Apple’s Quarterly Report Offers No Surprises

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Apple released its quarterly reports on Tuesday, affirming most analysts’ projections on the financial status of the Cupertino-based tech giant at this point in the year.

For the first three months of 2017, the company recorded $52.9 billion in revenues, which fell just short of the estimated $53 billion predicted by analysts. Still, the windfall topped the company’s own projection of at least $51.5 billion for the same period.

The iPhone 7 and iPhone 7 Plus actually performed well in terms of sales, bucking the negative projection set by market analysts who believed that consumers will forego purchasing to wait for the release of the iPhone 8.

In an interview with CNBC, Apple CEO Tim Cook mentioned that there was a “delay in purchasing behavior” concerning both iPhone 7 models as a result of “rumors and reports about future products.”  

“However, if you look at iPhone outside of greater China, iPhone units grew very nicely,” Cook said. “We had more upgraders in the first half than ever before.”

Apple has been secretive about the release of the iPhone 8. In fact, the company even refrained from naming its new mobile phone model. Nevertheless, it didn’t stop people from speculating that the new product is going to be released in September 2017, and that it would feature ultra-thin bezels, a bigger OLED display, and TouchID.

Meanwhile, Apple’s quarterly report also brought good news to shareholders and investors as they can expect a return of capital to the tune of $50 billion, which was already approved for release by the company’s Board of Directors. According to the plan, Apple would have released $300 billion under the expanded program of returned capital by the end of March 2019.

Luca Maestri, Apple’s chief financial officer, said they have already returned $10 billion to their investors for this quarter, on top of the $50 billion that will be distributed soon. Since the capital return program was implemented five years ago, the company already gave back more than $211 billion to investors and shareholders.

In addition, Apple’s Board of Directors has given the go signal for the proposed 10.5% increase in dividends. According to a company press statement, the common stock rose to $0.63 per share for this quarter. Dividends will be paid by May 18 of this year to shareholders who are listed on record as of May 15.

The post Apple’s Quarterly Report Offers No Surprises appeared first on WebProNews.

May 4th 2017 apple

Apple Patent Hints at Plan to Use Wifi Routers for Wireless Charging

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Hoping to get an edge over their competition, Apple Inc. is developing technology that will allow users to charge their phones via wireless routers.

The Cupertino-based tech giant has been granted a patent filing by the U.S. Patent and Trademark, according to documents publicly revealed on Thursday.

According to a recent report, the “Wireless Charging and Communication Systems With Dual-Frequency Patch Antennas” technology will make it possible for people to replenish the battery life of their devices using Wi-Fi.One of the many challenges of wireless charging is the limited range of Wi-Fi. But Apple suggested the use of dual mode circuitry and “dual-frequency patch antennas.” If the company manages to realize the dream, it can make use of Wi-Fi routers (both 2.4 GHz and 5 GHz) through a cellular frequency link somewhere between 700 MHz and 2700 MHz using a transmitter and receiver.

The concept of latching on to wireless routers to charge devices is not new, as small gadgets, like smartwatches for instance, have been proven to be charged using a Wi-Fi connection. However, this would be the first time that something as ambitious as charging a more powerful mobile phone is being pursued. It would also have greater impact on the future of charging devices, taking mobility to another level.

Apple already has existing technology in its AirPort Extreme routers that use “beamforming antennas” in order to scour and latch on to a signal. While AirPort promises to amplify the user’s internet speed, the technology itself can be used to search for nearby Wi-Fi networks to charge a cellular phone.

For now,  Apple remains mum about its intentions regarding the patent, but chances are consumers can expect to see an overhaul in how we power our electronic devices in the coming years.

The post Apple Patent Hints at Plan to Use Wifi Routers for Wireless Charging appeared first on WebProNews.

May 3rd 2017 apple, iphone, Technology

How to rule the App Store in 2017: 5 trends to use to your advantage

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In the fierce battle for attention in the App Store, how do you stay ahead of the competition? Contributor Gilad Bechar shares 5 trends and App Store Optimization tactics that can help you.

Please visit Marketing Land for the full article.

April 8th 2017 apple

Transcript: Phil Schiller, Craig Federighi and John Ternus on the state of Apple’s pro Macs

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 You have already read the news. But we thought we would also use this opportunity to share a transcript of the interview with Phil Schiller, Senior Vice President of Worldwide Marketing; Craig Federighi, Senior Vice President of Software Engineering; John Ternus, Vice President of Hardware Engineering. Bill Evans from Apple PR was also in attendance. It was lightly edited for length and… Read More

April 7th 2017 apple

Crunch Report | Tesla Now Valued More Than Ford

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Redfoo, formerly from LMFAO, joins us on the show to talk tech, Product Hunt launches Ask Product Hunt, Tesla is now worth more than Ford and Apple is dumping Imagination Technologies because they no longer wish to use their IP. All this on Crunch Report. Read More

April 4th 2017 apple, News, Technology

Apple releases new colorful Apple Watch ad

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 Apple just released a new video ad on its YouTube channel for the Apple Watch Series 2. There are two interesting things about this ad. It’s a colorful, cheerful clip that wants to turn the Apple Watch into a pop culture symbol. And it focuses on the fitness features of the Apple Watch, proving that Apple thinks about the device as an activity tracking device first and foremost. Apple… Read More

April 1st 2017 apple

Crunch Report | Walmart Acquires Modcloth

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Apple investing $500 Million into R&D Centers in China, Walmart acquires Modcloth, and John Mannes reports to us about his trip at South by Southwest. All this on Crunch Report. Read More

March 18th 2017 apple, News, Technology

Crunch Report: Prince returns to Spotify

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cr-thumb-2-10 Today’s Stories 

Prince returns to Spotify and Napster this weekend
WhatsApp now supports two-step authentication
Amazon’s Tap speaker gets a hands-free update in defiance of its name
Beats X bring Apple’s wireless headphone tech to a tethered form factor

Credits
Written and hosted by: Anthony Ha
Edited by: Joe Zolnoski
Filmed by: Matthew Mauro
Teleprompter: Tomas… Read More

February 11th 2017 apple, Mobile

Crunch Report | Waze Carpool Grows in Bay Area

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Twitter rolls out updates to combat abuse on its platform, YouTube launches mobile live stream and Super Chat exits beta, Waze Carpool grows in the Bay Area, Apple Beats are expected to drop February 10th and a recap from the 10th Annual Crunchies. All this on Crunch Report. Read More

February 8th 2017 apple, News, Technology, Twitter

Crunch Report | Apple Suing Qualcomm for $1 Billion

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Apple is suing Qualcomm for $1 billion, the hit app Meitu may be collecting too much data, Whitehouse.gov removes LGBT, climate change and more and Kristen Stewart appeared as a co-author on an AI paper. All this on Crunch Report. Read More

January 21st 2017 apple, News, Technology