Apple Reports Record Sales, But Flat Profits

Apple Reports Record Sales, But Flat Profits

By Steve Smith On Jan 24 2013 - 11:00am

Apple


Cupertino, Calif. – Apple reported $54.5 billion in quarterly revenue and a net profit of $13.1 billion in its fiscal first quarter ended December 29, 2012, but that didn’t seem like enough for Wall Street.

While revenue was a quarterly record topping the prior year’s first quarter revenue of $46.3 billion and net profit last year was the same as this year’s opening quarter - $13.1 billion Apple’s stock price sank in early trading.

 

Connect

 

PHOTOS

Enjoy the greatest pictures taken from famous shows and events this year.

Current Issue

Apple Devices Get Access To Amazon MP3 Store

Apple Devices Get Access To Amazon MP3 Store

By Joseph Palenchar On Jan 17 2013 - 12:38pm




Seattle – Consumers can now use an iPod Touch or iPhone to purchase music from Amazon’s MP3 store, Amazon announced.

IFI Debuts Smart Tag Security Device

IFI Debuts Smart Tag Security Device

TWICE Staff On Jan 15 2013 - 3:53pm

The IFI Smart Tag T 4.0
The IFI Smart Tag T 4.0


Charlotte, N.C. - IFI Systems, launched the IFI Smart Tag during International CES last week that helps secure personal items against loss or theft.

IFI Smart Tag version T 4.0 connects with Apple iPhone 4s and 5, iPad 3 and iPad mini to secure personal items and works with the free ‘I Found It’ Phone app available on the App store website, the company said.

Apple iPhone Takes Top U.S. Smartphone Share: Survey

Apple iPhone Takes Top U.S. Smartphone Share: Survey

By Joseph Palenchar On Dec 21 2012 - 10:38am

apple


London, U.K. – Apple is having a very Merry Christmas, but carriers might not be.

Thanks to the iPhone 5, Apple’s share of U.S. smartphone sales to consumers have surged and exceeded 50 percent for the first during the 12 weeks ending Nov. 25, according to a survey conducted by Kantar Worldpanel ComTech. The research company expects Apple to make further gains in December.

Apple’s gains are expensive for the carriers, who subsidize the iPhone more heavily than other smartphones.

T-Mobile, Apple In Agreement

T-Mobile, Apple In Agreement

By Joseph Palenchar On Dec 6 2012 - 2:17pm

iphone 5, apple


Bonn, Germany — T-Mobile USA has entered into an agreement with Apple to bring products to market together in 2013, T-Mobile parent Deutsche Telekom announced.

T-Mobile, which is losing subscribers, is the only national carrier not offering the iPhone or iPad.

Deutsche Telekom didn’t say whether an iPhone or an iPad would be offered, but details of the agreement with Apple might be forthcoming today at Deutsche Telekom’s annual investors’ conference.

Mobile Phone Sales Dip 3%

Mobile Phone Sales Dip 3%

By Doug Olenick On Nov 16 2012 - 10:36am

smartphones


Egham, U.K. – Worldwide mobile sales edged down slightly in the third quarter, but the smartphone segment saw an almost 50 percent increase.

The research firm Gartner latest report had overall worldwide mobile phones sales dipping 3.1 percent, but smartphone flying off shelves to boost sales 46.9 percent. Smartphone sales accounted for 39.6 percent of all mobile phone sales for the quarter.

Samsung Galaxy S III Tops In Smartphone Share

Samsung Galaxy S III Tops In Smartphone Share

By Joseph Palenchar On Nov 8 2012 - 10:47am




Boston – Samsung’s Galaxy S III overtook the iPhone 4 as the world’s best-selling smartphone in the third quarter, but the honor won’t last for long because of the strength of the recently launched iPhone 5, Strategy Analytics said.

Study: Fewer iPhone Users Will Buy Again

Study: Fewer iPhone Users Will Buy Again

By Joseph Palenchar On Nov 1 2012 - 1:47pm

The percentage of U.S. iPhone owners who will replace their current iPhone with
The percentage of U.S. iPhone owners who will replace their current iPhone with another iPhone slipped from 93 percent in 2011 to 88 percent in the latest survey.


Boston – The number of iPhone users who said they will probably or definitely buy another iPhone declined for the first time since the iPhone’s 2007 launch, Strategy Analytics said.

The decline was more marked in Western Europe than in the U.S.

PIE Readies Car OEM-Integration Kits For iPhone 5

PIE Readies Car OEM-Integration Kits For iPhone 5

Joseph Palenchar On Oct 26 2012 - 2:39pm




Canoga Park, Calif. — Precision Interface Electronics (PIE) will go to next week’s Specialty Equipment Market Association (SEMA) show to demonstrate OEM-interface technology compatible with the iPhone 5 and other Apple mobile devices equipped with the new eight-pin Lightning connector.

PIE said it expects to deploy the technology in a variety of new products in the coming year.

The technology is designed to be compatible with the iPhone 5, fourth-generation iPad, iPad Mini, and the latest iPod Touch and Nano. All come with a Lightning connector.

Apple Sells 27 Million iPhones In Qtr.

Apple Sells 27 Million iPhones In Qtr.

TWICE Staff On Oct 25 2012 - 5:06pm




Cupertino, Calif. — Apple said revenue was up for its fiscal 2012 fourth quarter, ended Sept. 29.

 The company posted quarterly revenue of $36 billion and quarterly net profit of $8.2 billion, compared with the prior-year period’s $28.3 billion and $6.6 billion, respectively.  

For the quarter, Apple said it sold 26.9 million iPhones (58 percent growth) 14 million iPads (26 percent unit increase) 4.9 million Macs (1 percent unit increase), and 5.3 million iPods (19 percent unit decline).