhone and Mac, all-time record revenue from services and the successful launch of Apple Watch.”

    “In the third quarter our year-over-year growth rate accelerated from the first half of fiscal 2015, with revenue up 33 percent and earnings per share up 45 percent,” said Luca Maestri, Apple’s CFO. “We generated very strong operating cash flow of $15 billion, and we returned over $13 billion to shareholders through our capital return program.”

    Apple’s board of directors has declared a cash dividend of $.52 per share of the Company’s common stock. The dividend is payable on August 13, 2015, to shareholders of record as of the close of business on August 10, 2015.

  • iPhone 5 Arrives Today!

    Today is the day when the long-awaited launch of iPhone 5 will take place, during the “Let’s Talk iPhone” event held in Apple’s headquarters in Cupertino, at 10:00am PDT.

    The new smartphone is expected to be presented by the new Apple's CEO Tim Cook, but it’s possible that Apple’s founder and former CEO, Steve Jobs, will make his appearance at this much-coveted event.

    Apple hopes to produce five, maybe six million units in October, and by the end of the year to reach the impressive number of 22 million.

    According to sources inside the company, cited these days by international media, the new iPhone 5 would feature a 4-inch retina display, with a resolution of 960×640 pixels, 1 GB RAM and a new A5 Dual Core processor of 1.4 GHz, 60% faster than the one used on iPhone 4. Apple’s new product is expected to have an 8-megapixel camera, capable of HD recording in 1080p.

    The new smartphone would also include the iCloud technology, which allows user to store music, movies and other files, that can be accessed remotely. In addition, the new iPhone 5 would have the possibility of being charged wirelessly.

    The same sources said that iPhone 5 will be available in only two versions, black and white, of 16 and 32 GB respectively. The pricing would start from $639, according to a screen capture that represents a mock-up post which “came to surface” on the telecom operator’s website, Cincinnati Bell.

    Interestingly, Apple representatives might launch today a cheaper version too, called iPhone 4S, which will cost only $99. This one will have a 3.5-inch display, a 5-megapixel camera and A5 Dual Core processor, according to the rumors.

    What the market expects and what Apple has to win

    Brian White, analyst at the financial intermediation company Ticonderoga, believes the demand will be so big that Apple might establish a new sales record by launching iPhone 5, after its predecessor has sold in 1.7 million units in the first three days of presence in stores. The analyst also said that he expects the new model to have a casing similar with MacBook and that Apple will need to upgrade the speed of its processor in order to face the competition with Samsung Galaxy S II.

    Apple has become in the second quarter of this year the producer with the biggest sales of smartphones worldwide. Thus, the company sold 20.34 million units in the second quarter, surpassing Nokia, which was leader in smartphones sales in the first quarter with over 24 million units.

    Even though Apple became leader, the most significant increase in units sold was recorded by Samsung, by selling 19.5 million smartphones in the second quarter. Apple has sold only with about 2 million units extra in the second quarter, while taking the leadership was also caused by the huge loss of Nokia.

    We think that after today’s launch and by enlarging the supply chain, Apple will definitely maintain its leading position. We also expect the launch of the new generation of iPhones to stimulate the sales of the previous Apple’s models by putting them on sale.

    You may also want to read:
    HTC Explorer: Smartphone For Masses
    Microsoft and Samsung Have a Deal on Windows Phone and Sharing Patents
    Apple Launches Two New Smartphones in 2011: iPhone 5 and iPhone 4S

  • Apple's Cook Strong Stand-in During Steve Jobs' Absence

    Apple COO Tim Cook is take over the company’s day-to-day running after it was announced that Steve Jobs is to take a six month medical leave of absence.

    Having previously stepped into the CEO post when Jobs was treated for pancreatic cancer, there is no doubt about his leadership abilities.

    A veteran employee of large companies in the technology industry, he has an MBA from Duke University and a Bachelor of Science degree in Industrial Engineering from Auburn University.

    Tim Cook, Apple’s COO

    He started his career at IBM – where he went on to head its manufacturing and distribution functions.

    This was followed by a stint as vice president of Corporate Materials for Compaq before he took up his position at Apple in March 1998 as the Chief Operating Officer.

    This has seen him take responsibility for the company’s worldwide sales and operations.

    So, a more than capable stand-in which should ensure Jobs will be able to concentrate on regaining his health without having to worry about Apple’s.

    The following is the email Job’s sent to all Apple employees:

    Team,

    I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

    In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

    I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

    I look forward to seeing all of you this summer.

    Steve