Apple Earnings Q1 2016

Apple and the Terrible, Horrible, No Good, Very Bad, Record-Breaking Quarter

Apple and the Terrible, Horrible, No Good, Very Bad, Record-Breaking Quarter

By on January 27, 2016 at 8:56 AM.

Apple bloggers typically have trouble understanding the market’s reaction when things turn south after Apple reports a phenomenal quarter, but even they understood investor trepidation following Apple’s quarterly report on Tuesday afternoon. At $18.4 billion, the company posted the most profitable quarter in history, topping its own prior record by nearly half a billion dollars. Exxon’s $15.9 billion quarter had been the record until last year when Apple smashed it with an $18 billion December quarter.

During this more recent holiday quarter, Apple also managed to narrowly top the revenue and iPhone sales figures it posted last year, coming in at $75.9 billion and 74.8 million, respectively. Both figures marked records for the company, but both figures also missed analysts’ expectations. That wasn’t the real problem, however. The real problem was that Apple finally confirmed fears that have been swirling for the past few months: In the coming quarters, iPhone sales will fall. More →

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Tim Cook Exlpains iPhone Sales Decline

Tim Cook explains why iPhone sales will decline for the first time in history

By on January 27, 2016 at 8:00 AM.

Tim Cook explains why iPhone sales will decline for the first time in history

As is typically the case, the strength of Apple’s recent earnings report really depends on how you choose to prioritize the report’s more important data points. On one hand, for example, Apple just posted the most successful quarter in corporate history; $18.4 billion in profits on the back of a record-setting 74.8 million in iPhone sales. But on the other, iPhone sales year over year were practically flat.

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Hit List

Apple Earnings

Apple beats earnings expectations but future iPhone sales raise concerns

By on January 26, 2016 at 4:34 PM.

Apple beats earnings expectations but future iPhone sales raise concerns

Apple just posted its earnings for its 2015 holiday quarter and delivered an interesting report to say the least. Specifically, Apple posted revenue of $75.9 billion, setting an all-time quarterly record in the process. Meanwhile, Apple’s quarterly profits checked in at $18.4 billion while EPS for the quarter checked in at $3.28, easily besting the consensus on Wall Street.

Leading up to Apple’s earnings announcement, analysts were anticipating Apple’s quarterly revenue to check in at $76.6 billion, with quarterly profits and EPS checking in at $18.2 billion and $3.23, respectively.

By way of comparison, Apple during the same period a year-ago posted revenue of $74.6 billion, a profit of $18 billion, and EPS of $3.06

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iPhone Vs. Android

The iPhone generates more revenue in 3 months than Android has in its entire existence

The iPhone generates more revenue in 3 months than Android has in its entire existence

By on January 22, 2016 at 8:53 AM.

The one great byproduct of lawsuits in Silicon Valley is that they often reveal a great deal of interesting information that companies would rather keep tucked away from the prying eyes of the public. For instance, Apple’s lawsuit against Samsung revealed an absolute avalanche of previously top-secret information about Apple products, along with information surrounding the company’s operations and design process.

The most recent example of a lawsuit bringing confidential information to the surface comes to us courtesy of Oracle’s patent infringement lawsuit against Google regarding Java. Just last week, an Oracle attorney disclosed, for the first time, key financial details about Google’s Android business that has long been subject to immense speculation.

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Game Changers

iPhone 6s Sales

New data suggests iPhone 6s and 6s Plus are underperforming compared to 2014 models

By on January 21, 2016 at 4:01 PM.

New data suggests iPhone 6s and 6s Plus are underperforming compared to 2014 models

Apple shares have been getting hammered recently as fears mount that Apple’s iPhone sales growth is finally starting to slow. The company has managed to maintain a breakneck pace since the iPhone debuted back in 2007, but analysts now fear that last year’s iPhone 6 performance — namely, the company’s record holiday quarter last year — might have been the end of the line where rapid growth is concerned.

Firm after firm has piled on since worrisome reports first started popping up, though most are simply playing follow the leader and have nothing original of value to offer. This is not the case with the results of a new study released on Thursday by Consumer Intelligence Research Partners, however, which offers new data that may also point to a slower quarter than the Street had hoped for. More →

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Apple Europe iOS App Development Center

Apple says it already created over a million European jobs as it opens new app center

By on January 21, 2016 at 8:40 AM.

Apple says it already created over a million European jobs as it opens new app center

Apple’s iPhone wasn’t just a game changer in the smartphone industry, it sent ripples across countless other industries as well. In fact, iOS was the catalyst that created an entire new economy. Mobile application development has become an industry worth many billions of dollars each year, and it has spawned a number of large development houses with market values that reach into the billions themselves.

Part of the beauty of this bustling new industry is that it has no borders. Developers can thrive anywhere there are computers and Internet access. The Flappy Bird phenomenon, painful though it may have been, was proof of this. And now, Apple has announced that it will open a brand new app development center in Europe to help educate young developers and set them on a course for success. More →

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iPhone 8 Cost

How much will the iPhone 8 cost if Trump is elected president?

By on January 20, 2016 at 5:05 PM.

How much will the iPhone 8 cost if Trump is elected president?

Presidential hopeful Donald Trump is currently the republican frontrunner, and we’ve never seen anything quite like this happen before in the United States. Sure, we’ve had our fair share of unconventional candidates, but none have managed to garner quite so much support at this late stage in the game. And it’s not that Mr. Trump is unintelligent or insane, he’s actually a brilliant businessman. It’s the zealousness with which he proposes his outlandish ideas despite knowing as well as you or I that they’re simply not rooted in reality.

But just for a moment, let’s pretend one of his outbursts is rooted in reality. Let’s say Trump is elected president this coming November and among his first orders of business upon taking office, he forces Apple to build its “damn computers and things in this country,” as he so eloquently put it. What might that do to the cost of Apple’s next iPhone, we wonder? More →

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TV
Netflix Subscribers

Netflix now has more than 75 million subscribers across 190 countries

By on January 19, 2016 at 7:00 PM.

Netflix now has more than 75 million subscribers across 190 countries

Thanks to a growing library of original content and a wide selection of popular TV shows and movies, Netflix’s popularity continues to skyrocket across the globe. The streaming video giant released its Q4 2015 earnings results this afternoon and delighted investors with higher than anticipated earnings per share and, more importantly, impressive subscriber growth.

On the financial side, Netflix posted $1.82 billion in revenue and $43.2 million in profits. By way of contrast, Netflix during the same quarter a year-ago posted revenue of $1.48 billion and profits of $83.4 million. As for the year over year decline in profits, that can largely be attributed to licensing costs and bankrolling a growing number of original shows. In fact, Netflix earlier this week said that it plans to spend a whopping $6 billion on content in 2016 alone, a figure which far eclipses what other companies like HBO plan to spend over the next 12 months.

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apple-store-logo-sign-2

Widow wins battle with Apple over deceased husband’s password

By on January 19, 2016 at 6:10 PM.

Widow wins battle with Apple over deceased husband’s password

A widow in Canada has won her battle with Apple after the tech giant demanded that she get a court order to obtain her deceased husband’s Apple ID password.

CBC reports that 72-year-old Peggy Bush ran into difficulties getting the password from Apple after losing her husband David to lung cancer in August. Bush wanted to retrieve her husband’s password so that she could play games on an iPad – she knew the iPad’s login, but not the Apple ID password.

“From Apple, I couldn’t even get a silly little password, it just seems nonsense,” she told CBC.

Her daughter, Donna Bush, contacted Apple to ask if it could help retrieve the password or reset the account. After multiple phone calls over two months, Donna provided Apple with the serial numbers for her parents’ iPad and Apple computer, her father’s will that left everything to Peggy, and a notarized death certificate.  However, she was told by Apple that she would need a court order, CBC reports. More →

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Verizon Net Neutrality

Verizon, one of net neutrality’s biggest foes, says it’s ready to test sponsored data

Verizon, one of net neutrality’s biggest foes, says it’s ready to test sponsored data

By on January 19, 2016 at 8:20 AM.

Of all the companies that have opposed net neutrality over the years, Verizon is likely the most outspoken and shameless among them. As consumers fought to support guidelines that would ensure a level playing field on the web, Verizon spent big money lobbying against net neutrality for fear that it might eat into the company’s bottom line. Then, in an ironic twist, the Federal Communications Commission ended up green-lighting net neutrality rules that were even more consumer friendly than the ones Verizon spent the most time and energy lobbying against.

We all knew that the new rules wouldn’t stop Verizon from finding and taking advantage of loopholes in the new net neutrality laws though, and now the company has confirmed that it’s ready to give net neutrality a nice big slap in the face. More →

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Peach Messaging App

Death of Peach: An eerie echo of Meerkat’s collapse

Death of Peach: An eerie echo of Meerkat’s collapse

By on January 11, 2016 at 11:07 AM.

Peach is dead, four days after its launch. This seems as obvious as the death of Meerkat one month after its debut.

One cool aspect of the modern app market is that the hype cycle can now peak in less than 24 hours. A messaging app called Peach triggered a media maelstrom on Friday afternoon, peaked at No. 85 on the U.S. iPhone downloads chart on Saturday, and started declining on Sunday, slipping to No. 129 by Sunday at 1:00 p.m. The tepid peak performance and an early decline are vastly significant considering the heavy tech media coverage surrounding the app. More →

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Samsung Earnings Q4 2015

Samsung has more to worry about in 2016 than just the iPhone

By on January 8, 2016 at 8:14 AM.

Samsung has more to worry about in 2016 than just the iPhone

2016 is shaping up to be a rough year for the world’s top two consumer electronics companies. While Apple shares continue to take a hit on worries that its sky-high iPhone sales growth is slowing considerably, the company’s top rival on the other side of the world turned in preliminary fourth-quarter results that missed analyst’s estimates. More →

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