Apple postpones Q2 earnings report

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Apple investors will have to wait a day to hear the latest financials from the mother ship.
Apple investors will have to wait a day to hear the latest financials from the mother ship.
Photo: Apple

Apple has delayed its annual Q2 financial report by one day to April 26, 2016.

Apple’s investor site shared the news Wednesday, saying the postponement is out of respect for Bill “The Coach” Campbell, one of Steve Job’s favorite tech advisors and longtime Apple board member, who passed away earlier this week.

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Apple gear leaks, rumors, how-tos, reviews and more

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Rumors, leaks, gear, and so much more.
Rumors, leaks, gear, and so much more.
Cover Design: Stephen Smith/Cult of Mac

There are so many new leaks and rumors about upcoming Apple gear, we’re awash in joyful speculation. There’s the new iPhone 7 just for photographers, new iPad Air 3 details, and some hidden iPad Pro firmware features, just for starters.

Add to that some fine new how-tos, some great app roundups and a look at Apple’s biggest financial quarter yet, and you’ve got a fantastic digital magazine ready for downloading right now.

Here are the top stories from this week’s Cult of Mac Magazine.

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3.3 million more people will now experience Sharknado 2 on Netflix

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Like flipping the bird to everyone else.
Like flipping the bird to everyone else.
Photo: Netflix

Netflix just added 3.3 million more subscribers, the company said in a live Google Hangout Wednesday morning, making cable just that much more irrelevant with the news.

CEO Reed Hastings even showed up to the earnings call in a Bojack Horseman sweater, contrasting nicely with all the other suits onscreen.

It’s like he’s letting everyone know that Netflix can’t be stopped, and he’ll wear whatever he damn well pleases, thank you very much.

Netflix’s stock price has also rocketed up for the just finished fiscal quarter, which comes on the heels of the June 23rd announcement of a seven-to-one stock split.

Sounds like Netflix is taking a cue from Apple’s playbook on this one.

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T-Mobile’s Un-Carrier Strategy Is Selling A Lot Of iPhones

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T-Mobile-iPhone-5-001

For the last four years, T-Mobile has been just battered by the iPhone. Unable to ink the same deals with Apple as AT&T, Sprint, and Verizon to get the Jesus Phone on their networks at a subsidized price, T-Mobile tried to sell itself to AT&T, only to have the deal killed by the FCC.

In desperation, T-Mobile tried a new approach: they decided to call themselves an “Un-carrier” and start offering untraditional no-contract, upgrade-anytime-you-want plans. And you know what? It’s really paying off for them.

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Apple Plans Conference Call For Third Quarter Earnings On July 23

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Apple Investor Call Q3

According to its investor’s page, Apple, Inc. will conference call with investors on July 23, 2013, discussing its financial performance for the fiscal third quarter of 2013, which ended June 30.

The call will be live streamed on Apple’s web page for anyone to listen in, and should cover revenue and sales figures. We can expect to hear from Tim Cook, CEO, and probably Peter Oppenheimer, CFO of Apple, both explaining the current performance as well as making some sort of financial forecast for the coming quarter, Q4 2013.

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The $500k Coffee With Tim Cook And His Thoughts On A 5-inch iPhone On The CultCast

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This time around on CultCast: why we need $150,000 $230,000 $500,000 for coffee with Tim Cook; Mr. Cook talks iPhone with a 5-inch screen; and with mobile products like the iPad taking over, could Apple eventually stop selling Macs? Plus, we’re finally getting a new Xbox console; the next iOS and OS X at WWDC; and the current Apple hardware drought needs to end!

All that and more on this week’s CultCast. Stream or download new and past episodes on your Mac or iDevice by subscribing now on iTunes, or hit play below and let the good times roll.

Show notes up next.

Cultcast 69 player image

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Apple’s Q2 2013 Earnings At A Glance [Charts]

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bythenumbers

Apple has just announced the numbers for a quarter that most on Wall Street have declared to be doom. Apple has comfortably beat Street estimates, but still posted their first decline in year-over-year profit margins since 2008. What does it mean?

To help you make sense of Cupertino’s business this quarter, here’s a breakdown in easy-to-read chart form of everything from the growth of Apple’s revenues, profit and profit margins, to the rise and fall of Cupertino’s various product empires.

We even have a comparison of how Apple did this quarter compared to how Wall Street prediced Apple would do.

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How Apple Is “Disappointing” Wall Street Compared To Other Ultra-Profitable Companies

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Screen Shot 2013-02-07 at 2.44.06 PM

We can talk all day about whether or not Wall Street is made up of a gibbering bunch of mad men based upon their recent decision to start selling off Apple shares in droves after hearing that Apple had just reported another record quarter. Some think that’s proof of stupidity or a conspiracy; some think that Wall Street just buys against future growth, and Apple has peaked; and some just think that Wall Street doesn’t think tech stocks can last.

Whatever the rationale for Wall Street’s panic, this chart puts it in perspective: Apple’s “disappointing” quarter was still more profitable than the profits recorded by even other super-profitable companies. Really makes the sell-off look stupid, doesn’t it? If Wall Street isn’t abandoning Exxon in droves, they shouldn’t be abandoning Apple.

Source: Statista

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