20 Oct 2014

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Apple Reports Fourth-Quarter Results

Apple has announced financial results for its fiscal 2014 fourth quarter ended September 27, 2014. The company posted quarterly revenue of $42.1 billion and quarterly net profit of $8.5 billion, or $1.42 per diluted share. These results compare to revenue of $37.5 billion and net profit of $7.5 billion, or $1.18 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 37 percent in the year-ago quarter. International sales accounted for 60 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 November 13, 2014, to shareholders of record as of the close of business on November 10, 2014. "Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," said Tim Cook, Apple's CEO. "With amazing innovations in our new iPhones, iPads, and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple's strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015."

20 Oct 2014 9:22pm GMT

16 Oct 2014

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Apple Introduces iPad Air 2 and iPad mini 3

Apple has introduced iPad Air 2, the thinnest and most powerful iPad ever. The new iPad features an improved Retina display for enhanced contrast and richer, more vibrant colors, and better cameras for taking stunning photos and videos. Available in gold, silver, and space gray, iPad Air 2 and the new iPad mini 3 offer Touch ID and - in the U.S. - Apple Pay. "iPad is a magical piece of glass that runs more than 675,000 apps specifically designed for it, and is thin and light enough that you can comfortably hold it all day; the new iPad Air 2 is packed with amazing new innovations, weighs less than a pound, and at just 6.1 mm is the thinnest tablet in the world," said Philip Schiller, Apple's senior vice president of Worldwide Marketing. "iPad Air 2 has a new Retina display with anti-reflective coating, second generation 64-bit A8X chip, all-new iSight and FaceTime HD cameras, faster Wi-Fi and LTE wireless, and includes the revolutionary Touch ID fingerprint identity sensor."

16 Oct 2014 9:04pm GMT

Apple Pay Set to Transform Mobile Payments Starting October 20

Apple has announced that customers can start making payments with the touch of a finger on October 20, when Apple Pay becomes available in the U.S. Apple Pay offers an easy, secure, and private way to pay using Touch ID on iPhone 6 and iPhone 6 Plus in stores and within apps. Users of the just-announced iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8. "Our team has worked incredibly hard to make Apple Pay private and secure, with the simplicity of a single touch of your finger," said Eddy Cue, Apple's senior vice president of Internet Software and Services. "The reaction to Apple Pay has been amazing. We continue to add more Apple Pay-ready banks, credit card companies, and merchants, and think our users will love paying with Apple Pay."

16 Oct 2014 8:59pm GMT