apple inc (AAPL) Key Developments
Apple Announces Earnings Results for the First Quarter Ended December 27, 2014; Provides Earnings Guidance for Second Quarter of Fiscal 2015
Mar 26 15
Apple announced earnings results for the first quarter ended December 27, 2014. For the quarter, the company posted revenue of $74.6 billion and net profit of $18 billion or $3.06 per diluted share. These results compare to revenue of $57.6 billion and net profit of $13.1 billion or $2.07 per diluted share in the year-ago quarter. International sales accounted for 65% of the quarters revenue. The results were fueled by all-time record revenue from iPhone and Mac sales as well as record performance of the App Store. iPhone unit sales of 74.5 million also set a new record. EPS growth was 48% over last year and $33.7 billion in operating cash flow during the quarter. The company spent over $8 billion on capital return program.
The company provided guidance for its fiscal 2015 second quarter. For the quarter, the company expects revenue between $52 billion and $55 billion, gross margin between 38.5% and 39.5%, operating expenses between $5.4 billion and $5.5 billion, other income of $350 million and tax rate of 26.3%.
Apple, Hon Hai Plans to Launch iphone Old-For-New Service in Mainland China
Mar 26 15
Apple plans to join hands with Hon Hai to launch iPhone old-for-new activities in mainland China, which indicates the partnership between the two are deepening. Consumers will be able to purchase new iPhones with old ones in franchised store across China starting March 31. Chinese market is a key link of Apple's growth plan; hot sales of big-screen iPhones fueled profits to hike to USD 18 billion in the last three months last year. Staff of mainland stores will evaluate old iPhones first, and Hon Hai will directly purchase the old iPhones sold in the Greater China. The old iPhones will be repaired first if needed and then will be sold to other users through online stores like efeihu, flnet and taobao. Hon Hai is in talks on sales of old iPhones via brick-and-mortar stores, and the old-for-new activity would be brought online in the future.
Apple Reportedly Acquires FoundationDB
Mar 24 15
Apple Inc. (NasdaqGS:AAPL) has acquired FoundationDB, LLC, TechCrunch has learned. It seems likely that this was an acquisition designed to bolster Apple’s server-side technologies for the App Store, iTunes Connect or iTunes in the Cloud. “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” said Apple, in response to an inquiry.
Apple Inc. Announces Financial Results for the First Quarter Ended December 27, 2014; Provides Earnings Guidance for the Second Quarter of 2015
Mar 19 15
Apple Inc. announced financial results for the first quarter ended December 27, 2014. The company posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion, or $3.06 per diluted share. These results compared to revenue of $57.6 billion and net profit of $13.1 billion, or $2.07 per diluted share, in the year-ago quarter. The results were fueled by all-time record revenue from iPhone and Mac sales as well as record performance of the App Store.
The company is providing the following guidance for its fiscal 2015 second quarter: revenue between $52 billion and $55 billion; gross margin between 38.5% and 39.5%; tax rate of 26.3%.
Apple Inc.(NasdaqGS:AAPL) added to Dow Jones Composite Average Index
Mar 19 15
Apple Inc. has been added to Dow Jones Composite Average Index