There will be a new face in charge of Apple’s balance sheet.
Luca Maestri, currently a corporate controller at the iPhone maker, will be Apple’s next chief financial officer. He succeeds Peter Oppenheimer, who is retiring. Read more
Here’s Apple’s play in the world of cars, and it’s called, er, CarPlay. Read more
Executives from the iPhone maker, including its head of operations, met with officials from the US Food and Drug Administration last month, public records show, to discuss “medical applications”.
What could they possibly have been discussing? Read more
Have we been taking too many tablets?
It seems markets are reaching saturation point with growth in the category slowing to 28 per cent year-on-year in the fourth quarter – down from 87 per cent a year earlier. Read more
The rollout of Apple’s iPhone by China Mobile to 300 cities this year is going to be slower than many analysts expected – contributing to its outlook disappointing on Monday and its shares falling more than 7 per cent at the open today.
But new estimates for the rollout of 4G services promise rich pickings for Apple later in 2014 and beyond. Read more
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
The signs are that a product of unwieldy phone size and ugly monicker is winning at least some admirers. Read more
The world’s most popular smartphone range is finally available to subscribers of the world’s biggest mobile carrier. Yes, the iPhone today went on sale to China Mobile subscribers.
But it does not come cheap. It is not quite Brazil prices (R2,799, or US$1,184 for the 16GB iPhone 5s from the Apple store) but iPhone in China is more expensive than it is in the US, at Rmb 5,288 ($872) versus $649 for the iPhone 5S 16GB. Read more
A new year brings a new perspective on Apple, with Wells Fargo analysts sensing a power shift for the iPhone maker and downgrading it from “Outperform” to “Market Perform”.
The stagecoach sages are turning bearish on worries that gross margins will come under pressure later this year with the iPhone 6, which would require new, more expensive components if the historic trend of a fresh design being introduced is repeated. Read more
Apple, the world’s largest public company by market capitalisation, has a problem. The lawyer appointed to ensure it is not price-fixing e-book sales is just too expensive.
The iPhone and iPad maker complained to the New York court this week that Michael Bromwich’s $1,100 an hour fee is “excessive” and he has not justified it as either “reasonable” or customary”. 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.
When Xiaomi, a popular Chinese smartphone maker, overtook Apple’s market share in China the second quarter, the shift prompted a double take by consumers and investors who had never heard of the small but growing brand.
The ascent was short-lived. Apple’s two new iPhones have proved popular in China, enabling the US company to shoulder past Xiaomi in the market share rankings for the three months ended in September.
But Apple and everyone else are still miles behind the clear market leader — Samsung, which now has a fifth of China’s smartphone market, up from 14 per cent in the third quarter of last year. Read more
Apple may have beaten Wall Street’s revenue and profit expectations with its latest quarterly earnings on Monday, but the market’s skittishness about the durability of its profit margins was much in evidence. Earnings guidance, on the face of it, seemed to point to steady margin erosion in the coming months. But Apple was able to silence the doubters – for this quarter, at least.
Read on for details of the earnings and our coverage of the earnings call as it happened.
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