How big is Apple? [infographic]
A week ago, Apple reported record fiscal 2012 second quarter earnings. Profits soared by 94 percent to $5.99 billion, or $6.40 per share, from $39.2 billion revenue. In long missives that followed, I took to both sides of the company's performance: "Apple is better off without Steve Jobs" and "There is no Apple without Steve Jobs". Yeah, I argued with myself.
But what do the numbers mean? The accompanying infographic distills them in tidy fashion, and I won't repeat them here but simply add that during the first half of fiscal 2012, Apple generated more revenue ($85.83 billion) than all fiscal 2010 ($65.23 billion). The company's net income for first fiscal half exceeds that of fiscal 2009 and 2010 combined and is surprisingly close to all of fiscal 2011. By measure of financial performance Apple isn't the same company it was three years ago.
The King is dead -- Samsung snatches crown from Nokia and Apple
On this solemn Friday morning let us bow our heads in a moment of remembrance. The once mighty Nokia has fallen, after reigning supreme over the cellular handset market for 14 years. Apple succumbed in only three months over smartphones. Long live the king. Samsung leads both markets, according to Strategy Analytics.
I warned you, as did many others. Last week: "Nokia does the Windows Phone death dance". Two weeks ago: "Don't cry for me, iPhone". Samsung shipped 93.5 million phones during first quarter, easily eclipsing Nokia's 82.7 million. Nearly half of Samsung's shipments were smartphones -- 44.5 million, compared to 35.1 million for Apple.
'Kids are growing up Apple'
If you don't own an Apple product, look again. One out of three American households does, and it could be yours. "Kids are growing up Apple. That brand equity goes very far", Ben Arnold, NPD's director of industry analysis, tells BetaNews. Arnold's comments confirm a story I penned last year on the strength of Apple brand's in the youth market. "We definitely saw that [in our research]".
Arnold concedes that while younger consumers drive much of Apple's newfound retail success, their loyalties are fickle. "In five or 10 years someone else could come along". But he pointed to his and other research showing that Apple's brand gets high marks with the youth market, and that brand loyalty will likely extend to any new products that Apple may decide to sell.
There is no Apple without Steve Jobs
That's essentially George Colony's contention. "Apple will decline in the post-Steve Jobs era", the Forrester Research analyst opines. The sentiment is stunning in context of Apple's first two quarterly results following Tim Cook's ascension to chief executive. The company generated more revenue ($85.83 billion) than all fiscal 2010 ($65.23 billion). Net income ($24.12 billion) exceeds that of fiscal 2009 and 2010 combined ($22.25 billion). That's hella good performance.
Yesterday, I argued that "Apple is better off without Steve Jobs", in part based on recent performance that derives from Cook's running logistics for the better part of three years. But I also believe that no one knows the future, and that good reporting is about looking from different viewpoints. So today I offer counterpoint to yesterday's prognostication. Yeah, I'll rebut myself, something I frequently do. You just don't see the process, and Colony's argument is good foundation.
Apple's WWDC starts June 11, Mountain Lion and iOS 6 expected
Apple's annual Worldwide Developer Conference will take place June 11-15 at the Moscone Center in San Francisco, but forget about going. That's because tickets sold out in only two hours, the fastest in the conference's history. In 2010, this took 10 days to occur, and in 2011 eight hours.
Like last year, 2012's event is expected to focus on software. Mountain Lion should be released during the event, which brings more iOS-like features to the desktop. Conversely, iOS 6 is also expected to debut at WWDC, although we seem to know a lot less there.
Apple is better off without Steve Jobs
For all practical purposes, Tim Cook has run Apple since cofounder, and then CEO, Steve Jobs' January 2009 medical leave. Sure Jobs returned six months later and continued his micromanaging ways, but Cook, as COO, continued responsibility for day-to-day operations. He already had distinguished himself as a logistics genius, at Compaq and for a decade at Apple, before assuming Jobs' daily role -- and becoming CEO in August 2011. Cook's influence on the current state of Apple cannot be understated.
As I write Apple shares are up, following yesterday's stunning fiscal 2012 second quarter earnings results; net income rose a stunning 94 percent year over year. The stock closed down 2 percent yesterday, but shot up more than 7 percent in after-hours trading. Apple closed at $560.28 yesterday and opened at $615.99 today. But the measure of Cook's success, and why he is the better man to run Apple, is much more than rising share price. It's really about performance.
Apple had an 'incredible quarter in China'
Today after the closing bell, Apple announced fiscal 2012 second quarter results, with earnings up a staggering 94 percent year over year. But one region -- and within it a single country -- stood out for performance and closed on the United States as Apple's most important market as measured by sales.
Apple revenue to Asia-Pacific rose a staggering 114 percent to $10.15 billion. That data excludes Japan, where sales soared 91 percent. By comparison, Americas revenue topped $13.2 billion, up 41 percent year over year. During the quarter, Asia-Pacific pushed past Europe to be Apple's second most important region, as measured by revenue. In that region, China rises above all other countries.
Apple Q2 2012 by the numbers: $39.2B revenue, net profit up 94%
Apple investors expressed their nervousness this week, following earnings reports from AT&T and Verizon. Carrier iPhones sales sagged from calendar fourth quarter -- and why should they not, considering the holidays and iPhone 4S launch. So the question for Apple today: How many iPhones sold during fiscal second quarter, and iPads, for that matter.
Apple shipped 5.2 million Macs, 11.8 million iPads and 35.1 million iPhones during the quarter. Analyst consensus was around 4 million, 11 million and 33.5 million, respectively. Number of iOS devices sold to date: 365 million.
Don't cry for me, iPhone
Mark April 16th on your calendars as a day to remember -- and not because your taxes are due tomorrow, Americans. The weeks ahead promise cool ways to spend your refunds (assuming the tax man giveth back to you). Some of the best smartphones will arrive this week, with a blockbuster announcement coming in 17 days -- from Nokia and Samsung and another Samsung but with a big dash of Google sprinkled in. And Apple? Aaaaaahnt! Sound the game show buzzer. LTE iPhone is nowhere to be seen.
Coming April 22nd are not one, but two tasty 4G treats. As previously announced, Nokia Lumia 900 Windows Phone comes to AT&T all decked out in white -- yours for 100 bucks. Meanwhile, announced today, for an extra C Note, Sprint subscribers can get Galaxy Nexus along with fat $50 credit to put in their Google Wallet; the only real Google phone comes to the only national carrier with unlimited data. Looking ahead, Samsung today dispatched invites for a splashy May 3rd launch event -- it's the next Galaxy phone, baby. Don't cry for me, iPhone!
Apple defends ebook price-fixing by calling Amazon a monopoly
Apple shot back at critics and the Justice Department late Thursday, denying claims that it colluded with publishers to keep the price of ebooks artificially high. Even more interesting? The Cupertino, Calif. company took a veiled shot at Amazon, saying its actions were necessary to break up the retailer's monopolistic grip on the industry.
These claims are interesting considering the same argument can be made against many of Apple's own key businesses. The Cupertino, Calif. company controls 70 percent of media downloads according to Nielsen, while Gartner says Apple's iPad holds 61 percent of the tablet market. The App Store makes a dollar for every 23 cents generated by Google Play, according to mobile advertising firm Flurry. By what measure is monopoly then?
Got the Flashback Trojan? OS X update removes it
I'd clap my hands and slap Apple on the back, but yesterday's Flashback fix took too long -- and lots of negative publicity with it -- coming. There shouldn't have to be an uproar, or massive Mac botnet, for Apple to get an urgent security fix out there. Technically, a fix released last week. This one goes further and does what many Mac users will need most: Malware removal.
Criticism aside, there is reason for praise. The update disables Java applets from running. If the user flips on the switch but no applets run for awhile, the capability is disabled again. Smart. Apple already takes a heavy hand to Adobe Flash in Safari. Disable all plug-ins by default, I say. Let people use them only if needed, and when not used for awhile bugger them.
Nokia could teach Apple a thing or two about customer service
It’s the biggest product launch of the year so far for Windows Phone and Nokia. The Lumia 900 went on sale April 8th and early reports suggest that sales are better than expected. They're nothing stellar but nevertheless some good news for a platform struggling to gain market share.
Earlier this week, I convinced my mother to purchase her first Windows Phone, the Cyan Lumia 900. Later that afternoon, I learned of a serious software bug causing devices to literally lose their data connections --an essential feature for any smartphone. So admittedly, I was pretty concerned. It turns out, I didn’t need to be.
With the states suing over ebook price fixing, Apple needs to surrender
Attorneys General in 16 states filed suit against Apple and three publishing companies Wednesday, following a similar suit filed this morning by the US Justice Department. Unlike the federal suit, the states action also looks for monetary compensation in addition to the end of the collusive agreements between Apple and the publishers.
Connecticut and Texas lead the action, and are joined by Attorneys General in Alaska, Arizona, Colorado, Illinois, Iowa, Maryland, Missouri, Ohio, Pennsylvania, South Dakota, Tennessee, Vermont and West Virginia and the Commonwealth of Puerto Rico.
DOJ accuses Apple, five publishers of colluding to fix ebook prices
In December 2010 I asked: "Is someone fixing ebook prices?" Google's digital bookstore opened for business, and I started comparing prices only to find them fairly consistent across all retailers. I expected to see huge variances, not pricing consistency, which shouldn't be in a competitive market but is systematic of one where businesses conspire to "fix" prices.
I wasn't alone wondering about this abnormal consistency. After weeks of rumors, today, the US Justice Department filed a lawsuit against Apple and five publishers. The antitrust enforcement agency accuses them of colluding to fix ebook prices, thus impeding competition and, more importantly, consumer choice.
Draw Nothing: Popular app opens up your Facebook to data theft
50 million people downloaded OMGPOP's Draw Something over the past two months, and it's at the top of the App Store charts. But for those of us who connected our Facebook accounts to the app, there's an even bigger problem: it stores a Facebook access token in plain text.
Want that in plain English? A hacker gets this little file, and he's got access to your private data.
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