Connect with us

Tech

Vergecast: a run through the Pixel 5 event – The Verge

Published

 on


Another week, another fall hardware event. On Wednesday, through a 30-minute infomercial, Google officially announced its new product lineup: the Pixel 5, the Pixel 4a 5G, Chromecast with Google TV, and Nest Audio.

On this week’s episode of The Vergecast, The Verge’s Nilay Patel, Dieter Bohn, Dan Seifert, and Chris Welch go into detail on these products (which were leaked pretty heavily this year) and discuss how they stand among the competitors in affordability and quality.

Also, in a not-so-coincidental state of events, Sonos has filed another patent lawsuit against Google, alleging the Nest and Chromecast line of products have infringed on five Sonos wireless audio patents. The Vergecast crew discusses the ongoing lawsuits and Sonos’ unique position to push back against Google.

You can listen to the entire conversation here or in the Vergecast feed on your preferred podcast player.

Stories from this episode:

Let’s block ads! (Why?)



Source link

Continue Reading

Tech

MagSafe Wallet for iPhone 12 Now Available for Pickup at Select Apple Stores Internationally – MacRumors

Published

 on


Apple’s new Leather Wallet with MagSafe for iPhone 12 models is available for pickup today or tomorrow at select Apple Stores in the United Kingdom, France, Germany, Italy, the Netherlands, Australia, Singapore, and Hong Kong. We’ve yet to see any pickup availability in the United States or Canada, but we’ll update this story if that changes.

A few customers have started sharing photos of the Leather Wallet on Twitter after completing a pickup at an Apple Store today.

Photo shared by Leonard on Twitter
As noted by 9to5Mac, it also appears that some customers are beginning to see their online orders marked as shipped earlier than expected. Many of these customers are seeing an estimated delivery range of November 2-9.

Priced at $59 in the United States, the MagSafe Wallet is designed to magnetically attach to the back of iPhone 12 models, allowing customers to carry a few credit cards or IDs with their device. The wallet is designed with tanned European leather and is offered in four colors: Baltic Blue, California Poppy, Saddle Brown, and Black.

Let’s block ads! (Why?)



Source link

Continue Reading

Tech

Apple Just Closed a Record Fiscal Year, Despite COVID-19 – Motley Fool

Published

 on


Even without any new iPhones, Apple (NASDAQ:AAPL) just reported a slew of records in its fiscal fourth-quarter earnings release yesterday. The iPhone 12 and 12 Pro were unveiled earlier this month, after the Mac maker had already closed the books on the quarter, but strength across other parts of the business helped partially offset the decline in iPhone revenue.

Here’s everything you need to know about Apple’s Q4 results.

iPhone 12 and 12 Pro launched after the quarter closed. Image source: Apple.

Every non-iPhone segment crushed it

Revenue came in at $64.7 billion, a cool $1 billion ahead of the consensus estimate. That translated into net income of $12.7 billion, or $0.73 per share, topping the $0.70 per share in profits that Wall Street was expecting. Remember that Apple did a 4-for-1 split in August, which is why that EPS figure may look light.

As expected, iPhone revenue declined by over 20% to $26.4 billion as customers anxiously awaited the new models. The wholesale shift to remote work and learning has driven a broad boom in demand for laptops and tablets, which pushed Mac and iPad revenue to all-time records. Mac revenue was $9 billion while iPad revenue was $6.8 billion, despite the Cupertino tech giant facing supply constraints for virtually all major products, an imbalance that persists to this day and now includes the new iPhones.

Services revenue hit a new record at $14.5 billion, and that segment has now generated $54.8 billion in trailing-12-month (TTM) sales. In other words, Apple has handily beat the goal of doubling services revenue it laid out so many years ago. There are now 585 million paid subscriptions being billed through the company’s various platforms, putting another goal set by CFO Luca Maestri earlier this year — hitting 600 million paid subscriptions by the end of 2020 — within easy reach.

As part of Apple’s ongoing efforts to shift attention away from plateauing iPhone sales, it has been highlighting revenue growth excluding the iPhone in recent years. This figure has been accelerating quite well, hitting 25% last quarter.

Chart showing Apple's revenue growth excluding iPhone sales over time

Data source: SEC filings and author’s calculations. Chart by author. Fiscal quarters shown.

The iPhone installed base has hit a new all-time high, although management did not disclose a specific figure. Independent analyst Neil Cybart recently estimated that iPhone users have reached 1 billion. Fiscal 2020 was a record year with revenue of $274.5 billion.

Giving cash back

Apple repurchased $18 billion worth of stock during the quarter, bringing full-year buybacks to an astounding $72.5 billion. Total cash was $191.8 billion, and factoring in $112.4 billion in debt brings net cash to $79.4 billion. Slowly but surely, the company continues to make progress on the “net cash neutral” goal that Maestri set back in early 2018.

Chart showing Apple's net cash position over time

Data source: SEC filings. Chart by author. Fiscal quarters shown.

The board has authorized a quarterly dividend of $0.205 per share, which will be payable to shareholders of record as of Nov. 9.

Looking ahead

Maestri stopped providing specific financial guidance earlier this year due to all of the ongoing macroeconomic uncertainty related to the pandemic but did offer some commentary. Of course, iPhone revenue will soar next quarter, even though the new iPhone 12 lineup is launching meaningfully later than in prior years due to coronavirus-related delays that have impacted the supply chain.

All other products and the services business are expected to grow by double-digit percentages. Gross margin should be roughly flat, as the seasonal operating leverage that Apple typically enjoys over the holidays is offset by the heightened costs that are normally associated with new product launches. Fortunately, foreign exchange headwinds have mitigated, so Maestri doesn’t expect currency fluctuations to be a major issue.

CEO Tim Cook said Apple is working as hard as it can to overcome supply constraints. That will be critical to the company’s execution in the weeks ahead, which will include the launch of iPhone 12 Mini, iPhone 12 Pro Max, and potentially even more products that have been rumored, like AirTags or an Arm-based Mac.

Let’s block ads! (Why?)



Source link

Continue Reading

Tech

Here's what every major Wall Street analyst says about Apple's earnings report – CNBC

Published

 on


CEO Tim Cook waves while arriving on stage during a previous Apple Worldwide Developers Conference (WWDC) in San Jose, California.
David Paul Morris | Bloomberg | Getty Images

(This story is for CNBC Pro subscribers only).

Apple’s latest earnings report was received cautiously by top Wall Street analysts as uncertainty around iPhone sales weighed against better-than-expected headline numbers.

The consumer tech giant reported higher-than-expected earnings per share and revenue for its fiscal fourth quarter Thursday, with results for services, Mac computers and iPads beating projections. Sales of the flagship iPhone, however, fell short, and Apple did not provide guidance for the upcoming quarter.

Shares of Apple were down about 4% in premarket trading to around $111 per share as traders digested the report.

Let’s block ads! (Why?)



Source link

Continue Reading

Trending