Tech
Apple reports Q4 results with record quarter revenue but shares tumble – CGTN
Apple on Thursday announced the financial results for its fiscal 2020 fourth quarter ended Sept. 26 with record revenue of $64.7 billion, up by 1 percent on an annual basis.
But the company’s shares nosedived more than four percent in after-hours trading on Thursday on word of a steep drop in sales of iPhones, which are at the heart of the tech titan’s money-making engine.
Its international sales accounted for 59 percent of the quarter’s revenue, while Apple’s net sales in the Great China region decreased to $7.95 billion from $11.13 billion a year ago, according to the company’s financial statement.
Sales of iPhone amounted to $26.44 billion, down by 21 percent from 33.36 $billion a year ago, though Mac sales increased to $9.03 billion from $6.99 billion a year ago.
“iPhone is the cash cow and the driver of pretty much every add-on service Apple has out there,” said analyst Patrick Moorhead of Moor Insights and Strategy in an interview with AFP.
The company’s services revenue reached $14.55 billion from $12.51 billion year on year. It also posted quarterly earnings per diluted share of $0.73.
“Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record, led by all-time records for Mac and Services,” said Apple’s CEO Tim Cook.
“Despite the ongoing impacts of COVID-19, Apple is in the midst of our most prolific product introduction period ever, and the early response to all our new products, led by our first 5G-enabled iPhone lineup, has been tremendously positive,” he noted.
“Our outstanding September quarter performance concludes a remarkable fiscal year, where we established new all-time records for revenue, earnings per share, and free cash flow, in spite of an extremely volatile and challenging macro environment,” said Luca Maestri, Apple’s CFO.
According to Maestri, Apple returned nearly $22 billion to shareholders during the quarter, as the company maintained the target of reaching a net cash neutral position over time.
Apple’s Board of Directors has declared a cash dividend of $0.205 per share of the company’s common stock. The dividend is payable on November 12, 2020 to shareholders of record as of the close of business on November 9, 2020.
(With input from agencies)
Tech
Downhill Bikes of Sea Otter – Part 2
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@juanhall: I gotta say, this was the most interesting bike in this post….love that Intense is experimenting with gearboxes…I can see it have a huge effect on DH bikes….thank god there’s still people pushing things. Now, they need to make an Enduro bike with the Pinion MGU!
Tech
Important updates regarding the Bob-Birnie Arena
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The City of Pointe-Claire would like to inform you that the Bob-Birnie arena will be closed for its annual maintenance as of Monday, April 29. The Annex rink will reopen to the public on Monday, May 13, and the arena’s Main rink will be accessible as of Monday, June 3.
Public skating will resume on May 13, and the summer public activities programming will begin on June 3 when both rinks have reopened to the public.
In addition to the annual maintenance of the facility, two renovation projects are also scheduled to start at the same time:
Installation of new sound systems
The City will be replacing its current sound systems in both the Main rink and Annex rink, to offer arena visitors a better overall experience, whether watching from the stands or participating in on-ice activities. This project is expected to be conducted throughout the month of May.
Renovation of locker rooms in the Main Rink
The City will also be renovating the five locker rooms located in the Main rink, to bring up to date the amenities currently available to participants. These renovations are expected to begin in early May and will be completed by mid-August.
For all information about the Bob-Birnie arena, visit the arena’s page on our website.
Tech
Surprise Apple Event Hints at First New iPads in Years – CNET
We haven’t seen a new iPad in years, but Apple seems likely to change that in just a few weeks. All signs point to the release of new iPad models in the first week of May.
This morning, I received an email invite for a virtual Apple event, scheduled for May 7 at 7 a.m. PT (10 a.m. ET). The invite, which says “Let Loose,” shows a drawing of a hand holding an Apple Pencil. Considering the iPad is the only device that uses the Pencil — that doesn’t leave much to the imagination.
Apple’s been expected to release new OLED-screened iPad Pros with newly designed Pencils and Magic Keyboard cases. New iPad Airs are also expected, including a larger-screened 12.9-inch model. Apple’s iPad Air lineup tends to be slightly redesigned versions of previous-model iPad Pros, so just look to the M2 iPad Pro lineup for a sense of what the next Airs could be. These would be the first new iPads since the iPad Pro M2 model arrived in late 2022.
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