Apple reports $57.6B revenue for Q1 2014: 51M iPhones, 26m iPads, 4.8m Macs, 6m iPods

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As expected, Apple just announced its fiscal year 2014 first quarter results for the all-important holiday quarter. It’s Q3 report only included less than a month of sales for the new iPhone 5s, 5c and revamped MacBooks, making today’s report the first to include a full three-month period of sales for the new devices on top of the expected boost in revenue leading into the holidays. It’s also the first report since Apple shipped the new Retina iPad miniiPad Air, and Mac Pro.

Apple reported record quarterly revenue of $57.6 billion, which lands between its guidance for the quarter of $55-$58B and estimates by analysts averaging approximately $58.1B. It also reported net quarterly profit of $13.1 billion, or $14.50 per diluted share. Those numbers compare to the revenue of $54.5 billion and net profit of $13.1 billion reported in the same quarter last year.

Break down of device sales for Q1 2014 include 51 million iPhones, 26 million iPads (both all-time quarterly highs), 6 million iPods and 4.8 million Macs. Prior to today’s report the consensus from an average of analyst estimates predicted Apple would sell approximately 55M iPhones25M iPads, and4.6M Macs.

“We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services,” said Tim Cook, Apple’s CEO. “We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better.”

Apple’s press release also notes that the board has decided on a dividend of $3.05 per share payable to shareholders on February 13, 2014. “We generated $22.7 billion in cash flow from operations and returned an additional $7.7 billion in cash to shareholders through dividends and share repurchases during the December quarter, bringing cumulative payments under our capital return program to over $43 billion,” said Peter Oppenheimer, Apple’s CFO.

 

Apple is providing guidance of $42 – $44 billion for next quarter. Apple executives will be holding a conference all at 2:00 p.m. PST/5:00 p.m. EST to discuss the results of its FY14 first quarter report and likely take questions from press.

 

Apple Reports First Quarter Results

iPhone and iPad Sales Drive Record Revenue and Operating Profit

CUPERTINO, Calif.–(BUSINESS WIRE)–Apple® today announced financial results for its fiscal 2014 first quarter ended December 28, 2013. The Company posted record quarterly revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share. These results compare to revenue of $54.5 billion and net profit of $13.1 billion, or $13.81 per diluted share, in the year-ago quarter. Gross margin was 37.9 percent compared to 38.6 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

“We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better.”

The Company sold 51 million iPhones, an all-time quarterly record, compared to 47.8 million in the year-ago quarter. Apple also sold 26 million iPads during the quarter, also an all-time quarterly record, compared to 22.9 million in the year-ago quarter. The Company sold 4.8 million Macs, compared to 4.1 million in the year-ago quarter.

Apple’s Board of Directors has declared a cash dividend of $3.05 per share of the Company’s common stock. The dividend is payable on February 13, 2014, to shareholders of record as of the close of business on February 10, 2014.

“We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services,” said Tim Cook, Apple’s CEO. “We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better.”

“We generated $22.7 billion in cash flow from operations and returned an additional $7.7 billion in cash to shareholders through dividends and share repurchases during the December quarter, bringing cumulative payments under our capital return program to over $43 billion,” said Peter Oppenheimer, Apple’s CFO.

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

• revenue between $42 billion and $44 billion

• gross margin between 37 percent and 38 percent

• operating expenses between $4.3 billion and $4.4 billion

• other income/(expense) of $200 million

• tax rate of 26.2 percent

Apple will provide live streaming of its Q1 2014 financial results conference call beginning at 2:00 p.m. PST on January 27, 2014 at www.apple.com/quicktime/qtv/earningsq114. This webcast will also be available for replay for approximately two weeks thereafter.

H.H. Gregg begins offering in-store pickup for Apple devices, celebrates by discounting iPad Air up to $60

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Regional consumer electronics/home appliance retailer H.H. Gregg has just announced that it will be offering in-store pickup of Apple devices for the first time ever.

“With the addition of ordering Apple products to our site, our mobile phone and tablet product offering is now more expansive than ever on hhgregg.com, adding more choice and convenience for our customers,” said Jeff Pearson, senior vice president of marketing for h.h. gregg. “Now, customers can order online and easily and conveniently pick up Apple products in-store without waiting at a checkout.”

Now, this may not be earth-shattering news since major retailers like Best Buy and Apple have been doing this for years, but to mark this milestone H.H. Gregg will be offering sizable discounts on some of Apple’s most popular products.

From now until February 1, customers can save $40 on a 32GB WiFi iPad Air ($559.99) and $60 on a 64GB model ($639.99). Notably omitted from the press release but showing online is a $40 discount on the entry-level 16GB WiFi iPad model ($459.99). The first generation iPad mini will also be offered with a modest discount of $20.

H.H. Gregg has 228 retail locations with its highest concentration being in the Midwest/East Coast. Head over to hhgregg.com to locate your nearest store and pick up a discounted iPad.

full story: http://9to5mac.com/2014/01/20/h-h-gregg-begins-offering-in-store-pickup-for-apple-devices-celebrates-by-discounting-ipad-air-up-to-60/

Lightroom reportedly coming to iPad with $99 yearly subscription

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Lightroom for iPad

photo: 9to5Mac

SUMMARY: A mobile version of the photo editing suite appeared briefly on Adobe’s site sporting a $99 annual price tag.

 

Photo editing for the iPad is about to get a whole lot better, according to a report that Adobe’s Lightroom editing suite is set to debut on iOS. 9to5Mac spotted references to a mobile version of Lightroom on Adobe’s website, and was told by a representative that the software is built for iPad.

lightroom 5

According to the report, Lightroom for iPad will be able to sync with other devices like a Mac or PC via Adobe’s Creative Cloud system. This means you won’t have to store extremely large RAW image files on your iPad. Instead you’ll be able to use the iPad to do your editing, then sync the file back to your computer or store it in the cloud. This won’t come cheap, however. It looks Adobe will be charging a $99 yearly access fee.

I’m curious to see just how closely a mobile version of Lightroom aligns with the desktop software, if Adobe is in fact releasing it at all. $99 annually is a pretty steep price, but if the iPad app can adequately replicate the experience you get on the desktop, it could be a good fit for professional photographers that travel often.

full story: http://gigaom.com/2014/01/20/lightroom-reportedly-coming-to-ipad-with-99-yearly-subscription/

Moment lenses are the latest attempt to make your smartphone’s camera better

By Dan Seifert

Moment lens for smartphones

Smartphone have essentially changed photography as we know it. The always-with-us devices have enabled more people to take more photos than ever before. The top four most popular cameras on Flickr bear this out: they are all iPhones. But as popular as smartphones are for taking pictures, they are saddled with a variety of limitations, including fixed focal length lenses. Subsequently, an entire industry of accessory lenses has cropped up, all of which aim to expand upon or improve your smartphone’s camera.

Moment is the latest company to attempt this feat, and its wide-angle and telephoto lenses are designed to complement an iPhone’s, iPad’s, or Samsung Galaxy’s built-in camera lens. Launching on Kickstarter today, the company has the backing of Marc Barros, formerly of Contour Camera, a company that produced GoPro-like action cameras.

 

The wide-angle Moment lens offers an 18mm field of view, while the telephoto version provides a 70mm field of view (an iPhone’s typical field of view is about 32mm). Both are constructed of machined metal and glass, as opposed to plastic, and are designed to feel like the premium lenses you might use with a high-end still camera. Moment promises that the lenses are made to exacting standards that minimize distortion and chromatic aberration.

Moment_platforms3

To get the lenses attached to your phone, Moment is providing mounts compatible with the Apple iPhone 4S, iPhone 5, iPhone 5S, iPhone 5C, iPad 2, iPad 3, iPad 4, and Samsung Galaxy S2, Galaxy S3, and Galaxy S4. The mount is a thin metal plate, which lets you screw the lens onto the back of the phone, much like you would mount a lens onto a DSLR. Moment says that the mount works with or without a case, and emphasizes that the lenses are fast to attach and easy to use.

Moment isn’t the only third-party lens you can get for your smartphone — Olloclip has been making similar accessories for years. But the company hopes that its emphasis on build quality and image quality will enable it to win over some of the more dedicated smartphone shooters. Interested buyers can back the project on Kickstarter starting today, with shipments expected to begin in May or June of this year. The company is looking to raise $50,000 to support its efforts, and backers that pledge $49 or more will receive either a wide-angle or telephoto lens, while a $99 pledge earns both versions.

SOURCE MOMENT
full story: http://www.theverge.com/2014/1/14/5305940/moment-lenses-smartphone-camera-iphone-galaxy-kickstarter

Apple Has A New, Super Serious Ad For The iPad That Premiered During NFL Games And The Golden Globes

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During this afternoon’s football game, Apple debuted a new iPad ad. (It also aired during the Golden Globes.)

The ad has an excerpt of Robin Williams from Dead Poets Society talking about poetry, and life.

Here, via Re/Code is the transcript of what Williams says:

We don’t read and write poetry because it’s cute. We read and write poetry because we are members of the human race. And the human race is filled with passion. And medicine, law, business, engineering — these are noble pursuits and necessary to sustain life. But poetry, beauty, romance, love — these are what we stay alive for.

To quote from Whitman,

“O me, O life of the questions of these recurring.
Of the endless trains of the faithless. Of cities filled with the foolish. What good amid these, O me, O life?
Answer: that you are here. That life exists and identity. That the powerful play goes on, and you may contribute a verse.”

“That the powerful play goes on, and you may contribute a verse.”

What will your verse be?

It fits with the company’s latest theme of very serious advertising. There was that dramatic Christmas ad where the kid is secretly making a video about the family. Before that the ad about “Apple’s signature.” And now this one about all the iPad does.

It’s pretty good at showing how the iPad is changing the world, but personally, I think it’s a little overdone. Update: Upon a second, third viewing I’m changing my mind. I like it more, it stands out from the crowd. Not sure how it will resonate with everyone else, but I like it now.

What about you?

Here’s the ad:

Read more: http://www.businessinsider.com/new-apple-ipad-ad-2014-1#ixzz2qGB4EekJ

Sunrise’s beautiful calendar goes big on iPad, adds background updates

By Josh Lowensohn

sunrise for ipad

Popular social calendar app Sunrise is now available for iPads as part of a free update that went out today. Now a universal app, Sunrise has a new week view, along with background updates to keep whatever’s on your schedule up to date. The new week view is actually just three days on the similarly updated iPhone version, something that shows all your events by the hour. iPad users get a fuller view of the entire month or seven-day week. Sunrise also changed its logo from a flat calendar view to a red-orange sun coming up.

SEE THE WHOLE MONTH AT ONCE

The update is the biggest for Sunrise since the company launched version 2.0 back in October, adopting a flat design to match Apple’s iOS 7. As we’ve written about before, the app is more useful than many other calendar tools, letting you send texts and e-mails right from any event while grabbing all sorts of data from services like LinkedIn, Google Calendar, and Facebook.

full story: http://www.theverge.com/2014/1/9/5291926/sunrises-beautiful-calendar-goes-big-on-ipad-adds-background-updates

VersaKeyboard: ‘The First Disappearing iPad Keyboard’

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I’m not that frequent a user of iPad keyboard cases, but I have to say this one looks great. It’s called theVersaKeyboard and it’s touted as ‘the first disappearing iPad keyboard’.

If it’s even near as good as the promo video then it’s going to be a heck of a good iPad keyboard case. I’m also optimistic about it because it’s from Moshi, makers of one of my all-time favorite and most heavily used iPad cases – the VersaCover.

Here’s a few of the key features of the VersaKeyboard:

  • Detachable Bluetooth keyboard with 130 hours of battery life and LED power indicator.
  • Folding VersaCover doubles as a stand in portrait and landscape modes.
  • Ultra-thin and lightweight design at 13.4 ounces (380 grams).
  • Durable polycarbonate shell includes convenient keyboard slot.
  • Support for iPad auto-wake and sleep functionality.

It’s compatible with the iPad Air (I hope we’ll see one for the Retina iPad mini soon) and priced at $100.

You can see more detail and place an order at the VersaKeyboard product page at Moshi.

full story: http://ipadinsight.com/ipad-accessories/versakeyboard-the-first-disappearing-ipad-keyboard/