Unlimited Mobile Cell Phone News and Reviews


  • Apple: over 500 million iOS devices sold

    Last time Apple bragged about the number of iOS devices it’s sold, the number was 400 million. On the company earnings call today, however, Tim Cook revealed that the number of iPhones, iPads and iPods sold has surpassed the half a billion mark. To be clear, that’s over 500,000,000 devices, and it means that Apple’s moved a hundred million devices total since June 2012. Of those, 75 million were moved in this quarter alone. Not bad, eh?

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  • Engadget Expand Speakers, Round Two: Four more reasons you need to be there!

    Engadget Expand Speakers, Round Two 4 more reasons you need to be there!
    If you caught our first speaker announcement last week, you know by now that we’re not referring to woofers and tweeters on our Expand stage this March — nay, we we will have real live humans speaking words of inspiration and insider knowledge about the most interesting trends and topics in the technology world today. Beyond our hands-on exhibition floor and the Insert Coin hardware competition (have you gotten your entry in??), there will be two whole days of stage programming to get you fired up at Expand. We’re excited to announce the next batch of speakers in the Expand lineup:

    • Julie Uhrman: Founder and CEO, OUYA
    • Veronica Belmont: Co-host, Tekzilla
    • Walter de Brouwer: CEO and Founder, Scanadu
    • Gene Munster: Research Analyst – Devices & Internet, Piper Jaffray

    Those fine folks will join Chris Anderson (CEO, 3D Robotics and former EIC, Wired), Ryan Block (co-founder, gdgt), Scott Croyle (VP of Design, HTC), and Avi Reichental (President and CEO, 3D Systems) at San Francisco’s Fort Mason on March 16-17 — and you should be there! You’ll still got plenty of time to pick up your Early-bird tickets and join us for the big event.

    As always, stay tuned for more nuggets of goodness from the upcoming agenda, and be sure to follow us on Twitter, Facebook and Google+ to be the first to hear any Expand-related news.

    Don’t Forget…

    • If you’re a company that would like to work with us on an exhibition or sponsorship level, please drop us a line at sponsors *at* engadget *dot* com (DIYers and small startups, please ask us about our new Indie Corner option!)
    • If you’re interested in speaking at the event, please contact expand *at* engadget *dot* com to inquire
    • If you’re a member of the media interested in covering Expand, please contact engadget *at* shiftcomm.com for more information.

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  • Apple’s Q1 2013 earnings reveal Mac and iPod sales down year-over-year

    Apple's Q1 earnings reveal Mac and iPod sales down yearoveryear

    Apple’s just released its latest figures for Q1 2013 and buried within the overall positive earnings — about $54.5 billion in revenues and a profit of $13.1 billion — is a surprising sales figure. For the company’s recently ended quarter, Mac sales totaled 4.1 million — that’s in stark contrast to the 5.2 million sold in the previous year-ago quarter. This startling nugget comes despite the fact that Apple issued a refreshed iMac just before the close of the holiday season — normally a boon time for sales. As for its lagging iPod performance, that category also saw a steep decline, dropping down by nearly 3 million in year-over-year sales and amassing just 12.7 million units sold on the backs of its latest iPod touch and iPod nano. While this dip in sales is far from a warning bell for Cupertino (hello! record quarterly profit), it certainly doesn’t bode well for the halo its products have typically enjoyed.

    Show full PR text

    Apple Reports Record Results
    47.8 Million iPhones Sold; 22.9 Million iPads Sold

    CUPERTINO, Calif., Jan 23, 2013 (BUSINESS WIRE) — Apple(R) today announced financial results for its 13-week fiscal 2013 first quarter ended December 29, 2012. The Company posted record quarterly revenue of $54.5 billion and record quarterly net profit of $13.1 billion, or $13.81 per diluted share. These results compare to revenue of $46.3 billion and net profit of $13.1 billion, or $13.87 per diluted share, in the 14-week year-ago quarter. Gross margin was 38.6 percent compared to 44.7 percent in the year-ago quarter. International sales accounted for 61 percent of the quarter’s revenue.

    Average weekly revenue was $4.2 billion in the quarter compared to $3.3 billion in the year-ago quarter.

    The Company sold a record 47.8 million iPhones in the quarter, compared to 37 million in the year-ago quarter. Apple also sold a record 22.9 million iPads during the quarter, compared to 15.4 million in the year-ago quarter. The Company sold 4.1 million Macs, compared to 5.2 million in the year-ago quarter. Apple sold 12.7 million iPods in the quarter, compared to 15.4 million in 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 February 14, 2013, to shareholders of record as of the close of business on February 11, 2013.

    “We’re thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter,” said Tim Cook, Apple’s CEO. “We’re very confident in our product pipeline as we continue to focus on innovation and making the best products in the world.”

    “We’re pleased to have generated over $23 billion in cash flow from operations during the quarter,” said Peter Oppenheimer, Apple’s CFO. “We established new all-time quarterly records for iPhone and iPad sales, significantly broadened our ecosystem, and generated Apple’s highest quarterly revenue ever.”

    Apple is providing the following guidance for its fiscal 2013 second quarter:

    * revenue between $41 billion and $43 billion

    * gross margin between 37.5 percent and 38.5 percent

    * operating expenses between $3.8 billion and $3.9 billion

    * other income/(expense) of $350 million

    * tax rate of 26%

    Apple will provide live streaming of its Q1 2013 financial results conference call beginning at 2:00 p.m. PST on January 23, 2013 at www.apple.com/quicktime/qtv/earningsq113 . 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, gross margin, operating expenses, other income/(expense), and tax rate. 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 29, 2012, and its Form 10-Q for the quarter ended December 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) 2013 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
    ————————————-
    December 29, December 31,
    2012 2011
    —————- —————-
    Net sales $ 54,512 $ 46,333
    Cost of sales (1) 33,452 25,630
    ——– ——–
    Gross margin 21,060 20,703
    ——– ——–
    Operating expenses:
    Research and development (1) 1,010 758
    Selling, general and administrative (1) 2,840 2,605
    ——– ——–
    Total operating expenses 3,850 3,363
    ——– ——–
    Operating income 17,210 17,340
    Other income/(expense), net 462 137
    ——– ——–
    Income before provision for income taxes 17,672 17,477
    Provision for income taxes 4,594 4,413
    ——– ——–
    Net income $ 13,078 $ 13,064
    ======== ======== ======== ========
    Earnings per share:
    Basic $ 13.93 $ 14.03
    Diluted $ 13.81 $ 13.87
    Shares used in computing earnings per share:
    Basic 938,916 931,041
    Diluted 947,217 941,572
    Cash dividends declared per common share $ 2.65 $ 0
    (1) Includes share-based compensation expense as follows:
    Cost of sales $ 85 $ 63
    Research and development $ 224 $ 160
    Selling, general and administrative $ 236 $ 197

    Apple Inc.
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (In millions, except number of shares which are reflected in
    thousands)
    December 29, September 29,
    2012 2012
    —————— ——————
    ASSETS:
    Current assets:
    Cash and cash equivalents $ 16,154 $ 10,746
    Short-term marketable securities 23,666 18,383
    Accounts receivable, less allowances of $119 and $98, respectively 11,598 10,930
    Inventories 1,455 791
    Deferred tax assets 2,895 2,583
    Vendor non-trade receivables 9,936 7,762
    Other current assets 6,644 6,458
    ——— ———
    Total current assets 72,348 57,653
    Long-term marketable securities 97,292 92,122
    Property, plant and equipment, net 15,422 15,452
    Goodwill 1,381 1,135
    Acquired intangible assets, net 4,462 4,224
    Other assets 5,183 5,478
    ——— ———
    Total assets $ 196,088 $ 176,064
    ========= ========= ========= =========
    LIABILITIES AND SHAREHOLDERS’ EQUITY:
    Current liabilities:
    Accounts payable $ 26,398 $ 21,175
    Accrued expenses 13,207 11,414
    Deferred revenue 7,274 5,953
    ——— ———
    Total current liabilities 46,879 38,542
    Deferred revenue – non-current 2,938 2,648
    Other non-current liabilities 18,925 16,664
    ——— ———
    Total liabilities 68,742 57,854
    ——— ———
    Commitments and contingencies
    Shareholders’ equity:
    Common stock, no par value; 1,800,000 shares authorized; 938,973 and 17,167 16,422
    939,208 shares issued and outstanding, respectively
    Retained earnings 109,567 101,289
    Accumulated other comprehensive income 612 499
    ——— ———
    Total shareholders’ equity 127,346 118,210
    ——— ———
    Total liabilities and shareholders’ equity $ 196,088 $ 176,064
    ========= ========= ========= =========

    Apple Inc.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In millions)
    Three Months Ended
    ————————————-
    December 29, December 31,
    2012 2011
    —————- —————-
    Cash and cash equivalents, beginning of the period $ 10,746 $ 9,815
    ——– ——– ——– ——–
    Operating activities:
    Net income 13,078 13,064
    Adjustments to reconcile net income to cash generated by operating
    activities:
    Depreciation and amortization 1,588 721
    Share-based compensation expense 545 420
    Deferred income tax expense 1,179 1,456
    Changes in operating assets and liabilities:
    Accounts receivable, net (668) (3,561)
    Inventories (664) (460)
    Vendor non-trade receivables (2,174) (1,206)
    Other current and non-current assets 413 (962)
    Accounts payable 6,145 4,314
    Deferred revenue 1,611 1,296
    Other current and non-current liabilities 2,373 2,472
    ——– ——–
    Cash generated by operating activities 23,426 17,554
    ——– ——–
    Investing activities:
    Purchases of marketable securities (37,192) (40,175)
    Proceeds from maturities of marketable securities 3,460 3,038
    Proceeds from sales of marketable securities 23,002 21,472
    Payments made in connection with business acquisitions, net (284) 0
    Payments for acquisition of property, plant and equipment (2,317) (1,321)
    Payments for acquisition of intangible assets (138) (108)
    Other (52) (34)
    ——– ——–
    Cash used in investing activities (13,521) (17,128)
    ——– ——–
    Financing activities:
    Proceeds from issuance of common stock 76 91
    Excess tax benefits from equity awards 404 333
    Dividends and dividend equivalent rights paid (2,493) 0
    Repurchase of common stock (1,950) 0
    Taxes paid related to net share settlement of equity awards (534) (355)
    ——– ——–
    Cash (used in)/generated by financing activities (4,497) 69
    ——– ——–
    Increase in cash and cash equivalents 5,408 495
    ——– ——–
    Cash and cash equivalents, end of the period $ 16,154 $ 10,310
    ======== ======== ======== ========
    Supplemental cash flow disclosure:
    Cash paid for income taxes, net $ 1,890 $ 1,474

    Apple Inc.
    Q1 2013 Unaudited Summary Data
    (Units in thousands, Revenue in millions)
    Q1’13 (a) Q4’12 (a) Q1’12 (a) Sequential Change Year/Year Change
    ——————- ——————- ——————- —————— —————–
    Operating Segments Revenue Revenue Revenue Revenue Revenue
    ———– ———– ———– ———- ———
    Americas $ 20,341 $ 13,810 $ 17,714 47% 15%
    Europe 12,464 8,023 11,256 55% 11%
    Greater China (b) 6,830 5,427 4,080 26% 67%
    Japan 4,443 2,367 3,550 88% 25%
    Rest of Asia Pacific 3,993 2,110 3,617 89% 10%
    Retail 6,441 4,229 6,116 52% 5%
    —— —— —— ———- ———
    Total Apple $ 54,512 $ 35,966 $ 46,333 52% 18%
    — ——
    Q1’13 (a) Q4’12 (a) Q1’12 (a) Sequential Change Year/Year Change
    ——————- ——————- ——————- —————— —————–
    Product Summary Units Revenue Units Revenue Units Revenue Units Revenue Units Revenue
    —— ———– —— ———– —— ———– —– ———- —– ———
    iPhone (c) 47,789 $ 30,660 26,910 $ 16,645 37,044 $ 23,950 78% 84% 29% 28%
    iPad (c) 22,860 10,674 14,036 7,133 15,434 8,769 63% 50% 48% 22%
    Mac (c) 4,061 5,519 4,923 6,617 5,198 6,598 – 18% – 17% – 22% – 16%
    iPod (c) 12,679 2,143 5,344 820 15,397 2,528 137% 161% – 18% – 15%
    iTunes/Software/Services (d) 3,687 3,496 3,020 5% 22%
    Accessories (e) 1,829 1,255 1,468 46% 25%
    —— —— —— ———- ———
    Total Apple $ 54,512 $ 35,966 $ 46,333 52% 18%
    — ——

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