Breaking: Huge executive shakeup at Apple. Browett out now, Forstall leaving in 2013
Breaking news: Apple has just announced a major shakeup of its executive leadership. Scott Forstall (Senior VP of iOS Software) and John Browett (Senior VP, Retail) will be leaving the company -- Browett immediately, Forstall in 2013. Forstall will serve as an advisor to CEO Tim Cook in the interim.
Under this reorganization, Jony Ive, Bob Mansfield, Eddy Cue and Craig Federighi will add more responsibilities to their roles. The press release follows below.
Developing...
Jony Ive, Bob Mansfield, Eddy Cue and Craig Federighi Add Responsibilities to Their Roles
CUPERTINO, California-October 29, 2012-Apple(R) today announced executive management changes that will encourage even more collaboration between the Company's world-class hardware, software and services teams. As part of these changes, Jony Ive, Bob Mansfield, Eddy Cue and Craig Federighi will add more responsibilities to their roles. Apple also announced that Scott Forstall will be leaving Apple next year and will serve as an advisor to CEO Tim Cook in the interim.
"We are in one of the most prolific periods of innovation and new products in Apple's history," said Tim Cook, Apple's CEO. "The amazing products that we've introduced in September and October, iPhone 5, iOS 6, iPad mini, iPad, iMac, MacBook Pro, iPod touch, iPod nano and many of our applications, could only have been created at Apple and are the direct result of our relentless focus on tightly integrating world-class hardware, software and services."
Jony Ive will provide leadership and direction for Human Interface (HI) across the company in addition to his role as the leader of Industrial Design. His incredible design aesthetic has been the driving force behind the look and feel of Apple's products for more than a decade.
Eddy Cue will take on the additional responsibility of Siri(R) and Maps, placing all of our online services in one group. This organization has overseen major successes such as the iTunes Store(R), the App Store℠, the iBookstore℠ and iCloud(R). This group has an excellent track record of building and strengthening Apple's online services to meet and exceed the high expectations of our customers.
Craig Federighi will lead both iOS and OS X(R). Apple has the most advanced mobile and desktop operating systems, and this move brings together the OS teams to make it even easier to deliver the best technology and user experience innovations to both platforms.
Bob Mansfield will lead a new group, Technologies, which combines all of Apple's wireless teams across the company in one organization, fostering innovation in this area at an even higher level. This organization will also include the semiconductor teams, who have ambitious plans for the future.
Additionally, John Browett is leaving Apple. A search for a new head of Retail is underway and in the interim, the Retail team will report directly to Tim Cook. Apple's Retail organization has an incredibly strong network of leaders at the store and regional level who will continue the excellent work that has been done over the past decade to revolutionize retailing with unique, innovative services for customers.
Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.
Breaking: Huge executive shakeup at Apple. Browett out now, Forstall leaving in 2013 originally appeared on TUAW - The Unofficial Apple Weblog on Mon, 29 Oct 2012 17:14:00 EST. Please see our terms for use of feeds.
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Mapping Scott Forstall’s departure from Apple
When Apple announced earlier today that -- along with several executive leadership changes -- Senior Vice President of iOS Software Scott Forstall would be leaving the company in 2013, theories began to fly from every corner of the web. (Some on our team began to suspect changes afoot when Forstall didn't have any onstage presence at last week's iPad mini event, though he did appear in the audience -- seated near former Apple software exec Bertrand Serlet.)
In this case, however, there isn't a terrible amount of digging that needs to be done to reach the conclusion that Forstall simply isn't a good fit for Apple right now, and he made Tim Cook's decision to part ways a lot easier by shooting himself and iOS 6 in the foot.
On the most basic level, Forstall's design philosophy doesn't fall perfectly in line with the rest of Apple. Where hardware guru Jony Ive sees sleek and simple lines, Forstall sees overly ornate virtual bookshelves, a ludicrously detailed digital notebook, and other skeuomorphic touches that were the trademark of the Steve Jobs era. In Cook's quest to make Apple his own, keeping Forstall around probably wasn't helping matters.
You need only look as far as Forstall's immediate successor to confirm this notion: None other than Jony Ive will now "provide leadership" on both the hardware and software sides of the design coin from here on out. "His incredible design aesthetic has been the driving force behind the look and feel of Apple's products for more than a decade," boasts the official press release. Indeed.
But if you're Tim Cook, you can't just up and fire a guy who has worked so hard to help make iOS the success that it is. Well, you could, but it's a lot easier if the person in question manages to really, really disappoint not only you, but millions of customers all at once. Enter Apple Maps.
With Apple Maps in iOS 6, Forstall did two things. First, he pissed off plenty of loyal Apple devotees. And second, he gave Cook a very good reason to say goodbye. Fortune's Adam Lashinksy suggests that the Maps fingerpointing within Apple got to the point where Forstall refused to sign a letter apologizing for dropping the ball (although Jim Dalrymple is throwing some cold water on that). As an employee, that's not the kind of decision that keeps you in the inner circle.
It may seem rash, but remember, Apple Maps was so poorly executed that Cook himself had to apologize to Apple's entire customer base. The CEO of Apple had to write a letter suggesting that iPhone and iPad owners download the Bing app or even bookmark Google Maps on their mobile web browsers while the company figures out how to fix its own maps data. That's not something to be taken lightly, and Cook clearly wasn't willing to be put in that situation ever again.
For all the good Forstall has done for the company, including his work on OS X, shaping iOS over the years, and introducing us to Siri (whether you like her or not), completely fumbling one of the most important functions of the company's mobile operating system would be enough to get anyone the axe. Add to that an attitude about design that just didn't fit what the company was trying to accomplish, and there's really no mystery as to why Forstall is now on his way out.
Mapping Scott Forstall's departure from Apple originally appeared on TUAW - The Unofficial Apple Weblog on Mon, 29 Oct 2012 21:40:00 EST. Please see our terms for use of feeds.
Apps and tips for coping with Hurricane Sandy
All of us in the northeast US (which includes myself and TUAW colleagues Megan Lavey-Heaton, Dave Caolo and Kelly Hodgkins) are keeping a wary weather eye on the approaching maelstrom that is Hurricane Sandy. While we continue to hope for minimal impacts to life and property, it's overwhelmingly likely that millions of people will be facing days or weeks of power outages, constrained transportation and other serious challenges.
As we noted last year with the approach of Irene, there are several apps and simple tips that can help keep you safe and secure in emergent conditions. Of course, the most important advice is also pretty simple: follow the instructions of local authorities with regard to evacuations, road closures and travel restrictions.
On the app front, the big kahuna is Hurricane HD from Kitty Code, which provides up-to-the-minute storm tracking detail. It's a paid app that tracks all named storms in the Atlantic and Pacific; given that it's the tail end of the season, mostly what you'll get from it post-Sandy is historical info until next time around. True weather nerds may prefer to pick up Base Velocity's RadarScope, which delivers high-resolution radar data from around the US to your Mac or iPad. Also on your Mac, Zipline puts an RSS ticker of weather data on your desktop for immediate alerts. (Base Velocity's development partner WDT makes the handy iMap Weather Radio app, which delivers location-specific weather alerts for thunderstorms and other hazards.)
Our in-house weather maven Mel Martin recommends CaneCast as an alternative to Hurricane HD, with similar storm tracking and warning alert capabilities. Mel also likes Emergency Radio Free, which provides thousands of live feeds to NOAA weather reports and emergency/local first responder scanner broadcasts; and the Hurricane Safety Checklist Lite app.
Cnet points out ICE Lite, which allows you to quickly file all your "In Case of Emergency" info in one place for first responders or medical personnel. Don't put all your eggs in one app basket, though: you can use Evernote, Dropbox, iCloud notes or Google Drive to easily transfer some of your vital info to the cloud. Then, print out a copy and keep it in your wallet or glove compartment.
ABC's Joanna Stern notes that both the Federal Emergency Management Administration and the American Red Cross have helpful apps available for the iPhone. FEMA's app includes contact information for emergency services and recovery assistance; the Red Cross app gives instructions on preparing an "go bag" as well as the locations of support/evac centers. You can also use the Red Cross app to send an "I'm Safe" social media alert to Facebook and Twitter, although if your phone is working you can probably just post directly to those services yourself.
Before the storm hits, follow Scott Beale's advice: Always Be Charging everything with a battery in it. In the event of power outages, the vintage technologies may hold out better than modern digital versions: a battery-powered radio and landline phone may remain operable when TVs and cellphones don't. Keeping your iPhone charged, however, is a plus if it's feasible; it can provide emergency communication, navigation and a slew of other capabilities. As a bonus, a tethering plan may be able to provide bandwidth for your computer even if your home ISP connection goes down.
You can charge an iPhone or iPad from a laptop, or from an uninterruptible power supply; low-capacity models can be had for under $100, which will give you just enough time to gracefully shut down your computer, or happily provide juice for mobile gadgets for much longer. Best Buy actually has all the APC models on sale now, which means they'll likely go fast. Remember that you need to charge your UPS before the power goes out.
Kelly H. recommends turning off your UPS and unplugging all your drain-inducing gear as soon as the power cuts out, then turning it on only to charge the iPhone or iPad. If you're using a generator for backup power, Kelly strongly recommends not plugging your delicate electronics (MacBook Pro, etc.) directly into the generator output, unless you have a pure sine wave inverter providing clean AC power. Put a surge protector or UPS inline to keep that "dirty power" from frying your laptop.
Aside from minimizing your iPhone power drain by turning off unnecessary services and Wi-Fi (no point in searching for a network if the access point's offline), you can charge your phone from a backup battery or a hand-crank charger. Plenty of companies are offering AC-chargeable battery packs, including Zagg, PowerStick, Belkin and countless others. When you're looking for a power pack, keep in mind that an iPad needs a 2A USB port (twice the power of a normal USB port) for full-speed charging, although it will trickle-charge fine from a standard port.
Putting some elbow grease into the equation, we turn to the cranks. Eton's power products include chargers that can give you enough juice for a five-minute call after some vigorous cranking. Its line that's co-branded with the American Red Cross includes the Rover pocket-sized crank radio, which includes weather bands, USB charging and a LED flashlight for about $50; it's available at Radio Shack and other electronics retailers.
For your Mac, back it up -- and consider shutting down and unplugging ahead of power outages if you think they're likely. If you're using Time Machine and Mountain Lion, keep in mind that you can set up multiple, auto-rotated backup targets, so get a solid backup of all your machines on a drive or two and then tuck them away in the floodproof safe (or even better, on a shelf at a family member's house on high ground). If you've got a cloud backup via CrashPlan, Backblaze, Carbonite or Dolly Drive, make sure it's current.
In New York City, residents can register for SMS and voice alerts from the city's 311 information system by signing up for NotifyNYC. The NYC Office of Emergency Management's alerts can also be found on Twitter at @NotifyNYC. In other areas, check your local emergency management website to make sure it's accessible on your mobile devices. You can also track all the Sandy updates via our sister site Skye at weather.aol.com.
Wherever you are this weekend, stay safe! Please let us know how you're weathering the storm via our comments, Twitter or our Facebook page.
Image from NOAA-NASA GOES-13 satellite, Sandy at 5:55pm ET 10/28/2012
Apps and tips for coping with Hurricane Sandy originally appeared on TUAW - The Unofficial Apple Weblog on Sun, 28 Oct 2012 20:45:00 EST. Please see our terms for use of feeds.
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Cutting-Edge Curriculum with Final Cut Pro X
At Full Sail University in Winter Park, Florida, 17,000 on-campus and online students learn modern techniques in filmmaking, sound mixing, game development, and more using the most current digital tools. For film and video students, that includes editing in
Final Cut Pro X. Says school information officer Isis Jones: “We want technology to disappear for the students so they can focus strictly on craft. The simplicity, speed, and flexibility of Final Cut Pro X has made that possible for all of our students.”
Apple Reports Fourth Quarter Results
Apple today announced financial results for its fiscal 2012 fourth quarter ended September 29, 2012. The Company posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. “We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac, and iPod products ever, and we remain very confident in our new product pipeline.”
Apple 4Q 2012 earnings reported
Apple has announced its fourth quarter 2012 earnings, which will be discussed on the upcoming earnings call. From the press release:
'We're very proud to end a fantastic fiscal year with record September quarter results,' said Tim Cook, Apple's CEO. 'We're entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.'
'We're pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012,' said Peter Oppenheimer, Apple's CFO.'Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.'
The company posted quarterly revenues of $36 billion, up from $28.3 billion a year ago. Net profit was $8.2 billion or $8.67 per diluted share, up from $6.6 billion last year or $7.05 per diluted share.
Apple sold 26.9 million iPhones, which indicates 58 percent growth over the year-ago quarter. The company sold 14.0 million iPads during the quarter, up 26 percent over the previous year. 4.9 million Macs were sold, representing a 1 percent increase over last year's quarter.
The full press release can be found below.
26.9 Million iPhones Sold; Record Fourth Quarter Revenue and Profit
Board Declares Quarterly Dividend of $2.65 per Common Share
CUPERTINO, Calif.--(BUSINESS WIRE)--Apple(R) today announced financial results for its fiscal 2012 fourth quarter ended September 29, 2012. The Company posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. Gross margin was 40.0 percent compared to 40.3 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter's revenue.
"Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75."
The Company sold 26.9 million iPhones in the quarter, representing 58 percent unit growth over the year-ago quarter. Apple sold 14.0 million iPads during the quarter, a 26 percent unit increase over the year-ago quarter. The Company sold 4.9 million Macs during the quarter, a 1 percent unit increase over the year-ago quarter. Apple sold 5.3 million iPods, a 19 percent unit decline from the year-ago quarter.
Apple's Board of Directors has declared a cash dividend of $2.65 per share of the Company's common stock. The dividend is payable on November 15, 2012, to shareholders of record as of the close of business on November 12, 2012.
"We're very proud to end a fantastic fiscal year with record September quarter results," said Tim Cook, Apple's CEO. "We're entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline."
"We're pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75."
Apple will provide live streaming of its Q4 2012 financial results conference call beginning at 2:00 p.m. PDT on October 25, 2012 at www.apple.com/quicktime/qtv/earningsq412. This webcast will also be available for replay for approximately two weeks thereafter.
This press release contains forward-looking statements including without limitation those about the Company's estimated revenue and diluted earnings per share. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company's reaction to those factors, on consumer and business buying decisions with respect to the Company's products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company's gross margin; the inventory risk associated with the Company's need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company's business currently obtained by the Company from sole or limited sources; the effect that the Company's dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company's international operations; the Company's reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company's dependency on the performance of distributors, carriers and other resellers of the Company's products; the effect that product and service quality problems could have on the Company's sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of other legal proceedings. More information on potential factors that could affect the Company's financial results is included from time to time in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's public reports filed with the SEC, including the Company's Form 10-K for the fiscal year ended September 24, 2011, its Forms 10-Q for the fiscal quarters ended December 31, 2011; March 31, 2012; and June 30, 2012; and its Form 10-K for the year ended September 29, 2012 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.
NOTE TO EDITORS: For additional information visit Apple's PR website (www.apple.com/pr), or call Apple's Media Helpline at (408) 974-2042.
(C) 2012 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS and Macintosh are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
Apple Inc.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except number of shares which are reflected in thousands and per share amounts)
Three Months Ended Twelve Months Ended
September 29,
2012
September 24,
2011
September 29,
2012
September 24,
2011
Net sales $ 35,966 $ 28,270 $ 156,508 $ 108,249
Cost of sales (1) 21,565 16,890 87,846 64,431
Gross margin 14,401 11,380 68,662 43,818
Operating expenses:
Research and development (1) 906 645 3,381 2,429
Selling, general and administrative (1) 2,551 2,025 10,040 7,599
Total operating expenses
3,457
2,670 13,421 10,028
Operating income 10,944 8,710 55,241 33,790
Other income/(expense), net (51) 81 522 415
Income before provision for income taxes 10,893 8,791 55,763 34,205
Provision for income taxes 2,670 2,168 14,030 8,283
Net income $ 8,223 $ 6,623 $ 41,733 $ 25,922
Earnings per share:
Basic $ 8.76 $ 7.13 $ 44.64 $ 28.05
Diluted $ 8.67 $ 7.05 $ 44.15 $ 27.68
Shares used in computing earnings per share:
Basic 938,343 928,280 934,818 924,258
Diluted 948,186 939,517 945,355 936,645
Cash dividends declared per common share $ 2.65 $ 0.00 $ 2.65 $ 0.00
(1) Includes share-based compensation expense as follows:
Cost of sales $ 69 $ 45 $ 265 $ 200
Research and development $ 168 $ 114 $ 668 $ 450
Selling, general and administrative $ 211 $ 139 $ 807 $ 518
Apple Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except number of shares which are reflected in thousands)
September 29,
2012
September 24,
2011
ASSETS:
Current assets:
Cash and cash equivalents $ 10,746 $ 9,815
Short-term marketable securities 18,383 16,137
Accounts receivable, less allowances of $98 and $53, respectively 10,930 5,369
Inventories 791 776
Deferred tax assets 2,583 2,014
Vendor non-trade receivables 7,762 6,348
Other current assets 6,458 4,529
Total current assets 57,653 44,988
Long-term marketable securities 92,122 55,618
Property, plant and equipment, net 15,452 7,777
Goodwill 1,135 896
Acquired intangible assets, net 4,224 3,536
Other assets 5,478 3,556
Total assets $ 176,064 $ 116,371
LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable $ 21,175 $ 14,632
Accrued expenses 11,414 9,247
Deferred revenue 5,953 4,091
Total current liabilities 38,542 27,970
Deferred revenue - non-current 2,648 1,686
Other non-current liabilities 16,664 10,100
Total liabilities 57,854 39,756
Commitments and contingencies
Shareholders' equity:
Common stock, no par value; 1,800,000 shares authorized; 939,208 and 929,277 shares issued and outstanding, respectively 16,422 13,331
Retained earnings 101,289 62,841
Accumulated other comprehensive income 499 443
Total shareholders' equity 118,210 76,615
Total liabilities and shareholders' equity $ 176,064 $ 116,371
Apple Inc.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
Twelve Months Ended
September 29,
2012
September 24,
2011
Cash and cash equivalents, beginning of the year $ 9,815 $ 11,261
Operating activities:
Net income 41,733 25,922
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization 3,277 1,814
Share-based compensation expense 1,740 1,168
Deferred income tax expense 4,405 2,868
Changes in operating assets and liabilities:
Accounts receivable, net (5,551) 143
Inventories (15) 275
Vendor non-trade receivables (1,414) (1,934)
Other current and non-current assets (3,162) (1,391)
Accounts payable 4,467 2,515
Deferred revenue 2,824 1,654
Other current and non-current liabilities 2,552 4,495
Cash generated by operating activities 50,856 37,529
Investing activities:
Purchases of marketable securities (151,232) (102,317)
Proceeds from maturities of marketable securities 13,035 20,437
Proceeds from sales of marketable securities 99,770 49,416
Payments made in connection with business acquisitions, net of cash acquired (350) (244)
Payments for acquisition of property, plant and equipment (8,295) (4,260)
Payments for acquisition of intangible assets (1,107) (3,192)
Other (48) (259)
Cash used in investing activities (48,227) (40,419)
Financing activities:
Proceeds from issuance of common stock 665 831
Excess tax benefits from equity awards 1,351 1,133
Dividends and dividend equivalent rights paid (2,488) 0
Taxes paid related to net share settlement of equity awards (1,226) (520)
Cash (used in)/generated by financing activities (1,698) 1,444
Increase/(decrease) in cash and cash equivalents 931 (1,446)
Cash and cash equivalents, end of the year $ 10,746 $ 9,815
Supplemental cash flow disclosure:
Cash paid for income taxes, net $ 7,682 $ 3,338
Apple Inc.
Q4 2012 Unaudited Summary Data
(Units in thousands, Revenue in millions)
Q3 2012 Q4 2011 Q4 2012
Sequential Change Year/Year Change
Operating Segments Mac Units Revenue Mac Units Revenue Mac Units Revenue Mac Units Revenue Mac Units Revenue
Americas 1,522 $ 12,806 1,716 $ 9,648 1,651 $ 13,810 8% 8% - 4% 43%
Europe 941 8,237 1,176 7,397 1,135 8,023 21% - 3% - 3% 8%
Japan 173 2,009 175 1,111 151 2,367 - 13% 18% - 14% 113%
Asia Pacific 593 7,887 731 6,530 877 7,537 48% - 4% 20% 15%
Retail 791 4,084 1,096 3,584 1,109 4,229 40% 4% 1% 18%
Total Operating Segments 4,020 $ 35,023 4,894 $ 28,270 4,923 $ 35,966 22% 3% 1% 27%
Sequential Change Year/Year Change
Product Summary Units Revenue Units Revenue Units Revenue Units Revenue Units Revenue
Mac Desktops (1)(9) 1,010 $ 1,287 1,278 $ 1,687 968 $ 1,254 - 4% - 3% - 24% - 26%
Mac Portables (2)(9) 3,010 3,646 3,616 4,585 3,955 5,363 31% 47% 9% 17%
Subtotal Mac 4,020 4,933 4,894 6,272 4,923 6,617 22% 34% 1% 6%
iPod (3)(9) 6,751 1,060 6,622 1,103 5,344 820 - 21% - 23% - 19% - 26%
Other Music Related Products and Services (4) 2,060 1,678 2,296 11% 37%
iPhone and Related Products and Services (5)(9) 26,028 16,245 17,073 10,980 26,910 17,125 3% 5% 58% 56%
iPad and Related Products and Services (6)(9) 17,042 9,171 11,123 6,868 14,036 7,510 - 18% - 18% 26% 9%
Peripherals and Other Hardware (7) 663 640 706 6% 10%
Software, Service and Other Sales (8) 891 729 892 0% 22%
Total Apple $ 35,023 $ 28,270 $ 35,966 3% 27%
(1) Includes revenue from iMac, Mac mini and Mac Pro sales.
(2) Includes revenue from MacBook, MacBook Air and MacBook Pro sales.
(3) Includes revenue from iPod sales.
(4) Includes revenue from sales from the iTunes Store, App Store and iBookstore in addition to sales of iPod services and Apple-branded and third-party iPod accessories.
(5) Includes revenue from sales of iPhone, iPhone services, and Apple-branded and third-party iPhone accessories.
(6) Includes revenue from sales of iPad, iPad services, and Apple-branded and third-party iPad accessories.
(7) Includes revenue from sales of displays, networking products, and other hardware.
(8) Includes revenue from sales of Apple-branded and third-party Mac software, and services.
(9) Includes amortization of related revenue deferred for non-software services and embedded software upgrade rights.
Apple 4Q 2012 earnings reported originally appeared on TUAW - The Unofficial Apple Weblog on Thu, 25 Oct 2012 16:37:00 EST. Please see our terms for use of feeds.
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Apple Introduces 13-inch MacBook Pro with Retina Display
Apple today introduced a new version of its popular 13-inch
MacBook Pro, featuring a stunning Retina display and all-flash storage in a compact design. At a mere 0.75 inches and 3.57 pounds, the remarkably portable 13-inch MacBook Pro with Retina display is 20 percent thinner and almost a pound lighter than the current 13-inch MacBook Pro. It’s available today through the
Apple Online Store and Apple Retail Stores, starting at $1,699 (U.S.).
Apple Introduces iPad mini
Apple today introduced iPad mini, a thinner, lighter iPad design that fits in one hand. It features a stunning 7.9-inch Multi-Touch display, FaceTime HD and iSight cameras, ultrafast wireless performance, and 10 hours of battery life. Apple today also announced the fourth-generation
iPad featuring a 9.7-inch Retina display, new Apple-designed A6X chip, ultrafast wireless, and the new Lightning connector. iPad mini with Wi-Fi starts at $329 (U.S.), and the fourth-generation iPad with Wi-Fi starts at $499 (U.S.). They’ll be available for pre-order at the Apple Online Store on October 26 and arrive in Apple Retail Stores starting at 8:00 a.m. on November 2.
Apple Introduces All-New iMac
Apple today unveiled a completely new iMac with a stunning ultrathin design and brilliant display with reduced reflection. Also featuring third-generation Intel quad-core processors, powerful NVIDIA graphics, and an innovative new storage option called Fusion Drive, the new iMac is the most advanced desktop Apple has ever made. Apple also updated the Mac mini, so it’s now up to twice as fast and has integrated graphics that are up to 65 percent faster than the previous generation. The 21.5-inch iMac, starting at $1,299 (U.S.), will be available in November through the Apple Online Store and Apple Retail Stores. The 27-inch iMac, starting at $1,799 (U.S.), will be available in December. Mac mini, starting at $599 (U.S.), is available today.
Apple introduces new line of iMacs
Apple has introduced a new line of iMacs, its eighth generation of what it's now calling its "flagship desktop line." Although broadly similar in design to its predecessor, the big departure is its thickness -- the new iMac is 5 mm thin at its edge. Part of how Apple got the iMac that thin is that it ditched the optical drive from the iMac. The display is laminated directly to the glass, similarly to how the iPhone and MacBook Pro with Retina display LCDs are built.
The 27-inch display resolution is 2,560 x 1,440, while the 21-inch is 1,920 x 1,080. Looks like you'll have to wait a while for Retina displays on the iMac. It comes with a 720p FaceTime HD camera, Core i5 or i7 processors, 768 GB of flash memory or 3 TB HDD, and up to 32 GB of RAM. There are four USB 3.0 ports and two Thunderbolt ports -- Firewire is gone.
With the iMac, Apple has introduced a Fusion Drive -- a hybrid of a 128 GB flash drive and 1 TB or 3 TB HDD. They're fused into a single logical volume, with the OS and pre-installed applications living on the flash drive. The OS dynamically decides whether apps are stored on the SSD or hard drive depending on your usage patterns in order to optimize performance.
The base model 21-inch iMac starts at US$1299 and ships in November, while the base 27-inch starts at $1799 and ships in December.
Apple introduces new line of iMacs originally appeared on TUAW - The Unofficial Apple Weblog on Tue, 23 Oct 2012 13:44:00 EST. Please see our terms for use of feeds.
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