These are the most important numbers from the report compared to what analysts were expecting as compiled by Bloomberg.
Revenue: $59.7 billion versus $52.3 billion expected
Earnings per share: $2.58 versus $2.07 expected
iPhone revenue: $26.42 billion.
Services revenue: $13.2 billion versus $13.1 billion expected
Accessories: $6.5 billion versus $6.1 billion expected
Apple’s quarter was far outpaced what analysts had expected of the company thanks to strong performance from its accessories and services arms. Both iPhone and Mac revenue were also up in the quarter.
With the company’s stock price approaching $400 a share, the firm announced a 4 to 1 stock split alongside its earnings report.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Apple’s earnings come just a day after CEO Tim Cook sat before the House Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law to answer accusations that the company abuses its market power to stifle competition in the Apple App Store.” data-reactid=”37″>Apple’s earnings come just a day after CEO Tim Cook sat before the House Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law to answer accusations that the company abuses its market power to stifle competition in the Apple App Store.
The company’s Q3 report, however, hasn’t been much of a focus for analysts, as much of the conversation about Apple has revolved around the tech giant’s upcoming launch of its iPhone 12. The next-generation iPhone is expected to be Apple’s first 5G-capable device and could lead to a so-called “super cycle,” during which the company would see a larger than normal uptick in iPhone sales.
The idea is that consumers who have held on to their devices for several years will jump at the chance to get a new iPhone with a new form of cellular connectivity that promises dramatically increased data.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="But with consumer personal consumption spending in Q2 falling a whopping 34.6% due to COVID-19 shutdowns, and more than 50 million Americans out of the workforce, investor hopes of a massive uptick in year-over-year iPhone sales in the coming quarters may not be in the cards.” data-reactid=”40″>But with consumer personal consumption spending in Q2 falling a whopping 34.6% due to COVID-19 shutdowns, and more than 50 million Americans out of the workforce, investor hopes of a massive uptick in year-over-year iPhone sales in the coming quarters may not be in the cards.
Apple’s stock was up more than 4% following the report.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Correction: iPhone revenue expectations have been revised.” data-reactid=”42″>Correction: iPhone revenue expectations have been revised.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Got a tip? Email Daniel Howley at email@example.com over via encrypted mail at firstname.lastname@example.org, and follow him on Twitter at @DanielHowley.” data-reactid=”43″>Got a tip? Email Daniel Howley at email@example.com over via encrypted mail at firstname.lastname@example.org, and follow him on Twitter at @DanielHowley.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="More from Dan:” data-reactid=”44″>More from Dan:
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and reddit” data-reactid=”50″>Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and reddit
Twitter says Android security bug gave access to direct messages
The bug could have allowed a malicious Android app running on the same device to siphon off a user’s direct messages stored in the Twitter app by bypassing Android’s built-in data permissions. But, Twitter said that the bug, patched in October 2018, only worked on Android 8 (Oreo) and Android 9 (Pie), and has since been fixed.
A Twitter spokesperson told TechCrunch that the bug was reported by a security researcher “a few weeks ago” through HackerOne, which Twitter uses for its bug bounty program.
“Since then, we have been working to keep accounts secure,” said the spokesperson. “Now that the issue has been fixed, we’re letting people know.” Twitter said it waited to let its users know in order to prevent someone from learning about the issue and taking advantage of it before it was fixed.
Twitter said the vast majority of users had updated their Twitter for Android app and were no longer vulnerable. But the company said about 4% of users are still running an old and vulnerable version of its app, and users will be notified to update the app as soon as possible.
Many users began noticing in-app pop-ups notifying them of the issue.
News of the security issue comes just weeks after the company was hit by a hacker, who gained access to an internal “admin” tool, which along with two other accomplices hijacked high-profile Twitter accounts to spread a cryptocurrency scam that promised to “double your money.” The hack and subsequent scam netted over $100,000 in scammed funds.
The Justice Department charged three people — including one minor — allegedly responsible for the incident.
Samsung's Galaxy Note 20 series doesn't include USB-C earbuds in its box – MobileSyrup
Though rumours indicated that Apple would likely be the first smartphone manufacturer to stop including wired headphones in its flagship smartphones’ boxes, Samsung has made the controversial move first with the release of the Galaxy Note 20 and Note 20 Ultra.
In the box, the Note 20 series includes a charging brick, a SIM card removal tool, a USB cable, an S Pen and of course, either the Note 20 or the Note 20 Ultra — the AKG USB-C headphones that came with the Note 10 and Note 10+ are nowhere to be found.
Samsung’s Note 10 and Note 10+ were the first smartphones from the South Korean tech giant not to include a 3.5mm headphone jack. These devices were followed by the S20, S20+ and S20 Ultra a few months later.
While Apple stopped including standard 3.5mm earbuds and a headphone jack with the iPhone alongside the release of the iPhone 7 back in 2016, the tech giant continues to offer Lightning headphones in the box. The iPhone 7 and iPhone 7 Plus were also the first iPhones to not feature a 3.5mm headphone jack.
At the time, Samsung poked fun at Apple with its ‘Growing Up’ series of commercials. The ads showed an iPhone user getting increasingly frustrated with the smartphone’s limitations before buying a Galaxy device instead. One part of the commercial focuses on a 3.5mm headphone-to-USB-C adapter. Samsung has also made jokes about Apple ditching the plug at Unpacked events.
Unsurprisingly, following the release of the Note 10 and Note 10+, Samsung’s first smartphones that don’t feature a 3.5mm headphone jack, the tech giant pulled the ads.
With all that said, there are still rumours circulating that Apple could stop including both USB-C EarPods and a charging brick with its upcoming 2020 iPhones. In Samsung’s defence, at least the company hasn’t pulled the charger from the box — at least not yet.
The company is also offering the first 15,000 Canadians that pre-order or buy the Note 20 an ‘e-voucher’ that gives purchasers the option of three-months free of Game Pass Ultimate, an Xbox controller and a wireless charger, or free Galaxy Buds+. With Note 20 Ultra pre-orders, you’ll be able to select between the same free gaming bundle, or Samsung’s new Galaxy Buds Live earbuds.
Unsurprisingly, I’ve yet to see any “courage” jokes related to Samsung ditching including wired earbuds with the Note 20 and Note 20 Ultra.
The 128GB Note 20, which is available in new ‘Mystic Bronze’ and ‘Mystic Green’ colours, is also available in ‘Mystic Grey,’ and costs $1,399 CAD. The 128GB Note 20 Ultra costs $1,818, and the 512GB configuration costs $2,029. Ultra colours include ‘Mystic Bronze’ and ‘Mystic Black.’
Canadian pricing and availability for Samsung Galaxy Note 20, Watch 3, Buds and Tab S7
Below is the Canadian pricing and availability for all of the devices that Samsung unveiled at its 2020 Unpacked event, including the Galaxy Note 20 and Note 20 Ultra, the Tab S7 and Tab S7+, the Galaxy Watch 3, Galaxy Buds Live and the Galaxy Z Fold 2.
Galaxy Note 20 and Note 20 Ultra
The 128GB Note 20 is available in new ‘Mystic Bronze’ ‘Mystic Green’ and ‘Mystic Grey,’ and costs $1,399 CAD.
The 128GB Note 20 Ultra costs $1,818 and the 512GB configuration costs $2,029. The Ultra comes in ‘Mystic Bronze,’ ‘Mystic Black’ and ‘Mystic White.’
Pre-orders for the Note 20 and Note 20 Ultra launch on August 5th with the smartphone being available starting August 21st. With the pre-order of the Note 20 Ultra, you can get either the Galaxy Buds Live or an Xbox Game Pass Bundle.
Carrier pricing is available, here.
Galaxy Tab S7 and Tab S7+
Tab S7 starts at $919 CAD for the 128GB model and goes up to $1,029 CAD for the 256GB storage option.
The Tab S7+ starts at $1,189 CAD and goes up to $1,299 CAD. It’s worth noting that both 256GB versions of the tablet are only available in ‘Mystic Black.’ The device launches on August 21st like the Note 20 series.
Galaxy Watch 3
The 45mm Galaxy Watch 3 costs $599 CAD and is available in ‘Mystic Black’ and ‘Mystic Silver,’ and the 41mm in ‘Mystic Bronze’ and ‘Mystic Silver’ costs $549.
The wearable releases on August 5th, and if you purchase the Galaxy Watch 3 between its launch and September 4th, you’ll get an e-voucher for a Wireless DuoPad at Samsung Experience Stores, Samsung.com or an authorized retailer.
Galaxy Buds Live
Samsung’s new high-end Galaxy Buds Live earbuds release on August 7th online in ‘Mystic White,’ ‘Mystic Bronze’ and ‘Mystic Black’ for $249 CAD. The Galaxy Buds Live will be available in-store on August 21st.
If you’re among the first customers to purchase the Buds Live between August 5th and September 4th, you’ll get a free e-voucher for a wireless charger pad or Samsung DuoPad.
Galaxy Z Fold 2
Not much is known about pricing for the Galaxy Z Fold 2, but pre-orders go live on September 1st in the United States. We’ve reached out to Samsung Canada for more information regarding Canadian pricing and availability.
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