Remember how Apple got a little crafty and bulked up its holiday quarter by playing around with the iPhone 6s launch? Well guess what happened when Samsung shifted its Galaxy S7 launch earlier in the year — you got it, a big performance boost in the first quarter. Hot off of Apple’s first ever quarterly decline in iPhone sales, Samsung reported first-quarter earnings on Thursday morning that showed a healthy 14% rise in profit. The company had strong Galaxy S7 and Galaxy S7 edge shipments to thank for the performance boost, which marked Samsung’s strongest profit growth in three years. More →
Authorities in California are investigating a death at Apple’s headquarters in Cupertino after a body was found early this morning in a conference room. Details are extremely limited right now and local news channel KTVU broke the story. Apple has not yet commented and police have not released the identity of the person found deceased. It’s not even clear at this point if the body has been identified at all. More →
Apple shed more than $40 billion in market capitalization in mere minutes on Tuesday afternoon as the company reported its first revenue decline in more than a decade and its first iPhone sales decline ever. But Apple didn’t just report declines, it reported huge declines and missed Wall Street’s earnings estimates by a shockingly wide margin.
iPhone sales plummeted to 51.2 million units from 61.17 million in the same quarter last year. Earnings per share fell to $1.90 while analysts were expecting $2.00 or more. Revenue sank by nearly $7.5 billion on-year.
There’s a whole lot of money to be made in streaming content to computers and mobile devices, and big media companies have no intention of letting Netflix and Amazon dominate the market without a fight. Companies from HBO and Showtime to Hulu and Verizon have all launched subscription streaming services in an effort to chase cord cutters and “cord nevers” who don’t pay for cable or satellite television service, and the streaming market is expected to continue to grow in the coming years.
Now, Time Warner has tossed its hat into the ring in announcing a new streaming service of its own. While the media giant’s plan certainly seems interesting, its new service isn’t likely to keep any Netflix executives up at night. More →
Apple’s second-quarter earnings report for fiscal 2016 is historic for all the wrong reasons. The iPhone has driven growth at a breakneck pace for nearly a decade now, and has helped Apple consistently post on-year sales and profit growth in every quarter. But in the March quarter this year, Apple’s revenue declined for the first time in 13 years as the pillar on which Apple has stood since 2007 finally began to crack. For the first time ever, Apple’s iPhone sales declined, dropping significantly in fiscal Q2 2016 compared to the same period a year ago. More →
Relative to how fast things typically move in the auto industry (read: not fast at all), Tesla’s emergence as a forward-thinking and revolutionary car company seemingly came out of nowhere. While traditional automakers over the years have been quick to scoff at Tesla’s prospects for long-term success, the success of the Model S and the recent explosion in Model 3 reservations underscore that Tesla is here to stay.
Speaking to how Tesla is completely turning the auto industry on its head, just yesterday we highlighted a video featuring a drag race between a Tesla Model X and a Ferrari F430. Impressively, the Model X managed to hold its own against the F430 for far longer than you might imagine.
In 2016, Microsoft doesn’t carry quite the same cachet that it did a decade ago. Although Windows 10 has been widely praised as a step in the right direction, the company has never been able to garner the same good will that Apple has been swimming in for nearly a decade now. So who’s to blame?
The Apple Watch is a miserable failure… or something like that.
On Monday we discussed how a number of high-profile industry watchers have labeled Apple’s first foray into fashion and wearable tech a flop. For whatever reason, nothing Apple does is a success in some people’s eyes unless it instantly becomes a business as big as the iPhone. Of course, we also noted the obvious fact that not even the iPhone was as big as the iPhone when it first launched. Actually, the Apple Watch is believed to have doubled Apple’s iPhone revenue during their respective first years of availability.
Well, here’s another simple comparison for you to help gauge just how badly the Apple Watch flopped: According to estimates, Apple Watch sales in its first 12 months totaled about $1.5 billion more than Rolex’s total revenue last year. More →
It’s not easy to imagine a world without the Windows operating system. Even in spite of Microsoft’s Windows 8 debacle, the company’s computing platform is still the most widely used desktop operating system by a wide margin. Of course, a decade ago it was equally difficult to envision a world without the Symbian platform, and now there are millions upon millions of smartphone users who don’t even know that an OS called Symbian ever existed.
What goes up must come down. Windows played an integral role in shaping personal and corporate computing, and it continues to play an integral role to this day. But the Windows platform won’t be around forever, and it’s possible that we’re about to witness the first step in a massive sea change. More →
In 2007 Apple launched the iPhone, a product that would forever change the cell phone industry. It would set the bar by which all other phones were measured. It would topple giant companies and force every other player in the market to completely reinvent their product lines. It would grow to become the biggest moneymaker in Apple history, and allow the company to report the No. 1 and No. 2 most profitable quarters any company has ever reported.
Now, a brand new product that is selling twice as fast the original iPhone has been widely deemed a flop. More →
Amazon’s latest attempt to convince more people to sign up for a Prime membership might not go down too well with the gaming community. Originally discovered by VideoGamer on Friday, it appears that Amazon’s Prime-exclusive items now includes several popular video games, including Grand Theft Auto V, Assassin’s Creed Syndicate and Far Cry Primal.
At the high end of the smartphone market, Apple and Samsung continue to dominate as other global brands fight for scraps. This has been the case in the industry for quite some time now, and at this rate it’s not likely to change anytime soon. At the low end of the market though, something curious has happened over the past few years. A wave of China-based companies has stormed the market with surprisingly capable smartphones being sold at incredibly low prices, and they have stolen a massive chunk of business from established players like Samsung, LG and HTC.
Of all the companies analysts thought might be able to fight back against these budget brands, Apple certainly wasn’t at the top of any lists — but it looks like that’s exactly what’s happening. More →
Want to know one surefire way to anger the TV industry? Tell them that their commercials aren’t all that effective. That’s exactly what Google claims in a new report, in which the company analyzed ad campaigns across eight countries to find that YouTube ads were more effective than TV ads 80% of the time. More →