Despite missing Wall Street's expectations during the third quarter of 2011, Apple made quite unexpected and almost impossible projections for the holiday seasons. All eyes were on Tim Cook and company with questions in mind whether Apple could deliver. Well, the results are out and it is a monster blowout.
The magic of Steve Jobs may be absent in his successor Tim Cook but Cook's leadership is working well in Apple. On Tuesday, the tech giant has announced that its net profit has more than doubled to $13.06 billion in the fiscal first quarter. The Holiday sale of 37 million units of iPhone and 15.4 million units of iPad sale were seen as the biggest contribution towards the outstanding profit in the holiday quarter. No wonder, iPhone and iPad account for 72% of Apple's total revenue.
Apple, the most valuable technology company, reported its most profitable-ever first quarter Tuesday. Buoyed by the new iPhone 4S, consumers rushed to the company’s 361 stores, as well as wireless carriers for the new phones.
While shares of Apple, the most valuable technology company, fell about 1 percent to $422.37 Tuesday ahead of its first-quarter earnings announcement, TechnoBuffalo editor Jon Rettinger warned the company is swimming in uncharted waters.
Apple's iBooks 2 for iPad has been downloaded 350,000 times in its first 3 days. There's a reason why users are downloading this app at such a high rate: The education industry has been needed this app for a long time.
Apple, which reported its first $100 billion year for the period ended in September, is expected to report its most profitable-ever first quarter Tuesday. Consumers rushed to the company's 361 stores, as well as wireless carriers, for the new iPhone 4S.
You may love it or hate it, but you cannot deny that Apple has become a technology empire. And, as the tech giant's market cap hovers around $400 billion and the company threatens to overtake Exxon-Mobil as the most valuable company in the world, everybody must be wondering about what really goes on in Apple, about the corporate culture of the world's most secretive company. Perhaps Adam Lashinsky holds the the answer.
Four key technology giants are to report earnings Thursday. Intel, IBM, Google and Microsoft results may provide keys to 2012 progress, while Apple comes next week.
Apple revealed its closely guarded list of global suppliers for the first time and vowed to deal with worker abuses, hoping to deflect criticism it was turning a blind eye to cases of poor working conditions in a mostly Asian supply chain.
Apple revealed its closely guarded list of global suppliers for the first time and vowed to deal with worker abuses, hoping to deflect criticism it was turning a blind eye to cases of poor working conditions in a mostly Asian supply chain.
Apple revealed its once closely guarded list of global suppliers on Friday, taking a dramatic and unprecedented step in response to harsh criticism that it was turning a blind eye to dismal working conditions at partner factories.
Apple revealed its once closely guarded list of global suppliers on Friday, taking a dramatic and unprecedented step in response to harsh criticism that it was turning a blind eye to dismal working conditions at partner factories.
Enraged Chinese shoppers pelted Apple Inc's flagship Beijing store with eggs and shoving matches with police broke out when customers were told the store would not begin sales of the popular iPhone 4S as scheduled.
Enraged Chinese shoppers pelted Apple Inc's flagship Beijing store with eggs and shoving matches with police broke out when customers were told the store would not begin sales of the popular iPhone 4S as scheduled.
Barclays Capital reiterated its belief that China is a big growth opportunity for Apple Inc. and could be bigger than even the U.S., within a few years.
Was Apple CEO Tim Cook paid $380 million in 2011? It depends on how you look at it.
Apple Inc Chief Executive Tim Cook received a one-time stock award worth nearly $400 million, the largest given by a company in a decade.
Apple Inc Chief Executive Tim Cook received a one-time stock award worth nearly $400 million, the largest given by a company in a decade.
Apple Inc CEO Tim Cook took in almost $1 million of cash compensation in 2011 but also received a million restricted shares that, when they vest in 2016 and 2021, could net the head of the world's largest consumer electronics firm hundreds of millions of dollars.
Apple's co-founder and former CEO, the charismatic Steve Jobs used to get $1 as annual salary while he was in office, but his successor seems to have have hit a jackpot altogether. From March 2012, Apple's current CEO Tim Cook is to get hold of a vesting of stock valued at nearly $100 million, according to a study reported by the Wall Street Journal. Out of this, $83 million worth of grant (at today's stock price) will be vested from March 24.
Mainland China and 21 other countries will finally launch sales for Apple's most advanced smartphone, the iPhone 4S, on Friday, Jan. 13. The phone will be available in black and white and will sell at the same prices as in the U.S.
Apple fans in China mainland and other 21 countries are going to be crazy after hearing this - iPhone 4S, Apple's hottest handset so far, will reach their shores on Friday, Jan. 13, ending various speculations about local launch dates, that lasted for several months.
