Samsung’s troubles prove Apple knows exactly what it’s doing with its iPhone business

By Christian Zibreg on Jul 31, 2014

Samsung’s co-CEO and mobile chief J.K. Shin is in the hot seat as the company posts its third straight quarter of operating-profit declines.

It’s fascinating to watch how quickly things are turning for the conglomerate responsible for nearly one-fifth of South Korea’s Gross domestic product.

Operating profits were down sharply, decreasing a whopping 25 percent year over year. More importantly, Samsung’s favorite business metric – the market share – is under pressure, too: its worldwide share of smartphones slipped to 25 percent in the second quarter from 32 percent a year earlier.

This is bad news considering that 76 percent of the firm’s profit comes from smartphones. What gives? Read More

 

iTunes software and services fastest growing part of Apple’s business this year

By Cody Lee on Jul 22, 2014

During Apple’s Q3 earnings call this afternoon, Tim Cook praised the success of its iTunes software and services arm. The CEO said the division was the fastest-growing of the company’s business in the first 9 months of its fiscal year 2014.

The segment generated $4.5 billion in revenue during the 3-month period, an increase of 12% YoY (or year over year). And Cook attributed the growth to a number of factors, including growing interest in China and strong App Store numbers… Read More

 

Apple has acquired 5 companies since April, 29 in past nine months

By Cody Lee on Jul 22, 2014

One of the more interesting tidbits from today’s earnings call was a revelation about Apple’s recent acquisitions. Tim Cook said the company has purchased 5 companies since the end of the March quarter, and a total of 29 companies during the past 9 months.

Apparently these numbers do not include the Beats Electronics deal—Apple’s largest acquisition to date—because it has not completely finalized yet, and isn’t expected to until later this quarter. So who are the other companies? These are the ones we know about… Read More

 

$165 billion cash pile and other interesting bits from today’s earnings call

By Cody Lee on Jul 22, 2014

Apple announced its financial results for Q3 2014 this afternoon, and for the most part it met the Street’s expectations. The company sold 35.2 million iPhones and pulled in $37.4 billion in revenue during the three month period, and iPad sales fell short at just 13.2 million.

We’re just finishing up the conference call, where Tim Cook, CFO Luca Maestri and other members of the executive team have discussed Apple’s performance, and offered some insight into its future. As usual, we’ve rounded up the to 15 most interesting points for you below… Read More

 

Apple Q3 2014 earnings: 35.2M iPhones, 13.2M iPads, $37.4B revenue

By Cody Lee on Jul 22, 2014

As expected, Apple is out with its financial report for Q3 2014 this afternoon. In a press release issued just a few moments ago, the company announced that it sold 35.2 million iPhones, 13.2 million iPads, and pulled in $37.4 billion in revenue during the three month period.

Apple beat its own guidance, and met projections on just about everything but iPad numbers. It would seem that the problems continue with the popular tablet line, as sales came in more than 1 million units less than expected. We have a full breakdown of the numbers below…
Read More

 

Samsung blames sluggish tablet sales, increased competition for Q2 earnings miss

By Cody Lee on Jul 8, 2014

Samsung today issued its earnings guidance for the second quarter of 2014, and in somewhat of an odd move, it attached a note to the document explaining why it will fall short of estimates. The company expects to see its profits drop for the third consecutive quarter.

The note details a number of factors, including the improving strength of the Korean won making exports more expensive, and exceedingly sluggish tablet sales. It also explains that it is running into greater competition in China from low-end device makers like Xiaomi… Read More

 

Samsung profits fall in Q1 on slowing high-end smartphone sales

By Cody Lee on Apr 29, 2014

Samsung said profit fell for a second straight quarter as sales in its smartphone division continued to dip. The South Korean electronics giant announced its earnings for Q1 2014 this morning, and its operating profits for the period fell 3.3% from the year-ago-quarter.

Investors are particularly concerned with the growing trend of slumping handset sales—Samsung’s mobile division is also down 1.2% year-over-year. The just-released Galaxy S5 is expected to give its Q2 numbers a boost, but the future beyond that is less than certain… Read More

 

Apple announces 20 million Apple TVs sold to date

By Cody Lee on Apr 23, 2014

During Apple’s earnings call earlier this afternoon, CEO Tim Cook announced that the company crossed the 20 million sold mark for the Apple TV during the last quarter. The mention is noteworthy as Apple doesn’t typically breakout numbers for the set-top box (though it has on occasion).

The move falls in line with Cook’s previous sentiments regarding the Apple TV—at a shareholders meeting in February Cook said ‘it’s a little more difficult to call the Apple TV a hobby these days,’ and comes amid rumors that the company is preparing to launch a new version of the device… Read More

 

15 interesting points from today’s earnings call

By Cody Lee on Apr 23, 2014

Apple announced its financial results for Q2 2014 this afternoon, and for the most part it beat the Street’s expectations. The company sold 43.7 million iPhones and pulled in $45.6 billion in revenue during the three month period, although it did miss slightly on iPad sales at just 16.3 million.

We’re just finishing up the conference call, where Tim Cook, CFO Peter Oppenheimer and other members of the executive team have discussed Apple’s performance, touted some user stats, and offered insight into the future. And as usual, we’ve rounded up the 15 most interesting points for you… Read More

 

Apple Q2 2014 earnings: 43.7M iPhones, 16.3M iPads, $45.6B revenue

By Cody Lee on Apr 23, 2014

As expected, Apple is out with its financial report for Q2 2014 this afternoon. In a press release issued just a few moments ago, Apple announced that it sold 43.7 million iPhones, 16.3 million iPads, and pulled in $45.6 billion in revenue during its fiscal Q2.

Other than iPad sales, Apple beat the Street estimates by a wide margin. The Cupertino company also announced an accelerated strategy for its stock buyback plans, adding an additional $30 billion to the pot (for a total of $90 billion), as well as a 7-1 stock split…

Read More

 

Apple reports earnings Wednesday: Here’s what analysts expect

By Jake Smith on Apr 21, 2014

Apple reports its quarterly earnings on Wednesday for the January to March quarter – a typically slow time for technology companies following the Christmas quarter crunch.

On its last earnings call in January, Apple told investors to expect revenue between $42 billion and $44 billion, gross margin between 37 percent and 38 percent, operating expenses between $4.3 billion and $4.4 billion, other income/(expense) of $200 million, and a tax rate of 26.2 percent. Really, no better than the company did last year.

Analysts have been checking with industry sources, looking at retail logs, and number crunching to predict what Apple will announce on Wednesday. Whether the company misses or beats the expectations could have a big impact on the stock price, which is up roughly 36 percent year-over-year. Last quarter, the stock tanked in after hours following a bad guidance for the numbers that are set to be report on Wednesday. Here’s what analysts are expecting:  Read More

 

Apple to webcast March quarter earnings

By Christian Zibreg on Apr 21, 2014

Apple is scheduled to release its second fiscal quarter earnings Wednesday, April 23. Like it always does, the iPhone maker is going to provide a free live audio stream of the conference call with analysts and investors through its website.

The firm has issued a media release confirming that the conference call will be available as a QuickTime webcast on the iPhone, iPod touch and iPad devices running iOS 4.2 or above, Macs running OS X 10.5 or above and Windows PCs running QuickTime 7 or later.

The live webcast will begin at 2pm PDT on Wednesday, April 23, 2014 at this linkRead More

 

Apple to announce second quarter earnings on April 23

By Cody Lee on Apr 1, 2014

Folks wondering how Apple did during its quiet second quarter will have their answer in just a few short weeks. The Cupertino company has updated its Investor Relations page to note that it will be releasing its financial results for Q2 2014 on April 23rd.

There were no new products announced during the 3-month period, but Apple did make some changes to its device lineup. In March, the company launched a new 8GB version of its iPhone 5c in certain countries, and reintroduced its 4th generation iPad… Read More

 

Strong demand for Apple products boosts Foxconn and Pegatron’s earnings

By Christian Zibreg on Mar 28, 2014

Demand for Apple’s latest products is as strong as ever, it would seem. After reporting sales of 51 million iPhones and 26 million iPads during the lucrative holiday quarter, as a result Apple’s key contract manufacturers – Foxconn and Pegatron – are seeing a nice rise in their earnings, too.

Pegatron, the primary manufacturer of the iPhone 5c and iPad mini, last week reported a cool 22 percent annual rise in earnings attributed to strong demand for mobile products. Apple is responsible for as much as 40 percent of Pegatron’s business so the manufacturer’s fortunes are closely tied to the iPhone maker’s.

As for Foxconn, they reported a 13 percent rise in net profit today. Foxconn is the world’s top contract manufacturer and Apple’s lead supplier… Read More

 
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