News tagged ‘Lion’

Airplay Mirroring demo on an iPad 2

Reportedly, iMessage and AirPlay Mirroring will be added to OS X Lion. AirPlay Mirroring was first launched on the iPhone 4S and iPad 2. It enables you to wirelessly stream display content of your iPhone or iPad to the HDTV through Apple TV. Implementation of this feature on the Mac will reportedly be similar and will allow broadcasting whatever is on your desktop to your TV.

Read the rest of this entry »

Chinese customers prefer to buy Apple’s iPhone than Nokia’s smartphones, according a report published by the investment bank Morgan Stanley. As more than a third of 2,050 surveyed urban Chinese mobile phone users express a preference for iPhone, twice that for Nokia's models.

Apple presence on Chinese smartphone market grew significantly in 2011. Not surprisingly that over fiscal 2011 the company managed to earned as many as $13 billion, comparing with $3 billion in fiscal year 2010. Morgan Stanley says it believes "China could surpass the US as Apple's largest market in about three years, adding nearly $30 billion more per year to the top-line along the way." The firm notes that sales of iPhones are also driving purchases of related Apple products, noting that Mac use is nearly four times higher among iPhone users, where Mac user share jumps to 35 percent from the standard 9 percent of the general population.

Morgan Stanley’s survey demonstrates that Apple increased its share by 6 percentage points to reach 34 percent of planned purchases in the region. Nokia dropped 8 percentage points to make up just 16 percent of the nation's planned purchases.

According to a research note released by the investment bank Morgan Stanley on Wednesday, a lower-priced iPhone could generate a nearly three-fold increase in demand for Apple in China. The bank conducted research among Chinese customers who hesitate to but the iPhone. 85 percent of them called price as a key factor that prevents them from buying Apple’s smartphones. The right price point could increase demand for iPhone in three times in China.

The maximum price that Chinese customers are ready to pay is $425. But those who said that they were not going to buy an iPhone could afford to pay $344. Nearly 80% of those who took part in the research marked Apple as the leading brand in China. But in last quarter company's share of mobile phone purchases in the region fell from 12% to 7%.

In the third quarter of 2011, China area became the company's second largest market, behind only the U.S. China is "the fastest growing region by far."  China sales of iPhone were $4.5 billion in the September quarter, 16 percent of Apple’s total revenue, comparing with $3.8 billion Apple earned in the June quarter. Meanwhile, one analyst believes that the mobile market in China poses as much as a $70 billion opportunity for Apple.

In the third quarter of 2011 Samsung gained the lead and China’s ZTE became the fourth-largest cell phone manufacturer moving Apple to fifth place. Cupertino-based company for the first time fell short of expectations and shipped 17.07 million iPhones in the third quarter, a 16 percent quarterly decrease in sales. As you remember, in June quarter Apple sold 20.34 million iPhones, which allowed the company to beat Samsung and Nokia and become the leading smartphone manufacturer in the world.

Read the rest of this entry »

HP, the largest PC manufacturer, has announced that after evaluation of business alternatives for Personal Systems Group they decided to not sell off the PC unit and leave it within the company.

Read the rest of this entry »

Yesterday Apple filled its 2011 annual report with the U.S. Securities and Exchange Commission. The report includes several interesting facts about company:

• Apple now has 60,400 employees comparing with 46,600 employees last year. 36,000 employees work in the retail division of the company.
• Apple enlarged number of stores up to 357. In this year the company opened 40 additional stores. The average number of employees per store grew from 83.6 to 100.8.
• The company spent $933 million on advertising, enlarged number of investment into research and development up to $2.4 billion.
• Apple also mentioned some risk factors for investors:  "if [Apple] is found to have infringed on intellectual property rights", "support from third-party software developers", "the Company’s ability to obtain components in sufficient quantities", and numerous more.
• As of September 24, 2011 Apple has 13.2 million square feet of building space, among them about 7.0 million square feet are leased building space.

Rumors of an Apple-branded television have been circulating for years, and now have revived after release of Steve Jobs’ authorized biography, where he claims that he finally “cracked” problem. Some analysts expect that Apple may release a new television set as soon as next year. Among the newly presented evidence is a claim that prototypes of the Apple television set are now "in the works".

- Based on Jan-11 meetings in Asia (not with component suppliers), we believe Apple is investing in manufacturing facilities and securing supply for LCD displays. These displays could range from 3.5" mobile displays to 50" television displays.

- More recently, in Sept-11 we met with a contact close to an Asian component supplier who indicated that prototypes of an Apple television are in the works.

Other evidence is several patents and patent applications filed by Apple that addressing the company's work into television-related technologies.  Our expectations from Apple TV include integration with iCloud that would provide access to iTunes Store video content.  Apple is believed could sell 1.4 million television sets at an average selling price of $1800 in 2012, ramping up to 4.3 million units by 2014 as costs drop to an average selling price of $1400.

Ten years ago, on October 23rd, Steve Jobs introduced the first iPod. This music player seems to be partly responsible for Apple’s comeback and success. It also paved Apple the way to the consumer electronics market. Macworld provides a nice story detailing how the iPod came to be:

Behind every successful product lies a problem in search of a solution. The inspirational problem, in the iPod’s case, involved the pitiful state of the young MP3 player market in the late 1990s.

Portable MP3 players had been around since the mid 1990s, but Apple found that every one on the market offered a lackluster user experience. Steve Jobs had a strong term for gadgets like that: “crap”. Everyone at Apple agreed.

Initial reaction to the iPod wasn’t favorable. Customers complained against lack of wireless and space. They called it “lame” and thought that the iPod would never start taking off. But time tells that all those critics were wrong. Now iPod line of  portable music players is one of the most popular worldwide. Ten years after the launch, the iPod has sold over 304 million units.

Investment bank UBS issued a note to investors where it suggested that Apple would sell about 42.5 million iPhones worldwide in this quarter. But they expect that international adoption of Apple's newest handset could be slow when compared to the U.S. This might be caused the fact that Siri, the 4S-exclusive voice-recognition feature, only supports English, French and German. So in the United States sales of iPhone 4S is likely to top 11.7 million in the upcoming quarter.

"If Apple is able to manufacture and sell the estimated 42.5 million units, earnings per share of the company's stock would drive an incremental $3.09 to the estimated $9.47 for the December quarter.”

Both AT&T and Verizon confirm that the iPhone 4S release slowed sales, causing the company to miss analysts' expectations for the last quarter of the 2011 fiscal year. But despite that fact the bank gives Apple a 12 month buy rating with a price target of $510.

After last week’s iPhone 4S release in the first seven countries, Apple is going to launch the new smartphone in additional 22 countries on October 28th.

Read the rest of this entry »

According to The Wall Street Journal, Apple has been dethroned by Samsung one quarter after the company became the largest smartphone manufacturer in the world. As a person familiar with the situation said, Samsung shipped over 20 million smartphones in third quarter, beating Apple as well as the largest cellphone manufacturer Nokia.

Read the rest of this entry »

Apple CEO Tim Cook and Samsung Chief Operating Officer Lee Jae-yong are said to have discussed their long-term component supply relationships during a two-hour meeting that took place earlier this week.

Lee Jae-yong, chief operating officer (COO) of Samsung Electronics said Wednesday he had discussed long-term parts cooperation arrangements with Apple Inc.'s chief Tim Cook.

The meeting took place Monday after Lee attended a memorial service for Steve Jobs, Apple's late co-founder, and as Samsung and Apple remain locked in fierce legal disputes to control the global smartphone and tablet computer markets.

Lee noted that the companies made agreement for 2012 and would like to prolong their cooperation for 2013-2014. Apple has been keen to make long-term supply agreements with component suppliers, sometimes prepaying billions of dollars in advance to secure massive supplies looking over several years and overcoming or better to say excelling its competitors.

On Tuesday Apple announced that it has $81.57 billion. As usual different Apple analysts and watchers try to guess and suggest what the company should do with its huge cash reserves. Now Apple CFO Peter Oppenheimer oversees $9.815 billion in cash and cash equivalents, $16.137 billion in short-term marketable securities, and $55.618 billion in long-term marketable securities. Despite Apple huge cash reserve, the company invests its money very carefully.

Apple’s CEO Tim Cook noted that “the cash wasn’t burning a hole in our pocket” and that the company “didn't want to do silly things”. In recent months Apple acquired several companies, intellectual property, invested in the supply chain and in new stores. Moreover, the two-thirds of Apple’s cash reserve are offshore.

“The U.S. government taxes U.S. businesses on income earned worldwide, but allows them to defer taxes on the money until it is brought back to the United States. As a result, American corporations like to keep the money abroad, particularly as they increase investment overseas,” Reuters explained.

Yesterday Apple’s current CEO Tim Cook reported that iPhone sales fell short of expectations at 17.07 million units in the fourth fiscal quarter. iPhone sales dropped by 2.4 million. Record iPhone sales for the current quarter would come in above the 20.34 million units set in the third fiscal quarter (second calendar quarter) of this year.

Decline in iPhone sales, as Cook noted, caused by various rumors related to the Apple’s smartphone, especially, when Apple missed its usual June introduction of new hardware. Most of the rumors were about a dramatically redesigned "iPhone 5" offering a larger but thinner design than the current iPhone. Such rumors were incorrect and Apple might still be working on the iPhone 5.

Yesterday Apple posted financial results for the fourth fiscal quarter of 2011 and the full fiscal year. The company posted record-breaking revenue of $28.27 billion and net quarterly profit of $6.62 billion, or $7.05 per diluted share. Gross margin was 40.3 percent. Apple now has $81.57 billion in cash and marketable securities.

For the 2011 fiscal year, Apple reported revenue of $108.25 billion and net profit of $25.92 billion, or $27.68 per diluted share. Gross margin for the year was 40.5 percent and Apple's yearly profit and revenue were company records with Apple reporting more than $100 billion in yearly revenue for the first time ever.

Apple shipped 4.89 million Macintosh computers during the quarter, sold 17.07 million iPhone, up 21 percent from the year-ago quarter, and the company also sold 6.62 million iPods during the quarter, representing 27 percent unit decline over the year-ago quarter. Apple also sold 11.12 million iPads during the quarter, up 166 percent over the year-ago quarter. Apple also announced over 6 million copies of Lion had been downloaded through the Mac App Store since July 20th (when the operating system went on sale), with Mac users approaching 60 million worldwide.

In the first fiscal quarter of  2012 (the third calendar quarter) Apple expects to gain revenue of $37 billion.

Read the rest of this entry »