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Last week the mighty Apple reported results. I say mighty because they reached quarterly revenue of $111 billion and net income of $29 billion - $29 billion profit in a quarter is just astounding.
As mentioned earlier in the week, Apple had their third product launch event on Tuesday, mostly focused on the new MacBooks which will run Apple's own chips instead of Intel's chips. Mac used to be Apple's bread and butter, until the iPod and then iPhone success. In 2020 though, Apple sold over $28.6 billion worth of computers, four times more than it did in the year 2000.
Apple announced last night that a new generation of Macs will be powered by the same kind of Apple-designed chips already used for iPhones and iPads. The code name of the new processor is the M1.
Apple released its quarterly numbers showing record sales for iPads, Macs, and Services thanks behavioural changes from the pandemic. The iPhone 12 generation was released a month later than usual due to production and logistical challenges, also because of the pandemic, so iPhone sales fell due to the delay. Worry not! iPhone 12 sales and pre-orders are doing very well.
Last night Apple had their annual launch event - virtually. They unveiled a new smartwatch that can measure blood oxygen as well as a virtual fitness service and a bundled subscription offering. (Click here for more details.) The Watch Series 6 will start at $399, and there's another mid-tier watch called Watch SE, with less functionality than the high-end version which will retail from $279.
On Thursday night Apple released numbers that smashed expectations. Analysts were expecting a slight drop in revenues, instead Apple showed growth in all their divisions and saw their revenue climb 11%, translating into EPS rising 18%. Boom! Nice going from the worlds largest company.
Although mobility, especially for travel, is not on top of everyone's agenda right now, this article caught my eye. Lonely Planet's expert recommendations are coming to Apple Maps.
At the Apple Worldwide Developers Conference yesterday, Apple announced that the chips in the new Macs shipped later this year will be made in-house. The Intel x86 chips previously used will be phased out over a period of 2 years.
The race for content continues. I bet the studios who own old but popular shows cannot believe their luck that these shows are still making money. Apple Buys Older Shows for TV+. Stepping Up Netflix Challenge. According to the article from Bloomberg, TV + has around 10 million subscribers but only half are regular users.
Apple had first quarter results out last week. The numbers were fine, and the stock price is above $300 again. The all-time high is $327.85. Not far to go!
Yesterday, Apple unveiled its second generation iPhone SE which will be selling for $399 . This is their cheaper range, which sells for around 40% less than a regular iPhone. The new iPhone SE is made from glass and aluminium with a 4.7 inch screen, has the new faster A13 Bionic processor, found in the iPhone 11 Pro, and the 12-megapixel cameras. However, it'll still have a home button with Touch ID, which sounds a lot like the old iPhone 8 but with a major performance boost.
Apple will open its first retail store in India next year. Wait, what? Surely the world's most valuable company has been trading for years in India, which is one of the most populous nations on Earth. Apparently not. For a decade, Apple has solely relied on third-party sellers, stores and marketplaces to sell its products in India.
According to new data from a research company called Omdia, the Apple XR was the world's most popular smartphone in 2019. Other notable smartphones in third and fourth place included the Samsung's Galaxy A10 and the Samsung Galaxy A50. That alone was so painful to write!
Apple results are always very exciting. It is a polarising company when it comes to analysts. Fortunately, we have been on the long side of the argument. Since 2006 the share is up 3 000%, I would say that the longs have been right so far?
Today marks 10 years since the birth of the iPad, Happy Birthday iPad! News is out that the top-end iPad, which is called the iPad Pro will be getting a massive update in the next few months. The next generation iPad Pro will have a Smart Keyboard that is out of this world, this is according to Taiwanese tech website Digitimes.