Apple reported revenues for the June quarter of $49.6 billion on Thursday, with earnings of $10.7 billion, or $1.85 earnings per share (EPS). The results exceeded Apple's own guidance and consensus estimates from Wall Street, and it was fueled by record third quarter sales of both Mac (4.8 million) and iPhone (47.5 million), all-time high revenue from services, and what Apple called "the successful launch of Apple Watch."
Apple's third fiscal quarter earnings report is set to start at 5PM eastern time this afternoon. Analysts will be watching the numbers closely to see how many iPhones and iPads Apple sold, and are hoping to coax Apple Watch sales figures out of the company, too. The Mac Observer will be following Apple's announcements as they happen, so be sure to check in with us this afternoon for the latest earnings report news and analysis.
How many Apple Watches were sold during Apple's third fiscal quarter? That depends on which analyst you ask: it could be as low as 2.85 million, or as high as 5.7 million. They're all hoping to have a better idea just how many Apple Watches made it onto consumer's wrists, but unless Apple decides to specifically state how many were sold—which most likely won't happen—those analysts will have to try to extrapolate an answer based on the company's other numbers.
Apple on Friday officially scheduled its quarterly conference call with analysts for Tuesday, July 21st, at 5:00 PM EDT, 2:00 PM PDT. The company will be taking questions about its June quarter performance, and Wall Street appears optimistic at what the company will announce.
Apple released GarageBand 10.1 for OS X Yosemite on Tuesday, as well as GarageBand 2.0.7 for iOS 8. Both updates add support for Apple Music Connect, allowing artists to upload content directly to Connect. The Mac version also adds ten new drummers, new patches, 1,000 new Apple Loops, support for Force Touch trackpad (which is currently only available on Apple's new MacBook), and more.
Apple on Monday scheduled its fiscal 3rd quarter earnings announcement for July 21st. The company will release its earnings report after the closing bell, and then hold its conference call with analysts at 5:00 PM EDT/2:00 PM PDT. Apple will stream that call to the public.
Activist investor Carl Icahn stepped up his pressure on Apple and company CEO Tim Cook to increase share buybacks. In an open letter designed as much to influence investors as Apple's management, Mr. Icahn made the argument that Apple's stock is worth US$240 share today based on his believe that Apple will dominate the television market in 2016 and the automobile industry by 2020. Bryan Chaffin walks you through the pretinents.
Apple Watch inventory may be severely limited right now, but that won't stop it from becoming the best selling new device in the company's history. Cantor Fitzgerald analyst Brian White thinks Apple Watch will outpace all other new product launches, and he says Apple is innovating on a scale unlike anything it's done before.
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Brian White says Apple Watch will be the company's most successful product launch ever, and he thinks their current innovation streak could lead to personal robots. Please, oh please, let that come true.
Shares of Apple Inc. traded higher in the after hours market, as investors voted with their dollars on the company's second quarter results. $AAPL was trading at $134.40 per share, a gain of $1.75 (+1.32 percent), as of this writing.
Apple announced Monday a significant increase to its shareholder capital return program to a cumulative total of $200 billion. The company is increasing its share repurchase program by $50 billion, while its dividends will be increased 11 percent to $0.52 per share.
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