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News from category ‘Financial’
Pegatron Reports 22% Increase in Earnings
Pegatron, Apple’s supplier that is currently responsible for the manufacture of iPhone 5c and iPad mini, reported a 22% increase in earnings earlier today. The earnings may become even higher due to a new status of the Taiwanese company. In case you don’t know, Pegatron is said to be the main supplier of the upcoming iPhone 6.
Apple's iPhone 6 to Become $100 More Expensive?
Apple’s next-generation iPhone might become $100 more expensive than the current iPhone 5s. Well, at least this is what Andy Hargreaves of Pacific Crest believes. The analyst suggests that the unlocked iPhone 6 might get a $635 price tag. Apart from the higher price, Hargreaves also predicts that there would be only one iPhone 6 model, not two, as was reported earlier. This handset may get a large 4.7-inch display.
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Russia's Megafon Contract with Apple - Details
Russia’s second largest carrier, Megafon, has signed a deal with Apple to sell iPhones in Russia, report. According to the terms of this deal, Megafon will buy at least 750,000 iPhone units from Apple over the next 3 years and try to resell them to Russian customers.
Apple occupies 45% of the U.S. smartphone market
The NPD Group's Mobile Phone Track reported that Apple occupied 45% of the U.S. smartphone market in 2013. Over the year 2013 the market increased by 21%, with the total figure of 121 million smartphones sold. In Q4 the growth slowed down and were only 10% higher than those of the previous year.
Apple Sells More Computers and Smartphones than Microsoft
According to the latest Benedict Evans report, the company from Cupertino sold more Macs and iDevices than Microsoft sold Windows computers during the last holiday quarter. However, if to add the number of Windows Phone devices sold to the comparison, we’ll see that the sales results are nearly equal.
Apple buys back shares and acquires new companies
According to WSJ, Apple has repurchased $14 billion of its own shares after the Q-earnings report was published on January 28th.
Mr. Cook said Apple was "surprised" by the 8% decline in its shares on Jan. 28, the day after it reported quarterly results, and wanted to be "aggressive" and "opportunistic." With the latest purchases, Mr. Cook said Apple had bought back more than $40 billion of its shares over the past 12 months, which Mr. Cook said was a record for any company over a similar span.
Apple is PC and tablet market leader...again
A research firm Canalys has published a report which states that in Q4 2013 Apple remains the market leader of the combined PC and tablet market in shipments. Apple occupies 19.5% of the market by shipping 30.9 million Mac and iPad units. Lenovo is the market follower with 11.8% share. It has increased the result by 25.5% and jumped over HP to become second best.
iWatch first year sales can become a record
According to Katy Huberty, Morgan Stanley analyst, Apple will reach $17.5 billion iWatch sales over the first year of release, showing a better performance than iPad with $12 billion in the launch year. Such optimistic forecast bases on the belief that iWatch will become an additional accessory for any iOS user rather than positioning itself as a completely new product.
Apple's Q1-14 earnings are in top 10 of all time
According to information provided by Philip Elmer-DeWitt for Fortune, in the first quarter of 2014 Apple earned $13.1 billion. It is the forth best result of all time. In fact, Apple occupies half of the top-10 list, being the only tech company.
It was Apple's fifth $10-billion-plus quarter in three years. Only oil and gas companies make that kind of money, and they haven't seen $10 billion quarter since 2011. Why did the stock drop 8% Tuesday? I suspect part of the the answer can be found in the geometry of those five red bars. Apple is reporting record earnings, but Wall Street is looking for earnings growth.
You can see the top-10 list below.
Apple gets another claim for e-books price fixing
On Friday, another claim was filed over Apple for conspiring with publishes to fix E-Book prices. This time Cupertino company is believed to owe American E-Book customers at least $280 million in damages. Steve Berman, who is the attorney representing the consumers, states that due to the conspiracy E-Books prices rose 18.1 percent, which lead to $280 million in damages.
State attorneys general and consumers who sued the world’s most valuable technology company over its e-book pricing are seeking $280 million in damages and want that amount tripled, a lawyer for them said in a filing yesterday with the federal judge in Manhattan who presided over the U.S. case against Apple.
Apple Loses Revenue in Europe and America, Asian Sales Grow Rapidly
According to Fortune's Philip Elmer-DeWitt, the company from Cupertino loses its revenue from two biggest markets - European and American. But that’s OK since the revenue Apple gets from China, Japan and Asia Pacific begins to grow rapidly. Take a look at the chart below.
Apple's Earnings in the First Quarter
Apple has announced its financial results of the fiscal 2014 first quarter, which ended December 28th, 2013. According to the posted on the official website, the company from Cupertino broke many of its own records during the last months.
iPad Air Takes Major Tablet Spot in the USA in December
Apple’s iPad Air has taken a top tablet spot in December in the USA. More than 40% of all Apple tablets sold during the holiday season were iPad Airs, reports research firm Consumer Intelligence Research Partners. Anyway, these are only the estimates.
Apple Sold 55.3 Million iPhones Last Quarter - Analysts
According to Fortune’s recent report, Apple sold as many as 55.3 million iPhone units during the Q4 of 2013. It should be noted, however, that these are only the estimates made by a group of professional and amateur financial experts, not the actual results.
As usual, the predictions made by professionals and young analysts differ.
Tim Cook is “Incredibly Optimistic” about Deal with China Mobile
Tim Cook is “incredibly optimistic” about the deal with China Mobile. This is what he said on a small meeting ahead of iPhone 5s launch on the world’s largest carrier network. Well, the fact that Apple’s iPhone will officially debut on the world’s most profitable market on Friday would make any Apple employee happy and optimistic, I guess.
