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News tagged ‘profit’
For 3Q Foxconn Is Expected To Manufacture 20 Million iPad 2s
According to , Foxconn, a manufacturer of Apple gadgets, is expected to produce 20 million iPad 2s in the third quarter. This order more than doubles the 9.25 million iPads that Apple sold during the second quarter. DigiTimes reports:
Google and Apple Will Compete For “Undecideds”
Google and Apple, two main parties on the smartphone market, are continuously fighting for consumers especially those who have not yet decided which OS they want to have in their next smartphone. According to survey in July 2011, these ‘undecideds’ will be the customers which manufacturers will be hoping to win over. It is interesting that late adopters are least sure among likely smartphone upgraders about their next phone platform.
Apple Discontinued Offering $0.99 TV Show Rentals Through iTunes
Apple stated to that offering of TV show rentals via iTunes was discontinued. Now users can only buy full episodes for just a dollar more than the previous rental price. The main advantage of buying full episodes is the possibility of re-watching them as many times as you want.
Mozilla Hopes Web Apps Will Soon Compete With Native Apps
Mozilla states that web apps will soon provide end users with a comparable to native apps experience and will represent better alternative for developers.
“We are aiming at providing all the necessary APIs to build a basic HTML5 phone experience within the next 3-6 months”
webOS Runs On iPad 2 Twice As Fast As On The TouchPad
The Next Web that Hewlett-Packard engineers have tested webOS on iPad and to their dismay they found out that webOS runs on Apple’s hardware more than twice as fast as on the TouchPad hardware.
Apple Cut Prices For Touch Panels By Nearly 50 Percent
As DigiTimes , despite Apple’s orders for touch panels from iPhone and iPad 2 have considerably grown for the third quarter, the company is said to place orders at about half the price of previous orders. This initiative could mean that Apple either attempting to lower BOM thus increasing margins at the expense of manufacturers, or the company is preparing for cutting prices ahead of new devices releases. The reports wrote:
Will Apple cost $1 trillion?
Today Apple managed to pass Exxon and now it is the most world valuable company. However, people’s euphoria lasted several hours and then Exxon were on top again after market rally. But many people are still eager to know: What can happen to Apple next?
One of Reuters’ columnists Robert Cyran is whether Apple may become the first one trillion dollars company:
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Class-action Suit Filed Against Apple and 5 Book Publishers Over E-book Pricing
A class-action lawsuit has been filed against Apple and 5 of the 6 major book publishers: Hachette, HarperCollins, MacMillan, Penguin, and Simon & Shuster. The lawsuit claims that they "colluded to increase prices for popular e-book titles to boost profits and force e-book rival Amazon to abandon its pro-consumer discount pricing."
From the lawsuit:
In November 2007, Amazon revolutionized the book publishing industry by releasing the Kindle, a handheld digital reader for electronic books or “eBooks.” A major economic advantage to eBook technology is its potential to massively reduce distribution costs historically associated with brick-and-mortar publishing. But publishers quickly realized that if market forces were allowed to prevail too quickly, these efficiency enhancing characteristics would rapidly lead to lower consumer prices, improved consumer welfare, and threaten the current business model and available surplus (profit margins). So, faced with disruptive eBook technology that threatened their inefficient and antiquated business model, several major book publishers, working with Apple Inc. (“Apple”), decided free market competition should not be allowed to work – together they coordinated their activities to fight back in an effort to restrain trade and retard innovation. The largest book publishers and Apple were successful.
This lawsuit alleges that as a "direct result of this anticompetitive conduct as intended by the conspiracy, the price of eBooks has soared" and "bring claims under federal and state antitrust laws to enjoin the illegal conduct and to obtain damages."
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Apple income may be at risk but its share still costs $540
If iPhone’s success falls down, Apple will be at risk of losing its profits because iPhone sales have an extra effect on Apple income. One analyst thinks that iPhone sales make 49.2% of the whole Apple stock value. Other Wall Street experts also consider the iPod was replaced by the iPad. Now iPad is believed to be the tech giant’s halo product which lifts sales of other Apple devices. Even in this case there is one analyst who believes that Apple share will cost $540.
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Apple Became Absolute Leader In Profits From Mobile Phone Sales In Q2
According to Asymco's Horace Dedie , Apple is a king of the hill in smartphone sales and is on LG heels for the third place in cell phone sales worldwide.
Samsung that revealed its profits for the second quarter is the second-largest smartphone manufacture globally in terms of units, however the company refuses to reveal its sales data explaining that by fierce competition with Apple.
Apple Became The US Fastest-Growing Retailer
Basing on estimations from retail sales expert David Berman, USA Today that Apple is taking “a massive bite” of retail sales in the USA. Ever-growing sales of iOS devices and Mac computers that continue to outrun sales of other computer makers along with company’s margins cannot pass unnoticed. The publication reads:
Smart Covers For iPad 2 Earn High Profits For Apple
Sales of $40 magnetic smart covers designed to protect the iPad 2 amounted to collective $300 million for Apple in recent quarter, as BMO Capital's analyst Keith Bachman on Monday in his note to investors. Half of that figure makes up pure profit for the company.
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In 2013 Apple Expects To Earn $13 Billion From iTunes
The continuous sales growth of Apple’s iOS devices made it possible for Apple to expect growth of iTunes that includes iBookstore and App Store at a rate of 39% during the next three years and to earn tremendous $13 billion during 2013.
iTunes costs $1.3 billon per year to run
An estimates that it costs Apple $1.3 billion per year to run the iTunes store.
Asymco analyzed recently announced numbers like the total number of songs, movies, TV shows, apps, download rate, iTunes accounts and how much Apple has paid out to developers. They put these numbers in a complex formula and estimated that Apple's monthly content margin cost for iTunes at $113 million, which is more than $1.3 billion per year.
That's a lot. It looks like all the iTunes profits go right back into its maintenance and expansion.
Patent Dispute Between Apple And Nokia Is Resolved, Apple Will Pay For Licenses
Nokia announced that it had entered into agreement with Apple, and now the prolonged legal argument between two corporations is coming to an end with two parties withdrawing their complaints to the International Trade Commission.
A press release that announced the signed patent license agreement was issued by Nokia early Tuesday. Agreement stipulates that Apple have to make a one-time payment to Nokia as well as ongoing royalties. But exact details of the agreement are kept in secret. The statement also reads that Nokia has put about 43 billion EUR into research and development in the course of last 20 years, creating a patent portfolio that consists of 10,000 patent families.
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