Archive for January 24th, 2013

While the media responses about flatline growth in financial results of Apple have a dominating position, the massive growth of cloud-based services Apple are reportedly remains largely unnoticed.

In 2012, reports iPodNN, the number of iCloud users grew from 85 million to more than 250 million. The number of iTunes users has exceeded 500 million, with a record profit of 2.1 billion dollars for the quarter.

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During the Conference on financial results, Apple CEO Tim Cook announced that the 36 additional providers will support LTE connectivity for the iPhone and iPad next week.

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Tim Cook commented on the recent rumors that Apple may reduce the supply of iPhone 5 because of weak demand. It should be paid special attention to the significant changes in the prices of Apple's shares.
Tim Cook is not focused on any particular rumor, but warned against attempts to interpret the data points, even if they happened to be exact.

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During today’s 1Q 2013 earnings call, Peter Oppenheimer said that Apple focused on creating a new operating segment for Greater China, which includes Hong Kong, Taiwan and Mainland China. He said:

"We have established a new operating segment for China, given the contribution of that region to our business".

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Today Apple announced financial results for the first fiscal quarter of 2013. For this quarter, Apple posted net quarterly profit of $13.1 billion, revenue of $54.5 billion and $13.81 per diluted share compared to net profit of $13.06 billion, revenue of $46.33 billion and $13.87 per diluted share in the first quarter of 2012. Apple’s quarterly revenue and profit were both all-time records, but analyst Philip Elmer-Dewitt had predicted even slightly higher results.

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