quarterly earnings

Here’s why Apple doesn’t care about slumping iPad sales

Here’s why Apple doesn’t care about slumping iPad sales

Earlier, we told you about Apple’s device sales this quarter. Their total sales were impressive but iPad sales were way down, dipping 22% over last year. In taking questions from investors, Apple CEO Tim Cook commented on the iPad sales performance issues. Cook says he’s still bullish on the iPad, but not for the reasons we might think. The Apple CEO was also pretty grounded about their expectations, and noted that when it comes to tablet turnover, they’re pretty uncertain how we’ll react.

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Apple Q4 2014: App Store downloads top 85 million

Apple Q4 2014: App Store downloads top 85 million

Sales are great, but we really like to know about device use. You can sell as many devices as you like, but if nobody uses them, it’s a short-term gain. Apple is great on both ends of that spectrum, and have announced their total App Store downloads, and they’re pretty surprising. Compared to this time last year, cumulative apps sold has a nearly 50% increase. That’s pretty significant for a single year, considering the App stores have been around for years.

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iPhone and Mac way up, iPad down in Q4 2014

iPhone and Mac way up, iPad down in Q4 2014

In releasing their quarterly earnings, Apple also made available their device sales figures. As you might have guessed, iPhone sales were up over last quarter on the heels of the iPhone 6 and 6 Plus. They were also up over last year, showing a solid trajectory. The rest of Apple’s product lineup did equally well as a whole, but iPad sales continue to slide. That trend may only continue in the face of the iPhone 6 Plus, which will naturally eat at iPad mini sales.

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Apple Q4 earnings jump at biggest iPhone launch ever

Apple Q4 earnings jump at biggest iPhone launch ever

This afternoon Apple announced their latest earnings, those for their own fiscal Q4 2014, for the three months that ended on September 27th, 2014. These earnings included a cool quarterly revenue of $42.1 billion USD while with $1.42 per diluted share, Apple raked in a quarterly net profit of $8.5 billion. This quarter includes the launch of the iPhone 6 and iPhone 6 Plus, the company's "biggest iPhone launch ever," according to CEO Tim Cook. Apple also drove a record $13.3 billion in cash flow from operations in this fiscal Q4 2014 quarter.

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LG Q2 2014: 14.5m smartphones shipped, net profits up 165%

LG Q2 2014: 14.5m smartphones shipped, net profits up 165%

Life's Good, as the LG slogan says, and so is business, at least for this Korean manufacturer. Its second quarter financial report shows some very impressive figures, such as a 165 percent net profit increase, to the tune of $399.8 million, compared to last year, driven largely by smartphone sales. Quite a stark contrast to rival Samsung, whose popularity and profits from the smartphone business are believed to have somewhat plateaued last quarter.

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Facebook earnings confirm going mobile was right

Facebook earnings confirm going mobile was right

Facebook released their earnings today, outperforming all expectations. Their staggering uptick wasn’t an fluke, either. In parsing the numbers, it’s clear that Facebook not only gets what everyone has known for some time, they’ve capitalized on it, too.

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Apple has purchased 29 companies since FY 2013

Apple has purchased 29 companies since FY 2013

Apple CEO TIm Cook revealed today the company has snapped up 29 smaller companies since their FY 2013 ended. Some we know of, and some we’ve only heard snippets of information about. If what we know is any indication, it’s easy to see where Apple is going to push forward.

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Apple Q3 2014 sales: 35.2m iPhones, 13.2m iPads, 2.9m iPods, 4.4m Macs

Apple Q3 2014 sales: 35.2m iPhones, 13.2m iPads, 2.9m iPods, 4.4m Macs

Apple released their earnings today, and their staggering sales figures continue on a trend pleasant to Wall Street. Their sales figures, however, didn’t make such an impact. The bread-and-butter of Apple, the iPhone/iPad duo, have slumping sales.

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Microsoft CEO: losing 18,000 jobs makes us “more agile”

Microsoft CEO: losing 18,000 jobs makes us “more agile”

In what Microsoft CEO Satya Nadella says is “the first step to building the right organization for our ambitions”, the company will lay off roughly 18,000 workers in the next year. The move will see the bulk of that come from Nokia, where Microsoft will end competing efforts on the Android platform.

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Nintendo cash down: can Mario Kart 8 make up for lost time?

Nintendo cash down: can Mario Kart 8 make up for lost time?

There’s been little positive in the way of Nintendo hardware today as the company reports slowing sales on both their handheld 3DS and the Wii U. Speaking up on sales of the Wii U - on sale since November of 2012 - Nintendo made clear they’ve sold a total of 6.17 million units.

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Apple “on the prowl”: 24 acquisitions in 18 months

Apple “on the prowl”: 24 acquisitions in 18 months

Generally the news is that Apple was discovered to have acquired a single company. Today it’s become apparent that Apple has been acquiring companies rather quickly, with Tim Cook himself confirming that they’d acquired 24 companies over the past 18 months. "That shows that we are on the prowl," said Cook.

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Apple Q214 earnings tap $10.2 billion net profit

Apple Q214 earnings tap $10.2 billion net profit

Starting off the quarter with a record-breaking quarter for revenue from services, Apple showed a quarterly revenue of $45.6 billion USD. This amount works with a quarterly net profit of $10.2 billion, turning out $11.62 USD per diluted share for the quarter. This is Apple’s financial Q2 for 2014.

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