Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

7/24/2013 (1 year ago)

Catholic Online (www.catholic.org)

Revenues of $35.3 billion in the quarter ending in June

Apple has received a boost in the marketplace with better-than-expected earnings. These figures were aided by strong sales of iPhones, boosting the sagging share price of the maker of the iPhone and iPad.

Rumors of new Apple unveilings include an 'iWatch' wrist computer, an improved Apple TV and lower-priced version of iPhone for developing markets such as China.

Rumors of new Apple unveilings include an "iWatch" wrist computer, an improved Apple TV and lower-priced version of iPhone for developing markets such as China.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

7/24/2013 (1 year ago)

Published in Technology

Keywords: Apple, iPhone, iPad, iWatch, sales, Samsung


LOS ANGELES, CA (Catholic Online) - The profit of $6.9 billion was down 22 percent from last year, translating to $7.47 per shares, ahead of Wall Street projections.

The Silicon Valley tech giant reported revenues of $35.3 billion in the quarter ending in June, helped by sales of 31.2 million iPhones, a record for the June quarter.

 
The resilient tablet, iPad sales were somewhat disappointing - however, at 14.6 million compared with 17 million in the same period a year ago.


Apple shares jumped nearly five percent in after-hours trade to $439.70 billion, helping a stock which has tumbled from last year's high above $700.


"We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, software and services," Apple chief Tim Cook says.


"We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014."


Apple is expected to unveil Smartphones and tablets in the coming months with bigger screens. Analysts say that this is an attempt to catch up with a trend set by its major rival Samsung.


Rumors of new Apple unveilings include an "iWatch" wrist computer, an improved Apple TV and lower-priced version of iPhone for developing markets such as China.


According to Apple chief financial officer Peter Oppenheimer, Apple generated $7.8 billion in cash flow from operations in the recent quarter and paid stockholders $18.8 billion through dividends and repurchasing shares.


Still held in high esteem for its trend-setting devices, Apples has been losing market share in Smartphone's and tablets, mainly to companies using the Google Android operating system.

 

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for January 2015
General Intention:
That those from diverse religious traditions and all people of good will may work together for peace.
Missionary Intention: That in this year dedicated to consecrated life, religious men and women may rediscover the joy of following Christ and strive to serve the poor with zeal.



Comments


More Technology

What you need to know about a coming WAR WITH MACHINES: Bill Gates, Elon Musk and Stephen Hawking warn about artificial intelligence Watch

Image of Leaders in the scientific and technological field believe that developing artificial intelligence is akin to creating a ticking time bomb.

By Matt Waterson (NEWS CONSORTIUM)

It is becoming more apparent that leaders in the fields of technology and science do not trust possible artificial intelligence. No less than Bill Gates, the co-founder of Microsoft, has come out warning the public about the potential dangers of AI, joining the ... continue reading


At 11.2 billion years old, oldest planetary system discovered by astronomers Watch

Image of The prehistoric star is considered cool and small when compared to our Sun. The figure only has about 75 percent of Earth's mass

By Catholic Online (NEWS CONSORTIUM)

The oldest planetary system yet discovered consists of a prehistoric star that has five planets orbiting around it. Labeled Kepler 444, scientists say the system is estimated to be around 11.2 billion years of age. LOS ANGELES, CA (Catholic Online) - The ... continue reading


Super thin, inexpensive solar panels may become Godsend to India and Africa Watch

Image of A new generation of solar panels made from a mineral called perovskite has the potential to convert solar energy into household electricity more cheaply than ever before.

By Magdalena Mis, Thomson Reuters Foundation

A new generation of solar panels made from a mineral called perovskite has the potential to convert solar energy into household electricity more cheaply than ever before, according to a study from Britain's Exeter University. LONDON (Thomson Reuters Foundation) ... continue reading


This San Francisco based company's one invention will REVOLUTIONIZE the developing world! Watch

Image of Much of the developing world relies on cheap, inefficient and dangerous scooters, as a main form of transportation.

By Matt Waterson (NEWS CONSORTIUM)

Cars are ubiquitous in the Western world, especially in the United States. However, many developing parts of the world lack the infrastructure to support automobile usage on a large scale, and poorer families lack the financial means to purchase a car or gasoline ... continue reading


'Big Brother' is watching you on your iPhone Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Former NSA contractor Edward Snowden, who blew the whistle on some dubious, privacy robbing practices of the United States government, now thinks that Apple's iPhone has "special software." This gadget, he says, lets authorities remotely gather information ... continue reading


Doomsday is approaching! The symbolic Doomsday Clock moves closer to the fatal end Watch

Image of This is the closest the world has been to Doomsday since 1953.

By Abigail James (NEWS CONSORTIUM)

Doomsday is the closest it's been since 1953, according to the Bulletin of Atomic Scientists' "Doomsday Clock." The clock now stands at three minutes to midnight. Midnight represents the end of the world. LOS ANGELES, CA (Catholic Online) - The Doomsday Clock, created ... continue reading


Search giant, Google, has daring plans to infiltrate the competitive wireless cellphone service market Watch

Image of

By Abigail James (NEWS CONSORTIUM)

The wireless phone game may soon be changing up. Currently there are four major names competing for customers, AT&T, Verizon, Sprint and T-Mobile. However, Google reportedly has plans to enter the business of cellular service. LOS ANGELES, CA (Catholic Online) - It was ... continue reading


High-tech drug smuggling: Drone found bearing meth near San Ysidro Port of Entry Watch

Image of Plastic webbing and strips of black tape was used to secure the drug packages to the drone, police said. The aircraft itself had six propellers and a lithium battery.

By Catholic Online (NEWS CONSORTIUM)

Drug smuggling has entered the high-tech age. A drone carrying methamphetamine, a stimulant that goes under the street names of "crank" and "Tina," crashed in Mexico near the San Ysidro Port of Entry this week. LOS ANGELES, CA (Catholic Online) - The unmanned ... continue reading


California-based rocket company gets big bucks influx from Google, Fidelity Watch

Image of SpaceX leader Elon Musk says that the revenue generated by the venture could go toward building a city on Mars. This, he says, would further his long-held goal of turning humanity into a

By Catholic Online (NEWS CONSORTIUM)

California-based rocket company SpaceX has received a $1 billion investment from Google and Fidelity. The sudden influx of cash now brings the company's worth to more than $10 billion. SpaceX intends to construct a globe-spanning satellite constellation. LOS ... continue reading


Is it world domination? No, it's just Netflix Watch

Image of Netflix, the Internet streaming giant, has posted higher than expected growth and revenue for 2014.

By Matt Waterson (NEWS CONSORTIUM)

Online streaming giant Netflix has finished 2014 with 57.4 million subscribers, up more than four million from their third quarter figures; making this their largest growth of subscribers all year. LOS ANGELES, CA (Catholic Online) - Additionally, the company's ... continue reading


All Technology News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Hebrews 10:32-39
32 Remember the great challenge of the sufferings ... Read More

Psalm, Psalms 37:3-4, 5-6, 23-24, 39-40
3 Put your trust in Yahweh and do right, make your ... Read More

Gospel, Mark 4:26-34
26 He also said, 'This is what the kingdom of God is ... Read More

Saint of the Day

Saint of the Day for January 30th, 2015 Image

St. Aldegunais
January 30: Virgin and abess, also known as Adelgundis, Aldegonde, or ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter