Apple signaled to Wall Street that the worst of the iPhone decline is behind it, as it reported another slump in smartphone sales on Tuesday.
The Cupertino-based company has come under pressure to prove that its flagship product can grow again after reporting a 15 per cent drop in iPhones sold in the three months to June. Overall revenues fell 15 per cent to $42.4bn, with net income down 27 per cent to $7.8bn.
Nonetheless, Luca Maestri, Apple’s chief financial officer, said that iPhone sales fell at a slower rate than they had done in March, which he said had “turned out to be the low point for our cycle”. Apple shares rose 5 per cent after-hours on the more positive outlook.
Follow Tim Bradshaw and Richard Waters as they report live reaction to the results and commentary from Tim Cook, Apple chief executive, and Mr Maestri on the conference call with analysts.
We’ve had Facebook’s F8, Microsoft’s Build and Google I/O. The final event in the spring tech-conference calendar is Apple’s Worldwide Developers conference.
Tim Bradshaw and Richard Waters deliver all the news and live reaction from San Francisco’s Bill Graham Civic Auditorium for as Tim Cook and co take to the stage for WWDC 2016.
Apple confirmed investor fears about the first-ever decline in sales of iPhone in the current quarter with the release of its December quarter results. In speaking to investors, chief executive Tim Cook tried to assuage concerns that the slide would be as precipitous as some analysts had suggested,. Tim Bradshaw, US technology correspondent, and Tom Braithwaite, Lex writer in San Francisco, track the reaction to the results, with Emiliya Mychasuk, US Online News Editor, riding along.
Apple is a company that thrives on surprises to promote its products. But it is actually a creature of habit, especially when it comes to launching its flagship device, the iPhone.
So when Apple deviates from the well-established patterns of years gone by, as it did on Monday, it stands out – raising questions from analysts about why. Read more
Apple took over one of the largest venues in San Francisco for the launch of its latest iPhone on Wednesday.
Tim Cook, Apple’s chief executive, climbed on the stage of the Bill Graham Civic Auditorium to unveil an updated iPhone 6S with enhanced touchscreen capabilities, a better camera and a new “rose gold” finish. The new smartphone was upstaged by the long-awaited overhaul of Apple TV, with Siri voice control, a new remote and a full App Store, bringing iOS games to the living room for the first time. New Apple Watch features and a supersized iPad Pro made appearances too. Tim Bradshaw and Richard Waters covered the event.
There’s a saying among consumer electronics start-ups: hardware is hard. Unlike a software or internet company, hardware start-ups have to worry about manufacturing, distribution and inventory, as well as all the working capital worries that go along with them. Read more
Apple more than doubled its sales in China to nudge third-quarter revenues and earnings just ahead of market forecasts. But a shortfall in iPhone sales compared with Wall Street’s forecasts caused the stock to tumble by as much as 8 per cent after-hours on Tuesday. Revenues for the three months ending in June were up 33 per cent to $49.6bn with earnings up 45 per cent to $1.85 – the ninth consecutive quarter that Apple has beaten earnings forecasts. Sales of the iPhone rose 35 per cent to 47.5m units, below the 49m Wall Street was looking for, while Chinese revenues jumped 112 per cent to $13.2bn. Tim Bradshaw brings live reaction to Apple’s earnings and updates from its earnings call with chief executive Tim Cook.
It’s Apple turn to court the app makers, after Google and Microsoft held their developer conferences in recent weeks. This year’s Worldwide Developer Conference is expected to see the unveiling of Apple Music, its new subscription streaming service, following last year’s $3bn acquisition of Beats. There will also be changes to Watchkit, to improve apps for the Apple Watch, and potentially updates to Carplay, Homekit and its TV platform, alongside the usual annual refresh of iOS and Mac OSX.
Tim Bradshaw, Richard Waters and Matt Garrahan will provide live updates from the WWDC keynote at San Francisco’s Moscone Center.
Thousands of developers are gathering in San Francisco for Google I/O, one of the internet company’s biggest events of the year. Google is expected to reveal the latest updates to its Android smartphone operating system and Chrome web browser platform, as well as its extensions into wearable technology, TV sets, the “internet of things” and perhaps even virtual reality. Richard Waters and Tim Bradshaw are at the Moscone Center to bring live news and commentary from the keynote, which starts at 9.30am local time (5.30pm BST, 12.30pm EDT).
Apple sold 270,000 iPhones in just over a day when its breakthrough smartphone made its debut back in 2007. Then in 2010, the original iPad sold and delivered 300,000 tablets in its first 24 hours.
Now there are signs that the Apple Watch, released last weekend, may have topped them both. Read more
Apple’s stock price grazed its all-time high on Monday morning as investors anticipated another record-breaking quarter for the iPhone maker. As well as another big quarter for the iPhone, many analysts expect that Apple Watch has already shipped more than the 300,000 iPads that were sold on its first day back in 2010.
Here are four things to look out for when Apple reports after the markets close on Monday evening: Read more
The first wave of Apple Watch reviews are out and their conclusion is mixed. While there is consensus that Apple has made the best smartwatch out there, many see niggles that make it equally clear this is still very much a “version one” product.
That chimes with my experience trying the device at its two launch events. But after reading all the reviews, two unexpected observations stood out. Read more
April Fools’ Day has become a grand tradition in the tech world, with Google in particular pulling out all the stops to show how they don’t take themselves too seriously, no really haha.
But this is 2015, a time of self-driving cars, kickable robots, interplanetary internets and a Cambrian explosion of connected devices. It’s getting tricky for us poor journalists to separate reality from science fiction at the best of times.
So forgive us if some of us were left a little confused when some of this year’s April Fools were just too close to call. Read more
Facebook CTO Mike Schroepfer © Facebook
When will the consumer version of the much-anticipated Oculus Rift virtual reality headset ship? With competition looming from Sony PlayStation’s Project Morpheus and the Vive headset announced by Valve and HTC a month ago, Oculus’ early lead in VR suddenly looks like it could be under threat.
After launching two prototype headsets for developers and an “innovator edition” of its Samsung Gear mobile VR device, executives at Facebook-owned Oculus have been tight-lipped about when consumers will be able to buy the PC-based Rift.
But at the F8 developer event in San Francisco, one Facebook executive’s lips were a somewhat looser. Read more
After its original unveiling in September, the Apple Watch is nearly out. Tim Cook, Apple’s chief executive, is expected to take to the stage at the Yerba Buena centre in San Francisco to detail new features, apps, pricing and its retail strategy. Tim Bradshaw and Richard Waters bring live updates when the show begins at 10am PST (5pm GMT).
Meerkat allows you to broadcast a live video stream from your phone, sending a link to all your Twitter followers, who can then use the 140-character messaging site to chat with you as you film. Its creators describe it as a “live video button for Twitter” but say “no reruns”: every video can only be watched live. Read more
Cheap remote-controlled quadcopters from Syma and Hubsan bring aerial photography within reach of a much bigger audience. Read more
Expectations are high for Apple as it publishes its first-quarter earnings, with analysts forecasting that it sold more than 65m iPhones in the three months to December. With the impact of China looming large but the iPad still looking weak, Tim Bradshaw and Sarah Mishkin bring the news, live updates and analyst reaction from San Francisco.
When the Oculus Rift VR headset raised $2.4m on Kickstarter in 2012, its crowdfunding was squarely pitched at the videogaming crowd, with its invitation to “step into the game”.
Now Oculus wants audiences to step into the silver screen too, as it unveils its in-house filmmaking team, Story Studio. Hired over the last year from the likes of Pixar and Industrial Light & Magic, Story Studio will be showing its first short at the Sundance Film Festival this week. Read more
“Cardboard” is a funny thing to call a teleportation machine. But when paired with a smartphone and a willing suspension of disbelief, Google’s low-cost design for a virtual reality headset becomes just that. Read more