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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.
The signs are that a product of unwieldy phone size and ugly monicker is winning at least some admirers. Read more
The PlayStation 4 is a key element of Sony’s attempt at a turnaround under Sir Howard Stringer’s successor Kaz Hirai, and the first reviews are now in on the new console, which goes on sale in the US on Friday. Read more
Industry watchers scrutinise Apple announcements as hard as a customer might look at its high-resolution Retina displays, trying to see the individual pixels that are supposed to be indistinguishable to the human eye.
Livescribe has written a third chapter in the story of its development of a digital pen that also records audio, with the launch of the Bluetooth-enabled Livescribe 3 following the Wi-Fi Sky version and the original Echo device.
The fact that the company will continue to sell the Echo and Sky alongside the 3 suggests it has yet to come up with the perfect smartpen and that there are strengths and weaknesses to each version – something I discovered as a longtime user in trying out 3 and its new app. 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
On a brisk, foggy Tuesdsay morning in San Francisco, Apple unveiled the iPad Air, a new tablet which is thinner and faster than the previous devices, in a bid to consolidate its grip on the high end of the tablet market.
In what it called the “lightest full-sized tablet in the world”, Apple said it had a “dramatically different experience” but the new tablet did not include the fingerprint reader that some had expected after it was introduced for the latest iPhone. The company also unveiled a new iPad mini and cut the cost of the original smaller tablet to $299, the cheapest price for an iPad ever.
Revealing a whole host of updates from mobile apps to its Mac OS update, it announced that it would now offer its software for free. Tim Cook, Apple’s chief executive, said the move was “turning the industry on its ear”.
Tim Bradshaw and Hannah Kuchler followed the launch for the FT’s Apple liveblog as Tim Cook took to the stage at the Yerba Buena Center for the Arts in downtown San Francisco.