Thursday, November 2, 2017

Apple Reports Fourth Quarter Results

Apple today announced financial results for its fiscal 2017 fourth quarter ended September 30, 2017. The Company posted quarterly revenue of $52.6 billion, an increase of 12 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.07, up 24 percent. International sales accounted for 62 percent of the quarter’s revenue.

“We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services,” said Tim Cook, Apple’s CEO. “With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device.

“Apple’s year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter,” said Luca Maestri, Apple’s CFO. “We also generated strong operating cash flow of $15.7 billion and returned $11 billion to investors through our capital return program.”

Apple is providing the following guidance for its fiscal 2018 first quarter:
  • revenue between $84 billion and $87 billion
  • gross margin between 38 percent and 38.5 percent
  • operating expenses between $7.65 billion and $7.75 billion
  • other income/(expense) of $600 million
  • tax rate of 25.5 percent

Apple’s board of directors has declared a cash dividend of $0.63 per share of the Company’s common stock. The dividend is payable on November 16, 2017 to shareholders of record as of the close of business on November 13, 2017.

Read the entire news release  > HERE.

Tuesday, October 24, 2017

iPhone X Available For Pre-order On Friday, 10-27

iPhone X, the future of the smartphone, featuring a revolutionary new design with a stunning all-screen display, wireless charging and an incredible rear camera with dual optical image stabilization, will be available to customers for pre-order on Friday, October 27, at 12:01AM PDT on apple.com and the Apple Store app.

iPhone X will be available in more than 55 countries and territories, and in Apple Stores beginning Friday, November 3 at 8:00AM local time. Stores will have iPhone X available for walk-in customers, who are encouraged to arrive early.

iPhone X features a gorgeous all-glass and stainless steel design with a beautiful 5.8-inch Super Retina display, A11 Bionic chip with neural engine for powerful machine learning, augmented reality and immersive 3D gaming experiences, wireless charging and Face ID, delivering an innovative and secure new way to unlock, authenticate and pay.

The TrueDepth camera that enables Face ID brings Portrait mode with Portrait Lighting to the front camera for beautiful selfies with a depth-of-field effect and enables Animoji, which captures and analyzes over 50 different facial muscle movements to bring emoji to life in a fun new way.

A redesigned rear camera with dual optical image stabilization includes a new color filter, deeper pixels, an improved Apple-designed image signal processor and features Portrait mode with Portrait Lighting allowing customers to capture stunning photos and videos.

The all-glass front and back on iPhone X feature the most durable glass ever in a smartphone in two beautiful finishes, silver and space gray.

Read about pricing and availability  > HERE.

Monday, September 25, 2017

macOS High Sierra Now Available As A Free Update

Apple today announced macOS High Sierra, the latest release of the world’s most advanced desktop operating system, is now available as a free update.

With macOS High Sierra, Mac users gain powerful new core storage, video and graphics technologies. A new file system ensures more efficient and reliable storage, and support for High-Efficiency Video Coding (HEVC) brings stunning 4K video at lower file sizes. Metal 2 powers virtual reality content creation, faster performance and more. The Core ML developer framework makes it easy to create apps with powerful machine learning that predict, learn and become more intelligent. macOS High Sierra also includes a number of refinements to the apps Mac users enjoy everyday, including Photos and Safari.

“macOS High Sierra is an important update that makes the Mac more capable and responsive, while laying the foundation for future innovations,” said Craig Federighi, Apple’s senior vice president of Software Engineering. “High Sierra introduces new technologies for VR, high-efficiency video streaming, advances in storage technology and more, while apps such as Photos, Safari, Mail and Notes are refined to give users even more reasons to love their Mac.”

Read the entire news release, complete with images  > HERE.

Monday, September 18, 2017

iOS 11 Is Available Tomorrow

Starting Tuesday, 9-19, iPhone and iPad customers around the world will be able to update their devices to iOS 11, a major update to the world’s most advanced mobile operating system and the biggest software release ever for iPad. iOS 11 brings augmented reality to hundreds of millions of iOS devices and new professional capabilities improve images in Photos and Camera. Siri is more natural and useful and a redesigned App Store makes it easier to discover apps and games.

iPad Becomes Even More Powerful

The all-new Dock provides quick access to favorite and frequently used apps and documents from any screen and makes it easier to work with multiple apps with Split View and now Slide Over. Drag and Drop makes moving images, text and files between apps easier than ever using Multi-Touch. And Apple Pencil is more deeply integrated into iPad Pro with support for inline drawing and a new Instant Notes feature that opens Notes from the Lock Screen by simply tapping Apple Pencil on the display.

The all-new Files app provides a central place to access and organize files no matter where they are located - on iPad or in the cloud with built-in support for iCloud Drive as well as providers, such as Box, Dropbox and others.

Read the entire news release, complete with images  > HERE.
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