15 interesting points from Apple’s Q4 2015 earnings call

By Cody Lee on Oct 27, 2015

Apple announced its financial results for its fiscal fourth quarter of 2015 this afternoon, and the numbers are pretty solid. The company sold 48M iPhones and earned $51.5B in revenue, handily beating numbers from last year but falling short of Wall Street’s expectations.

We’ve just finished up the conference call, where Tim Cook and CFO Luca Maestri discussed Apple’s performance over the three-month period, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points from the call below. Read More


Apple’s Q4 2015 earnings: 48.05M iPhones, 9.88M iPads, $51.5B revenue

By Cody Lee on Oct 27, 2015

Apple on Tuesday posted its [fiscal] fourth quarter earnings for 2015, offering a look at its performance over the past 3 months. The company shattered most of its sales figures from the same year-ago quarter, but came in under Wall Street expectations in the most important category: iPhone sales.

Analysts were expecting Apple to sell 48.5 million smartphones during Q4, but it fell a bit short at 48.05 million. And although market watchers anticipated lower-than-last-year iPad numbers, the firm came in under tablet sales projections as well. Keep reading for a full breakdown of the numbers.

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Verizon raising price of grandfathered unlimited data plans by $20 in November

By Cody Lee on Oct 8, 2015

Verizon on Thursday announced that it will soon be raising the price on grandfathered unlimited data plans by $20. As noted by CNET, this will bring the monthly price tag of unlimited data to $49.99 per month, which is in addition to the standard talk and text plan, and the change is set to take place in November.

The amount of people affected by this move should be relatively small. Verizon says that less than 1% of its 100+ million subscriber base still has an unlimited plan, and those that do still have one and are currently under contract from a previous phone purchase won’t likely see the price hike until the contract expires. Read More


Apple announces iPhone Upgrade Program: get a new iPhone every year starting at $32/month

By Cody Lee on Sep 9, 2015

Alongside its new iPhone 6s and 6s Plus, Apple on Wednesday announced the iPhone Upgrade Program. It’s an in-house upgrade program, similar to the installment plans carriers offer, which allows you to get a new iPhone every year for a monthly fee. Read More


iPad Pro starts at $799, available in November

By Cody Lee on Sep 9, 2015

Apple just took the wraps off of its long rumored, 12.9-inch iPad Pr. As expected, the device is incredibly powerful and features two unique (and sold-separately) accessories: a smart keyboard cover and a pressure-sensative stylus it’s calling the Apple Pencil.

For those wondering when you’ll be able to grab one of the new iPads, and how much it’s going to cost you, Apple just announced that the tablet will be available in November, with a starting price of $799 for the entry-level model, which features 32GB of storage. Read More


Judge green-lights $415M settlement in Apple, Google anti-poaching lawsuit

By Cody Lee on Sep 3, 2015

US District Judge Lucy Koh handed down final approval late Wednesday for a settlement between Apple, Google, Adobe and Intel, and their former employees. The payout is said to be worth around $415 million, and should effectively end the long-running Silicon Valley anti-poaching suit.

For context, in 2011, employees of the aforementioned tech firms filed a class action lawsuit against the companies for anti-competitive labor practices. The suit alleged the firms conspired to avoid hiring each other’s workers in an effort to curtail salaries, costing workers $3 billion in wages. Read More


Apple Pay adds support for 18 new US banks and credit unions

By Cody Lee on Sep 2, 2015

Apple on Wednesday added 18 new banks and credit unions to the growing list of Apple Pay-supporting issuers in the United States. With these additions, Apple Pay is now compatible with more than 450 financial institutions nationwide.

Launched in October of last year, Apple Pay is a mobile payment service that allows users to pay for goods and services using their iPhone or Apple Watch. It’s accepted at hundreds of thousands of retailers and restaurants around the country. Read More


Apple teams up with PayAnywhere for new Apple Pay card reader

By Cody Lee on Aug 27, 2015

Apple on Thursday announced that it has teamed up with payment service PayAnywhere on a new mobile NFC card reader. It will attach to iOS devices, and support both traditional credit cards and those stored within Apple Pay.

The reader, which will be available exclusively in Apple Stores in September, will open the door for smaller businesses to begin supporting Apple Pay. PayAnywhere is easy to setup and there are no monthly fees to worry about. Read More


Tim Cook says iPhone activations in China growing as $AAPL stock falls below $100

By Christian Zibreg on Aug 24, 2015

Apple CEO Tim Cook made a rare move today by responding to an email from CNBC’s Jim Cramer. Cook’s letter, a copy of which was obtained by Business Insider, addresses the company’s quarter so far and basically says that everything’s fine with Apple’s business and performance in China.

Apple’s stock has been declining since the company’s June quarter earnings showed iPhone sales coming slightly below investors’ expectations. This morning, $AAPL fell below $100 amid bigger stock market woes as most indices are in the red today. Read More


Apple Pay adds support for 18 new banks and credit unions

By Cody Lee on Aug 18, 2015

Apple on Tuesday added 18 new banks and credit unions to the growing list of Apple Pay-supporting issuers in the United States. With these additions, Apple Pay is now supported by more than 400 financial institutions nationwide.

Launched in October of last year, Apple Pay is a mobile payment service that allows users to pay for goods and services using iPhone or Apple Watch. It’s accepted at hundreds of thousands of retailers and restaurants around the country. Read More


Square Cash app updated to allow you to send money via Apple Watch

By Cody Lee on Aug 18, 2015

Square updated its Square Cash mobile app today, bringing the iOS client to version 2.8. The release brings about full support for the Apple Watch, allowing users to send money to your friends, family or anyone nearby with just a few simple taps.

For those unfamiliar with Square Cash, it’s pitched as one of the easiest ways to send and receive money. It’s free for consumers and setup only takes a minute to link up a credit or debit card. Plus, all transactions are protected by 128-bit encryption. Read More


Apple buys huge development site in San Jose for $138 million

By Cody Lee on Aug 3, 2015

Apple has purchased a massive development site in North San Jose in a blockbuster real estate transaction, reports the Silicon Valley Business Journal. The move comes just weeks after the company leased nearly 300,000-square-feet of office space in the city.

According to public records, Apple closed the deal with developer Lowe Enterprises’ for its so-called “n1 Campus” last week. It paid around $138 million for a roughly 43-acre development site, which has been approved for up to 2.8 million square feet of office space. Read More


Apple’s Q3 2015 earnings: 47.5M iPhones, 10.9M iPads, $49.6B revenue

By Cody Lee on Jul 21, 2015

Apple has posted its third quarter earnings report for 2015 this afternoon, and says it has broken its own record for the three-month period. The company earned a net profit of $10.7 billion on $49.6 billion in revenue.

That money comes from strong international hardware sales, which accounted for 64% of all revenue. Overall, Apple moved 47.5 million iPhones and 10.9 million iPads during its third quarter, as well as 4.8 million Macs. Read More


Streaming music service Tidal launches pricey new family plans

By Cody Lee on Jul 8, 2015

In response to Apple Music and other competitors, Tidal on Wednesday announced new family plans for its streaming music service. The new plans will allow up to 5 users to enjoy Tidal’s Premium and HiFi service tiers at a significant discount from standalone rates.

It works like this: a standalone account for Tidal Premium costs $9.99 per month, and a HiFi account costs $19.99 per month. With family plans, users can add up to 4 additional users to their account at 50% off—$4.99/month for Premium, and $9.99/month for HiFi. Read More


How to disable auto-renewal in Apple Music to avoid charges after your free trial

By Cody Lee on Jun 30, 2015

Apple Music finally launched around the world this morning, and with it comes a lengthy 3-month free trial. But after the trial period is up, you’ll be on the hook for $10 per month, unless you turn off auto-renewal. Luckily, as with all iTunes-billed subscription services, this is quick and easy to do. Read More


Apple loses final appeal in e-books price-fixing suit, will pay $450 million fine

By Cody Lee on Jun 30, 2015

A federal appeals court on Tuesday upheld a 2013 decision finding Apple guilty for conspiring with publishers to raise e-book prices, reports The Wall Street Journal. As a result, the company is expected to pay a $450 million settlement it agreed to with private plaintiffs, 30+ states and the DOJ last year.

“We conclude that the district court correctly decided that Apple orchestrated a conspiracy among the publishers to raise e-book prices,” wrote Second Circuit Judge Debra Ann Livingston. The conspiracy “unreasonably restrained trade” in violation of the Sherman Act, the federal antitrust law, she wrote. Read More


Apple to reveal June quarter earnings on July 21

By Christian Zibreg on Jun 30, 2015

Apple is going to release earnings for its third fiscal 2015 quarter on Tuesday, July 21, according to an update published last evening on the company’s Investor Relations webpage. A conference call to discuss third fiscal quarter earnings with Wall Street investors will be taking place on Tuesday, July 21, 2015 at 2pm Pacific / 5pm Eastern Time.

A live webcast of the conference call will be available here. Read More


Apple denies claims that it’s threatening artists to force Apple Music deals

By Cody Lee on Jun 19, 2015

Apple denies claims made by some artists that it’s threatening to remove their songs from iTunes if they don’t sign up for Apple Music, reports Rolling Stone. A company spokesperson told the outlet that music “will not be taken off” as a result of license negotiations.

The controversy arose earlier this week when Anton Newcombe of psychedelic rock group Brian Jonestown Massacre took to Twitter to complain about Apple and its bullying tactics. “I said what if I say no, and they said we’ll take your music off itunes. hard ball?” Read More


Samsung asks appeals court to reconsider infringement ruling

By Cody Lee on Jun 17, 2015

Samsung on Wednesday asked the US Federal Circuit Court of Appeals to reconsider its decision to uphold a ruling that will cost it $400 million in damages for infringing on Apple’s design patents, reports San Jose Mercury News. In a recent court filing, the company asks for a rehearing with a full 12-judge roster, rather than the 3-judge panel the court used last month.

In 2012, a jury ruled that several of Samsung’s products infringed on Apple patents, and awarded the iPhone-maker $1 billion in damages. That number has been reduced down to $548 million in various post-trial proceedings, and Samsung is trying to eliminate another big chunk—some $400 million—by getting the verdicts regarding design patent infringement tossed out. Read More


AT&T fined $100 million by FCC over unlimited data throttling

By Cody Lee on Jun 17, 2015

The US Federal Communications Commission announced plans on Wednesday to fine AT&T $100 million for unsuitable throttling practices. The Commission issued a press release on its website this morning proclaiming the decision, charging the carrier with violating the ‘2010 Open Internet Transparency Rule.’

The move comes as the result of an in-depth investigation, where the FCC found that AT&T—the second largest wireless provider in the US—had not adequately informed its customers with unlimited data plans that it would be dramatically slowing down their Internet access once they crossed a particular threshold. Read More

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