Apple Profit Probably Fell For The First Time In A Decade

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Tim Cook, Phil Schiller and others sold Apple stock at a time when it was hitting record highs.
Tim Cook, Phil Schiller and others sold Apple stock at a time when it was hitting record highs.

Apple’s quarterly profit probably fell for the first time in over a decade, thanks to new products with lower profit margins and a slowing demand for the iPhone, Bloomberg reports. Fourteen analysts have reduced their estimates for Apple in recent weeks, and on Friday, the Cupertino company’s share price fell below $400 for the first time since December 2011.

Foxconn Sales Down In Q1 2013 Following ‘Disappointing’ iPhone Demand

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foxconn-iphone_large_verge_medium_landscape

Foxconn sales declined 19% during the first quarter of 2013, and “disappointing” demand for Apple’s iPhone is getting the blame, Reuters reports. Between January and March, the company’s sales totaled NT$808.97 billion ($26.96 billion), down from NT$988.24 billion ($32.99 billion) in the fourth quarter of 2012, and NT$1 trillion ($33.38 billion) a year ago.

There Will Be “At Least” Two iPhone 5S Models In Different Sizes [Analyst]

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This mockup shows what a family of different sized iPhones might look like.
This mockup shows what a family of different sized iPhones might look like.

Topeka Capital analyst Brian White received some criticism last week when he revealed in a note to investors that he expects Apple’s much-anticipated television set to come with a “mini iTV” tablet and an “iRing.” But rather than going into hiding until the whole thing is forgotten about, White has revealed his predictions for the iPhone 5S.

The device will be available with “at least” two screen sizes, White claims, giving those who might switch to Android for a larger display a reason to stick with the iPhone.

Analyst: You Won’t Control Your iTV, You’ll Finger Its ‘iRing’

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It wasn't good enough as a concept for Apple, but since when has that stopped Microsoft?
It wasn't good enough as a concept for Apple, but since when has that stopped Microsoft?

Brian White, an analyst with Topeka Capital Markets, brings us a crazy new rumor about the much-anticipated Apple television today following recent meetings with supply chain sources in China and Taiwan.

White claims that the “iTV” will finally launch during the second half of 2013, and that it’ll come with a miniature device called the “iRing”, which the user will wear on their finger to act as a pointer. The device will enhance the motion detection experience and take over some of the functions of the traditional remote control, apparently.

Apple To Launch 4K Ultra HD TV With Voice & Motion Control In Early 2014 [Rumor]

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A 4K Ultra HD TV from Samsung.
A 4K Ultra HD TV from Samsung.

Apple is gearing up to send its much-anticipated “iTV” into mass production during the second half of this year, according to sources in the Cupertino company’s supply chain, who have been speaking to DigiTimes. The set will reportedly boast a 4K “Ultra HD” display with a 3840×2160 resolution, and it’ll be controlled by voice and motion.