22 Jul 2014

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Apple Reports Third Quarter Results

Apple today announced financial results for its fiscal 2014 third quarter ended June 28, 2014. The company posted quarterly revenue of $37.4 billion and quarterly net profit of $7.7 billion, or $1.28 per diluted share. These results compare to revenue of $35.3 billion and net profit of $6.9 billion, or $1.07 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 59 percent of the quarter's revenue. Apple's board of directors has declared a cash dividend of $.47 per share of the company's common stock. The dividend is payable on August 14, 2014, to shareholders of record as of the close of business on August 11, 2014. "Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters," said Tim Cook, Apple's CEO. "We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can't wait to introduce."

22 Jul 2014 8:54pm GMT

21 Jul 2014

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Apple Announces Eighth Annual iTunes Festival in London

Apple today announced that Maroon 5, Pharrell Williams, Beck, Sam Smith, Blondie, Kylie, David Guetta, 5 Seconds of Summer, Calvin Harris, Chrissie Hynde, and many more of the world's biggest artists will headline this year's iTunes Festival. Returning to the UK for an eighth year, the festival will feature over 60 acts throughout September at the legendary Roundhouse. Performances can be watched live or on-demand on iPhone, iPad, iPod touch, in iTunes on a computer, or in HD with Apple TV. "The iTunes Festival in London is back with another stunning line-up of world class performers and tremendous new acts," said Eddy Cue, Apple's senior vice president of Internet Software and Services. "These live shows capture the heart and soul of iTunes and we love bringing them to our customers in the Roundhouse, as well as to the millions of people watching all over the world for free."

21 Jul 2014 6:20pm GMT

“Alive Inside” Film Explores Power of Music to Restore Memory

Re/code writes about "Alive Inside," a documentary that chronicles the experiences of Alzheimer's patients who have been revitalized through music. The film follows social worker Dan Cohen, whose nonprofit works to bring iPods loaded with personalized playlists to elderly Alzheimer's and dementia patients across the U.S. Re/code describes a scene from the movie where a 94-year-old dementia patient comes alive with joy as soon as he hears a song from his youth. "I had goosebumps over my whole body when he was waking up. I had tears in my eyes," said filmmaker Michael Rossato-Bennett. "They say every artist only tells one story over and over again. If I had to tell my story, it's the finding of life where you think there is none."

21 Jul 2014 6:18pm GMT