Apple Posts Record June Quarter and 20% EPS Growth [Update]

4:35 PM, Jul. 22nd, 2014 · · News

$AAPL

Apple announced results for its third fiscal quarter Tuesday, reporting record revenue of US$37.4 billion, with earnings of $7.7 billion (earning per share (EPS) of $1.28 per share). Apple said its EPS growth was 20 percent year-over-year, its highest rate of EPS growth in the last seven quarters. iPhone and Mac sales drove growth.

Petition Demands Samsung Improve Factory Conditions, 40K Signatures

2:21 PM, Jul. 22nd, 2014 · · News

Working Conditions

A petition at The Petition Site is being circulated that demands Samsung improve working conditions at its Chinese factories. The petition targets Boo-Keun Yoon, CEO of the Samsung Group, and accuses the company of operating or contracting with scores of factories that have unsafe working conditions. 40,000 people have signed the petition so far.

Netflix Adds Post-Play Feature to Apple TV

9:50 AM, Jul. 22nd, 2014 · · News

Netflix's Post-Play feature arrived on Apple TV on Monday without any fanfare, making it even easier to stay on the couch and watch your favorite shows. Post-Play automatically starts the next episode in a series a few seconds after the one you're currently watching wraps up.

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It's far too easy to keep watching shows with Post-Play enabled, so you better have a comfy couch.

Apple Reportedly Orders 70-80 Million Large Screen iPhones for Q4

8:44 PM, Jul. 21st, 2014 · · News

$AAPL

Apple has ordered between 70 and 80 million next-generation iPhones for delivery by December 30th, according to unnamed sources cited by The Wall Street Journal. The orders are for a mix of 4.7-inch and 5.5-inch iPhones, which has been dubbed iPhone 6 in the media. If true, it would be a record number of iPhone units for any quarter, well above the 51 million iPhone record holiday quarter in 2013.

Apple Faces Patent Infringement Lawsuit over iPhone 5 Speech Recognition

10:16 AM, Jul. 21st, 2014 · · News

The patent holding company Cedatech Holdings hit Apple with a lawsuit last week alleging the iPhone 5's speech recognition technology infringes on a patent it owns. The company filed its lawsuit in Federal Court in the Eastern District in Texas -- a court known for favoring patent trolls -- and the case's wording makes it clear Cedatech can't even keep up on who it is suing.

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If you're suing several companies for patent infringement the least you can do is get their names right in your boilerplate filings.

Apple’s 2014 London iTunes Festival to Include Maroon 5, Pharrell Williams

9:01 AM, Jul. 21st, 2014 · · News

Apple's annual iTunes Festival is set for September and once again will take place in London with performances from Maroon 5, Beck, Pharrell Williams, and more. The annual event includes 30 days of free concerts from big name artists at the Roundhouse with tickets for each event given out through a lottery system.

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iTunes Festival is always a great event, so if you'll be in London in September be sure to sign up for the ticket lottery.

EU Pushes Apple, Google to Drop “Free” from Games with In-app Purchases

10:55 AM, Jul. 18th, 2014 · · News

The European Union's European Commission thinks free games with in-app purchases shouldn't be called "free," and has been pushing Apple and Google to change how they represent those apps to buyers. Google has capitulated, and now the EU is calling out Apple for failing to take action, although Apple thinks it's already doing more than other companies to keep consumers well informed.

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This comes down to the EU saying free isn't really free if in-app purchases are available. Apple seems to disagree, so now we get to sit back and watch to see who blinks first.

Amazon Moves to Own More of the Ebook Market with Kindle Unlimited

10:15 AM, Jul. 18th, 2014 · · News

Amazon officially announced its Kindle Unlimited ebook and audio book subscription service on Friday, and in the process reaffirmed its plan to own as much of the book market as it can. Kindle Unlimited is a US$9.99 a month subscription that gives users unlimited access to 600,000 ebooks and several thousand audio books on their Kindle, or in the Kindle app for the iPhone, iPad, and Mac.

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Charging $9.99 a month for as many ebooks as you can read is a business model other retailers simply won't be able to compete against. If you read even two books a month it'll be more economical to subscribe than it would be to buy the titles anywhere else.