Tim Cook talks new product categories, downplays chances of larger iPhone

By Cody Lee on Apr 23, 2013

Apple’s Q2 earnings conference call just ended, and by most counts it went rather well. The company beat Wall Street estimates for iPhone and iPad sales, and revenue, and announced a huge initiative to return $100 billion back to investors by 2015.

So why has Apple’s stock fallen from its huge after-hours spike back down to where it started? Well, it might have something to do with Tim Cook’s comments on Apple’s product pipeline. The CEO indicated that we won’t see any new stuff until the fall… Read More

 

15 interesting points from today’s earnings call

By Cody Lee on Apr 23, 2013

Apple just announced its earnings for its first quarter of 2013, second fiscal quarter, and despite all of the lead-in ‘doom’ talk, the numbers are actually very impressive. The company beat Wall Street projections in nearly every metric.

We’re just finishing up the conference call, where Tim Cook and company have made several announcements and dropped a number of impressive statistics. And as usual, we’ve rounded up the 15 most interesting points for you… Read More

 

Apple Q2 2013 earnings: 37.4M iPhones, 19.5M iPads, $43.6B revenue

By Cody Lee on Apr 23, 2013

The news headlines for Apple have been getting progressively worse over the past few months, as rumors continue to swell of falling iPhone and iPad demand, and the company’s stock dipping below $400 for the first time since 2011.

But it looks like they might be able to change the conversation. Q2 numbers are out, and Apple beat Wall Street projections in nearly every category, selling 37.4 million iPhones, 19.5 million iPads and producing $43.6 billion in revenue… Read More

 

Apple to announce Q2 2013 earnings on April 23

By Cody Lee on Apr 1, 2013

It looks like folks wondering how Apple did financially last quarter will find out in just a few short weeks. The Cupertino company announced this afternoon that it will be releasing its financial results for Q2 2013 on April 23.

Apple’s earnings reports are typically a major affair in the tech world, and this one is particularly important. The iPad-maker’s stock is at its 52 week low, and it needs to post some big numbers to change the conversation… Read More

 

Tim Cook addresses rumors on part order cuts and bigger/cheaper iPhones

By Cody Lee on Jan 23, 2013

Towards the end of Apple’s earnings call earlier today, Tim Cook and CFO Peter Oppenheimer fielded a number of questions from analysts. And of course, many of them took the opportunity to question the two on the validity of recent rumors.

The Wall Street Journal’s ‘Apple cutting iPhone 5 part orders’ story, the recent 4.8-inch iPhone meme, and the ongoing budget iPhone rumor were all brought up during the Q&A session. And Tim Cook (sort of) addressed each one… Read More

 

Apple sold record 2 million Apple TVs last quarter

By Cody Lee on Jan 23, 2013

Among some of the more interesting tidbits from Apple’s earnings call today was Tim Cook’s mention of Apple TV sales. The device has long been called a hobby by Cook and other Apple executives, but it doesn’t act like one.

The Cupertino company sold over 2 million Apple TVs during last quarter, a record high for the company. That’s a 60% growth over last year’s first fiscal quarter, which is bigger than that of both the iPhone and the iPad… Read More

 

15 interesting points from today’s earnings call

By Cody Lee on Jan 23, 2013

Apple announced its highly anticipated earnings for the fourth quarter of 2012, the first fiscal quarter of 2013, this afternoon. And although they were record-breaking, they missed Wall Street projections. But we’ll save the ‘doomed’ talk for another time.

Right now, we’re just getting finished with Apple’s earnings conference call. And as usual, Tim Cook and company made a few fascinating revelations and dropped a number of statistics. We have the 15 most interesting points for you after the break… Read More

 

Apple Q1 2013 earnings report: 47.8M iPhones, 22.9M iPads, $54.5B revenue

By Cody Lee on Jan 23, 2013

Here it is folks. After all of the rumors of slipping iPhone and iPad demand, which sent the company’s stock tumbling, and the many ‘doomed’ headlines, Apple’s Q1 2013 quarterly earnings report is finally here. So how’d they do?

Given the significance of these numbers, we’ll just get right down to it. During the holiday quarter, Apple sold 47.8 million iPhones, 22.9 million iPads and produced 54.5 billion in revenue. We’ll have more figures after the break… Read More

 

Verizon numbers suggest Apple sold over 50M iPhones last quarter

By Cody Lee on Jan 22, 2013

Apple is set to announce its iPhone sales and other figures from the holiday quarter tomorrow, in what many are calling its most important earnings report of the last decade. Recently, rumors of slipping iPhone and iPad demand have driven the company’s stock down to $500. And this is its chance to start turning things around.

The focal point will be on iPhone numbers, since the handsets account for half of Apple’s business. And it needs to have sold in upwards of 50 million of them to avoid disappointing the Street. Well according to analyst Brian White, they hit that mark and then some… Read More

 

Analyst says Apple sold 52 million iPhones last quarter

By Cody Lee on Jan 16, 2013

Apple’s quarterly earnings call is coming up next Wednesday, where the company will reveal its iPhone sales and other figures from the holiday quarter. And given its recent stock drop due to iPhone demand concerns, all of Wall Street will be watching.

Essentially, if the Cupertino company wants to stop the bleeding, it needs to report big numbers for last quarter. And according to KGI Securities’ well-connected analyst Ming-Chi Kuo, it will. He thinks Apple sold 52 million iPhones and 23 million iPads… Read More

 

Apple to announce Q1 earnings for 2013 on January 23

By Cody Lee on Jan 2, 2013

With all of the talk of Apple losing its dominance, and its stock price taking a $200 bath towards the end of last year, the Cupertino company needed a big holiday quarter to quiet its critics. Outside figures look good, but we won’t know for sure until Apple says something.

Fortunately, we won’t have to wait much longer for it to break the silence. The iPad-maker has updated its Investor Relations page this afternoon to note that it will announce its earnings for the first fiscal quarter of 2013 (4th calendar of 2012) on Wednesday, January 23… Read More

 

Cook on iPad mini canibalization, Microsoft’s Surface and Apple’s position on tweener tablets

By Christian Zibreg on Oct 26, 2012

Apple CEO Tim Cook during yesterday’s conference call with Wall Street analysts briefly touched on Microsoft’s Surface tablet, which hit store shelves today, canibalization of its own products by the iPad mini and more. He also addressed his predecessor’s public dissing of smaller tablets two years ago, insisting that Apple’s position on the matter remains unchanged and stressing that the iPad mini, which has a 7.9-inch display, is “in a whole different league” than other seven inchers. Apple in fact, he said, “would never make” a seven-inch iPad… Read More

 

Some hobby: Apple sold 1.3M Apple TVs last quarter

By Cody Lee on Oct 26, 2012

While going over its sales figures for the quarter yesterday, Apple once again neglected to mention the Apple TV. In fact, it wasn’t even until an analyst asked a question about it, that Tim Cook spoke of the product.

This should kind of give you an idea of how Apple views the $99 set top box. It’s obviously not near as important as say the iPhone or, any of its other iOS devices. But that doesn’t mean that it’s not selling well… Read More

 

Tim Cook and Peter Oppenheimer defend iPad mini pricing

By Cody Lee on Oct 26, 2012

You had to know this was coming: during the Q&A portion of Apple’s conference call yesterday, analysts grilled Tim Cook and CFO Peter Oppenheimer about the higher-than-expected pricing on the iPad mini.

As you would expect, the two defended the tablet’s $329 price tag, stating that they didn’t want to build a small, cheap tablet. “iPad mini is a fantastic product; it’s not a compromise like the other 7-inch tablets.” Read More

 

15 interesting points from today’s earnings call

By Cody Lee on Oct 25, 2012

Apple just announced its financial results for Q4 2012, and is now finishing up its earnings call. As promised, we’ve put together a list of some of the more interesting bits from the call to pass on to you.

Among that list, is the fact that Apple added $4 billion to its growing cash pile last quarter, bringing its cash total to more than $121 billion. It also sold a stout 44 million iOS devices during that time… Read More

 

Apple’s Q4 earnings report: 26.9M iPhones and 14M iPads sold, $36B in revenue

By Cody Lee on Oct 25, 2012

As promised, Apple has released its quarterly earnings report this afternoon. This is the company’s third calendar quarter for 2012, and fourth fiscal quarter, and is the last one before the big holiday season.

For the period, Apple has reported $36 billion in revenue and $8.2 billion in net profit by selling 26.9 million iPhones, 14 million iPads, 4.9 million Macs, and 5.3 million iPods. More details after the break… Read More

 

Mark Zuckerberg squashes Facebook phone rumors

By Cody Lee on Jul 26, 2012

Rumors that Facebook has been working on its own smartphone have been around for more than a year now. Last fall, a report came out that the social network had tapped HTC to help it build the handset.

Since then, the speculation has only gotten louder. Yesterday, Bloomberg even threw its hat into the ring. But this afternoon, Facebook founder and CEO Mark Zuckerberg decided to squash the chatter… Read More

 

Sprint activates 1.5M iPhones in the second quarter

By Christian Zibreg on Jul 26, 2012

U.S. carrier Sprint, the nation’s third-largest, announced its June quarter earnings today. The company reported no change in iPhone activations which remain steady at 1.5 million units, the same as in the March quarter. In this quarter, 40 percent of iPhones went to new customers versus 44 percent for the quarter-ago period. However, the company’s loss dropped from $863 million in Q1 2012 down to an operating loss of $629 million this quarter ($1.38 billion net loss), which was again partially blamed on high iPhone subsidy… Read More

 

Apple blames the rumor mill for iPhone sales miss

By Cody Lee on Jul 24, 2012

Despite the fact that iPhone sales were up year-over-year last quarter, the numbers failed to impress Wall Street. Apple missed analysts’ projections by about 3 million handsets.

The company’s Chief Financial Officer Peter Oppenheimer cited a number of reasons for the miss on today’s earnings call. Among them, was persistent next-gen iPhone rumors… Read More

 

Despite growing sales, Apple says TV is still a “hobby”

By Cody Lee on Jul 24, 2012

Earlier this afternoon, Apple hosted a conference call to discuss its performance over the past three months. You can replay the call here, or you can check out our roundup of the most interesting points.

Among those points, was the fact that Apple sold an impressive 1.3 million Apple TVs last quarter. That’s up more than 170% year-over-year, and pushes current-year Apple TV sales to over 4 million… Read More

 
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