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Time Warner Cable lost 169,000 subscribers, spares DirecTV's blushes
TWC pushed out its second quarter results, showing it's following the trend of shedding customers without hurting the bottom line. It took in $5.4 billion in revenue for the three month period -- with more cash coming from selling higher tiers of service to existing users -- leaving it with a net profit of $452 million. The company reported that it lost 169,000 residential video subscribers but gained 104,000 back across its high-speed data and voice businesses, which it described as "organic decline," but looks more like cord-cutting to us.
IDC: Apple's still king of the tablet hill with 68 percent of the market
IDC's cabal of statisticians, nerds and people who just love spreadsheets have handed down their latest document about the state of the tablet market. Of the 25 million slates shipped in the second quarter, 17 million of them were iPads -- giving Apple 68.2 percent of the market. Samsung came second with 2.4 million devices and Amazon third, although since the Kindle Fire maker doesn't reveal numbers, there's probably some guesswork involved there. Rounding out the top five are ASUS and Acer, although the former should expect to move up a place (or two), depending on the success of the Nexus 7 when Q3's results are released in a few months time.
Reminder: iWork.com beta shuts down today
iWork.com is dead. Long live iWork.com! Today is the last day that you'll be able to sign into the iWork.com beta. Apple's first attempt at creating a document sharing environment for Pages, Numbers, and Keynote documents never did make it to prime time. Tomorrow, iWork.com goes the way of the dodo and MobileMe. Apple has built in the capability of sharing your documents between your own devices via iCloud, with a recent update to the OS X version of iWork adding the ability to save to and read from iCloud. Any documents you have stored on iWork.com should have been moved to your iCloud account, provided that you used the same Apple ID to sign into both iWork.com and iCloud. If your documents somehow failed to make the transition to iCloud or if you just want to move them back to your Mac, Apple has full instructions here on how to download those precious files. #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Visualized: the iDevice influence on Apple's bottom line
Apple's Q3 earnings last week rang loud and clear: iDevices are paying Cupertino's bills. The customary numerics laid down the bare facts, citing an 84 percent increase in iPad sales since 2011 and a similar 28 percent jump for the iPhone. Of course, well-organized tables of sales data aren't for everyone, but who doesn't love a good chart? Stuart Carlton took it upon himself to graph the percentages of Apple's revenue that each of its product categories fill out, producing the above criss-cross of colored statistics. The graph compares Apple's Q3 sales data going back several years, and a second chart (after the break) compares the iPhone, iPad and iPod's share of the revenue directly with the rest of Apple's fare. Read on to take in the data for yourself, or hit the source link below for Carlton's own commentary.
Sprint's iPhone gamble isn't paying off as 2012 Q2 figures reveal $629 million operating loss
Sprint's second quarter figures have arrived, showing that the company's billion-dollar gamble on the iPhone isn't working right now. While it sold 1.5 million Apple-branded handsets in the three month period (40 percent to new and postpaid customers), it recorded an operating loss of $629 million and a colossal net loss of $1.4 billion -- compared to an operating loss of $255 million and a net loss of $863 million in the first quarter. Operating revenues of $8.8 billion improved on those in the first quarter by a single percent -- mostly due to higher service fees from its wireless offerings. It's also grown its cash reserves, up from $128 million last quarter to $267 million today, and can point to 442,000 postpaid and 141,000 new prepaid subscribers pushing the company's customer base up to 56 million nationwide -- mentioning that 60 percent of former Nextel users chose to remain with Sprint during the enforced change. The figures reveal that Sprint's eating around $782 million due to the shutdown of the Nextel platform and a further $184 million to end leases on antenna sites for the moribund network. It's also having to take a hit of $204 million due to its investment into infrastructure partner Clearwire. It's affirmed its $1 billion lending facility, contingent upon purchasing gear from Ericsson to help build its LTE network, which it aims to have installed in 12,000 sites by the end of the year. Of course, that purchase was prompted by the collapse of Philip Falcone's doomed LightSquared project, which caused the Now Network to lose $66 million in cash and its childhood innocence when it comes to trusting other people. Update: Big Yellow also mentioned that it has no plans to adopt a shared data plan to follow AT&T and Verizon.
Mountain Lion 101: The iCloud Document Library
One of my favorite features of Mountain Lion to demonstrate so far has been the iCloud Document Library. This is a way to store your iWork, TextEdit, and Preview documents in iCloud so that they are immediately accessible from other Macs on the same iCloud account as well as on connected iOS devices. TUAW blogger and developer Erica Sadun told me the secret behind this on Wednesday. If you go to your Library folder and open the "Mobile Documents" folder, you'll notice that the name of the folder changes to iCloud (see screenshot below). That's where all of those documents are saved, and it's even possible to just drag items into the folder to add them to your iCloud Document Library. In compatible apps, you'll find that selecting "Open" from the File menu displays a new Finder Open dialog with buttons for iCloud and "On My Mac". Selecting iCloud displays a very iOS-like dialog showing all compatible documents. Drag one document onto another, and you can create a folder -- another iOS feature. Likewise, selecting "Save As" from the File menu gives you the choice of saving a file to your iCloud Document Library. The updates to Pages, Numbers, and Keynote on the morning of July 25, 2012 added these capabilities to iWork '09. As an example, the same Open dialog with buttons for both iCloud and On Your Mac appears (see below). Users of the iWork.com beta will find that documents that they saved to that service magically appear in iCloud without requiring any work on their part. Is iCloud turning into a replacement for Dropbox? With the present pricing plans and capacities available for both services, I'd say the answer is "no". But for those who have minimal cloud storage requirements and who are using the handful of apps that currently take advantage of iCloud Document Library, iCloud and Mountain Lion are a well-designed and implemented alternative. Check out all our Mountain Lion 101 articles for more tips and features from the latest version of OS X.
Apple updates some iOS apps for better Mountain Lion and iCloud compatibility
Mac apps aren't the only ones getting updates today. Apple has released updates to Pages, Keynote, Numbers, and iTunes U for iOS, improving compatibility with iCloud, according to a post on MacStories. Pages, Keynote and Numbers have all been updated to version 1.6.1. According to the update notes, the new apps work "with iCloud to make documents automatically available between your iOS device and [Pages/Keynote/Numbers] on your Mac. Changes you make to a document on one device are instantly available on the other." The update also requires that Pages 4.2, Numbers 2.2, and Keynote 5.2 be installed on your Mac. iTunes U 1.2 adds the ability to search from within posts, assignments, notes and materials for any subscribed course. There's also a new sharing sheet in iTunes U for sharing your favorite courses with friends via Twitter, Messages, and Mail. #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Apple releases iWork, iPhoto, Safari, Aperture, iMovie updates
Apple has released updates to iWork, iPhoto and Safari, each offering compatibility with Mountain Lion, which shipped today (our review). The iWork suite (Pages, Keynote and Numbers) now offers iCloud & Retina MacBook Pro support. iCloud support will let users begin working on one device, stop and then resume on another compatible Mac or iOS device. With iCloud, changes are synced across all devices automatically. Click to grab the latest Pages, Keynote and Numbers. Note that these apps are still labeled as "'09." iPhoto 9.3.2, available today, lets users share photos via Messages and Twitter. Finally, Safari 6 has a unified search field/address bar, much like Google's Chrome. You'll also find support for Reading List offline, iCloud tabs and compliance with Do Not Track. There's more! Apple has also issued iMovie 9.0.7, which, according to Apple, Fixes an issue related to third-party QuickTime components that could cause iMovie to quit unexpectedly. Resolves stability issues when previewing MPEG-2 video clips in the Camera Import window Fixes an issue where audio was not included when importing MPEG-2 video clips from a camera Finally, Aperture 3.3.2 includes compatibility with Mountain Lion plus: Addresses issues that could affect performance when entering and exiting Full Screen mode Auto White Balance can now correct color using Skin Tone mode, even when Faces is disabled Projects and albums in the Library Inspector can now be sorted by date in addition to name and kind Performance and stability improvements Go get 'em. #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
Apple updates iWork suite with support for Mountain Lion, Retina MacBook Pro
Looking for something else to download once you're finished with all 4.34GB of Mountain Lion? Then you'll be glad to know that Apple has now also updated its full iWork suite of applications for the occasion. That includes Pages, Keynote and Numbers, all of which have not only be updated with support for new Mountain Lion features like dictation and iCloud syncing, but support for the new Retina display-equipped MacBook Pro as well. No major changes beyond that, from the looks of things, and all three are of course free updates in the Mac App Store for those that have already purchased them (they run $20 apiece for everyone else).
Apple announces Q3 2012 earnings: $35 billion revenue, $8.8 billion in net profits
It's hard to believe its been just three months since we were here last, but it's true. It's already earnings season again and, in the feast of financial conference calls, Apple is an entree. Not surprisingly, Cupertino was raking in the big bucks yet again, but it wasn't quite the windfall of revenue the company has seen in the past. All told the company pulled in $35 billion in revenue, pocketing $8.8 billion of that as pure profit, a record for both in Q3. But, just cause it wasn't quite as lucrative a quarter doesn't mean the boys in Cupertino aren't happy with the results. Profits were up $1.5 billion from Q3 of 2011, allowing the company to carry forward with its plan to issue a cash dividend to its share holders. During the last three months the company shipped 17 million iPads, an 84 percent increase over the same quarter last year -- a simply staggering number. And don't think that its other premier gadget has plateaued. 26 million iPhones were also sold, representing a 28 percent increase year-over-year. Interestingly, Mac sales slowed, increasing just two percent over last year, largely thanks to a 13 percent drop off in desktop sales. The biggest money maker for the company continues to be the iPhone and its related products and services, however. More than $16 billion of the total revenue is directly attributable to the smaller member of the iOS family. The iPad is quickly closing the gap, netting Apple over $9 billion in this quarter alone. As a percentage of revenue, the iPod continued to decline, marking the slow death of the once flagship product line. While revenues were down sequentially, it's the year-over-year numbers that tell the real story. Revenue was up $9.5 billion from Q3 of 2011 and net income by $1.5 billion, as the company has continued to increase its market share and open up to niches to itself. For the next quarter Apple actually expects a small drop in both revenue and earnings per-share, but not enough that we expect Wall Street types to start yelling, "sell, sell, sell!"
AMD reports Q2 earnings: continues to see revenues drop, $37 million net income
Well, things are looking slightly better for AMD this quarter. While revenues continued to decline the company actually posted a profit of $37 million, a stark contrast to $590 million net loss from last quarter. Still, with revenues down 11 percent sequentially and 10 percent year-over-year to just $1.41 billion the company isn't meeting expectations. Earnings per share were aticipated to hit $0.07, but the Sunnyvale crew only managed an EPS of $0.05. The company blames the softening PC market for its continued struggles, especially in the desktop space where it has traditionally enjoyed more success. It continues to plug away with its A and E series APUs, but it's still struggling to make much of a dent in a world increasingly dominated by Intel. The Computing Solutions division saw its revenues decrease 13 percent both sequentially and year-over-year, while the GPU department was down five percent for the quarter, but steady compared to the same time last year. For more detail hit up the source link.
Microsoft announces record Q4, $18.06 billion in revenue
Microsoft has just dropped its Q4 2012 earnings report and things are looking pretty darn good... depending on your angle. The company reported a record fourth quarter revenue of $18.06 billion, but did suffer a net loss over the last three months of $492 million. While the net loss was in stark contrast the net profit of $5.87 billion from the same time last year, Microsoft is still optimistic heading towards the launch of Windows 8 and its sibling mobile platform. And who can blame them, the new OS is sure to drive plenty of consumers to their local Best Buy with fists full of cash. And, it's easy to paint a rosy picture as long as revenues continue to grow, as they did by roughly $700 million compared to Q4 2011, and roughly $600 million sequentially. It's also important to realize that that loss is due to a one-time "goodwill impairment charge" associated with the collapsed aQuantive deal that set Redmond back $6.2 billion. A good chunk of the revenue increase is thanks to the company's Business and Server divisions, which saw growths of seven and 13 percent, respectively. Income from the Entertainment and Devices division, which makes up a much smaller chunk of revenue over all at just $1.78 billion, also grew dramatically year-over-year, largely because of the inclusion of Skype. Alongside Q4's results, Microsoft also released its year-end financials and, while that $6.2 billion lump drove profits down, revenues were up by $3.76 billion from 2011. Even with the aQuantive related hit, Redmond still managed to post a net income of $16.98 billion for the year. For all the finer financial details hit up the source link.
Intel reports Q2 earnings: rakes in $13.5 billion, pockets $2.8 billion
Intel is back to its old games in Q2 of 2012, raking in $13.5 billion during the second three month financial period of the year, up from $12.9 billion in the first quarter and a solid five percent year over year. Of that impressive pile of cash, Chipzilla was able to pocket $2.8 billion in net income, up $100,000 from Q1 and three percent from the same time period last year. That equates to a healthy $0.57 per share in earnings, which should make investors happy. PC Client Group enjoyed slow but steady growth, seeing its revenues grow by three percent, but the big story is the Data Center division which saw revenues climb 14 percent to $2.8 billion, sequentially. It's not all wine and roses however, the processor giant also lowered its expectations for Q3 after falling slightly short of its goal this quarter. Growth is expected to continue, but at a much slower rate thanks to the "challenging macroeconomic environment." Of course, an estimated $14.3 billion in Q3 would match its previous earnings record and is hardly anything to sniff at. During today's earnings call Paul Otellini took time to brag about how well the current generation of products was performing. Production had ramped up quicker than previous gen hardware, and was selling better than earlier lines of CPUs. And, though he gave no specifics, he said the company's tracking at least 20 Windows 8 tablets powered by Intel's hardware. The company also said that it credited most of its (admittedly limited) growth in the PC market to reclaiming a tiny sliver of the bottom end from AMD. Otellini also reaffirmed that Clovertrail devices will be on the market just in time to be shoehorned inside Windows 8 tablets at the launch of the new OS.
Chrome tops 310 million users, almost 100% growth over last year
Last year at Google IO, the company was bragging that it had racked up 160 million Chrome users. Since then, that number has nearly doubled, with the company claiming 310 million active users. Those consumers download roughly 1TB of data per day and type about 60 billion words according to Mountain View's crack team of analysts. The company even claims that 13 years of time have been saved thanks to the magic of Chrome's speedy rendering engine. Check out our full coverage of Google I/O 2012's developer conference at our event hub!
Google+ has 250 million users, more mobile than desktop
Google wasn't going to leave its budding social layer (don't call it a network) out of today's IO fun. It gave itself a bit of a pat on the back for (probably) exceeding people's expectations. For all the jokes that have been made (some of them on this very site) at Google+'s expense, it's racked up more than 250 million users. Sure, only 150 million actually active, but simply getting people signed up is a victory in itself. And, hey, about 50 percent of them sign on every day. More interestingly, Vic Gundotra says that more users are signing in with the mobile app than visiting the desktop site. That's great news to go along with the dedicated tablet version that was also announced. Check out our full coverage of Google I/O 2012's opening keynote at our event hub! %Gallery-159276%
Barnes & Noble's Q4 and FY 2012: revenue up, losses up, hopes Microsoft hurries up
Barnes & Noble has released its financial results for both the final quarter and full financial year of 2012. It's a picture of a company that's holding steady in the face of continued onslaught from its rivals, albeit with some hope on the horizon. In preparation for its as-yet-unnamed venture with Microsoft, the company has begun the process of spinning off its Nook and College businesses -- while sales from stores and BN.com now come under the umbrella term of "retail." On that front, it sold $1.1 billion worth of books in the quarter and $4.85 billion for the year -- down from $4.92 billion in 2011. Nook-wise, the company had turnover of $933 million, with device sales increasing 1 percent for the quarter and 45 percent of the year -- but had to eat a loss on taking back unsold Simple Touch readers. Content sales on its various devices increased 65 percent in the quarter and 119 percent in the year -- clearly showing where the market is headed.
Apple brags: sells 365 million iOS devices, 140 million iMessage users
Apple has never shied away from taking a few shots at Android during its WWDC keynotes, and why would 2012 be any different. Just before taking the wraps off iOS 6, Apple took some time to toss out a few numbers highlighting its spectacular sales and sizable user base. All told, by the end of March, the company had moved 365 million iOS devices, with the vast majority of them (80 percent) running iOS 5 -- a point they made sure to drive home with a graphic comparing the install base of Android 4.0. But, sales alone mean nothing without an active user community. Which is why Cupertino was so happy to report that 140 million iMessage users were sending more than one billion messages each day, for a grand total of 150 billion SMS and MMS missives. Push notifications have also clearly taken off in a big way, with 1.5 trillion having graced our notification screens. Check out our full coverage of WWDC 2012 at our event hub! %Gallery-157909%
NVIDIA reports Q1 earnings: rakes $60.4 million profit on $924.9 million in revenue
What's black and white and red all over? One thing it's probably not is NVIDIA's Q1 2013 earnings report. That's why we're here to dig through the muck and tell you that the company saw both profits and revenue fall from last quarter. Revenue was down three percent to $924.9 million but, more shockingly, net income dropped 47.9 percent to just $60 million. With a slew of new product launches over the last few months NVIDIA is optimistic about the future and actually managed to beat Wall Street's expectations. Though it offers little explanation for the drop off in its earnings press release, we'd expect things to get back to normal soon. For all the fine financial details, check out the PR after the break.
Sprint CEO takes pay cut as investors voice concern about cost of iPhone deal
Sprint Nextel's $15.5 billion gamble on Apple's iPhone will apparently lighten CEO Dan Hesse's proverbial wallet by $3.25 million this year. That's how much compensation Hesse agreed to give back to help placate investors unhappy about the high cost of the company's iPhone deal. Securing the iPhone has already paid dividends for Sprint in terms of sales. The company sold 1.5 million iPhones in the first quarter while posting a net subscriber growth of 263,000. That didn't stop Sprint from posting an $863 million net loss during the same period, however, causing some investors to grumble about the cost of subsidizing Apple's phone. The subsidy Sprint pays for each iPhone is 40 percent higher -- about $200 -- than what the company pays for other competing devices. Don't feel too bad for Hesse, though. Apparently, the financial gesture basically brings back his "compensation target opportunities" to 2010 levels.
IDC: Apple makes big gains in tablet market, Android stumbles
Research firm IDC predicted there would be a steep drop off in tablet shipments during Q1 of 2012. Following the surge of sales during the holiday season, a fall of 34 percent, while certainly staggering, is hardly surprising. But there's bad news: shipments failed to meet even those bleak predictions. Shipments fell by 38.4 percent, thanks in large part to Android slates stumbling dramatically. After a reasonably impressive holiday season, IDC expected Android would continue to make inroads in the market. Instead, the number of units moved dropped drastically, allowing Apple to not just maintain its position at the top of the heap, but assert an unquestionable dominance not seen since the early days of Honeycomb. After accounting for 54.7 percent of all tablet shipments in Q4 of 2011, the iPad opened up an impressive lead, claiming 68 percent of the market in Q1 of 2012. What's more, after catapulting to the number two spot by shipping 4.8 million units at the end of last year, Amazon fell to number three -- accounting for only 4 percent of tablets shipped, a precipitous fall from 16.8 percent last quarter. That's good news for Samsung, however, which reclaimed its place as first runner up slate wars. For more, check out the PR after the break.
