You’d think after releasing the third-generation iPad, executives at Apple might get some rest over the weekend, but instead they issued a rare Sunday press release to announce a conference call to discuss its cash balance, which now amounts to nearly $100 billion.
It may be Monday, but so it was eventful one, with Apple surprising everyone with the release of iTunes 10.5.1 with iTunes Match after a two-week delay. Demand for the service was apparently so strong that the company started dialing down new subscriptions, so if you’re one of those affected, spend a few of those moments getting caught up on the rest of the news for this Monday, November 14, 2011.
Well despite some sad pandas in the financial prediction racket, Apple is hot hot hot. Sure, their last quarter sales were a wee bit lower than expected, but that was merely the collective intake of breath before the new model iPhone debuted. Naturally you wait until the new handset is out and with the iOS device line driving Apple's profitability, who didn't predict this? Apparently Wall Street. Anyway, Apple's hot whether they like it or not and here's some more weekly hotness.
There may not have been a new iPhone this past summer, but Apple continued to ride high in its fiscal fourth quarter anyway, reporting record sales of the Mac and iPad product lines as well as the company’s highest September quarter revenue and earnings ever -- but go figure, the analysts are looking at the glass as half empty anyway.
Remember all the hand-wringing and analyst prognostications about gloom and doom at Apple if and when CEO Steve Jobs ever stepped down? Apparently the folks on Wall Street don’t, because Apple’s stock is flying high since Tim Cook stepped into the CEO shoes nearly a month ago.
While no one can deny Nintendo had a huge hit on its hands with the Wii, outside of the living room a very different tale has unfolded. As the iPhone, iPod touch and iPad have risen in popularity, it’s coming at the expense of Nintendo’s own portable game systems.
While neither company is popping the champagne just yet, rumors claim that Apple and China Telecom have reached a “preliminary agreement” that would bring not one, but two iPhones to the carrier this fall -- the iPhone 5 and a scaled-down iPhone 4.
With the second quarter of 2011 now just a memory, analysts are already looking ahead to the financial results anticipated by many tech companies. Among them are Verizon Wireless, who is predicted to show a drop in iPhone 4 sales ahead of the presumed September launch of the next model.
As inexpensive as the iPhone has become over the last four years -- with last year’s iPhone 3GS going for as little as $49 new with a two-year AT&T contract -- many are still holding out hope for a prepaid model. According to one analyst, their prayers may be answered when Apple rolls out the new model this fall.
Here’s a number you can probably expect to hear at today’s WWDC keynote: 200. That’s how many carriers are now handling Apple’s iPhone, a number that was only 186 at the end of March. Can anything stop this juggernaut?