Via conference call, Apple has announced their fourth quarter earnings, providing their financial position as well as insights on how the company has performed. The company posted a quarterly revenue of $37.5 billion and net quarterly profit of $7.6 billion, compared to revenue of $36 billion and net profit of $8.2 billion in the same quarter last year. The revenue is due in part to 33.8 million iPhone sales and 14.1 million iPads.
Apple’s new iPhone 5s and 5c have been out for about a month now, and they are doing quite well with customers. So far, I haven’t read too many bad reviews for either of the new iPhones, and owners seem to be happy with their upgrades. On Monday, a report from analytics firm, Localytics revealed that the iPhone 5s and 5c now account for about 5.5% of total active iPhones worldwide.
Yesterday, Apple CEO Tim Cook announced that the App Store has surpassed the 1 million applications milestone, with the total number of apps downloaded reaching more than a whopping 60 billion, increasing from 50 billion back in May. Cook also reported that almost 64% of iOS devices in the hands of consumers are now running on Apple’s revamped iOS 7 operating system.
Apple’s multitouch patent has been upheld by the United States Patent and Trademark Office (USPTO) after their initial determination that invalidated it. The USPTO has since revalidated the patents, and has upheld the multitouch patent that is partially credited towards Apple’s late CEO and chairman, Steve Jobs. The USPTO issued a certificate in early September that allows all 20 claims of US patent number 7,479,949 to be patentable.
It seems Apple may have made the wrong decision to launch two iPhone models recently, as one of them is reportedly doing a lot better than the other. The Wall Street Journal, citing reliable sources, reported that Apple has cut down its iPhone 5c orders from assemblers. This happens as retailers and telecom operators have reported low demand for the iPhone 5c since it was launched. Some of them even had to cut down the iPhone 5c prices to make the device more appealing to consumers.
Apple is reaching for the high-end, but not only with its products. The company has hired the CEO of Burberry, Angela Ahrendts, as its new Senior Vice President of Retail and Online Stores. In this position, Ahrendts will directly oversee expansion and operation of Apple retail and online stores. This is a big role, as Apple has been growing internationally over the past several years and has gained quite a large presence in China and other countries in the far-east.
A new report from Consumer Intelligence Research Partners (CIRP) suggests the iPhone sales ratio is two-to-one in favor of the iPhone 5s. The folks at CIRP surveyed U.S. consumers who purchased Apple iPhones during the last days of September and concluded the Apple iPhone 5s accounts for 64% of the total iPhone sales, followed by 27% for the iPhone 5c. The remaining 9% goes to the iPhone 4s.
The iPhone 5c and iPhone 5s are soon going to be available in Brazil, as Apple has received clearance from the Brazilian National Telecommunications Agency (Anatel) to sell the new models in the country. According to a report from ZDNet, the new iPhones will operate at a higher frequency of 2600 MHz, up from the 700 MHz band frequency of the previous models.
Apple recently launched the iPhone 5s and iPhone 5c, and released the heavily redesigned iOS 7. Now, the company is ready to tell the public about how it is doing financially and how the first few weeks of new iPhone sales went. Apple posted on its investor relations page that they will be announcing the fourth fiscal quarter results of 2013 on Monday, October 28th. Normally, Apple earnings report calls begin around 4:30pm Eastern Time, a few minutes after the markets close.
It must be time to celebrate at Apple. the company was recently named the world’s most valuable brand by the folks at Interbrand, ending the 13-year tenure of Coca Cola. Apple is also the top smartphone manufacturer in the U.S., with an OEM market share of 40.7% in August. Apple is followed by Samsung, HTC, Motorola and LG.
Read this Apple lawsuit wrap-up to learn about lawsuits, both big and small, that happened in September 2013. We’ve got lawsuits centered around Breaking Bad, butt waddling, Kodak, Premier League football, Chinese writers, and the good ol’ iPod classic. And I hope Lodsys isn’t feeling too cocky about their recent victory over Apple, because now they’ve got Martha Stewart to contend with.
Apple truly knows how to appreciate its employees, giving them an extended paid Thanksgiving holiday, roughly three days longer than the average Thursday/Friday that the rest of us get off. The extra days will be added onto the existing time off, and will be on November 25, 26, and 27. This is likely because of how successful the company has been, even being named the most valuable brand in the world for the year of 2013.