Money

Apple CEO Tim Cook to Cash In $96 Million

Sébastien Page ∙ January 5, 2012

Tim Cook is starting 2012 off right with an upcoming pay day of over $96,000,000:

Of all the Silicon Valley executives who have a vesting event scheduled for the first quarter of 2012, the one who stands to reap the most is Apple Inc. Chief Executive Tim Cook, the study found.

Mr. Cook has portions of two restricted-stock-unit grants—including one he received for filling in for Steve Jobs when the co-founder was on medical leave—vesting in the first quarter. As of Apple's closing stock price on Dec 30, those vesting shares of Mr. Cook's were worth $96.2 million, according to the study.

Apple to Announce Q1 2012 Financial Results on Tuesday, January 24

Alex Heath ∙ Updated January 24, 2016

Apple has updated its investor page with a notification that it will hold its Q1 2012 financial results on Tuesday, January 24th. The Cupertino company will announce its earnings for the first fiscal quarter of 2012, meaning that the results from the fourth calendar quarter in 2011 will be provided, including holiday sales.

Investors and enthusiasts alike can tune into Apple's live audio stream on the 24th to hear CEO Tim Cook and other execs reveal financial results and answer questions about the company. This upcoming earnings call is expected to hold record-breaking results for Apple.

Apple’s App Store is Worth More Than All of RIM

Alex Heath ∙ Updated January 24, 2016

Things aren't looking good for Research in Motion. The Blackberry makers have failed to produce a viable smartphone competitor for the market year after year, and stock has continued tanking to new lows.

With RIM's stock reaching $13.44 per share, the total company value was at $7.04 billion as of last week. The App Store is worth $7.08 billion, making the entirety of RIM worth less than only one part of Apple's business.

Apple Looking to Build Another Huge Data Center

Cody Lee ∙ Updated November 27, 2016

Apple's demand for computing power and remote server space is growing at a rapid rate thanks to new services like iCloud, iTunes Match, and Siri.

Demand is growing so fast, in fact, that it appears that its new $1 billion dollar data center in North Carolina and its recently-acquired 12 petabytes of server space aren't enough to support Apple's cloud division anymore...

War for Market Share vs. War for Profits

Sébastien Page ∙ December 1, 2011

Business Insider's Dan Frommer published an interesting article this morning titled "Why the iPhone's market share war with Android actually matters." In his piece, Frommer is spot on when he explains that gaining market share is important because this is what will build the dominant mobile platform for the next decade.

Historically, Apple never cared much about market share. Sure, it's happy when it's gaining slices of a market, but Apple is all about profitability and brand value. When Google makes $10/year from each Android user, Apple makes about $300 per iPhone sold. At this rate, it's not surprising that even though Apple may have a small share of the smartphone market, it's still owning about 50% of the entire industry's profits...

Apple Beat Retail Sales Record on Black Friday

Oliver Haslam ∙ November 28, 2011

If you needed proof that Apple is indeed recession-proof, then this may be it. Reports surfacing today suggest that Apple's sales for the Black Friday event last week may have been the company's best for a single day, ever.

With the global economy far from at its best, results such as this would certainly reinforce that Apple seems to be immune to the usual pains suffered by tech companies in a climate such as the one we are currently in.

HTC Loses Money Thanks to Struggling Economy and Competition From Apple and Samsung

Cody Lee ∙ Updated January 24, 2016

Out of all of the Android manufacturers, perhaps no other company has benefited from Google's mobile operating system more than HTC. The Taiwanese handset-maker created some of the world's first smartphones, and the company has really taken off since Android hit.

In fact, HTC has been nearly unstoppable since it launched the first Android handset back in 2008, experiencing a sales growth streak that spanned nearly two years. But in the face of stiff competition and an ailing economy, its streak has finally come to an end...

Apple Expands App Subscriptions to Games

Cody Lee ∙ November 22, 2011

Apple unveiled its App Store subscription service in February of this year to mixed reviews. Publishers appreciated the opportunity to expand into the iOS ecosystem, and its millions of users, but they hated the terms.

The company has since revised its in-app subscription policy, and the service has grown to be moderately successful. So successful, in fact, that Apple has decided to open up the service to game developers as well...

Just How Small is the Non-Apple Tablet Market?

Cody Lee ∙ November 22, 2011

To say that Apple dominates the tablet market would be an understatement. The iPad has been successful enough to not only run other companies out of the tablet-making business, but it has also been enough to make even PC manufacturers nervous.

We've seen statistics before regarding Apple's share of the tablet market, but we had no idea the numbers were this bleak for the competition. According to a recent NPD Group report, there has only been 1.2 million non-iPad tablets sold in the United States this year...

90% of the Money Spent on Mobile Apps Comes From the App Store

Oliver Haslam ∙ November 21, 2011

With the iPad coming under scrutiny as the competition begins its latest assault on Apple's tablet dominance, new figures suggest that the iPad may still be the best bet for those looking to make a living out of making tablet-based apps.

Piper Jaffray Senior Research Analyst Gene Munster has written in a research note released Monday that Apple's iPad still accounts for between 85% and 90% of the money spent on mobile applications.

The news comes as Android moves into a new era thanks to the release of Ice Cream Sandwich, the release which Google hopes will combine the tablet and smartphone software in a way similar to the iPad and iPhone. Munster's claims show that Android may still be suffering from an old issue: Android users just don't seem to buy apps as much as iOS users...

Apple Claims it Could Lose $2.7 Billion in Motorola Lawsuit

Cody Lee ∙ Updated January 24, 2016

Earlier this month, a German court awarded Motorola Mobility a temporary injunction against Apple for infringing on its intellectual property. An injunction, in this sense, can prevent a company from selling its products in the area in which it's granted.

But the decision was made against Apple Inc., which doesn't actually sell products in Germany. Motorola also filed a lawsuit against Apple Germany. And the outcome of this case could cost the company some serious financial losses...