apple inc (AAPL) Key Developments
Japan Post Holdings Co. Teams with International Business Machines Corp. and Apple Inc. to Develop Information and Communications Technology Services
Apr 30 15
Japan Post Holdings Co. announced that it will team up with International Business Machines Corp. and Apple Inc. to develop information and communications technology services aimed at improving the quality of life for the elderly. The three will conduct a pilot service in Japan in the second half of this year, using Apple's iPad tablet computers and IBM-developed applications to help communications between customers and their relatives as well as to support their daily activities such as shopping. The pilot service, to be offered to 1,000 Japanese, extends Japan Post's Watch Over service launched in October 2013. In the current service with a monthly fee of 1,000 yen, postmen visit elderly customers and their situations are reported to their relatives.
Fiat Chrysler Looks For Merger With Apple
Apr 29 15
Fiat Chrysler Automobiles N.V. (BIT:FCA) looking for a merger partner. Sergio Marchionne Chief Executive Officer of Fiat Chrysler states he is open for alliance with Apple Inc. (NasdaqGS:AAPL).
Apple Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 28, 2015; Provides Earnings Guidance for the Third Quarter Ending June 2015
Apr 27 15
Apple Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 28, 2015. For the quarter, the company reported net sales of $58,010 million against $45,646 million a year ago. Operating income was $18,278 million against $13,593 million a year ago. Income before provision for income taxes was $18,564 million against $13,818 million a year ago. Net income was $13,569 million or $2.33 per diluted share against $10,223 million or $11.62 per diluted share a year ago. The company reported surging profits amid booming demand for its latest iPhone models and sales breakthroughs in China.
For the six months, the company reported net sales of $132,609 million against $103,240 million a year ago. Operating income was $42,524 million against $31,056 million a year ago. Income before provision for income taxes was $42,980 million against $31,527 million a year ago. Net income was $31,593 million or $5.39 per diluted share against $23,295 million or $3.74 per diluted share a year ago. Cash generated by operating activities was $52,803 million against $36,208 million a year ago. Payments for acquisition of property, plant and equipment was $5,586 million against $3,367 million a year ago. Payments for acquisition of intangible assets were $155 million against $163 million a year ago.
The company provided earnings guidance for the third quarter ending June 2015. For the third quarter, the company expects revenue of $46 billion to $48 billion. Gross margin is seen between 38.5% and 39.5%. Tax rate will be 26.3%. The company expects OpEx to be between $5,650,000,000 and $5,750,000,000. The company expects OI&E to be about $350 million, and the company expects the tax rate to be about 26.3%. The company doesn't provide specific earnings guidance, but the outlook it did offer implied that it expects earnings of between $9.1 billion and $10 billion, or about $1.56 to $1.72 a share, given its current number of shares in circulation.
Apple Inc. Declares Quarterly Dividend, Payable on May 14, 2015
Apr 27 15
Apple Inc. approved an increase of 11% to the company’s quarterly dividend, and has declared a dividend of $0.52 per share, payable on May 14, 2015 to shareholders of record as of the close of business on May 11, 2015.
Apple Wins Patent Appeal in China
Apr 24 15
Apple has won an appeal in China over patent rights to voice recognition software such as Siri, with a court overruling an earlier decision that had gone against the US tech giant. The legal battle begun in 2012 when Shanghai-based Zhizhen Network Technology pursued Apple for allegedly infringing its Chinese patent with Siri, its 'intelligent personal assistant'. Apple asked a Chinese intellectual property body to declare Zhizhen's original patent ineffective but the request was rejected. The Beijing Higher People's Court upheld Apple's appeal, ordering the Chinese agency to reverse its decision. Zhizhen filed a lawsuit against Apple for intellectual property rights infringement in June 2012 at a court in Shanghai, where the Chinese firm is based.