iPhone 5 Sleep Button Replacement Program

iPhone 5 owners experiencing issues with their device’s sleep button can now get a free replacement from Apple.

On 4-25, Apple launched the iPhone 5 sleep/wake button replacement program. The Cupertino, Calif.-based tech giant admitted that a “small percentage” of iPhone 5 models have faulty sleep buttons - an issue folks have complained about on Apple’s support forum and elsewhere since the iPhone 5′s launch in late 2012 - so the company has decided to replace the troubled component for free, even if your iPhone 5 is out of warranty.

“Apple has determined that the sleep/wake button mechanism on a small percentage of iPhone 5 models may stop working or work intermittently,” reads the Apple replacement program webpage.

“Apple will replace the sleep/wake button mechanism, free of charge, on iPhone 5 models that exhibit this issue and have a qualifying serial number.”

iPhone 5 devices manufactured through March 2013 may be affected by this issue, said Apple. Typically, the button still clicks, but the device no longer registers the input.

To participate in the replacement program ..... Read the rest of the story HERE.

A direct link to Apple Support's web page for Sleep Button replacement is HERE.

Credit:
venturebeat.com

Apple Reports Second Quarter Results

Yesterday Apple® announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The Company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”

“We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter,” said Peter Oppenheimer, Apple’s CFO. “That brings cumulative payments under our capital return program to $66 billion.”

Apple is providing the following guidance for its fiscal 2014 third quarter:

• revenue between $36 billion and $38 billion
• gross margin between 37 percent and 38 percent
• operating expenses between $4.4 billion and $4.5 billion
• other income/(expense) of $200 million
• tax rate of 26.1 percent