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Apple Reports Results for Q3 2012: $8.8 Billion Profit on $35 Billion in Revenue
Yesterday Apple announced financial results for the second calendar quarter and third fiscal quarter of 2012. Apple posted revenue of $35.0 billion and net quarterly profit of $8.8 billion. The numbers are dramatically weaker than what analysts were expecting. The company did beat its own guidance, however. Last quarter, Apple said it would make $34 billion in revenue.
Leave a commentGoogle: Apple Inventories That Are Commercially Essential Should Be Treated As Standards
CEO of Apple Tim Cook has said that he think other companies should “invent their own stuff” instead of copying inventions created by Apple.
Kent Walker, General Counsel of Google disagrees, and this month send a letter to Judiciary Committee of US Senate saying that commercial inventions that influence “consumer welfare” should be treated the same way as technical patents.
Alternative Email Client Sparrow Acquired by Google
Google has recently acquired alternative email client Sparrow. Sparrow has already posted a statement on their website:
We're excited to announce that Sparrow has been acquired by Google! We care a lot about how people communicate, and we did our best to provide you with the most intuitive and pleasurable mailing experience. […]
Former Apple exec Bertrand Serlet joins Parallels board
Former Apple Senior Vice President of Software Engineering Bertrand Serlet, often called the "father of Mac OS X, joined Parallels. His position will be a non-executive director.
In a statement regarding the new position, Parallels CEO Birger Steen described Serlet as “the rare combination of a software visionary and master of execution.”
Bertrand Serlet left Apple in 2011 to reportedly "focus less on products and more on science." Serlet had been reportedly working with at least two other former Apple employees on a cloud computing startup called "Upthere." Located in Palo Alto, Calif., the company is described as a cloud hosting provider with "consulting services in the field of cloud computing."
Apple Is Placing All Eligible Products Back on EPEAT Registry
Last week we reported that Apple asked EPEAT to withdraw its products from its registry, and said that it would no longer register its devices in EPEAT for evaluation. EPEAT assesses the environmental impact of electronic devices and its rating is used by many governmental organizations and corporations as a yardstick for purchases of electronics.
The iPod Nano
If you are looking for an extremely tiny MP3 player, the iPod Nano is about as small as they get; and yet they can store up to 16GB of music. Here we take a look at the Nano's best features.
Apple Withdraws Its Products From EPEAT Registry
Apple has EPEAT (Electronic Product Environmental Assessment Tool) that it is pulling its products from the registry of this organization and will not be registering its products in the system for environmental rating. CEO of EPEAT Robert Frisbee CIO Journal:
Apple released iOS 6.0 Beta 2 for developers
Apple recently released new iOS 6 beta 2 for developers. It is available as an OTA update or as a download here. Apple also updated Xcode 4.5 developer preview 2, Apple TV beta 2 as well.
When you download and install iOS 6.0 Beta 2 OTA the Settings icon animates. Take a look:
iPhone 5 will put Samsung's Galaxy S III to shame, says Foxconn CEO
Chief Executive Officer Terry Gou of Foxconn told its stockholders during the annual meeting on Monday to disregard Samsung's recently-released Galaxy S III smartphone and wait for the upcoming iPhone 5 instead, mentioning a number of strategies that will allow the company to "beat" Samsung within the next three to five years.
Apple to kill Ping with next major iTunes release
According to sources close to the matter Apple will reportedly kill off the Ping iTunes service when the next iteration of iTunes rolls out alongside iOS 6 this fall, reports All Things D. The social music network has suffered waning participation since its introduction in 2010.
Apple CEO Tim Cook confirmed these rumors partly when he said at the D10 conference in May that the company might kill off Ping but vowed to add more social integration into its products. Ping is still active, but sources say that the social network will be redacted this fall and replaced by deeper Twitter and Facebook integration.
Tim Cook confirms updated Mac Pro coming in 2013
Apple confirmed that its CEO Tim Cook sent an e-mail to a Facebook group page dedicated to the Mac Pro on Monday and said that the company is indeed "working on something really great" for 2013, allaying current Mac Pro owners' fears that the desktop has reached its end of life.
The slightly updated Mac Pro presented by Apple at WWDC on Monday wasn't the significant revamp. The machines received 12-core Xeon chips, but CPUs are based on Intel's two-year-old Westmere-EP architecture and not newer Xeon E5 silicon. Professional users were hoping for something more significant and impressive.
Aaron Sorkin Shares His Thoughts On Steve Jobs Biopic
Aaron Sorkin, who created the Oscar-winning scenario for “The Social Network”, was recently confirmed by Sony Pictures as a screenwriter for upcoming film based on the biography of Steve Jobs.
Reuters that in an interview with reporters Sorkin said that he was still looking for some event in Jobs’ life to hang the film on.
Face.com Released Updated Version Of Facial Recognition App KLIK
just released version1.0 of its facial recognition app for iPhone with a new learning mode and filters. The previous “testing” version of the app launched in January. However the latest version features face-friendly filters similar to Instagram and improved face-recognition capabilities allowing to Facebook-tag people.
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:
iTunes and App Store:
- $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:
Tim Cook Included In TIME’s 100 Most Influential People List 2012
Time Magazine its list of the 100 Most Influential People In The World that was compiled for this year, and Apple CEO Tim Cook included in the list alongside Salman Khan, Rihanna, Hilary Clinton and Tim Tebow. Walter Isaacson has been also included on the TIME's list thanks to the remarkable success of his book about Steve Jobs.