Apple

Apple admits to middle age truth: It's finally slowing down

By any measure, Apple's supercharged 2012 is making this year pretty tough. So much so that CEO Tim Cook in effect cautioned Wall Street analysts against making comparisons.

"Fiscal 2012 results were incredibly strong, and that's making it difficult," Cook said on Apple's second-quarter earnings conference call, rattling off all that made last year so good: high growth, high demand, fatter gross margins, and historically low costs for components.

And yet that's what investors do: They make comparisons to prior years and make a bet on the stock based on what the future looks … Read more

Apple's iCloud jumps 20 percent to 300 million users

Apple's iCloud online storage jumped 20 percent in the most recent quarter, the company noted on its earnings conference call with analysts.

Apple chief financial officer Peter Oppenheimer said the company now has 300 million iCloud users. In January, Apple noted that iCloud had 250 million users.

The service stores and syncs data from Apple customers, such as calendars, email, photos and more across the various Apple devices that users own. Last month, Strategy Analytics reported that Apple held 27 percent of cloud storage usage in the United States during the third quarter of 2012, leading rivals.

Apple's Q2: By the numbers

Wall Street will have to make up its mind about Apple's downbeat forecast for the next quarter. But the company came in ahead of estimates during its first second quarter. Here's how Apple fared in the quarter compared:<>uct:

iPhones: 37.4 million iPhones compared to 35.1 million year-over-year iPads: 19.5 million compared to 11.8 million year-over-year Macs: 3.95 million, compared to 4 million year-over-year iPods: 5.7 million compared to 7.7 million year-over-year iTunes revenue up 28% App Store now in 155 countries and 350,000 apps 91 million visitors … Read more

Apple profit slips 18%, but iPhone, iPad sales stay strong

Apple surprised Wall Street today with stronger than expected earnings in its second quarter, though the company came up short in its estimates for the next one.

Apple reported earnings of $9.5 billion on $43.6 billion in sales. That was right on target with the $9.5 billion in profit and just barely above the $42.3 billion in sales that Wall Street expected. It was also above Apple's own expectations, which were between $9.23 and $10.23 per share on sales of $41 billion to $43 billion.

By comparison, Apple tallied up a higher $11.… Read more

Apple boosts stock buyback, ups dividend 15 percent

Apple boosted its stock buyback and approved a 15 percent increase in its quarterly dividend.

With some $145 billion now in Apple's coffers, investors have clamored for management to return more cash to shareholders. Now the company is responding -- big time. Apple said Tuesday afternoon that it intends to use "a total of $100 billion of cash under the expanded program."

As part of the program, Apple increased its share repurchase authorization to $60 billion, up from $10 billion announced last year. The company said it was the largest single share-repurchase authorization in Apple's history. … Read more

Apple iTunes makes sweet music in online video market

iTunes tops the charts in online video sales, according to market research firm The NPD Group.

Apple claimed 66 percent of all TV shows sold and 65 percent of all movies sold online last year. In second place, Amazon took home 14 percent of all TV shows sold in cyberspace. Amazon and Xbox Video each grabbed a 10 percent chunk of all feature-length films sold over the Internet in 2012.

iTunes also scored the lead in the video-on-demand market, biting off a 45 percent share of all online movie rentals. Amazon Instant Video accounted for 18 percent, leaving Vudu with … Read more

A last echo of iPhone 'antennagate' -- $15 checks

The clamor that surrounded Apple's iPhone "antennagate" episode has long since subsided, but there's now a faint echo to be heard.

Some iPhone owners in the last day or so have received a $15 check that was the result of Apple's February 2012 settlement of a class action lawsuit over problems with the iPhone 4 antenna, according to reports at 9to5Mac and the TUAW blog.

When the iPhone 4 debuted in June 2010, an uproar quickly ensued from a very vocal array of users who complained of dropped calls and poor reception, and who put … Read more

Apple iOS users hit by online access glitches

Apple iOS users bumped into some trouble with several online services today.

Updates on Apple's status page this morning revealed that users might get an error when signing into their iCloud accounts or creating new accounts.

Users may incorrectly receive an authentication error when attempting to use iCloud. Setting up a new iCloud account from an eligible device may be temporarily unavailable.

Additionally, some people were unable to create new Apple IDs or sign into the Game Center app. Some iTunes users had been unable to access the iTunes store or make purchases, but Apple's status page indicates … Read more

Apple adds 'download later' option for iTunes purchases

iTunes users seeking a full TV season or box set of music can buy now and download later.

The new option is in place for an array of different items, including movies, music box sets, and full seasons of TV shows -- as well as individual shows.

Purchasing one of the above items now asks you if you want to download it immediately or later. Choosing the download later option adds the selected item to your iTunes account where you can stream it or download it in the future. The major benefit is that you can purchase a TV series … Read more