Apple CEO Tim Cook and CFO Peter Oppenheimer presented the results of the company’s spring 2012 quarter. The quarter included extensive growth for the iPhone, iPad, and Mac product lines though iPod sales declined 10% from the same quarter a year ago.
Here are the financial numbers delivered during the call.
We reported a few weeks ago that Apple had parked scads of cash overseas, some $74 billion in cash. Looking forward to tomorrow’s earnings report, however, it can be argued that their financial numbers could be much higher if the cash, mainly parked overseas due to potential tax liabilities in the US, were returned to US Apple coffers.
According to the Associated Press and reported by USA Today, Apple typically understates its profits when compared with other multinational corporations, due to this “phantom tax” liability, a tax they may never have to pay. Like many multinationals, Apple is counting on the US lowering tax rates in the near future, minimizing the amount of tax they’d end up owing if they brought that $74 billion home.
At a settlement conference last week, Apple CEO Tim Cook and executives from Samsung Electronic disagreed on the value of the opposing parties’ patents. The two world’s largest companies of consumer electronics continue to disagree as the trial here in the US looms ahead, scheduled for July 30 in San Jose, California. According to a report by wire Reuters, Cook participated in mediation with Samsung’s Vice Chairman Choi Gee-sung and mobile chief Shin Jong-Kyun last Monday in the San Francisco area to potentially resolve the dispute ahead of trial.
As if.
All public companies are required to file congressional lobbying disclosure reports, which were released today for the second quarter of 2012. Interestingly enough, Google has once again outspent Apple by a margin of nearly 10 to 1.
As revealed by the reports, Google spent just shy of $4 million, coming in at $3,920,000, while Apple spent only $470,000 in Q2.
A mere ten days before the scheduled patent infringement trial between Samsung and Apple, US District Judge Lucky Koh rejected two more proposals from Samsung, maker of Android enabled smartphones. Judge Koh entered a supplemental claim construction order in which two disputed terms are now defined. Unfortunately for Samsung, who initially requested the order, the definition decision favors Apple, using the Cupertino-based tech company’s definition in the dispute.
A U.K. judge recently ruled that Apple has to pay for advertisements on its website and in British newspapers saying that Samsung’s Galaxy Tab doesn’t actually copy the design of the iPad. The order was given after the same judge ruled that Samsung didn’t infringe on Apple’s designs, noting that the Galaxy Tab wasn’t “cool enough” to be confused with the iPad. Ouch.
Apple advertise for one of its main competitors? Never! The Cupertino-based company has motioned to appeal the U.K. court’s ruling.
Apple and Samsung have been duking it out in court rooms around the world for many months, and a ruling today brings an interesting twist to the never-ending saga.
A U.K. judge has ordered Apple to admit on its website and in British newspapers that Samsung has not copied the design of the iPad. Previously, the U.K. court had ruled that Samsung’s Galaxy Tabs didn’t ripoff the iPad because “they are not as cool.” What today’s ruling essentially means is that Apple will have to advertise for Samsung’s Galaxy series on the web and in British newspapers.
US District Court Judge Lucy Koh rejected requests today from both Apple and Samsung regarding the parties’ proposal to keep portions of key legal documents out of the public eye during their upcoming patent case in California this month.
If you’ve been following all the current pre-trial back and forth between Apple and Samsung in the Apple Inc v. Samsung Electronics Co Ltd et al, 11-1846 case, in which Apple has claimed Samsung is infringing on several patents, Samsung has counterclaimed similar infringement arguments, and Apple’s request for a temporary sales ban on the Samsung Nexus Phone has been accepted and enforced by the court.
You’ll also know that Judge Koh has been steadily, one might say doggedly, dealing with both parties, trying to keep the case as relevant, simple, and direct as possible.
In a new visual for the Apple Store website, Apple has posted a “We’ll be back” note for potential web visitors. What’s news about that? Well, there are 18 different languages that rotate through, each (assumedly) saying the same thing. We’re assuming this is regular maintenance for the site, but will keep an eye on things just in case.
It’s a nice international touch, and in keeping with Apple’s continuing success worldwide. Click on through to see if you can figure out all the languages – feel free to share in the comments below.
Another day, another patent infringement story. Today, HTC brought a couple of counterclaims against Apple in Florida over two patents it bought from HP last December.
The case they’re asserting the claims in is one that started in 2010, with a Motorola lawsuit against Apple. Six of the twelve Apple counterclaims in that lawsuit also concerned HTC. While HTC motioned to transfer the case out of Miami, they had to respond to those counterclaims. They did so by filing their own counterclaims.
In the continuing saga of Apple and Samsung in the copyright infringement trial in California recently, it seems as if Apple has a much stronger position than many people might believe. This isn’t a case of Apple stifling innovation, but rather of Samsung knowing very well that it has a weak case in both the claims it is defending against as well as the claims it has brought to court itself.
Apple’s reach in the consumer market is certainly great, but it turns out that they are just as influential when it comes to the retail world. This is pretty clear initially, when looking at how companies like Microsoft and Samsung blatantly rip off Apple’s retail store design.
Looking a little deeper, though, Apple also has a great amount of influence on salesmen themselves. Many companies are adopting Apple’s retail strategies due to the amazing success of the Apple Store.
In a very unusual revearsal from their previous position, Apple has re-embraced EPEAT environmental standards for all of its products.
Both Samsung and Apple filed pre-trial juror screening questionnaires with the US District Court that is handling the patent dispute originally filed by Apple agains Samsung. Potential jurors will have to answer close to 750 questions unless Judge Koh, the District Judge who has been handling this case, asks for some winnowing of the number of questions. 49 of those questions are from Apple, with the remaining 700 filed by Samsung. That’s six pages to forty pages, respectively.
By now, you’ve probably heard that Apple has a large data center in North Carolina which powers much of the iCloud ecosystem that Apple debuted in 2011. What you may not know, though, is that the small town of Maiden, North Carolina almost lost the contract with Apple. Thanks to GigaOm, we now know how it all went down.
Back in 1992, sci-fi futurist and console cowboy cyberpunk William Gibson of Neuromancer fame helped come up with a puzzle that has been puzzling computer cryptographers ever since.
At the 1992 Meeting of the Americas Society, a 3.5-inch disk meant to run on a Mac PowerBook was distributed alongside a limited print noir art book by Dennish Ashbaugh and Kevin Begos, Jr. On the disk was an unknown poem Gibson had penned called “Agrippa (a book of the dead)”. When the disk was plugged into a PowerBook, the text of the poem was displayed exactly once… and then a script on the disk caused the poem to be permanently scrambled so it could never be read again.
Two decades later, one cryptography student is trying to get to the bottom of how it all works.
Would you pay $20 to keep your Apple earbuds in your ears where they belong? Me too. Especially if the solution was as tiny, neat and portable as the earbuds themselves. So keep your fingers crossed (or better, stump up some cash) and hope that Zach Herbert and Adam Orshan’s Kickstarter project gets funded.
Microsoft has had a lot to say about Apple over the past couple days. The Redmond-based company is holding its annual Worldwide Partner Conference this week, and some recent comments from Microsoft COO Kevin Turner and CEO Steve Ballmer address the company’s stance on Apple as a competitor.
Apple CEO Tim Cook and the late Steve Jobs have spoken out multiple times on how the iPad and iPhone have pioneered the “post-PC era.” Instead of needing a traditional desktop computer, consumers are turning to tablets and smartphones for their everyday habits. Today, Microsoft’s Turner called Apple out on its post-PC label, saying “We actually believe Windows 8 is the new era for the PC plus.” Yesterday, Steve Ballmer said, “we are not going to leave any space uncovered to Apple.”
Apple recently pulled all of its products from the U.S. government-backed Electronic Product Environmental Assessment Tool (EPEAT). This is a big deal because EPEAT is largely considered the de facto “green” standard for U.S. companies.
The reason Apple withdrew its 39 products was speculated to be because of the EPEAT’s requirements for device repairability—something Apple has definitely shied away from in recent years with products like the iPhone, iPad, and new MacBook Pro with Retina Display. Apple has now issued an official statement on its decision to part ways with EPEAT.
Back in February it was discovered that Google was bypassing Apple’s privacy settings in Mobile Safari on iOS. The search giant was making ad revenue from Safari users’ web activity by ‘tricking’ the default iOS browser to allow multiple tracking cookies.
6 months later, and Google is about to pay the “largest penalty ever levied on a single company” by the U.S. Federal Trade Commission (FTC). Google will pay $22.5 million to settle the charges issued by the FTC, and the code in question has already been disabled by Google in Safari on iOS.
More than any other iPod, the venerable iPod nano has tended to be the chrysalid of the family, morphing from one radically different shape to the next with every successive generation.
The first couple generations of the iPod nano tended to be long and thin devices, to be replaced with a squatter square third-gen model, before returning to its familiar rectangle shape for the fourth and fifth generations, only to become a radically different touchscreen Shuffle-sized device in 2010.
Crazy. So what’s next for the iPod nano? According to a new report, it’ll stay a multitouch device, but again become long, thin and rectangular. It’ll even get a home button!
In 2006, Apple released an iPod that, to this day, is unique amongst all of the iPods it sells in that it didn’t come with a standard Dock Connector: the iPod shuffle.
In order to save space in a design that was built from the ground up to be as tiny as possible, Apple jettisoned the traditional 30-Pin Dock Connector in the second-gen shuffle in favor of a clever implementation of USB that plugged in right through the 3.5mm audio jack.
For the last six years, Apple has favored this implementation of USB syncing and charging in its line of iPod shuffles, even as every other model of iPhone, iPod or iPad shipped with a much bulkier 30-Pin Apple Dock Connector.
As rumors have heated up that Apple will abandon the 30-Pin Dock Connector in the next iPhone for a slimmer 19-Pin Connector, a natural question to ask is, “why?” If Apple just wants to save space in the next iPhone, why not just adopt the time-tested iPod shuffle’s approach, which is about the most efficient and elegant implementation of USB ever designed?
The answer’s simple: while the iPod shuffle’s USB design is ingenious at syncing and charging, it’s really crappy at everything else that the 30-Pin Dock Connector is designed to do. But what does the 30-Pin Dock Connector do, why doesn’t Apple just use USB like most of its competitors, and why is 19-Pin — not 30 — the way to go?
According to Barron’s today, Apple tops the list of tech companies keeping large amounts of cash reserves overseas. Barron’s quotes Moody’s Investor Services as estimating Apple’s overseas cash supply at $74 billion, which is higher than the $64 billion of last year.
Apple isn’t the only technology company sending cash and other liquid investments out of the country, of course. Microsoft comes in second place with an estimated $50 billion in cash, while Cisco and Oracle are estimated to have $42.3 and $25.1 billion socked away in cash, respectively.
We’ve all been waiting with bated breath for Apple to take the mobile payment industry by storm and bring it to the mass consumer market. For years, there have been whispers that Apple is working on its own approach to reinventing mobile payments, including the possibility of a NFC-equipped iPhone. When Apple unveiled Passbook in iOS 6 last month, the company announced its first real foray into mobile payments by partnering with select companies for handling virtual goods like coupons and airline tickets.
According to a new report on The Wall Street Journal, Apple’s Passbook is only a shadow of things to come. The company is “deliberately” working on its own mobile payment system, and while the rest of its competitors scramble to test the waters, Apple is sitting back and developing the right strategy.
The US Court of Appeals for the Federal Circuit granted Samsung’s latest motion for an immediate, temporary stay of Apple’s injunction against the Galaxy Nexus.
The temporary stay only covers now through the time when the Federal Circuit will decide on Samsung’s motion to stay the ban on a more permanent basis. According to Florian Mueller on FOSSPatents today, Apple has until July 12th to respond to the motion. The court will then decide on the possibility and duration of a stay for the entire length of the appeal process. This could lead to a yo-yo effect, as each side responds in their own timeline and the Court puts any stay in force, or disables it, as they did today.