Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits, declares another dividend

Apple announces Q3 2012 earnings

It’s hard to believe its been just three months since we were here last, but it’s true. It’s already earnings season again and, in the feast of financial conference calls, Apple is an entree. Not surprisingly, Cupertino was raking in the big bucks yet again, but it wasn’t quite the windfall of revenue the company has seen in the past. All told the company pulled in $35 billion in revenue, pocketing $8.8 billion of that as pure profit, a record for both in Q3. But, just cause it wasn’t quite as lucrative a quarter doesn’t mean the boys in Cupertino aren’t happy with the results. Profits were up $1.5 billion from Q3 of 2011, once again allowing the company to declare yet another cash dividend for its share holders. During the last three months the company shipped 17 million iPads, an 84 percent increase over the same quarter last year — a simply staggering number. And don’t think that its other premier gadget has plateaued. 26 million iPhones were also sold, representing a 28 percent increase year-over-year. Interestingly, Mac sales slowed, increasing just two percent over last year, largely thanks to a 13 percent drop off in desktop sales.

The biggest money maker for the company continues to be the iPhone and its related products and services, however. More than $16 billion of the total revenue is directly attributable to the smaller member of the iOS family. The iPad is quickly closing the gap, netting Apple over $9 billion in this quarter alone. As a percentage of revenue, the iPod continued to decline, marking the slow death of the once flagship product line.

While revenues were down sequentially, it’s the year-over-year numbers that tell the real story and that explain why, for the second quarter in a row, Apple is able to award its investors a $2.65 per-share dividend. Revenue was up $9.5 billion from Q3 of 2011 and net income by $1.5 billion, as the company has continued to increase its market share and open up to niches to itself. For the next quarter Apple actually expects a small drop in both revenue and earnings per-share, but not enough that we expect Wall Street types to start yelling, “sell, sell, sell!”

Continue reading Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits, declares another dividend

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Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits, declares another dividend originally appeared on Engadget on Tue, 24 Jul 2012 16:30:00 EDT. Please see our terms for use of feeds.

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AT&T CEO responds to paid 3G FaceTime rumor, says it’s ‘too early’ to talk pricing

AT&T responds to paid 3G FaceTime rumor, refuses to commit either way

AT&T CEO Randall Stephenson has responded to rumors that Ma Bell plans to add an additional levy upon those planning to use FaceTime over cellular. Speaking at the Fortune Brainstorm conference, he’s quoted as saying that he “heard the same rumor,” but that it was “too early to talk about pricing.” Of course, given that response, it looks like the company has at least been mulling an additional levy for the feature. At present, he says his primary focus is to work with Apple on ensuring the video calling technology works smoothly across his company’s data network, with iOS 6 due to arrive later this year.

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AT&T CEO responds to paid 3G FaceTime rumor, says it’s ‘too early’ to talk pricing originally appeared on Engadget on Wed, 18 Jul 2012 06:06:00 EDT. Please see our terms for use of feeds.

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Apple gives iPhone 3GS owners some love, lets them taste Shared Photo Streams and VIP Mail in iOS 6

iPhone 3GS back

Anyone who’s been scanning to see who gets what in iOS 6 has noticed that the iPhone 3GS is the red-headed stepchild of the family — some features that really don’t need a cutting-edge phone have been left on the chopping block. Apple is showing those owners some TLC, after all, by officially flicking on support for Shared Photo Streams and VIP Mail lists through the entire iOS 6-ready device list. With the exception of Safari’s Offline Reading List, the only features now left out for iPhone 3GS owners are the ones you’d expect to be excluded from a 3-year-old phone, such as FaceTime, Siri and those 3D-heavy map flyovers. While the iPhone 4S is still the darling of the lot, 3GS owners can now cling to their aging veteran phones a little more securely for at least another year.

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Apple gives iPhone 3GS owners some love, lets them taste Shared Photo Streams and VIP Mail in iOS 6 originally appeared on Engadget on Tue, 17 Jul 2012 17:29:00 EDT. Please see our terms for use of feeds.

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iOS 6 beta 3 winds its way to developers

iOS 6 beta 3 wends its way to developers

It’s been a long three weeks since iOS 6 beta 2 arrived to refine Apple’s next mobile OS, so it’s with some relief that beta 3 has just popped up as an over-the-air update. As always, the attention is on mending bugs and bringing the code closer to what an everyday iPad, iPhone or iPod touch owner will see when all is said and done. Those of us regular users pining for Passbook will still have a number of reasons to wait awhile before we can get our own direct taste in the fall — not the least of which is Apple’s recent clampdown on bootleg access.

[Thanks, Jamie]

Update: As MacRumors notes, this update also marks the beginning of the transition to iCloud.com email addresses.

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iOS 6 beta 3 winds its way to developers originally appeared on Engadget on Mon, 16 Jul 2012 13:46:00 EDT. Please see our terms for use of feeds.

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New 2012 iPhone body reportedly leaks, gives the glass front its time to shine

New reported 2012 iPhone body leaks, gives the glass front its time to shine

Remember that tall, mostly aluminum 2012 iPhone shell that appeared to have leaked? It’s back. This time, KitGuru has unearthed what it claims is a “test sample” with the glass front panel roughly intact. We’ve seen the darker steel sides, aluminum back and new dock connector before, but the front gives us a much better sense of how the finished product (if real) will turn out. Sitting next to an iPhone 4S, it’s suggested that the new model would stuff in that bigger screen more through a better use of the available area — there’s much less blank space than on the iPhones we’ve known since 2007. While we still don’t know for sure if the design shown here is close to what will go hand-in-hand with iOS 6 in the fall, we’re starting to see enough smoke that there’s bound to be a fire nearby.

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New 2012 iPhone body reportedly leaks, gives the glass front its time to shine originally appeared on Engadget on Thu, 12 Jul 2012 11:38:00 EDT. Please see our terms for use of feeds.

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Facebook SDK 3.0 Beta for iOS now available to download, includes tight integration plans for iOS 6

Facebook SDK 30 Beta for iOS now available to download, includes tight integration plans for iOS 6Slide over, Twitter — after this fall, you won’t be the only social network in town with OS-level integration on the iPod touch, iPad and iPhone. As announced back at WWDC in June, Facebook will be on a level playing field with the launch of iOS 6, and the outfit’s new SDK 3.0 Beta is exactly what developers need to get there. Among other things, the new code promises superior user session management, ready-to-use native UI views, bolstered Facebook API support and an iOS Developer Center to get folks grounded on “key concepts.” After iOS 6 launches en masse, this SDK will “automatically use the native Facebook Login in iOS 6 when available,” providing a similar experience to Twitter in terms of seamless logins. Ready to get cranking? Get your download on in the source link below.

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Facebook SDK 3.0 Beta for iOS now available to download, includes tight integration plans for iOS 6 originally appeared on Engadget on Wed, 11 Jul 2012 14:49:00 EDT. Please see our terms for use of feeds.

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Apple’s New NFC Travel Patent Looks a Whole Lot Like Passbook [Apple]

We’ve already seen Passbook, Apple’s new mobile wallet solution that pulls all of your loyalty cards and tickets into one spot. It will debut in iOS 6, and now the company has earned a new patent for NFC travel check-ins, which is essentially the travel portion of what we know exists. More »

Apple nabs patent for NFC-based travel check-in, doesn’t quell NFC iPhone rumors just yet

Apple nabs patent for NFCbased travel checkin, doesn't quell iPhone rumors one iota

Apple has been chasing NFC patents for years, but it’s just now been granted a US patent for its own approach to a transportation check-in — one of the most common uses of the technology in the real world. The filing describes a theoretical iTravel app that would store reservation and ticket information for just about any vehicle and stop along the way: planes, trains and (rented) automobiles would just have the traveler tap an NFC-equipped device to hop onboard, and the hotel at the end of the line would also take credentials through a gentle bump. Besides the obvious paper-saving measures, iTravel could help skip key parts of the airport security line by providing passport information, a fingerprint or anything else screeners might want to see while we’d otherwise be juggling our suitcases.

It all sounds ideal, but before you start booking that trip to the South Pacific with ambitions of testing an NFC-equipped 2012 iPhone, remember this: the patent was originally filed in 2008. We clearly haven’t seen iTravel manifest itself as-is, and recent murmurs from the Wall Street Journal have suggested that Apple isn’t enthusiastic about the whole NFC-in-commerce idea even today. Still, with Passbook waiting in the wings, the patent can’t help but fuel speculation that Apple is getting more serious about an iPhone with near-field wireless in the future.

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Apple nabs patent for NFC-based travel check-in, doesn’t quell NFC iPhone rumors just yet originally appeared on Engadget on Tue, 10 Jul 2012 11:28:00 EDT. Please see our terms for use of feeds.

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Are Apple’s iOS 6 Maps Coming to Desktop Computers? [Rumors]

Developer Cody Cooper has found something interesting in Apple’s new iOS maps. Judging from some code in the app, Apple’s maps might be coming to desktop computers—iMacs and MacBooks and maybe PCs—some time soon. More »

Apple reportedly shutting down unauthorized third-party beta sales, restricts iOS 6 to licensed devs

Apple has been arguably more generous when it comes to software sneak peeks than it has been with hardware, but while dues-paying developers are given the go-ahead to download operating systems ahead of their release, consumers have had to sit tight until after each iteration hits GM status. Some internet entrepreneurs have taken it upon themselves to game Apple’s system, however, which until recently appeared to have been loosely guarded, with third parties selling beta access for years without intervention. iOS 6 is shaping up to be the end of the line — Apple has reportedly begun targeting businesses selling early access, citing copyright infringement and contacting hosting providers to shut down sales sites. The operations can be quite profitable, with income approaching six figures for iOS 6 alone, so it’s likely that we’ll see businesses open up shop under different domains in an attempt to continue to collect. Still, if you’re running such an operation of you’re own, it may be worth your while to peruse Apple’s non-disclosure agreement in full — a site shut down could be but the beginning of the company’s actions to control OS releases, and prevent third parties from illegally capitalizing on Cupertino’s creations.

Apple reportedly shutting down unauthorized third-party beta sales, restricts iOS 6 to licensed devs originally appeared on Engadget on Mon, 09 Jul 2012 09:49:00 EDT. Please see our terms for use of feeds.

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