News tagged ‘profit’
A few days ago The Wall Street Journal published a report claiming that Apple and China Mobile signed the partnership agreement. Well, looks like these companies actually failed to finish the negotiations and the information, provided by an unknown source, is just fake. What that means is that we don’t know for sure if the iPhone will debut on China Mobile network by the end of this year or not.
According to Fortune’s latest report, the experts from Deutsche Bank and Global Equities Research have raised the target price for AAPL. They say such predictions appeared after the analysts took a look at company’s Black Friday sales results.
According to the latest NPD report, Apple is sure to cut the production of the iPhone 5c by 35% and boost the production of the flagship iPhone 5s by 75% soon. Such changes are no doubt caused by poor sales of the plastic model in China and all over the world - people still prefer high-end 5s to less expensive 5c and this is probably a surprise for Apple.
iPhone 5s is a very successful device in both U.S. and international markets. In fact, it is so much popular among the customers that can possibly help the company from Cupertino boost the gross margins to incredible 40%. Well, this is at least what Maynard Um of Wells Fargo Securities predicts (via
Apple’s new lower cost iPhone 5C is expected to have the greatest domestic benefit for T-Mobile. You see, this carrier has always been considered as the one for budget-oriented subscribers - combine this with the cheap plastic iPhone and you'll get profit.
According to The Wall Street Journal, Hon Hai Precision Industry Company, widely recognized as Foxconn, has experienced an abrupt upsurge of 41% of the second quarter profits. Foxconn is Apple's leading iPhone and iPad assembler, and the increase in revenue is accounte to by high iPhone sales rates.
The report notes that 40% of Foxconn's profits come from Apple. In the second quarter of 2013 the figure of net profit of Hon Hai Precision Industry reached the top point of NT$16.98 billion (USD $566.7 Million) as compared NT$12.06 billion (USD $402 million) from the same period in 2012.
Apple suppliers - UniMicron and Foxconn - are accused of dumping toxic waste into nearby rivers, The Wall Street Journal reports. Taking into account numerous accusations and suspicions of local environmental groups, Chinese government decided to begin the investigation of the incident.
According to EA quarterly report, Apple has become the company's biggest retail partner. EA gained more money through Apple than any other single partner. It's revenue from smartphones and tablets reached $90 million , although it was not specified how much of that was exclusive to iOS.
The Simpsons: Tapped Out had the highest quarterly profit and the last three quarters were more prosperous than any other previous quarters. Other games like Real Racing 3 also gained quite a lot of money as well. The racing game boasts 45 million downloads and averages 2 million daily users.
According to the Fortune’s latest annual list of the world’s most successful companies, Apple ranks #19. As to the top five spots, they are occupied by such corporations as Royal Dutch Shell, Wal-Mart, Exxon Mobil, Sinopec Group and China National Petroleum.
NTT DoCoMo, the biggest mobile carrier in Japan, is facing a serious problem of losing clients. Its firm denial to work with Apple iPhone cost it 3.2 million users over the last 4 and a half years. It is put down to high popularity of iPhone in Japan. Being the most desirable smartphone, it occupies a 42 % share of cell phone sales.
NTT DoCoMo CEO Kaoru Kayo says:
Our aim is to develop a special “lifestyle system”. It requires preinstalled software on mobile phones.
Naturally, remembering how closed iOS system is, Apple does not let NTT DoCoMo install any programs on its devices. Another problem issue is placing carrier’s logo on the iPhone. It is obvious that California-based company refuses to accept there conditions.
According to Wall Street Journal, Taiwan Semiconductor Manufacturing (TSMC) has agreed to supply Apple with A-series chips. Although the matter has been discussed since 2010, the deal was only signed this month, and TSMC starts producing some of the chips in 2014. By that time, the Taiwan company will improve the quality of the products so that they meet Apple’s requirements. The chips will become smaller and more energy efficient by using 20-nanometre technology.
When negotiating the deal, the American company offered either to invest in TSMC or to assign one factory as an exclusive Apple supplier. However, the Taiwan company did not accept either of the options to keep TSMC independent and adaptable.
Samsung used to be Apple’s main A-series chips supplier, but present ferocious competition between the companies is forcing the latter to diminish its dependence on the Korean company.