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Apple to launch new iPad in Brazil, 29 other countries this weekend
Portuguese-language website G1 discovered that Apple announced the May 11 launch on its official Brazilian iPad page. Apple's new iPad will launch in a total of 30 new countries this weekend, with the largest among them Brazil. Most launches will occur this Friday, May 11, but a handful more in the Middle East will have a launch this Saturday, May 12.
Apple's assembly partner Foxconn recently began manufacturing devices in Brazil, and has opened plants intended for iPhone and iPad production there. Apple began selling iPhone 4 units built in Brazil in their home country in February, but thus far, production has been limited to the 8-gigabyte handset model, model number "MD198BR/A," and has not extended to version of the latest-model iPhone 4S.
Apple rockets up Fortune 500 list, still trails HP
Fortune has recently published its annual ratings of the 500 largest corporations in America and placed Apple on the 17th place. That means that the company managed to leap 18 spots from the last year 35th place.
According to Fortune, the iPhone maker's performance in the "Computers, Office Equipment" industry was topped only by Hewlett-Packard, which finished 10th overall. HP's revenue totaled over $127 billion compared to Apple's $108 billion, however the percent of change from 2010 was a stark contrast between the two companies which grew 1 percent and 66 percent, respectively. Apple's profit skyrocketed to nearly $26 billion representing an 85 percent change from 2010, while HP saw negative growth of 19 percent with a little over $7 billion in profits.
iOS Dropped To 29 Percent Of US Smartphone Sales In The First Quarter
CNET that iOS U.S. market share dropped by 12 percent in the first quarter, which enable Google’s Android to take almost two-thirds of the market.
According to market research company NPD Group, Android was able to capture 61 percent of the U.S. market, which is a considerable gain from the 49 percent registered in last year’s fourth quarter.
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Apple's iPhone climbs to 31% share of US smartphone market
comScore released on Tuesday quarterly data from its MobiLens service, which surveyed 30,000 mobile subscribers users, revealing that the iPhone made up 30.7 percent of the U.S. smartphone market and 14 percent of the mobile market in the first quarter of 2012.
Apple's share of the smartphone market grew 1.1 percent when compared to the fourth quarter of 2011. The figures were up 0.5 percent from Apple's three-month average from February.
One in four iPad purchases are made by first-time Apple owners
The NPD Group has found that about 25 percent of buyers in the U.S. have made the iPad their first-ever Apple product.
"iPad sales are growing much faster than any other Apple product has this soon after launch," said Ben Arnold, director of industry analysis at NPD. "In fact, one-in-five Apple owner households has one— nearly equivalent to the number that own an Apple computer. This demonstrates the appeal of both the new form factor and Apple’s app ecosystem."
A majority of the U.S. households that do have Apple products — 67 percent — own an iPod, and 82 percent of iPod owners polled said the media player was their first Apple product.
Apple Reports 2012 Second Quarter Results
Apple announced the company results for Q2 2012. Apple has $110 billion in cash reserves, which is up from $81.5 billion in September 2011. Apple was also up in every other segment with $18.4 billion in short-term marketable securities (up from $16.1 billion) and long-term marketable securities at $81.6 billion, which is up from $55.6 billion in the previous six-month period ending September 2011.
Here are some interesting numbers that Apple reported for the quarter:
- $1.9 billion in iTunes revenue (a 35 percent YOY increase)
- 600,000 apps (200,000 iPad specific apps)
iOS devices:
- 365 million iOS device sales
- $22.7 billion in revenue from iPhone and accessories
- 6.6 billion in revenue from iPad and accessories.
- 7.7 million iPod sales
- 94 percent of Fortune 500 and 75 percent of global 500 testing or deploying iPad
iCloud:
- 125 million iCloud users—up 25 million from February
Retail Stores:
- $4.4 billion in retail store revenue, up 8 percent
- 363 Apple Stores
- 826,000 Macs sold in store—half to new customers
- $12.2 million average revenue per-store (up from $9.9 million)
- 85 million visitors to retail—18,000 per store, per week
Here is official press release:
Apple expected to report sales of 33M iPhones, 12M iPads
Piper Jaffray analyst Gene Munster has recently announced his estimates of Apple sales for the first calendar quarter of the year 2012 ahead of the earnings call set for March 24.
Piper Jaffray analyst Gene Munster’s numbers differ from the average expectations on Wall Street. He expects the company sold 33 million iPhone that is a bit higher than the Street's forecast of 30.5 million handsets, while his forecast of 12 million iPads is slightly below the Street's 13 million. He also suggests Apple will report on 4.3 million Macs sold in the three-month span from January to March.
Analysts Expect $1000 Share Price For Apple Within The Next Year Or Two
During the past couple of days, two high-profile research analyst published reports forecasting that Apple will reach $1000 per share milestone in one or two years. With such a high share price the company’s market capitalization will push toward an unprecedented trillion-dollar level.
Steve Jobs Contacted Siri Just Three Weeks After App's Initial Launch
Siri co-founder Dag Kittlaus in a speech given yesterday in Chicago described some early developments that led to acquisition of the technology by Apple, and its further introduction on the iPhone 4S. Kittlaus reported that Steve Jobs personally contacted him just three weeks after Siri launched its iPhone app back in 2010.
And he wanted me to come over to his house the next day, and I did, and I spent 3 hours with him in front of his fireplace having this surreal conversation about the future.
iPhone And Android Own Over 90% Of U.S. Smartphone Market
According to the from research company Nielsen, Apple’s iOS and Android have both accounted for over 90 percent of U.S. smartphone purchases in last three months. During the same period the closest competitor RIM’s Blackberry was bought only by 5 percent of respondents. Other operating systems such as WebOS, Symbian, Windows Phone get only 4 percent share combined.
New iPad Sales Top 3 Million in Under 4 Days
During the early Monday call, which outlined a surprise stock dividend and buyback plan for the company's $100 billion cash horde, Cook said that "[Apple] had a record weekend and we're thrilled with it." Apple also announced yesterday that it has sold 3 million new iPads in less the four days of availability.
It should be noted, however, that pre-ordered items are commonly not counted as sales until a transaction is complete and thus those iPads that are awaiting shipment were most likely not part of the final tally.
“The new iPad is a blockbuster with three million sold―the strongest iPad launch yet,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “Customers are loving the incredible new features of iPad, including the stunning Retina display, and we can't wait to get it into the hands of even more customers around the world this Friday.”
Apple Announces Plans to Initiate Dividend and Share Repurchase Program
Yesterday Apple hold a conference call where the company announced its plans to initiate quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012.
Additionally, Apple said that it authorized a $10 billion share repurchase program that begins on September 30, 2012. The repurchase program is expected to be executed over three years, with the primary objective of neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs.
Apple reportedly recruiting workers for Israeli R&D center
Hebrew-language newspaper Calcalist now reports that Apple and Anobit, which was acquired by Apple late last year, are actively recruiting workers for the company's research operations in Israel. That goes against the rumors claiming that the downsizing was said to be part of the acquisition, as some of Anobit's employees were no longer needed at the company.
According to the report, Anobit has changed its name to HDC (R&D center in Herzliya). The company's former president, Airel Maislos, is believed to be the new senior executive at Apple's development center.
Apple adds army of Korean-speakers to legal team in Samsung patent war
Apple has reportedly hired 73 contract attorneys and 20 reviewers of Korean-American descent to study the growing mountain of Korean-language documents provided by the Galaxy Tab maker.
WilmerHale, the firm tasked with defending Apple against Samsung patent attacks, filed the declarations of 72 Korean-American contract lawyers and 20 document reviewers that will allow them to take part in the litigation. In addition to cross-contracting six of the lawyers and two reviewers, Morrison & Forrester, which deals with Apple's patent assertions against the South Korean company, hired a separate Korean-American attorney.
Apple Investing $300 Million in Austin, Texas to Add 3,600 More Workers
Texas Governor Rick Perry revealed on Friday that Apple plans to invest $304 million on a new campus in Austin that will create 3,600 new jobs and double the size of its workforce in Texas. Moreover, the state will award Apple $21 million over 10 years through the Texas Enterprise Fund (TEF). In return, Apple will expand its customer support, sales and accounting functions in the region.
"Apple is known for its bold innovation and game-changing designs, and the expansion of their Austin facility adds to the growing list of visionary high-tech companies that have found that Texas' economic climate is a perfect fit for their future, thanks to our low taxes, reasonable and predictable regulations, fair legal system and skilled workforce" Perry said. "Investments like this further Texas' potential to become the nation's next high-tech hub."
The TEF’s partnership with Apple will be one of the largest job creation initiatives in TEF history. To date, the fund has invested more than $443.4 million to help generate more than 62,000 new jobs and $15.4 billion in capital investment.