Apple Reports Record Quarterly Profit of $18.4 Billion

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Apple today announced financial results for its fiscal 2016 first quarter ended December 26, 2015. The Company posted record quarterly revenue of $75.9 billion and record quarterly net income of $18.4 billion, or $3.28 per diluted share. These results compare to revenue of $74.6 billion and net income of $18 billion, or $3.06 per diluted share, in the year-ago quarter. Gross margin was 40.1 percent compared to 39.9 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” said Tim Cook, Apple’s CEO. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”

“Our record sales and strong margins drove all-time records for net income and EPS in spite of a very difficult macroeconomic environment,” said Luca Maestri, Apple’s CFO. “We generated operating cash flow of $27.5 billion during the quarter, and returned over $9 billion to investors through share repurchases and dividends. We have now completed $153 billion of our $200 billion capital return program.”

Apple is providing the following guidance for its fiscal 2016 second quarter:

• revenue between $50 billion and $53 billion

• gross margin between 39 percent and 39.5 percent

• operating expenses between $6 billion and $6.1 billion

• other income/(expense) of $325 million

• tax rate of 25.5 percent

Apple’s board of directors has declared a cash dividend of $.52 per share of the Company’s common stock. The dividend is payable on February 11, 2016, to shareholders of record as of the close of business on February 8, 2016.

Read moreApple Reports Record Quarterly Profit of $18.4 Billion

Apple Event Live Coverage Today – iPhone 6s? iPad Pro? Excitement? Guaranteed!

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#iPhone6s #iPhone6sPlus @Apple #AppleEvent iOS 9 arrives September 16th – next week!

#iPhone6s #iPhone6sPlus @Apple #AppleEvent Pre-ordering starting this Saturday – available 25th September #iPhone6s #iPhone6sPlus @Apple #AppleEvent iPhone 6 and iPhone 6 Plus will cost $100 less now $99 and $199. The 5s now entry level phone

#iPhone6s #iPhone6sPlus @Apple #AppleEvent – same prices as before – will start with a 16GB…

#iPhone6s #iPhone6sPlus @Apple #AppleEvent#LivePhotos #Facebook already on this – coming out with an iOS app later this year 

#iPhone6s #iPhone6sPlus @Apple #AppleEvent – live photographs can have sound too

#iPhone6s #iPhone6sPlus @Apple #AppleEvent#TrueToneFlash #RetinaFlash display lights up 3x brighter when you need to use it as flash

#iPhone6s #iPhone6sPlus @Apple #AppleEvent – front facing camera upgraded to 5 megapixels

#iPhone6s #iPhone6sPlus @Apple #AppleEvent – 4K video

#iPhone6s #iPhone6sPlus comes with new 12 megapixel iSight camera. 50% more pixels than before

#iPhone6s #iPhone6sPlus #3DTouch deeply integrated into iOS 9

#iPhone6s #iPhone6sPlus with new #ForceTouch #3DTouch #AppleEvent 

"We have changed everything about these phones" – #TimCook @AppleEvent #AppleEvent #iPhone6splus #iPhone6s

#AppleEvent #iPhone6s and #iPhone6sPlus just announced!

#AppleTV 32 GB $149 and 64 GB for $199. Current #AppleTV still available for $69

New #AppleTV new operating system #tvOS #AppleEvent

New #AppleTV at #AppleEvent

#AppleTV ‘our vision for TV is simple and provocative, we believe the future of television is apps!’ – @TimCook #AppleEvent

oooh new #iPadMini4 announced at #AppleEvent from $399

#iPadPro ‘designed to help people be more creative and more productive’ @JonyIve #AppleEvent

#iPadPro A9X chip specifically designed for #iPadPro #AppleEvent – doubled touch refresh rate

#iPadPro 12.9 inch retina display. 32GB model $799 128 GB $1,079. The #ApplePencil is $99, smart keyboard $169 – Arrives in November

#iPadPro – Irene Walsh from #3D4Medical demonstrating at #AppleEvent

#AdobeSketch ‘works fabulously’ with #ApplePencil on #iPadPro – Eric Snowden – Adobe

#AdobeSketch specifically tuned to work with #ApplePencil for the #iPadPro

#Adobe @Adobe #EricSnowden at #AppleEvent #ipadPro 

@Procreate ‘comes alive on iPad Pro’ #AppleEvent

#ApplePencil recharges via Lightening connector – connected directly to the #iPadPro 

#ApplePencil sensors in Pencil detect position, force and tilt with #iPadPro

#iPadPro NEW #ApplePencil 

#iPadPro 6.9 mm compared with 6.1 mm #iPadAir

#iPadPro with four speaks, automatic sound balancing between left and right – dependent on how you hold it.

#iPadPro battery performance – 10 hours #AppleEvent

New #iPadPro A9X chip inside. Doubled memory bandwidth A8X – double disk performance #AppleEvent

#iPadPro 5.6 million pixels on screen. #AppleEvent

#iPadPro 12.9 inch screen. Full size software keyboard #AppleEvent

#iPadPro "It is the most capable and powerful iPad we’ve ever created. It’s chock-full of amazing technologies and innovations" #TimCook

#iPadPro has been announced! #AppleEvent 

iPad news! iPad News!!! #AppleEvent – ‘Today, we have the biggest iPad since the iPad’ #Tim Cook 

#AppleWatch OS2 arrives September 16th, next week

#AppleEvent #AppleWatch new watches. Product Red version with portion of proceeds going to the global fund to fight AIDS

Hermes #AppleWatch with hand-stitched leather band

New ‘Sense for Baby’ watch app interacts with sensors on the mother’s abdomen. #AppleWatch #AppleEvent 

Already over 10,000 apps in the #AppleWatch Store

Facebook Messenger and GoPro apps coming to #AppleWatch

Just four minutes to go until the Apple Event is live! Hope you’re staying tuned!

Here’s Tim!

Wow! Tim Cook talking about #appleWatch he explains customer satisfaction is 97%

One of Apple’s biggest events in its history will take place today and we’ll be bringing it to you, as it happens. You can follow us by refreshing this page and also following our uber popular Twitter @TheAppWhisperer. We know so many artists are waiting (breathlessly) for news of a new iPad Pro and we hope to bring this news and more. Perhaps we will also see an iPhone 6s, iPad Mini 4, Apple TV or what about an Apple Car (perhaps not). Stay tuned. The event kicks off at 10 am in San Francisco, 1 pm New York, 6 pm London, currently there are six hours to go!

Read moreApple Event Live Coverage Today – iPhone 6s? iPad Pro? Excitement? Guaranteed!

Stephen Fry meets up with Jony Ive and Tim Cook and laments his words to Steve Jobs

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The Telegraph have published an exclusive conversation between Stephen Fry, Jony Ive and Tim Cook. It’s a poignant read and towards the end Fry reveals his regret of speaking out to Steve Jobs.

Fry says, I stood last week at the entrance to 1 Infinite Loop, Cupertino, the coolest address in the universe, remembering the time I had gone inside and managed to annoy Steve Jobs.

For me that man was Willy Wonka and every time I went to Cupertino I was Charlie visiting the Chocolate Factory. I don’t mind saying that there was no one alive in the world I admired more and no one I wanted to rile less. I will come to my story, but first the background. I am sure you know most of it”.

Read more here

Read moreStephen Fry meets up with Jony Ive and Tim Cook and laments his words to Steve Jobs

Russia To Ban iPhone and iPad From 2015

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According to a report in the International Business Times, Russia is set to ban the iPhone and iPad from 2015 ‘as a result of a new law that forces online services operating in the country to store their data locally’.

This law doesn’t just affect any device that uses Apple’s US based iCloud servers but also potentially Facebook and Twitter too.

A report from Progorod claims,"the internet ombudsman Dmitry Marinichev believes that Apple will not have enough time to move all the data storage to Russian territory by 2015".

As many of you will have heard last week Vitaly Milonov a Russian politician stated that Tim Cook should be banned from the country after coming out as gay. "What can he bring us? Ebola, AIDS, gonorrhoea?" Milonov said. "They all have promiscuous relations (in the West). Ban him forever."

Apple is yet to respond…

Read moreRussia To Ban iPhone and iPad From 2015

Tim Cook Talks Steve Jobs, iPhone 6, Apple Watch and more With Businessweek

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Businessweek have just published a new interview with Tim Cook and it’s very interesting. Tim explains that Steve Job’s office remains his office, the room is untouched, not that it’s a shrine but a place that ‘Cook sensed no one could or should ever fill’. “It felt right to leave it as it is,” he … Read more Tim Cook Talks Steve Jobs, iPhone 6, Apple Watch and more With Businessweek

Apple iTunes Store Now Available In An Additional 32 Countries

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You may recall when we covered the WWDC 2012 event earlier this month that Tim Cook, CEO, Apple, announced that the iTunes App Store would be adding an additional 32 countries to its mix. Well, that is now the case, the countries within this group now include – Albania, Benin, Bhutan, Burkina Faso, Cambodia, Cape … Read more Apple iTunes Store Now Available In An Additional 32 Countries

Apple To Announce iPhone 5 On October 4, 2011

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Well, that’s the very strong rumor that AllThingsD are putting out today. Of course, there is no official word from Apple, but that’s to be expected. Apparently, Tim Cook the new Apple CEO will unveil the iPhone 5 at this new media event . Phil Schiller, Scott Forstall and Eddy Cue will also support Cook … Read more Apple To Announce iPhone 5 On October 4, 2011

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