After the distractions of Antennagate it was back to business as usual as Apple reported its latest earnings on Tuesday.
iPhone sales in the company’s latest quarter jumped to 8.4m, belying concerns that inventory changes surrounding the switch to the latest model would hit sales. Profit margins also held up better than expected, pushing earnings well ahead of forecasts.
Those were the headlines as Apple released earnings for the period to the end of June, its third fiscal quarter. The numbers:
- Revenue rose 61 per cent to $15.7bn, ahead of Wall Street forecasts of $14.74bn.
- Earnings climbed to $3.51, above the consensus estimate of $3.10.
Our live blogging of Apple’s conference call to discuss the state of its business is after the jump. Read more
From the FT’s beyondbrics blog
If you thought the new iPhone 4G was expensive in London, try buying one in China. The phone has yet to be released there – but unlocked handsets are being sold on the grey market for as much as $2,000, according to MIC Gadget, a China-related gadget blog.The blog (citing a report in the Oriental Morning Post) says that most of the phones being sold are UK handsets – presumably bought from the Apple store on Regent Street or online, and then shipped over to Beijing, Shanghai and Hong Kong. Read more
Livescribe, the company whose pen combines paper note-taking with digital recordings, is launching its next-generation product and new ways of sharing pages and audio.
The Echo pen has a number of improvements from looks, to capacity and new standard interfaces that open up fresh uses for a signature product among digital pens. Read more
Steve Jobs, Apple chief executive, has offered iPhone owners free cases to try to resolve complaints about the antenna on the iPhone 4.
Mr Jobs made the announcement at a news conference called at its Silicon Valley headquarters to discuss criticism of the iPhone 4. After the jump, read live coverage of the news from our Apple correspondent Joe Menn at the event. Read more
All-in-one computers, which combine monitor and PC components in a single unit, are getting added appeal with multi-touch screens.
In this week’s Personal Technology column in the FT’s Business Life section, we look at options from Acer, Apple and Sony. Read more
A new, slimmer Xbox boosted sales of the Microsoft console by 88 per cent in June, but video game software sales slumped 15 per cent.
The latest figures from the NPD research group on Thursday continued a disappointing trend for the industry in 2010, with overall sales down 9 per cent so far this year compared to 2009. Read more
The splurge in server sales, which Intel highlighted on Tuesday as a revival of corporate hardware spending, is also benefiting its rival AMD.
On its second-quarter earnings call on Thursday, the Silicon Valley neighbour said shipments of its new Opteron 6000 server chips nearly quadrupled compared to the first quarter “ramping late in the quarter as our largest customers transitioned the bulk of their AMD-based offering to the new platform.” Read more
Back in the dark, distant days when newspapers ruled the earth – make that the early 1970s – getting into print often made the difference between getting your issue heard and being invisible.
That’s why a candidate running for office in Florida sued the Miami Herald in 1972, demanding a right to have his opinion carried in the newspaper. The courts would have none of it, holding that the Herald had a right to make its editorial judgments.
Why is this relevant? Because Google is the new power in the land, and there are plenty of people who would like to get a better showing in its results pages. Besides the complaints to regulators and lawsuits, this has touched off a wider debate about “search neutrality” that Google’s Marissa Mayer (pictured) addresses in a comment piece in Thursday’s FT. Read more
Apple’s stock took a beating on Tuesday, after reports that the iPhone 4’s ‘death grip‘ issue is a hardware problem sparked pressure for a product recall:
Unlucky timing then for what was a frankly ecstatic note on the same day from Goldman on the stock market implications of the iPad. Read more
Apple just called to invite the FT to a press conference “about iPhone 4″ to be held at its Cupertino headquarters on Friday morning at 10 a.m.
The company wouldn’t say anything else, but given the events of the past week, it’s hard to imagine that Apple would be having such a rare audience to announce, say, an upgrade to the FaceTime video calling feature.
No, in the present climate, “about the iPhone 4″ means that Apple finally has something more concrete to say about the reception issues that have been frustrating many buyers of Apple’s latest mobile phone. Read more
Evernote, a service that offers users an elephant-never-forgets virtual brain, has announced a Trunk extension.
The Evernote Trunk is part app store, part showcase for the service’s integration with other applications and media, from imported magazine content to partner apps that scan in business cards and receipts to its memory. Read more
It’s a tough time to be a tech entrepreneur. IPOs are stalling, the banks aren’t lending and venture capital funds are running dry. But if you want some desk space and meeting rooms and a bit of camaraderie for a fledgling business, London’s start-ups are starting to be spoilt for choice. Read more
Everyone makes mistakes but some mistakes are bigger than others and some are emblematic. On the latter scale, Apple’s problem with the iPhone 4 counts as a big error.
The iPhone 4 flaw, according to Consumer Reports and others, is that phone reception is degraded or lost when a user’s hand covers the bottom left of the antenna that encircles the device.
It is, in other words, a problem of industrial design for which Apple has a justly high reputation. Read more
Clicker, the internet TV guide, has come up with some interesting analysis on how much and for how long shows from the major US networks are available online.
In the 2009-10 season, which began in September and ended in May, 4,420 broadcast episodes were put online, but more than 90 per cent of them (3,980) were later removed. Read more
Apple’s decision in the past 24 hours to ban links from its customer-support discussion forums to a Consumer Reports post calling for Apple to fix the reception issues in the iPhone 4 predictably backfired today, leading to increased pressure on the company.
With the stock falling 2 per cent on an otherwise buoyant day for the sector, many tech observers and Wall Street analysts said dropped calls in areas of weak reception had been established as an antenna hardware issue and that the easiest solution was to offer the company’s $29 bumpers for free.
That would cost Apple about 1 per cent of its operating profit, estimated Gene Munster of Piper Jaffray. Read more
The US has moved ahead of Europe and Asia to become a clear leader in the mobile phone industry, according to the chief technology officer of AT&T.
“I get so tired of hearing that [ we are far behind Europe and Asia],” John Donovan told the MobileBeat conference in San Francisco. Read more
Mobile TV in the US has had a good World Cup, according to viewing statistics released by MobiTV and Qualcomm’s FloTV.
But now the last ball has been kicked, are there any compelling reasons to keep watching? Read more
“Netgear announces the death of local media storage,” says a press release for the Silicon Valley networking company’s latest products.
So is this something we should mourn, condemn as premature or ask what the heck it is talking about? Read more
With Google TV coming to screens near you in the autumn, internet-enabled television is set to attract a lot of eyeballs.
For those that cannot wait for the Google/Sony/Logitech/Intel product, there are already plenty of set-top box options for streaming movies and adding internet content channels to your TV. We explore some of these in the Personal Technology column in Friday’s Business Life section of the FT. Read more
Google’s horrendous breach of privacy with its StreetView data-collection gaffe may at least have one beneficial consequence: making WiFi users think more about security.
Consumer Watchdog, which has emerged as one of the main anti-Google agitators, decided to follow in the tracks of the StreetView cars – literally. It sent out its own vehicle to “sniff” the WiFi networks of certain members of the US Congress whose homes have been photographed by the Google service. Read more