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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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.

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© 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!

Apple Roundup

It’s been a slow week for rumors (and a busy one for holiday shoppers), so I decided to compile everything into one article.

Apple recently released the first beta of OS X 10.9.2 to developers.  The update includes various bug fixes and other minor enhancements, but most notably now includes FaceTime Audio, a service introduced in iOS 7.

FaceTime Audio is available currently only on iDevices, but will soon include Macs.  Apple is likely to release 10.9.2 (to the public) sometime next year.

On other Mac news, Apple’s Mac Pro, radically redesigned and re-envisioned, saw preorders on Thursday and is now shipping in February.  Wow.  You probably have a better shot of getting your hands on one at your local Apple Store.

Furthermore, iTunes Connect, the developer portal, will not be accessible to developers for over a week.  This means that App Pricing, Stats, and app uploads will not be available.  While this doesn’t officially affect customers, you won’t have any updates or price changes during this time.

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Breaking: Apple Anounces Mac Pro Price and Availability

Apple today announced that it will offer the Mac Pro, announced at WWDC in June, for $2,999 (baseline model) starting tomorrow. While this may be a steep price point, Apple does not target most customers with this device. As the name implies, the Mac Pro is a professional device and is intended to be used by pros (i.e. developers, photographers, videographers, etc.).

The new Mac packs a punch with all SSD, new processors, and an incredible design – one that’s a leap back to the “classical” design days of Apple in 2001-2004.

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Apple’s New Mac Pro

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Apple’s much anticipated Mac Pro is to be available for purchase in December of this year. Apple’s new circular design sets this generation apart from the previous generations’ rectangular and bulky design. The new Mac Pro is to weigh only 11 pounds (5 kg) compared to the Mid-2012’s 41 pounds (18.7 kg). 

The new Mac Pro will come standard with a 256GB SSD. The Mid-2012 Mac Pro came standard with 1TB of storage. Although the SSD will be a much quicker option some consumers want more space at the sacrifice of speed. 

With the new boosted processing power of the Mac Pro you will be able to perform more tasks than ever before. This will allow you to use much more processor dependent programs on your computer.The new Mac Pro does have boosted processing power coming standard with 3.7GHz Quad-Core Intel Xeon E5 with 10mb L3 cache or you can get the 6-Core version for an extra thousand dollars which comes with a 3.5Ghz 6-Core Intel Xeon  E5 with 12mb L3 chace. Compared to the 2012’s which you could either get a 12-core with two 2.4Ghz 6-Core Intel Xeon E5645 or a 3.2GHz Quad-Core Intel Xeon W3564. The new Mac Pro definatly has more processing power especially when you shell out the extra cash to configure it even more. 

Apple shows us that they are expecting people to use more graphic intensive programs on the Mac Pro. They have added major improvements to the graphics software, something that Apple is not know for.They worked to improve the graphics power on the new Mac Pro by having them come standard with either 4GB of GDDR5 VRAM or 6GB of GDDR5 VRAM. The 2012 version only came with 1GB GDDR5.

Apple decided to add more connectivity to the new Mac Pro. This will allow you to connect more of your devices to your machine. It comes with 4 USB-3 ports, 6 Thunderbolt 2 ports, 1 HDMI 1.4 UltraHD port, and a set of Gigabit Ethernet ports. 

With the addition of more memory than ever to the Mac Pro you will now be able to use the Mac Pro to run a multitude of programs at once without slowing your computer. The Mac Pro comes standard with 12GB (three 4GB sticks) of 1866MHz DDR3 ECC memory and configurable to 64GB! This will allow for people to use this computer to run multiple virtual machines.   

The Mac Pro will be available for purchase this December for the prices of $2999 and $3999. 

Roundup: Apple’s October 2013 Event

Apple today announced a slew of new products including OS X Mavericks (available for free today from the Mac App Store), the new Mac Pro, updated MacBook Pros with Retina Displays the iPad Air, and the iPad Mini with Retina Display.

Apple Executive Craig Fedaragi took the stage today to announce the release of OS X Mavericks, the next iteration of the “world’s most advanced desktop operating system.” Fedaragi pleasantly surprised us explaining that Mavericks will be available for free via the mac App Store.
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Additionally, the redesigned Mac Pro and new MacBook Pro with Retina display were announced by Phil Schiller, touting new and improved processors, graphics, and more. The new MacBook Pros will be available for purchase today in any Apple retail store. Apple’s latest pro beast, the Mac Pro is substantially smaller and more powerful than it’s predecessor, the 2010 tower. It will be available for sale in December.

While these updates were warmly welcomed, the real star of the show was the iPad. Apple released the iPad Air and iPad Mini with Retina Display to succeed the Fourth Generation iPad and iPad Mini (first gen).

Apple touts the iPad Air as weighing only 1 pound, featuring an all new design, faster A7 Chip, M7 coprocessor, new smart covers, and more. Apple’s design is in line with the first gen and second gen iPad Mini.
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The new iPad Mini with Retina Display sports an incredible Retina Display with over 3.1 million pixels. Better contrast and saturation make this a truly incredibly display.

Eddy Cue, SVP of iCloud and internet services demoes the latest update to iLife and iWork claiming it is the most substantial update ever. Both suites are available for either update or purchase on the Mac App Store.
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We’ll gave more information and reviews of the new iPads, Macs, and Mavericks coming soon – so stay tuned.

What do you think of the announcement?

Update October 22 at 4:35 PST: Addition of iWork and iLife info.

Apple to Stream October 22 Event

 

20131022-104129.jpgDisplaying a large image of the San Francisco Yerba Buena Center, Apple today announced that it will be streaming the event live to those running Safari on an iPad, iPhone, iPod Touch, or Mac. Users of other browsers will not be able to view the keynote. Apple will also be live streaming the keynote to Apple TV’s.

Apple is expected to release new iPads, MacBook Pros, the Mac Pro, OS X Mavericks, and more. AppleRumors.NET will have full coverage of the event as well as reviews and more.

Stay tuned.