Apple earned a revenue of $37.4 billion and a net profit of $7.7 billion during the third quarter in 2014, which ended June 28th. This is an increase over this time last year, which saw a revenue of $35.3 billion and net profit of $6.9 billion. The earnings are a result of strong iPhone and Mac sales.
Apple has announced that its 8th Annual iTunes Festival will be held in London throughout the month of September. Scheduled to perform during the month-long music celebration are famous artists such as Maroon 5, Pharrell Williams, David Guetta, Blondie, and many more.
Bill Campbell, the board’s longest-serving member, is retiring after 17 years of service. He first joined Apple in 1983 as vice president of marketing and was later Intuit’s CEO. Sue Wagner, founding partner and director of BlackRock, has been elected to Apple’s board of directors. BlackRock is the world’s largest asset-management company which Sue Wagner co-founded in 1988.
Two-step verification is a great way to protect your account from unauthorized use. Apple previously introduced the security feature for its users, but it was available in only 11 countries. Now, Apple has added plethora of countries to the list where users can activate two-step verification, bringing the total number to 59.
Apple has launched iTunes Pass, which allows iPhone and iPod touch users to add funds directly into their iTunes account more easily than buying a physical iTunes gift card from a local retail store. Instead, customers can head out to any brick-and-mortar Apple retail store and—with their iOS device and the Passbook app—create a digital gift card in the amount of their choosing.
It has been many years since IBM and Apple were on good terms, but with a new partnership it appears as though the companies are finally tolerating each other once again. Apple CEO Tim Cook and IBM CEO Virginia Rometty explained it is a “landmark” partnership, and the two companies apparently fit together just right.
Apple has brought its iPhone Reuse and Recycle program to Australia, giving Apple users there the ability to trade in their old device for a credit of up to $250, which can be utilized towards the purchase of a new one. The iPhone 5s/5c and iPad Air are not eligible for trade-in, nor are the earlier iPhone 3Gs or lower models.
Apple has updated its developers page, shedding more light on the adoption of its iOS 7 operating system released last fall. According to the latest numbers, iOS 7 is running on 90% of compatible iOS devices less than a year after its release, which is impressive.
Apple recently made a deal with Jarir Bookstore, a major retailer in Saudi Arabia, to sell all Apple products and provide an after-sales service. Jarir Bookstore sells not just books, but a variety of computer supplies, video games, electronics, smartphones, office supplies, and more.
It was a slow month for Apple lawsuits in June 2014, with a nice mix of patent lawsuits, intellectual property arguments, and lawsuits coming to a conclusion. But that doesn’t mean Mexico is happy. Nor are WiLAN, Enterprise Systems Technologies, and a few of those blue-shirted folks you talked to at the local Apple Store (especially if they also had backpacks).
Users who want to trade in their iPhone 5 for credit towards a newer model will find less value for their legacy devices, as Apple has slashed the trade-in-value by $45. Once as high as $270 at Apple Stores, the iPhone 5 trade-in value is now listed at $225. This offer is available to U.S. and Canada Apple stores only.
Apple has released the iOS 7.1.2 update over-the-air for iOS devices that addresses several problems in the previous version. The new update is sized at almost 23MB, and fixes a bug that pops up occasionally when using third-party accessories such as barcode scanners, etc.