Forget the formal estimates: what Wall Street was really hoping for from Apple’s latest quarter was an acceleration in growth that would blow away the “official” forecasts.
The figures released on Monday failed to impress. At 51m, the number of iPhones sold in the quarter came in 2m short of estimates, though the 26m iPads topped most estimates. Within minutes, Apple’s shares had slipped more than 5 per cent.
Read below for our coverage of the earnings report and the company’s analyst call.
Expectations are high that Apple can go back to its old forecast-busting ways when it reports earnings for its December quarter on Monday.
“Investors think that Q1 is going to be a blow-out and the Q2 guide is quite strong,” said analysts at Berenberg in a note after meetings with shareholders last week.
While the iPhone and iPad both look set to turn in double-digit percentage growth rates, falling prices and margins could minimise revenue and earnings growth.
Here’s what to expect after the markets close in New York: Read more
In an interview on Monday afternoon, Nest’s co-founder and chief executive Tony Fadell told the FT that he sold the “smart home” company to Google because he wanted to focus on new product innovations, not worry about managing the behind-the-scenes infrastructure that handles all the data generated from its “Learning Thermostat” and “Protect” smoke alarm, and to ensure the company stays ahead of mounting competition. Read more
The verdict is in and it’s unanimous. The best gadget of this week’s Consumer Electronics Show 2014 is not a curved television, a health-tracking wristband, a Bluetooth speaker or a connected car; in fact, it’s not even a finished product. Yet the latest prototype of the Oculus Rift virtual-reality headset has so excited attendees that tech blogs the Verge and Engadget – not to mention this FT reporter – have named it their “best in show”. Read more
There was little evidence in the products at this week’s Consumer Electronics Show in Las Vegas that the PC industry is finding its way out of its funk, although latest figures on industry sales released overnight show the PC’s decline could be bottoming out.
2013 saw the worst decline in PC market history, according to the Gartner research firm, with shipments down 10 per cent on 2012 at 316m units. Read more
Enough of lofty keynote speeches and the distant projections of $19tn market opportunities. CES has finally, officially, started – so let’s get to the prototypes and devices in the here and now already. Read more
Monday was all about the big technology companies planting their flags in the areas believed to have a mainstream impact in 2014 – but it was telling that their choices of which segment to claim leadership in was rather varied: Read more
How many people does it take to change an LED light bulb? Read more
Never mind the money, read the buzzwords: Big Data, Cloud.
IBM is buying Aspera for an undisclosed figure, but this small company is active in areas that Big Blue and investors view as the hottest in tech. Read more
Here’s a small acquisition by Arm Holdings designed to light up its prospects in graphics chips. Read more
Google will double its investment in a new data centre it is building in Taiwan as internet use in Asia rockets beyond what the US internet group predicted a few years ago when it first planned the site, one of its first two data centres in Asia.
The search company already invested $300m in the massive centre on a flat plain outside a city in central Taiwan, and says it will double that in the next stages of the data centre’s development. Read more
Who says the PC is dead? Lenovo’s notebook sales rose 8 per cent year-on-year in the three months to September, a period when global industry shipments fell by 12 per cent.
Fiscal second quarter results on Thursday showed clearly that the Chinese company is not just the world’s biggest PC maker, it is also the only one that has its act together: Acer this week lost its second chief executive in three years, HP still has at least three years to go in its turnaround plan, and Dell has retreated from the public markets to nurse its wounds. Read more
Analysts are looking at Christmas lists and wondering how many Apple products will feature on them – with the iPad Air and new versions of the iPad mini, MacBook Pro, and Mac Pro launched at an event in San Francisco on Tuesday. Read more
You can now comfortably hold the iPad with one hand.
What, you want more? That really is all you need to know. Read more
The PC may be in decline, but one part of the industry is feeling chipper. Read more
Windows 8 was panned and blamed for a historic fall in PC sales earlier this year, so let’s give some love to other versions of Microsoft’s much-maligned operating system in a look at the latest PC figures. Read more