Title: Apple earnings call and OS X Mavericks
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Apple profit and margins slid despite selling a solid 33.8 million iPhones in its September quarter, prompting disappointed investors to cash in some of the stock’s recent strong gains.
Shares fell after the announcement, but later erased earlier losses. What’s Apple stock doing now? (Click here to get the latest quote.)
During the current quarter, the company expects gross margin of 36.5 percent to 37.5 percent, which missed forecasts of 37.9 percent. It sees revenue of $55 billion to $58 billion, versus analysts’ estimate of $55.70 billion.
Net income fell by 8.5 percent to $7.5 billion, or $8.26 per share, in the fourth quarter from $8.2 billion, or $8.67 per share, last year.
Revenue increased 4 percent to $37.5 billion from $35.97 billion a year ago.
Analysts had expected the tech giant to report earnings of $7.96 a share on $36.93 billion in revenue, according to a consensus estimate from Thomson Reuters.
During the fourth quarter, Apple sold 33.8 million iPhones, 14.1 million iPads. The company said its gross margin fell to 37 percent from 40 percent in the year-ago quarter.
According to a French court filing, Apple owes 12 million euros in iPad-related copyright fees for the 2012 calendar year, which is part of an unpaid tax fee totalling a reported 30 million euros.
Apple CEO Tim Cook announced that the company had its best quarter in education ever, generating over $1 billion in revenue on sales of iOS and Mac products, including iPads, which took a staggering 94 percent tablet marketshare in schools.
Apple CEO Tim Cook re-stated that the company will have new products in 2014
It appears some Disney and Pixar titles like The Lion King, Beauty and the Beast, and Cars series Mater’s Tall Tales have been pulled from both the iTunes Store and the “Purchased Content” libraries of customers who paid for the content.
Some observers may have wondered why Apple would continue to sell the iPad 2 for $399 after announcing the iPad Air and Retina iPad mini on Tuesday. The answer, according to new research from Consumer Intelligence Research Partners, is because customers are still buying the two-year old tablet.
The iPad 2 accounted for some 22 percent of iPad sales in the September quarter
Microsoft’s corporate vice president of communications, Frank Shaw, today took to the Official Microsoft Blog to denounce both Apple’s revamped iWork software and the company’s well-received decision to distribute it as a free upgrade for existing users.
“Seems like the RDF (Reality Distortion Field) typically generated by an Apple event has extended beyond Cupertino,” writes Shaw, before launching into a long-winded rant that positions the Surface and the Surface 2 as better productivity devices, insinuating that Apple doesn’t understand productivity.
In his lengthy and ultra-detailed review of Mavericks, John Siracusa of Ars Technica conducts battery benchmark tests to measure Mavericks’ power saving features on both a 2007 MacBook Pro and a 2013 13.3-inch MacBook Air.
While both systems saw notable battery gains going from Mountain Lion to Mavericks, the 2013 MacBook Air in particular saw impressive improvements of up to 30 percent, lasting for more than 15 hours in some instances.
Less than 24 hours after OS X Mavericks launched for free in the Mac App Store, roughly 7% of Mac traffic is already coming from machines upgraded to the new operating system, according to a live tracker hosted by analytics firm GoSquared. The tracker shows adoption sitting at around 0.5-0.7% yesterday until beginning its upward march upon the public release.