Posts tagged with "2011"

Apple Q4 2011 Results: $28.27 Billion Revenue, 17.07 Million iPhones, 11.12 Million iPads, 4.89 Million Macs Sold

Apple has just posted their Q4 2011 financial results. The company posted record-breaking revenue of $28.27 billion, with 11.12 million iPads, 17.07 million iPhones and 4.89 million Macs sold. The company posted quarterly net profit of $6.62 billion, or $7.05 per diluted share. iPhone represented a 21 percent unit growth over the year-ago quarter; iPod sales are down 27 percent from the year-ago quarter, but Apple reported the best iPad quarter to date with over 11 million units sold and a 166% increase over the year-ago quarter. For the next quarter, Apple set guidance at revenue of about $37 billion and diluted earnings per share of about $9.30.

Estimates and Previous Quarters

Wall Street consensus’ estimate was earnings of $7.28 per share and revenue of $29.45 billion; independent analysts expected earnings per share of $9.07 and $33.47 billion revenue. In Q3 2011, Apple said they expected revenue of about $25 billion and diluted earnings per share of about $5.50 in the fourth fiscal quarter of 2011.

In Q3 2011, the company posted record-breaking revenue of $28.57 billion, with 9.25 million iPads, 20.34 million iPhones and 3.95 million Macs sold.. In the year-ago quarter, Apple posted revenue of $20.34 billion and net quarterly profit of $4.31 billion. In Q4 2010, the company sold 3.89 million Macs, 14.1 million iPhones and 4.19 million iPads, which began selling during the quarter.

Q4 2011 Recap

Apple’s fourth fiscal quarter, which ended on September 25th, saw the release of updated MacBook Air and Mac mini models, OS X Lion on the Mac App Store and, later, on USB drive, as well as a new iMac for the educational market and a new Thunderbolt Display. The company was initially expected to unveil a new iPhone in September, but a media event took place in Cupertino on October 4th, nine days after the quarter ended. iPhone 4S sales numbers will be included in Apple’s Q1 2012, but the company has already announced over four million iPhone 4S units have been sold in the first weekend of availability.

As for the Mac, the MacBook Air is widely believed to have become the crown jewel of Apple’s portable business (which no longer includes the white MacBook, discontinued in July) that, alongside Lion, was expected to boost Mac sales in the September quarter.

On August 24th, Steve Jobs resigned as CEO of Apple, and Tim Cook was elected CEO of the company. Steve Jobs passed away on October 5th.

On October 4th, Apple also announced over 6 million copies of Lion had been downloaded through the Mac App Store since July 20th (when the operating system went on sale), with Mac users approaching 60 million worldwide.

Q4 2011 Earnings Call

Apple will provide a live audio feed of its Q4 2011 conference call at 2:00 PM Pacific, and we’ll update this story with the conference highlights. Full press release is embedded after the break.

Notes from the call

- Tim Cook: Steve Jobs’ spirit will always be the foundation of Apple.

- New record sales for Mac and iPad in the September quarter.

- Mac sales increased strongly in each operating segment.

- iPod touch continues to account for half of all iPods sold.

- iPhone sales double in Asia Pacific year-over-year.

- Ended quarter with about 2.5 million iPads in channel inventory.

- 92% of Fortune 500 testing or deploying iPad.

- 500,000 apps available in the App Store. Expanded the App Store to 123 countries in the September quarter.

- 30 new retail stores opened in the quarter, 21 internationally.

- $3.6 billion revenue from Apple retail stores.

- 77.5 million visitors in Apple retail stores in the quarter.

- Average revenue per store is $10.7 million.

- Apple has $81.6 billion in cash available.

- Tim: We’re confident that we’ll have a large supply for the 4S in holiday quarter and set an all-time record for iPhone this quarter.

- Tim: Progress in China has been amazing: Greater China revenue 2% in FY09; 12% in FY11. Fastest growing major region. $4.5 billion in revenue from China in September quarter.

- Apple placing additional focus on other promising areas: Brazil, Russia, Middle East. There are several of these markets where Apple hasn’t been historically strong.

- Tim: China – the sky’s the limit there.

- Tim: As iPad competitors came to the market, our share went up.

- Oppenheimer: Pervasive iPhone rumors had a definite negative impact on Apple’s business.

- 40 million iPads sold on a cumulative basis.

- Tim on iPhone 4S launch (4 million units) Vs. iPhone 4 launch (1.7 million units) last year: “That’s the mother of all uplifts”.

- Tim: Number of people using Siri already is amazing. We see this as a profound innovation. Over time  many, many people will use Siri in a substantial way.

- Tim: We spend a lot of time and money and resource in coming up with incredible innovations. And we don’t like when someone else takes those.

- Tim: We still see iPhone 3GS and iPhone 4 as incredible products.

- iPad available in 90 countries.

- Tim: We are in the main countries with iPad.

- Tim: Everything we’re doing in the United States, we’re doing in China.

- Tim: Cannibalization of PC market happening in two ways. Some people choose to buy an iPad over a Mac: a materially larger number of people buying an iPad instead of PC.

- Tim: I’m not religious about holding cash or not holding it.

- Tim: We could not be happier with our position in the tablet market. We have some incredible things in the pipeline.

Graphical Visualization

We have compiled a series of graphs and charts to offer a graphical visualization of Apple’s third quarter. Apple’s Q4 2011 data summary is available here.

 

Read more

Apple Announces Q4 2011 Conference Call For October 18

As usual after the end of a fiscal quarter, Apple refreshed its Investor web page and activated the URL that will redirect to its next conference call webcast. For the fourth fiscal quarter, which ended on Saturday, September 24th, Apple has announced that they will announce results on October 18th.

Apple’s conference call webcast discussing Q4 - 2011 financial results will begin at 2:00pm PT/5:00pm ET on Tuesday, October 18, 2011.

Please note that comments made during this call may include forward-looking statements that are subject to risks and uncertainties, and that actual results may differ materially from these forward-looking statements. For more information on the factors that could influence results, please refer to Apple’s SEC filings.

In Q3 2011, Apple posted $28.57 billion of revenue with 20.34 million iPhones, 9.25 million iPads, and 3.95 million Macs sold. The company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. Also in Q3, Apple reported an amazing growth in China with revenue of $3.8 billion during the quarter. In the year-ago quarter, Apple posted revenue of $20.34 billion with 3.89 million Macs, 14.1 million iPhones and 4.19 million iPads sold during the quarter.

Initially rumored to be released in September, Apple’s fourth quarter won’t include any iPhone 5-related results – the device is now rumored to be unveiled at a media event on October 4th. The earnings call will provide, however, insight into Apple’s summer release cycle, which saw updates for the popular MacBook Air line, new Mac minis, and the release of OS X Lion in July. If most recent rumors are to be believed, the Q4 earnings call might be a way for Apple to announce day-one sales of the next iPhone, rumored to be hitting the U.S. marked in mid-October.

We will provide live updates from the call on our site’s homepage on October 18 starting at 2 PM PT.

13-inch MacBook Air Review

The new MacBook Air is the best Mac I’ve ever owned. This machine is shaping the future of OS X, both as an operating system and a bridge between iOS and the desktop.

In October 2008, I bought my first Mac. I had been a Windows PC user for seven years, and I was accustomed to using a PC at home for my browsing and writing needs, and at work – where my boss demanded we used PCs as he said they were more “reliable” and “fast”. After months of reading and peeking through Apple’s FAQ pages and video tutorials, I decided to buy a MacBook Pro. It was a 15-inch Unibody model with glossy screen, 4 GB of RAM, multi-touch trackpad, and Core 2 Duo processor. Back then, it was my first Mac but also the best computer I ever had. The moment I took it out of the box – and I was immediately impressed by Apple’s attention to detail in packaging and overall presentation – I knew that machine was going to change the way I “did work” on a computer. And it did. A few months later my boss fired me, and I started MacStories.

That MacBook Pro has been with me until last week.

Last year, I bought an iMac. Being the kind of Mac user that travels back and forth every day between his office (where I spend most of my day writing and managing the site) and his home, I was tired of being constantly forced to pack my MacBook Pro inside a bag, carry it around, gently place it on the passenger seat of my car, and pray that the hard drive wouldn’t die because of the terrible roads we have here in Viterbo. In spite of the fact that the MacBook Pro was the best computer I ever had, I slowly came to a point where I couldn’t stand carrying it around anymore. I decided to buy an iMac and make it my “home computer” so that I could offload media on it, backup documents, and do all those other things you’re supposed to do on “a home computer”. I bought a 21.5-inch model – again with a glossy screen – as I thought I wouldn’t ever need anything bigger than that. I was right. I’m happy with my purchase – the iMac is the finest piece of desktop hardware Apple has come up with in the past decade. Sure, my 2009 iMac doesn’t feature a Thunderbolt port and won’t get the performance boost of a Sandy Bridge-enabled machine, but it’s a trusted companion that I plan to keep for at least the next two years (that is, unless something really bad happens to the hardware, or Apple comes out with a desktop computer so revolutionary that it’ll be impossible to say no and don’t buy it).

For me, an iMac is the perfect desktop computer. It sits there, it makes my desk more elegant and classy than it could ever be, and more importantly it never failed me.

But I still had a problem with the MacBook Pro being a clumsy machine I didn’t want to carry around with me all the time. Read more

Apple Q3 2011 Results: $28.57 Billion Revenue, 20.34 Million iPhones, 9.25 Million iPads, 3.95 Million Macs Sold

Apple has just posted their Q3 2011 financial results. The company posted record-breaking revenue of $28.57 billion, with 9.25 million iPads, 20.34 million iPhones and 3.95 million Macs sold. Apple reported record quarterly net profit of $7.31 billion, or $7.79 per diluted share. Wall Street consensus’ estimate was earnings of $5.80 per share and revenue of $24.92 billion. The company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share.

In Q2 2011, the company said they expected revenue of about $23 billion and diluted earnings per share of about $5.03 in the third fiscal quarter of 2011.

From the results, iPhone is growing 142% year over year, and with 9.25 million units sold the iPad saw a 183% increase over the year-ago quarter. Apple sold sold 7.54 million iPods with a 20% unit decline. The third quarter has been the best non-holiday Mac quarter ever, best iPhone quarter ever, best iPad quarter ever. There are now 28.7 million iPads out there, including 14 million units shipped this calendar year.

In Q2 2011, the company posted revenue of $24.67 billion with 4.69 million iPads, 18.65 million iPhones and 4.69 million Macs sold. In the year-ago quarter, Apple posted revenue of $15.7 billion and net quarterly profit of $3.25 billion. The company sold 3.47 million Macs, 8.4 million iPhones and 3.27 million iPads, which began selling during the quarter.

Apple will provide a live audio feed of its Q3 2011 conference call at 2:00 PM Pacific, and we’ll update this story with the conference highlights. Full press release is embedded after the break. Read more

New MacBook Airs To Feature Backlit Keyboard

The new MacBook Airs expected to launch this week alongside OS X Lion may feature a return of the backlit keyboard that was omitted from the October 2010 redesign of the popular line. According to AppleInsider, people familiar with the matter have indicated that this month’s refresh will see the return of the backlit keyboard, together with new hardware improvements such as Sandy Bridge processors, Thunderbolt technology, and faster flash memory.

With the release of new models later this month, Apple is set to reinstate a feature to its MacBook Airs that went missing when the company overhauled the ultra-thin notebooks into more cost-affordable products late last year, AppleInsider has learned.

According to people familiar with the matter, backlit keyboards will join the string of hardware enhancements planned for the new 11.6- and 13.3-inch notebooks, which are also expected to adopt high-speed Thunderbolt ports, an upgrade to Intel’s Sandy Bridge architecture, and possibly high-speed 400MBps flash memory.

The lack of a backlit keyboard in the 2010 redesign of the MacBook Air family generated quite a backlash online, especially considering the previous iterations of the MacBook Air came with a backlit option by default. Many speculated Apple had to remove the backlit keyboard due to design issues and battery life constraints; the upcoming refresh is said to feature the same design of the 2010 MacBook Air, thus suggesting Apple has either figured out a way to implement the backlit system in the ultra-thin chassis of the machine, or listened to customers’ feedback and decided the feature had to return. A backlit keyboard helps in low-light conditions, and it’s currently implemented in all versions of Apple’s MacBook Pro line.

The new MacBook Airs’ part numbers have already leaked online, suggesting an upcoming refresh for the entry/upgraded 11-inch and 13-inch models. No details on whether Apple will tweak pricing of the line have surfaced yet, however, based on recent speculation, it seems fairly certain that the new machines will come with Lion pre-installed on a possible July 14th launch.

[Old-gen MacBook Air keyboard image via]

Analysts Forecast 17 Million iPhones, 8 Million iPads Sold in Q3

According to the latest estimates by amateur (non-Wall Street) Apple analysts at The Mac Observer’s Finance Board as relayed by Philip Elmer-DeWitt at Fortune, Apple is on track to sell more than 8 million iPads and 17 million iPhones in the third fiscal quarter of 2011. Apple has confirmed that the Q3 2011 financial results will be announced in two weeks, on July 19, and Wall Street’s consensus already claims “the company earned $5.69 per share on sales of $24.67 billion”.

According to the Finance Board (which, among the polled members, includes Horace Dediu of Asymco), Apple will post revenue of $26.5 billion with a 69% year-over-year growth, as outlined in two different reports by Paul Leitao at Posts at Eventide.

The June quarter represents the first fiscal quarter in which Apple iPad sales are a factor in the prior-year performance. This factor alone will will have an impact on year-over-year revenue growth. iPad unit sales and the resulting revenue were not a factor in the prior-year financial performance comparisons in the December (FQ1) and March (FQ2) quarters.

In Q2 2011, Apple posted revenue of $24.67 billion, with 4.69 million iPads, 18.65 million iPhones and 3.76 million Macs sold. Overall, the company posted quarterly revenue growth of 83% and profit growth of 95%. For the third quarter, the Apple Finance Board estimates the Mac’s sales will be consistent with the platform’s recent growth, whilst as far as the iPad 2 goes, Apple’s ability to meet demand (following the alleged supply issues due to the Japan earthquake and tsunami) will play a key role in determining a growth for the device’s sales up from roughly 5 million in Q2. As for the iPhone, Leitao writes:

The average estimate of AFB members suggests the March quarter unit sales growth trend will continue in the June quarter. Last year Apple significantly reduced iPhone unit shipments in the June quarter ahead of the  release of the iPhone 4, leading to favorable conditions for year-over-year unit sales gains in the June quarter this year.

We will know more on July 19, when Apple is expected to post the official financial results for Q3 2011.

Apple Announces Q3 2011 Conference Call For July 19

Apple has scheduled its Q3 2011 earnings call for July 19, 2011. The conference call will be streamed live on Apple’s website (audio-only) here.

Apple’s conference call webcast discussing Q3 - 2011 financial results will begin at 2:00pm PT/5:00pm ET on Tuesday, July 19, 2011.

Please note that comments made during this call may include forward-looking statements that are subject to risks and uncertainties, and that actual results may differ materially from these forward-looking statements. For more information on the factors that could influence results, please refer to Apple’s SEC filings.

In Q2 2011, Apple posted revenue of $24.67 billion, with 4.69 million iPads, 18.65 million iPhones and 3.76 million Macs sold. The company also reported quarterly revenue growth of 83% and profit growth of 95% with international sales were 59% for the quarter. In the year-ago quarter, Apple posted record revenue of $15.7 billion with 3.47 million Macs, 8.4 million iPhones, 9.41 million iPods and 3.27 million iPads sold.

The third quarter is set to provide some insight into the sales of the long-awaited white iPhone 4, and whether or not the lack of a new iPhone release this summer has affected the overall sales of the iPhone 4, now a 12-month old device.

We will provide live updates from the call on our site’s homepage on July 19 starting at 2 PM PDT.

[Thanks, Shawn]

iPhone 5 Major Design Change? Announcement in August?

According to BGR – which has a good track record with Apple rumors – the next-generation iPhone, dubbed iPhone 5, won’t be a minor hardware refresh as many have speculated and reported until today. According to the website, in fact, a source close to Apple’s operations has confirmed the new iPhone will bring major changes especially in case design, which BGR calls a “radical” change. No other details have been posted on the alleged iPhone 5 specifications, though it needs to be mentioned that, among rumors of minor hardware updates and spec bumps, This is my next reported months ago the iPhone 5 would be a major update with a completely new design and a “tear drop” case / screen. The same report also detailed how Apple could implement a thinner design and an update Home button, capable of doubling as “gesture area”.

BGR also claims an iPhone 5 announcement could come in August, with a release a few weeks later, although it’s not clear how this would play out with Apple’s usual music event in the first week of September:

According to our source, Apple may hold an event in the beginning or middle of August to announce the new iPhone, with availability to follow in the last week of August. We’re not sure if that means the iPod event will be moved up slightly, or if this will be an iPhone-specific event.

Speculation is running wild at this point as to whether the iPhone 5 will be similar to the iPhone 4 and only feature a faster processor (likely A5) and better cameras, or be a major change from the existing iPhone hardware with a bigger screen, different Home button, and perhaps NFC capabilities. Several rumors in the past claimed Apple would announce and release a new iPhone in September, shifting its usual release cycle from summer to the fall. As for recent rumors, whilst many publications reported the iPhone 5 (or “iPhone 4S” due to the rumored nature of minor update) wouldn’t be a significant upgrade spec-wise, others claimed a curved glass screen and GSM/CDMA dual-mode could be part of Apple’s announcements. Other noteworthy reports from the past months also indicated the “iPhone 4S” would go into mass production in August (thus backing up BGR’s theory of a late August release) and that Apple was testing an A5-powered iPhone 4 prototype running on T-Mobile network.

Last week, it was reported the iPhone 5 reached the final testing stage, for a September 2011 launch.

Update: Aside from BGR’s speculation, it’s worth considering that Apple might want to ship the new iPhone model with iOS 5 already pre-installed, rather than forcing users to manually update to iOS 5 when it comes out a few weeks later, likely in September. In fact, Apple confirmed that iOS 5 is coming out “this Fall” after a beta period for developers this Summer. As several bloggers and tech pundits were already claiming months ago iOS 5 would come out in September, that might be the reason why many believe the iPhone 5 is set for a Fall release too, shortly after iOS 5 comes out. For example, when Apple released the iPhone 4 on June 24 last year, the device was running iOS 4 out of the box – the OS was publicly released on June 21.

Apple Releases iTunes Festival 2011 App with Live Shows and AirPlay

Kicking off on July 1 at the Roundhouse in London for 31 nights of consecutive live performances from 62 bands, the iTunes Festival 2011 has seen Coldplay, Beady Eye, Arctic Monkeys, Foo Fighters and Mogwai signing up for Apple’s annual initiative, among others. Today Apple released an official app for the iTunes Festival 2011 which, besides letting you check on the schedule for the venue and check out more information about the performing bands, will enable you to follow shows live or on demand “for a limited period from wherever you are in the world”, as well as beam video contents from your iPhone or iPad to an Apple TV or unofficial third-party receiver like MacStories staff favorite AirServer. This is the first time Apple is supporting both the iPhone and iPad with options for live streaming, AirPlay and Apple TV. Apple’s recent experiments with live streaming events include special media events and WWDC keynotes, though they have seemed to refrain from streaming announcements as of lately. It’ll be interesting to see how the app will allow users to watch live concerts come July 1.

You can download the iTunes Festival London 2011 app for free here.