Apple Reports Quarterly Earnings

Apple today announced its quarterly earnings.   The conference call officially begins at 5:00 EST/2:00 PST.  Listen live here.  We will bring you updated news as time progresses.  The company had a record breaking quarter.

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Quarter 1 accounts for the holiday season, the most important quarter of the year.  Apple also reached a multi year deal with China Mobile in late 2013.

Apple’s Quarterly Earnings

iPhone and iPad Sales Drive Record Revenue and Operating Profit

CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today announced financial results for its fiscal 2014 first quarter ended December 28, 2013. The Company posted record quarterly revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share. These results compare to revenue of $54.5 billion and net profit of $13.1 billion, or $13.81 per diluted share, in the year-ago quarter. Gross margin was 37.9 percent compared to 38.6 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

“We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better.”

The Company sold 51 million iPhones, an all-time quarterly record, compared to 47.8 million in the year-ago quarter. Apple also sold 26 million iPads during the quarter, also an all-time quarterly record, compared to 22.9 million in the year-ago quarter. The Company sold 4.8 million Macs, compared to 4.1 million in the year-ago quarter.

Apple’s Board of Directors has declared a cash dividend of $3.05 per share of the Company’s common stock. The dividend is payable on February 13, 2014, to shareholders of record as of the close of business on February 10, 2014.

“We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services,” said Tim Cook, Apple’s CEO. “We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better.”

“We generated $22.7 billion in cash flow from operations and returned an additional $7.7 billion in cash to shareholders through dividends and share repurchases during the December quarter, bringing cumulative payments under our capital return program to over $43 billion,” said Peter Oppenheimer, Apple’s CFO.

Apple is providing the following guidance for its fiscal 2014 second quarter:

• 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

• tax rate of 26.2 percent

Apple will provide live streaming of its Q1 2014 financial results conference call beginning at 2:00 p.m. PST on January 27, 2014 at www.apple.com/quicktime/qtv/earningsq114. This webcast will also be available for replay for approximately two weeks thereafter.

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Briefly: iPhone Sales may have topped 60 Million in Holiday Quarter

Rumors hint that Apple sold over 60 Million iPhones in the holiday quarter of 2013.  This would be a record breaker for Apple and does not include any iPhones sold with China Mobile, which Apple partnered with in late December.  This could be almost 16% increase over the 2012 holiday quarter.

Apple is expected to announce its quarterly earnings next week.  AppleRumors.NET will bring you up-to-date information then. 20130919-111358.jpg

China Mobile iPhones go on Sale

Apple on Friday began selling iPhones on China Mobile, the world’s largest mobile carrier. China Mobile boasts an incredible 700 Million+ users, more than Verizon, AT&T, T-Mobile, and Sprit combined.

Apple CEO Tim Cook was present at an Apple Store to offer signed iPhones. Days prior, both Cook and a China Mobile Executive showed their enthusiasm about the upcoming deal. The deal is expected to generate approximately 17 Million new users for Apple.

I’m personally really excited about this deal. There’s a ton of potential for Apple.

Apple: Year in Review

Here at AppleRumors.NET, we’re remembering the amazing year of 2013.  Apple certainly had an incredible year and to do so, rather than write a full fledged article, we’ve prepared a timeline photo to visualize what Apple’s been up to.

AppleYearIn Review

© 2013-2014 AppleRumors.NET

The year started with the introduction of the iPad (4) with 128 GB, then iTunes U hit 1 Billion downloads, WWDC 2013 sold out in less than two minutes (71 seconds), iTunes has 25 Millions songs and turned 10 this year, the App Store hit 50 Billion downloads, and WWDC 2013 began on June 10.  At WWDC, the new Mac Pro, iTunes Radio was unveiled along with OS X Mavericks and the radical iOS 7.  The MacBook Airs as well as new Airport Extremes and time Capsules were also released.  Apple updated Logic pro to Logic Pro X, a major upgrade, in July and new iMacs launched in late September.  September was also the month of the iPhone: the iPhone 5s with Touch ID and iPhone 5c.  In October, the new iPads were released (iPad Air and iPad Mini with Retina Display) along with new MacBook Pros (Retina); Apple also updated it’s iWork and iLife Suites (also, it included iWork for iCloud).  In December, Apple pushed iBeacons an signed a major deal with China Mobile, the world’s largest carrier.

That’s not all…see the picture for a full description.  Happy New Year!  We can’t wait for 2014!

Breaking: Apple Signs Deal with China Mobile

Apple late yesterday signed a deal with China Mobile, the world’s largest cell phone carrier. The deal has been rumored for months.  The carrier has about 760 million customers – more than AT&T, Verizon, Sprint, and T-Mobile combined.  China Mobile iPhone activations are expected to raise apple’s income by at least 5% in 2014.

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As China Mobile begins to release 4G to its customers it will now be able to sell 4G enabled iPhones at its stores.

While the iPhone is popular in China, it is an expensive, premium phone.  As a result, many lower-income individuals may not have the opportunity to purchase the phone.

As Apple ventures into new areas, one might ask, “where next?”  Only time can tell…

Apple to Release Larger iPhone

Apple is said to introduce new, larger iPhones “6”  and next gen iPhone 5c in Quarter 3 of 2014. According to rumor, the new phones are expected to boast 4.7 and 5.5 inch Retina displays.  Apple introduced the iPhone 5s and iPhone 5c last September.

AppleRumors.NET reported last week that Apple signed a deal with Sapphire glass manufacturer GT Advanced Technology.  Apple’s nearly half billion dollar investment will likely allow for the next gen iPhone to sport sapphire displays.  Also reported on the next gen iPhone is LiquidMetal, a powerful and strong alloy which could make the iPhone nearly indestructible.

Apple currently uses Sapphire on its iPhone 5s (the camera lens and Touch ID sensor) and LiquidMetal for the SIM ejector.

Apple Updates Remote

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Apple yesterday updated Remote (AppStore.com/Remote), it’s remote app for controlling an iTunes library or Apple TV. Remote has been updated with iOS 7 features, making the new version 4.0 update a major uverhaul.

Remote is the latest Apple app to receive a major update (Apple updated podcasts, Find my Friends, iTunes Trailers, and other apps in the past few weeks.

Most notably, Apple has not updated iBooks and iTunes U with iOS 7 designs. This leads us to ask, Will Apple update them in the coming weeks or hold an education event similar to it’s January 2012 event?