AAPL shares opened almost 8 percent up this morning following Apple’s better-than expected Q3 earnings and sunny outlook for this quarter were announced yesterday.
Shares rose $7.33 after analysts were sufficiently convinced that Apple has “stabilized” falling iPhone sales, along with other positives like a booming App Store. Seriously, do the naysayers and doom-predicters never learn?
The headphone jack might not be the only feature Apple plans to throw away on the next iPhone.
Apple allegedly plans to replace its physical home button on the iPhone 7 (or iPhone 6 SE) with a new 3D Touch button that won’t move when you press it, but well instead give users a haptic feedback to replicate the feeling of pressing a button, like on the Magic Trackpad 2.
Apple shocked investors with better than expected earnings for Q3 2016 today, despite some ominous signs that some analysts claimed signaled we’ve reached peak Tim Cook.
Thanks to the booming App Store business and other Services, Apple raked in an impressive $42.2 billion in revenue, which Tim Cook says, “was way better than we expected from so many different points of view.”
Here are the most important takeaways from today’s earnings call:
Apple today revealed its results for the third fiscal quarter of 2016, and they make for surprisingly pleasant reading for investors. The company reported revenue of $42.2 billion and quarterly net income of $7.8 billion after App Store sales hit an all-time record.
James Corden’s popular “Carpool Karaoke” segment from The Late Late Show on CBS is set to become its own show later this year — and you’ll only be able to watch it on Apple Music.
The viral segment has been a breakout hit of 2016, thanks to appearances by Adele, Justin Bieber, Michelle Obama, Elton John and dozens of other stars who drive around Los Angeles singing popular songs. Now fans will be able to get their karaoke by streaming full episodes every week.
All eyes are on Apple this afternoon as the company is set to report its Q3 2016 earnings and Wall Street isn’t expecting anything great.
Apple CEO Tim Cook warned in March that the company will post declining revenues compared to a year ago, but with iPhone sales on the decline as customers wait to upgrade to the iPhone 7, the numbers could be a bit lower than investors are hoping for.
Today’s earnings call for Q3 2016 is set to kick off at 2 p.m. Pacific, when analysts from the top firms around the world will have a chance to ask Tim Cook and CFO Luca Maestri whether iPhone sales have finally bottomed out, or if things are still going to get worse before they get better.
Get in on the action below:
The long-awaited next version of the Apple Watch will supposedly be unveiled this fall, according to a new report from Asia that claims suppliers have received more conservative orders than expected.
Apple is set to reveal its quarterly earnings this afternoon for the third fiscal quarter of 2016 and if the analysts are right, it could be even worse than Apple’s last disastrous quarter.
Investors were advised by Apple during the last earnings call that revenue will likely be down from what it was in the same quarter last year. Apple is hoping it can get a boost from the iPhone SE and the App Store to stay within expectations, however troubles in China and low iPhone demand could hurt the company more than expected.
Here’s what to watch for when Tim Cook and Luca Maestri talk to investors later this afternoon:
Cult of Mac’s David Pierini traveled to KansasFest to meet Apple fans intensely devoted to the Apple II computer line. The machine turns 40 next year.
KANSAS CITY, Mo. — It’s rare we hear the term personal computer anymore. Yet personal is the only word to begin to understand KansasFest and a small but feisty community of preservationists who love the Apple II line of computers.
The 28th fest concluded Saturday and within the event’s first hour, attendees were already making plans to attend next year, the 40th birthday of the Apple II.
T-Mobile’s Binge On service has been expanded to cover a whole bunch of new content, including Apple Music videos. That means you can watch as many as you like on your iPhone without eating into your monthly data allowance.
We’re doing everything on our smallest screen, even photography. But Adobe knows that bigger may still be better when it comes to reviewing, sharing and enjoying those pictures.
Adobe, renowned for its imaging and multimedia software, announced Tuesday it is bringing Lightroom to Apple TV. It is now available in the App Store for a free download, but it will require a fourth generation Apple TV and a Creative Cloud subscription login.
If you ever thought about running an old PC app, you’ve learned it can be an involved and often frustrating task to use Windows software on a Mac. CrossOver takes the headache out of running your favorite Windows apps and Games on Mac or Linux machines. Right now you can get CrossOver’s latest version for $19.99.
As part of Apple’s two-step authentication service it’s possible for users to confirm their identity via an SMS sent to a trusted phone number.
That is about to change, however, according to the latest draft of the Digital Authentication Guideline, which reveals that the U.S. National Institute for Standards and Technology is set to ban all SMS-based two-factor authentication systems.
Apple Stores in Chicago were the target of “an organized criminal enterprise,” resulting in the arrest of six people from New York State, according to a new report, citing Lake County authorities.
The sheriff’s office claims that the suspects made fraudulent purchases from Apple Stores using stolen identities and credit cards.
Ford today confirmed plans to put CarPlay and Android Auto into all of its 2017 cars, SUVs, electric vehicles, and light trucks. The platforms will become part of the company’s own Sync 3 system, allowing drivers to connect their iPhone or Android device.
In the near future, you won’t even have to touch your iPhone to unlock it.
Smartphone manufacturers are racing to add new iris-scanning technology to devices, and Apple is also reportedly planning to join the battle by bringing the feature to iPhones in 2018.
Apple Watch is getting a ton of new features this fall for fitness freaks, giving wearers the ability to not only track their own fitness better than ever, but also go head-to-head with other Apple Watch-loving friends.
With iOS 10 and watchOS 3, Apple Watch owners can share their Activity rings to view each other’s progress and compete to be fittest person in the clique. Here’s how to get started:
Cult of Mac’s David Pierini traveled to KansasFest to meet Apple fans intensely devoted to the Apple II computer line. The machine turns 40 next year.
KANSAS CITY, Mo. – They say they travel to KansasFest to feel like kids again. Fest attendees stay up all night laughing, arguing and eating pizza. They program and play games on their Apple II machines and call each other nerd or geek.
Bullied and closeted as a boy, Martin Haye describes KansasFest as the childhood he wished he’d had.
“If I had this when I was 13, I would’ve been fine,” says Haye, 48, a programmer for the California Digital Library who lives in Santa Cruz. “I didn’t try to fit in but I was little, I carried a briefcase to school, I was a target. I have a good life now, but this week is the most intense, sustained, predictable happiness I’ve ever had.”
Bob Mansfield has been chosen to head up Apple’s “secret” electric car project three years after stepping down from his executive role, according to a new report.
Mansfield was previously in charge of Mac hardware at Apple and led development of products like the MacBook Air, iMac and iPad.
If you’re sick of looking at photos of the iPhone 7, perhaps this apparent iPad Pro 2 leak will leave you satiated. The images purportedly give us our first glimpse at Apple’s early prototypes ahead of this fall’s iPad refresh — but can we trust them?
The photos, which were sent into AppleInsider, don’t give too much away. Don’t expect them to spoil Apple’s big press event this September, then. One thing they do tell us is that Apple still hasn’t fixed its big bezel problem.
Nobody’s expecting big things from Apple’s quarterly earnings call this Tuesday, but it is possible that we’ll hear one incredibly significant metric announced at the event: Apple’s sale of its billionth iPhone.
While it is likely that iPhone sales will continue to decline this quarter — with 40 million likely to be reported as the number for the past three months — the billionth sales mark would serve to underline once again just what an enormous success the iPhone has been for Apple.
The Lightning cables we use to charge and back up our mobile devices are like lifelines, but they’re also prone to fraying and breaking. That’s why Titan has made their line of steel-sheathed MFi-Certified cables like tanks. They’re reliable and tough and pretty cool looking, too.
A new rumor coming out of China suggests that September’s next-gen iPhone won’t be called the iPhone 7 as expected, but rather the iPhone 6SE — continuing the naming scheme Apple introduced for its 4-inch iPhone SE earlier this year.
A separate report, meanwhile, suggests that it’s likely to debut on Friday, September 16. That’s just two months’ away…
Apple plans to open a new high-end app development center in Bengaluru, India, according to a new report, citing people familiar with the company’s plans.
The report claims that Apple has already come to terms concerning a 40,000 square foot office space, spread across two floors. It is likely that this space will house around 300 people, and will open in early 2017.
If you’re looking to unwind this fine Sunday by sampling the latest App Store delectables for your iPhone, iPad, Apple Watch or Apple TV, look no further: Cult of Mac has your back!
Whether you’re on the hunt for a great mashup between two classic card games, a real estate app optimized for your Apple TV, or more, we’ve got what you’re searching for.
Check out our picks below. You won’t be disappointed.
