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Apple: $300 is my new 12-month price target

Sat, 2019-05-04 00:43

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “After reading the Q2 earnings transcript, I am going to make another bold projection that AAPL takes out their previous highs of $233.47 per share and surpasses the $300 mark by this time next year,” Steven Fiorillo writes for Seeking Alpha. “AAPL is no longer just a phone company who makes other products. Their business is rounding out, and Services is going to be a treasure trove of untapped potential… I believe this is just the beginning for Services as the Apple ecosystem grows and entertainment content continues its shift to service-based platforms.”

“Apple’s two newest business segments are growing at phenomenal rates. The Wearables, Home and Accessories segment increased its revenue by almost $1.2 billion YOY for an increase of 30.05%, while Services grew by $1.6 billion or 16.24%,” Fiorillo writes. “I am very bullish on both business units as I believe they will continue to grow and help make up for the decrease in iPhone sales.”

“Services has the potential to become Apple’s largest business segment providing the company with piles of reoccurring revenue,” Fiorillo writes. “Subscriptions increased to 390 million paid, which was an increase of 30 million this quarter… How many people do you know who have a smartphone without 4G LTE? I can’t name a single person I know who is still on 3G. The introduction of 5G products will start a cycle of replacing older devices. I believe that this positively impacts iPhone sales as many people such as myself are waiting to upgrade until 5G products hit the market. This powerful combination could reverse the recent trends in revenue from the iPhone business segment.”

Read more in the full article here.

MacDailyNews Take: Beyond the phenomenal growth in Service, a true super cycle – the 5G iPhone Super Cycle – looms ahead of Apple Glasses while other new and updated products are on the way! The future is exceedingly bright for Apple Inc.!

Apple’s famous design team now has no original members left

Sat, 2019-05-04 00:33

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “Recent departures from Apple’s Industrial Design group mean that no one remains from the original group that began to turn around Apple’s fortunes,” William Gallagher reports for AppleInsider. “And, only two members who joined a year later are still with Apple — although one of those is Jony Ive.”

“One of the people leaving, Daniele De Iuliis, has been there 28 years and counts the Mac Color Classic among his projects. Rico Zorkendorfer, who appears to have worked on the iPhone and Apple Watch amongst other products, is leaving after 15 years,” Gallagher reports. “And Miklu Silvanto, known for working on the iPhone, AirPods and Apple Watch, has been at Apple for eight years. The fourth person, reportedly leaving shortly, is Julian Honig, and he’s been at Apple since 2010.”

“It’s believed that there are now between 20 and 22 people in ID,” Gallagher reports. “Some jobs in the various design departments are lying open for months. Apple is apparently not getting the quality of applicants it wants, and this year it’s lost four key designers from its most crucial department. Whether the attrition will be a problem remains to be seen.”

Read more in the full article here.

MacDailyNews Take: It’s simply the natural course of things.

We have incredible new designers — a new generation. What we’ve been able to do the last few decades will continue. The talent is there. — Rico Zorkendorfer, April 2019

SEE ALSO:
Another Apple industrial designer leaves company – May 1, 2019
Significant turnover hits Jony Ive’s famed industrial design team at Apple – April 25, 2019
Steve Jobs left design chief Jonathan Ive ‘more operational power’ than anyone else at Apple – October 21, 2011

Frustrated Apple CEO Tim Cook reveals disappointing MacBook Pro delay

Fri, 2019-05-03 23:16

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “Mac fans hoping for new hardware this year have been given one possible explanation for the delay, and some hope that 2019 will see some updates,” Ewan Spence writes for Forbes.

“Tucked into the notes from Tim Cook and Luca Maestri that were included with Apple’s quarterly earnings were a few choice remarks directed at Intel,” Spence writes. “First up, Maestri highlighted a lack of supply: ‘Next I’d like to talk about the Mac. Revenue was 5.5 billion compared to 5.8 billion a year ago, with the decline driven primarily by processor constraints on certain popular models.’ Then Tim Cook drew out the impact of the constraints and that he believed it to be short term: ‘For our Mac business overall, we faced some processor constraints in the March quarter, leading to a 5 percent revenue decline compared to last year. But we believe that our Mac revenue would have been up compared to last year without those constraints, and don’t believe this challenge will have a significant impact on our Q3 results.'”

Read more in the full article here.

MacDailyNews Take: And the door to Apple-designed ARM-based Macs opens wider.

SEE ALSO:
Performance shootout: Apple’s Intel vs. ARM systems – April 19, 2019
Macs may need ARM processors to survive – April 17, 2019
Steve Jobs predicted the Mac’s move from Intel to ARM processors – April 8, 2019
Intel execs believe that Apple’s ARM-based Macs could come as soon as 2020 – February 21, 2019
Apple’s Project Marzipan could mean big things for the future of the Macintosh – February 20, 2019
Apple iPad Pro’s A12X chip has no real rivals; it delivers performance unseen on Android tablets – November 1, 2018
Ming-Chi Kuo: Apple A-series Macs coming in 2020 or 2021, Apple Car in 2023-2025 – October 17, 2018
MacBooks powered by Apple A-series chips are finally going to happen soon – September 18, 2018
Apple A-series-powered Mac idea boosted as ARM claims its chips can out-perform Intel – August 16, 2018
Did Apple just show its hand on future low-end, A-series-powered MacBooks? – July 13, 2018
How Apple might approach an ARM-based Mac – May 30, 2018
Pegatron said to assemble Apple’s upcoming ‘ARM-based MacBook’ codenamed ‘Star’ – May 29, 2018
Intel 10nm Cannon Lake delays push MacBook Pro with potential 32GB RAM into 2019 – April 27, 2018
Why the next Mac processor transition won’t be like the last two – April 4, 2018
Apple’s ‘Kalamata’ project will move Macs from Intel to Apple A-series processors – April 2, 2018
Apple plans on dumping Intel for its own chips in Macs as early as 2020 – April 2, 2018
Apple is working to unite iOS and macOS; will they standardize their chip platform next? – December 21, 2017
Why Apple would want to unify iOS and Mac apps in 2018 – December 20, 2017
Apple to provide tool for developers build cross-platform apps that run on iOS and macOS in 2018 – December 20, 2017
The once and future OS for Apple – December 8, 2017
Apple ships more microprocessors than Intel – October 2, 2017
Apple embarrasses Intel – June 14, 2017
Apple developing new chip for Macintosh in test of Intel independence – February 1, 2017
Apple’s A10 Fusion chip ‘blows away the competition,’ could easily power MacBook Air – Linley Group – October 21, 2016

Behold: This is our best look yet at Apple’s impossibly sleek iPhone 11 Max design

Fri, 2019-05-03 22:48

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “The upcoming new iPhone 11R — if that’s what Apple ends up calling it — will undoubtedly be the company’s top-selling new iPhone model following its release in September,” Zach Epstein writes for BGR. “The iPhone line has gotten so expensive that people will happily pass up a few high-end features in order to save hundreds of dollars. Despite that model’s inevitable popularity though, all eyes are currently on the flagship iPhone 11 and iPhone 11 Max phones.”

“Flagships are always more exciting than lesser phone models,” Epstein writes, “and such is the case with Apple’s upcoming iPhone 11 series.”

“renders showing what is believed to be Apple’s finalized iPhone 11 and iPhone 11 Max designs didn’t leak until just last week. We were expecting the iPhone 11 series to be a boring rehash of the iPhone XS and iPhone X design, but a few key refinements reminded us how much better Apple is at hardware than its Android rivals,” Epstein writes. “Then we saw the updated iPhone 11 Max design in greater detail, and once again it was better than we thought. Now, a new set of renders gives us our best look yet at Apple’s upcoming new iPhone 11 Max, and it looks impossibly sleek.”

Graphic designer Hasan Kaymak created a gorgeous set of renders showcasing the next-gen iPhone 11 Max:

Apple iPhone 11 Max Concept: Designed by DBHK-Hasan Kaymak Innovations in Kassel, Germany

Read more in the full article here.

MacDailyNews Take: Incredibly refined. Wow! We want our iPhone 11 Max units today!

Check out all of Hasan’s “iPhone 11 Max” concept renders here.

Ontario’s ‘Right to Repair’ bill killed after big tech lobbying including Apple

Fri, 2019-05-03 22:34

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “A right to repair bill that would have forced manufacturers selling electronic devices and other consumer products in Ontario to provide consumers and small businesses with the tools and knowledge to repair brand-name gadgets is officially dead,” Jordan Pearson reports for Motherboard. “The failed vote follows lobbying against the legislation from major tech companies including Apple, according to the bill’s sponsor.”

“The bill, which was put forward by Liberal MPP Michael Coteau in February, aimed to force companies like Apple to provide small businesses and average consumers with official parts, diagnostic tools, and repair manuals upon request, and at a fair price,” Pearson reports. “It would have been the first such law in North America—though 20 US states are considering similar legislation—and threatened to send consumer-friendly ripple effects throughout major electronic manufacturers’ global operations.”

“While some MPPs urged their colleagues to vote yes on the bill simply to allow for further exploration of the issue, it faced staunch resistance from members of the ruling Progressive Conservative Party of Ontario,” Pearson reports. “Some PC members argued that the bill cut against the Ontario government’s new “open for business” slogan by compromising US companies’ intellectual property rights to the point that they would not sell their products in Ontario, a province that contains nearly half of Canada’s total population.”

“In a phone call, Coteau told me he expected resistance. After proposing the bill, he was approached by Electronics Product Stewardship Canada (EPSC)—an industry group that represents Apple, Panasonic, and other major tech companies—as well as representatives from from Apple and Panasonic, he told me. ‘I had an Apple senior counsel fly in…to come and see me,’ Coteau said,” Pearson reports. “The group’s collective position, Coteau said, was that the bill would compromise companies’ intellectual property rights and that home repair was a public safety issue, meaning ‘that it’s dangerous for people to open up electronic devices and fix it themselves, that it could harm them,’ Coteau said. Samsung also got in touch, he told me.”

Read more in the full article here.

MacDailyNews Take: If anyone knows about faulty battery installs that burst into flame and explode, it’s Samsung.

Using authorized channels is the only way to ensure you are getting genuine Apple parts and that the repair will be done to the right specifications. With so many second-hand smartphones, for example, being sold and re-sold, how are buyers to know their battery is the genuine part and that it was correctly installed? How safe are would these smartphones be to have on airplanes, for example?

Certainly, it can be dangerous to mishandle/damage lithium batteries during DYI repairs and the results can injure not just the repairer.

What if somebody’s half-assed DIY battery installation burns down an apartment building at 3am or sets fire to a plane in flight? When even Samsung can’t fix their own batteries correctly, we doubt every single Joe and Jane Sixpack would be able to manage a perfect battery installation every single time. It only takes one mistake to cause a tragedy. — MacDailyNews, March 5, 2017

SEE ALSO:
California pulls its right-to-repair bill following pressure from Apple, other firms – May 1, 2019
Leaked internal documents show Apple is capable of implementing ‘Right to Repair’ legislation – March 28, 2019
Allstate buys mobile device repair company iCracked, becoming powerful proponent of ‘Right to Repair’ movement against Apple – February 15, 2019
California to introduce ‘right to repair’ bill which Apple opposes – March 8, 2018
State of Washington bill would make it illegal to sell electronics that don’t have easily replaceable batteries – January 26, 2018
Why Apple doesn’t want you repairing your broken iPhone or iPad yourself – July 12, 2017
Apple makes iPhone screen fixes easier as U.S. states mull ‘right to repair’ laws – June 7, 2017
Apple lobbying against ‘Right to Repair’ legislation, New York State records confirm – May 18, 2017
Apple fights against ‘right to repair’ – April 20, 2017
Apple fights ‘right to repair’ proposal; warns Nebraska could become a ‘Mecca for bad actors’ – March 10, 2017
Apple fights tooth and nail against ‘right to repair’ laws – March 8, 2017
Right to repair: Why Nebraska farmers are taking on John Deere and Apple – March 6, 2017
Right-to-Repair is ridiculous – February 16, 2017
Apple said to fight ‘Right to Repair’ legislation – February 15, 2017

[Thanks to MacDailyNews Readers “Fred Mertz” and “Brawndo Drinker” for the heads up.]

Adobe doubles the price of its Creative Cloud plan for Photoshop and Lightroom

Fri, 2019-05-03 11:21

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “Adobe has made a notable change to its Creative Cloud subscription plans,” Michael Potuck reports for 9to5Mac. “The $10/month Photography offering that was a popular way to get access to Photoshop and Lightroom has just doubled in price. Meanwhile, Lightroom on its own is now priced at $10/month.”

“As spotted by PetaPixel, the base $10/month Photography subscription featuring Photoshop and Lightroom now has a $20/month price tag,” Potuck reports. “Photoshop is also offered on its own for $21/month (as a single-app subscription).”

Potuck reports, “The 100% price bump came as a surprise to many users and PetaPixel was able to confirm the change with Adobe.”

Read more in the full article here.

MacDailyNews Take: Ah, the joys of subscriptionware!

Hey, have you heard of Pixelmator Pro? It’s just a one-time purchase for US$39.99. We recommend Pixelmator Pro highly!

Aetna insurance customers can now earn a free Apple Watch with new Attain wellness program

Fri, 2019-05-03 07:00

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “In January, health insurance company Aetna announced a new ‘Attain’ wellness initiative relying on the power of the Apple Watch,” Chance Miller reports for 9to5Mac. “That program has officially launched to customers this week, allowing them to earn real world rewards – including a free Apple Watch – in exchange for healthy behavior.”

Miller reports, “In addition to activity tracking, Attain will also include sleep and nutritional components, as well as reminders to receive annual wellness checks, vaccines, and more: Earn rewards for hitting daily active calorie goals. Get reminders for important health actions: vaccinations, such as the flu shot; scheduling primary care visits and screenings; and refilling and picking up prescriptions. Get tips to sleep better, improve nutrition and increase mindfulness. Build healthy habits through challenges and daily activity. Get support for serious health moments, like finding lower-cost options for lab tests or imaging like MRI scans.”

“As for obtaining an Apple Watch through the program, Aetna says you can earn a base model through using its points-based system in 24 months,” Miller reports. “You can upgrade from the base model by putting a bigger payment down at the onset of the program.”

Read more in the full article here.

MacDailyNews Take: Behold: The future, today! Congrats, Aetna customers! We hope there are many more health insurance companies to integrate Apple Watch to come!

SEE ALSO:
Apple is betting big on the $7 trillion healthcare space, with its own devices the key – February 21, 2019
Apple’s digital health plan puts the iPhone and Apple Watch at the heart of your wellbeing – January 16, 2019
Apple’s next really big thing: Health – January 9, 2019
Study shows active Apple Watch users gain extra years of life – November 28, 2018
Apple’s watchOS 5.1.2 will enable electrocardiogram feature on Apple Watch Series 4 – November 28, 2018
John Hancock and Vitality prove Apple Watch incentives boost physical activity rates by more than 30 percent – November 28, 2018
Life insurance companies are luring Apple Watch users with deals – November 16, 2018
John Hancock offers Apple Watch Series 3 for only $25 to all Vitality life insurance customers – October 23, 2017
Apple and Aetna hold secret meetings to bring Apple Watch to the insurer’s 23 million members – August 14, 2017
In major win for Apple, Aetna becomes first insurance company to subsidize Apple Watch – September 27, 2016
New ‘SweatCoin’ iPhone app pays people to get fit – May 5, 2016
Why you’ll wear an Apple Watch to keep your job – March 14, 2016
Share your fitness data for an Apple Watch – or cash – March 2, 2016
Tim Cook hints Apple might build a health device – November 10, 2015
Apple should double down on Apple Watch’s health sensors, battery life, and waterproofing – October 2, 2015
Health insurer will charge more for lazy people, less for active people, based on Apple Watch sensors – September 18, 2015

63% of people find smart home devices ‘creepy’

Fri, 2019-05-03 06:30

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “Smart home devices are ‘creepy’ according to the majority of people who own them, based on an Ipsos MORI poll,” Ben Lovejoy reports for 9to5Mac. “Two-thirds of US owners of smart home gadgets bought them despite this feeling.”

“The take-away appears to be that consumers consider the convenience to outweigh privacy concerns,” Lovejoy reports. “Across all Americans – owners and non-owners of smart home tech alike – some 67% agreed with a statement that ‘Connected devices are ‘creepy’ in the way they collect data about people and their behaviors.’ But the surprising part is that among those who actually own such devices, the percentage was almost identical: 66%.”

“Consumers do at least try to prioritize security when buying connected devices,” Lovejoy reports. “Some 84% of owners say that they are generally aware of smart home security features, and that privacy and security are important when it comes to purchase decisions.”

“The US survey was part of a wider international study spanning the United States, Canada, Japan, Australia, France, and the UK,” Lovejoy reports. ” Across the entire sample, there was widespread agreement on a need for laws on the security of smart home devices.”

Read more in the full article here.

MacDailyNews Take: People who are really concerned about security and privacy only buy HomeKit compatible devices.

SEE ALSO:
Amazon confirms it is listening to Alexa recordings captured in Echo owners’ homes and offices – April 11, 2019
Bad news for those who want Facebook listening in their homes: Facebook delays smart speaker debut amid data privacy scandal – March 29, 2018
Google Home Mini spies on everything reviewer said 24/7, transmits recordings to Google’s servers – October 12, 2017
Amazon Echo murder case spotlights question of what ‘always on’ actually means – December 28, 2016
Apple: Hey Siri and Live Photos data stays only on your device to ensure privacy – September 12, 201

Qualcomm effectively granted Apple a late-payment discount worth billions of dollars

Fri, 2019-05-03 06:03

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “After Apple, its contract manufacturers and Qualcomm settled their antitrust and [contract] dispute at the beginning of a trial in San Diego (Southern District of California) two weeks ago, both parties declined to disclose any financial terms,” Florian Mueller writes for FOSS Patents. “Apparently Apple obtained a direct patent license from Qualcomm, and will use 5G modem chips from Qualcomm in some future iPhone models, and it became known that Apple would make a one-time payment to Qualcomm under the new agreement.”

“Despite the parties’ efforts to keep the terms of the deal confidential, the impact on Qualcomm’s financials is more than big enough that the patent licensing and chipset company had to say something in its earnings report for its second fiscal quarter of 2019, which also contains guidance on the third quarter and beyond,” Mueller writes. “So we know now that the one-time payment is in the range from $4.5 billion to $4.7 billion.”

“Instead of interest (or: interest on interest) on top of the $7 billion or more in previously-unpaid patent royalties, Qualcomm apparently had to discount its claim by several billion dollars in order to reach an agreement with Apple. The $4.5 billion to $4.7 billion amount of Apple’s one-time payment is clearly a lot less than the royalties Qualcomm would have received if Apple, through its contract manufacturers, had made payments in accordance with the earlier agreement,” Mueller writes. “What we don’t know, of course, is whether Apple in exchange made some concessions with respect to ongoing royalties.”

Read more in the full article here.

MacDailyNews Take: Meanwhile, Apple’s work on their own 5G modem chipsets continues with a nice cushion of time to get everyone and everything in place, ready to go!

SEE ALSO:
Apple’s 5G modem project lead Ruben Caballero has left the company – April 29, 2019
Apple poached Intel 5G leader weeks before settlement with Qualcomm – April 29, 2019
Apple mulled buying Intel’s 5G business; showing openness to big deals – April 26, 2019
Intel admits Apple-Qualcomm settlement led to it dropping 5G modem – April 26, 2019
Winners and Losers of the Apple-Qualcomm detente – April 19, 2019
Why Intel’s smartphone strategy went off the rails yet again – April 19, 2019
Why did Intel kill off their modem program? – April 18, 2019
Here’s what likely happened between Apple, Qualcomm and Intel – April 17, 2019
Intel axes 5G modem plans after Apple and Qualcomm settle – April 17, 2019
After settlement with Apple, Qualcomm still faces other potential legal fallout – April 16, 2019
Qualcomm and Apple settle, agree to drop all litigation – April 16, 2019

Is Apple News+ worth $9.99 a month?

Fri, 2019-05-03 05:22

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “It’s been hugely hyped and roundly criticized, but after more than a month’s intensive use, Apple News+ has proved to have very specific good and bad features,” William Gallagher writes for AppleInsider. “Before you sign up, or before you cancel, here’s a true Pro/Con list for Apple News+.”

“Any service’s quality and worth is always going to be subjective. Yet still there are definite pluses and minuses which can help you reach the only important issue that matters —whether Apple News+ is right for you,” Gallagher writes. “Being able to always get the latest issue is a big point in favor of Apple News+ because if you’re interested in even one title, you’re getting it faster than through the mail. If you’re regularly interested in more than one, the $9.99 US or $12.99 Canadian subscription cost is a bargain.”

“With such a mass of material and such a range, it’s extremely unlikely that there won’t be anything you want to read — but finding it is hard,” Gallagher writes. “It’s also buggy. At times, if you search for a magazine title, you may get just a topic page. That’s a collection of news articles and it’s typically what you’d see if a publisher doesn’t want to put the entire issue onto the service. And yet if you search again, you can end up with that topic page plus the issues at the top.”

 
“It feels oddly as if Apple News+ is in a nascent, still-forming stage,” Gallagher writes. “When we count the irritations, it doesn’t feel great at all —yet when we then remember the hours we’ve spent engrossed in it, it does.”

Read more in the full article here.

MacDailyNews Take: Apple News+ is a work in progress for sure, but it’s a great value that’s easily worth the $9.99/month subscription fee!

SEE ALSO:
Over 200,000 users subscribed to Apple News+ in its first 48 hours – April 2, 2019
One week with Apple News+ – April 2, 2019
Texture to shut down May 28th; Android users to lose access (unless they upgrade to an Apple device) – March 29, 2019
Apple News+ hands-on: Is it worth it? – March 26, 2019
Apple launches Apple News+ – March 25, 2019

One of every three smartwatches sold worldwide is an Apple Watch

Fri, 2019-05-03 05:08

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); Global smartwatch shipments grew a healthy rate of 48% year-on-year (YoY) in Q1 2019 driven by Apple, Samsung, Fitbit, and Huawei, according to the latest research from Counterpoint’s Global Smartwatch Tracker.

“Apple Watch shipments grew a solid 49% YoY,” Counterpoint Research Analyst Satyajit Sinha noted. “Apple continues to focus on the health-related features like ECG and fall detection in the Apple Watch Series 4. The ECG capability in the Apple Watch is the most desirable feature, according to our latest Consumer Lens survey. Apple has now received approval on its ECG features from healthcare authorities of Hong Kong and 19 other countries including France, Germany, Italy, Spain, and the UK.”

Sinha added, “The heart rate sensor for health monitoring, GPS and pedometer sensors for fitness, and NFC embedded for payment are some of the key integrated technologies. Related use-cases and in addition to notifications with cellular capability are driving the smartwatch adoption. However, limited battery life remains a pain point for consumer’s decision-making process, irrespective of region and price band.”

Apple Watch Series 4 (GPS + Cellular) in Stainless Steel Case with White Sport Band (40mm left, 44mm right)

 
Global Smartwatch Shipments market share by brand in Q1 2018 vs Q1 2019

Commenting on innovation across smart wearables segment, Associate Director, Brady Wang, noted, “Foldable displays are coming to smartwatches. Nubia’s attempt to design ‘smartphone + smartwatch’ adds smartphone level capability to the wrist form-factor. The UI of Nubia Alpha comes with features like gesture control, shortcuts with image capture, and moving through apps. This makes the smartwatch versatile and user-friendly. However, we are still in nascent stages in the evolution of smartwatch form-factors. These new form-factors will need to excel on various metrics. They need to be less bulky, ruggedized but stylish and also possess a less fragmented software/UI which at the same time is also intuitive. We estimate flexible smartwatches will hit mainstream post-2025.”

Source: Counterpoint Technology Market Research

MacDailyNews Take: Domination.

The Apple Watch is going to be a massive hit that sells millions upon millions of units.SteveJack, MacDailyNews, September 9, 2014

The Apple Watch is going to flop… The Apple Watch is Jonathan Ive’s Newton… Apple may have built out the watch to satisfy the urges of a designer who has become more obsessed with Bentleys and Rolexes than making attractive, functional technology that will actually make life better for the 99%. — Mark Wilson, March 2, 2015

Once people start using Apple Watch, they aren’t going to want to leave it at home. Ever. And that’s bad, bad news for watchmakers not named Apple.MacDailyNews Take, April 16, 2015

SEE ALSO:
The Apple Watch is proving to be a big deal – March 14, 2019
IDC: Apple No.1 in Q418 worldwide wearables shipments with 16.2 million units, 10.4 million of which were Apple Watches – March 5, 2019
Wearables market up 35% in first quarter as Apple maintains lead – May 23, 2018
Apple Watch: 46 million sold, user base likely 40 to 43 million – Horace Deidu – May 3, 2018
Apple Watch, not phones, powered Verizon’s subscriber growth – April 24, 2018
Ming-Chi Kuo: Apple Watch sales could top 40-50 million units within next three years – March 27, 2018
Apple Watch dominates smartwatch market – March 1, 2018
Apple’s line of smartwatches outsold the entire Swiss watch industry last quarter – February 12, 2018
Apple Watch sets new all-time record for wearables shipments; ‘Apple has won the wearables game’ – analyst – February 7, 2018
Apple Watch sales momentum is growing; unit sales now rival those of Macintosh – January 23, 2018

Apple’s death of magic

Fri, 2019-05-03 04:00

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); Simon Helyar writes for Medium of a theoretical meeting between Apple CEO Tim Cook and Apple intern. Cook asks for the intern’s honest answer to his question, “Tell me, what’s wrong with Apple?” The intern complies:

Ok… well… Having a banner advert on the Apple homepage selling off the newest iPhone since launch for cheap isn’t magical. It’s begging. It’s weak. And having a fat cheap iPhone XR, that confuses the product line up isn’t magical. iPhones should simply be small, medium and large. A budget iPhone should be last years model. Expensive doesn’t equal magical. iPads and iPad Airs and MacBooks and MacBook Airs, it doesn’t make sense. It isn’t magical. Apple TV isn’t magical. The Apple TV remote is not a magical experience. It’s almost useless…

MacDailyNews Take: That poor remote. (Pun intended.)

Jony certainly wasn’t involved with the design of the Apple TV’s Siri Remote – unless he was drunk during the 20 minutes that were lavished on its so-called design. — MacDailyNews, November 22, 2016

With the Siri Remote, users can’t tell which end is up in a darkened room due to uniform rectangular shape. The remote is still too small, so it gets lost easily. All buttons are the same size and similarly smooth (the raised white ring around the menu button helps, but so barely it’s astounding that Apple even bothered; it’s a bandaid on a turd). The tactile difference between the bottom of the remote vs. the upper Glass Touch surface is too subtle as well; this also leads to not being able to tell which end is up. A larger remote, designed for hands larger than a 2-year-old’s with a simple wedge shape (slightly thicker in depth at the bottom vs. the top), as opposed to a uniform slab, would have instantly communicated the proper orientation to the user.

If Jony Ive “designed” the Siri Remote, he should forfeit his knighthood*.

*But we all know Jony has been obsessed with Apple Park for many years now and likely never even saw the piece of shit remote before they threw it in the box. — MacDailyNews, September 25, 2017

Apple CEO Tim Cook

Apple not selling its own external screen for 8 years isn’t magical. It’s insane. Though not as insane as ceasing production of Mac Pros and hoping nobody notices. Then crawling back to the media announcing we’ll actually make them again, give us a couple years? That’s not magical. The keyboards on every single laptop we sell. Not magical at all. Neither is our fuck-off-elephant-in-the-room silence about it. Waiting out a huge and growing problem is not magical…

Aimlessly talking about software and hardware years before we launch it isn’t magical. And then shelving it completely isn’t magical. Apple is gently gliding from greatness into mediocrity and it’s not magical.

Read more in the full article – recommendedhere.

MacDailyNews Take: Well, now, that sounds familiar.

BTW: We can still consider Apple to be the greatest tech company on earth while not believing it’s living up to users’ expectations at times. The two situations are not mutually exclusive.

Steve Jobs could make a power cord seem insanely great. Tim Cook could put a room to sleep while unveiling teleportation.

Apple is currently helmed by a charisma black hole.

Lacking a charismatic leader who could sell ice cubes to eskimos, execution is the key. High quality products and services that just work with timely updates in sufficient supply at launch would be more than enough to keep us excited, satisfied, and loyal. Strong marketing wouldn’t hurt, either. With excellent products and execution, the weak keynote presentations would be bearable. Apple’s issues with late, old, sometimes problematic products and services do more to dampen excitement and devotion than anything. — MacDailyNews, January 4, 2019

If he retired today, Tim Cook’s Apple would be known for coasting along on Steve Jobs’ innovations, rolling up tremendous profits that any halfway competent CEO would have accrued (or more), and devolving into being lazy, sloppy and routinely late. That’s a great legacy, Tim.MacDailyNews, April 10, 2018

SEE ALSO:
Tim Cook is not the best person to be CEO of Apple – April 2, 2019

MacBook Pro keyboard failures: Apple blames dust to excuse poor engineering design

Fri, 2019-05-03 03:33

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); Reddit user “u/cil3x,” who says they’ve worked as Apple Authorized Service Provider Technician for the last 3 years, has posted about the ongoing saga of Apple’s MacBook Pro keyboard failures.

“Today we will be tearing down a MacBook Pro keyboard to try and figure out some possible causes for all the failures that [afflict] these keyboards,” u/cil3x writes. “I’ve worked as an Apple Authorized Service Provider (AASP) Technician for the last 3 years. Before that, I use to work as a 3rd party Technician at an Apple-focused repair shop. Because of this experience, I stand in an interesting position where I use to see all the shit Apple pulls in order to make 3rd party and DIY repair difficult, and now I sit in a position where I can see exactly how Apple deals with these issues and get a more-representative ideas of how the machine fails, how many fail, and exactly what the most common failures are.”

“Why is this teardown so important?” u/cil3x writes. “It proves that Apple themselves have no idea how to deal with the issue and that dust was either just an excuse to satisfy their customer bases demand for an answer, or their engineers are genuinely nowhere near as smart as everyone thinks they are. I’m not sure which of these two is worse. Considering they’ve had 4 years to deal with it, i’m leaning more towards the latter. The way Apple is handling this problem is actually far from good. People think that its nice of them to have a repair program for the issue, but this is actually just a shitty half-assed bandaid fix for the problem.”

“Once your warranty or keyboard program coverage ends, it’s $500 USD per failure to replace the entire top case. There is no “cheaper” aftermarket solution, the keyboards themselves are a nightmare to replace and the aftermarket parts are even more likely to fail. Replacing the part will not permanently fix the issue either since Apple only replaces it with identical parts, meaning they’re bound to fail again. On top of that, all machines will be classified as vintage 5 years after their original release date. Once that happens, spare parts from apple go bye bye for good and you’ll be left only with the cheaper aftermarket parts that are usually more prone to failure, or be stuck buying used parts which are also failure-prone.”

“Ownership beyond 3-4 years fo these models is pretty much a gamble at best, and ownership for 2018 models without AppleCare is even more of a gamble since there’s no repair program support for them and there is 0 guarantee that these models will be added to that keyboard replacement program at all,” u/cil3x writes. “As for what the actual cause is, honestly I don’t know. My suspicion is that the metal dome experiences metal fatigue and slowly begin to lose connection, or that that little U-shaped cutout in the centre of the dome weakens and starts to easily bounce when pressed, making contact 2+ times… Macbook owners, please beware. Always have AppleCare, even if paying extra to cover a flaw that should be properly dealt with is morally questionable and a shitty thing to do. Right now is not a good time to be a Macbook owner or buyer, and please consider whether or not you wish to financially support a company that pulls stunts like these.”

Tons more —  including exploration and refutation of the “dust” and “heat” theories before settling on the “shit design” theory — in the full article – very highly recommendedhere.

MacDailyNews Take: Nope, still not going away, Apple. And, whistling past the graveyard isn’t a viable strategy, nor is it delighting customers (you know, the actual mission that Steve Jobs left you to accomplish). This ongoing self-delusion at Apple that “maybe, it’ll all just go away” is however working wonders on trashing the reputation of portable Macs. So, if that’s management’s goal: Excellent job so far! (This isn’t the way to move iPad units, guys!)

File yet another one under “Tim Cook’s Apple.” We warned that stuff like this would continue to happen unless the underlying root causes were properly addressed over four years ago.

I consider these keyboards the worst products in Apple history. MacBooks should have the best keyboards in the industry; instead they’re the worst. They’re doing lasting harm to the reputation of the MacBook brand. — John Gurber, March 27 , 2019

Apple is the most successful broken company in the history of the world... The butterfly keyboard is but one manifestation of Apple’s issues. The AirPower fiasco (printed on AirPods boxes no less) is another. Five+ years and counting with a dead-end goofball design on sale as the company’s flagship Mac, yet another. Need we go on? There have been many easily avoidable screwups over the years and, until the root cause is fixed — this stems from the very top with misplaced priorities and conflict aversion, to name just two biggies — these snafus will likely continue, further eroding Apple’s brand in the process.MacDailyNews, April 2, 2019

SEE ALSO:
Apple will now fix broken MacBook keyboards within a day as problems persist – April 25, 2019
Heat, not dust, the enemy of Apple’s butterfly keyboard design? – April 9, 2019
Tim Cook is not the best person to be CEO of Apple – April 2, 2019
The MacBook keyboard fiasco is way worse than Apple thinks – April 2, 2019
Apple apologizes for ongoing reliability problems with its MacBook ‘butterfly’ keyboards – March 27, 2019
WSJ: Apple has fixed their butterfly keyboard, but it’s only for pros – for now – July 23, 2018
Teardown of MacBook Pro’s new butterfly keyboard reveals improved protection against dust and debris – July 19, 2018
Conflicting information distributed inside Apple about reason for silicone MacBook Pro keyboard membrane – July 19, 2018
Keyboard shootout: 2018 vs. 2017 MacBook Pro butterfly keyboards compared – July 17, 2018
So, about Apple’s new MacBook Pro butterfly keyboard – July 17, 2018
How Apple is fixing faulty keyboards in their new MacBook Pro models – July 16, 2018
Two things seem obvious about Apple’s MacBook Pro keyboard – July 13, 2018
Apple’s revised MacBook Pro butterfly keyboard: Quieter may not be enough – July 13, 2018
Apple says new MacBook Pro keyboard won’t fix sticky key issue – July 12, 2018
Apple’s new 2018 MacBook Pro models now available with revised butterfly keyboards, much faster performance possible – July 12, 2018
Open letter to Tim Cook: Apple needs to do better – January 5, 2015

Apple’s iPhone business shows signs of life

Fri, 2019-05-03 02:02

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “Back on January 2nd, Apple negatively pre-announced its earnings results for the first quarter of fiscal year 2019, as iPhone sales — particularly in the Greater China region — fell substantially short of expectations and saw a year-over-year sales decline,” Ashraf Eassa writes for The Motley Fool. “That decline continued into the company’s second quarter, with Apple CEO Tim Cook saying on its most recent earnings call that iPhone revenue dropped 17% year over year during that period. Although a 17% decline is pretty awful, there were some potential bright spots for the company’s iPhone business that suggest signs of life. Let’s take a closer look. ”

“According to Cook, the year-over-year declines in the company’s iPhone revenue ‘were significantly smaller in the final weeks of the March quarter,'” Eassa writes. “Later on in the call, Cook went into some more detail on these improvements that helped to shore up iPhone results in China, the region that has been most problematic. One factor that helped to boost the company’s Greater China iPhone performance, per Cook, was that Apple ‘made some price adjustments essentially backing out the weaker currency effect.'”

Apple’s A12 Bionic-powered iPhone XR comes in six new finishes: white, black, blue, yellow, coral and (PRODUCT)RED

 
“The executive also explained that the Chinese government initiated some ‘stimulus programs’ such as reducing the value-added tax (VAT) rate from 16% to 13%, ultimately translating into more accessible prices for consumers. Third, Cook said that ‘our trade-in and financing programs that we’ve implemented in our retail stores have been very well received there, and I’m happy with the results to date there,'” Eassa writes. “And finally, he highlighted ‘an improved trade dialog between the US and China’ as something that has ‘affected consumer confidence on the ground there in a positive way.'”

Read more in the full article here.

MacDailyNews Take: Just an FYI:

Apple sold 217.72 million iPhones in 2018, up from 216.76 million in 2017, and up from 211.88 million in 2016.

The replacement cycle is lengthening*, but Apple will still sell some 200 million iPhones per year.

*Until everyone and their mother upgrades with the first 5G iPhone in 2020.

SEE ALSO:
Apple cuts prices on iPhones, iPads, and Macs in China after value-added tax cut – April 1, 2019

Are we headed for a Mac automation schism?

Fri, 2019-05-03 01:25

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “The Mac is currently at the start of a pretty dramatic transition,” Jason Snell writes for Six Colors. “This year, the platform will be flooded with apps that are based on the iOS app development system, UIKit, using a system that everyone calls Marzipan because Apple hasn’t given it a name.”

“Part of this transition affects user automation. macOS has a bunch of different system-level user automation technologies of various ages, but none of them work with iOS and Apple has shown no intention of changing that now,” Snell writes. “AppleEvents, AppleScript, and Automator already feel like legacy technologies that are maintained minimally to keep up compatibility, but they don’t feel like the future.”

“So what happens when iOS apps comes to the Mac this fall? It seems impossible that Apple will allow them to be controlled by AppleScript and Automator. On iOS, they can be controlled by Shortcuts. Does that app make the move to macOS? According to 9to5Mac’s Guilherme Rambo, it might, and Siri Shortcuts will,” Snell writes. “Will “classic” Mac apps get the ability to be controlled via Shortcuts, too? Or will there be a schism between the two different classes of apps?”

Read more in the full article here.

MacDailyNews Take: Clean up in aisle X!

SEE ALSO:
Siri Shortcuts, Screen Time, and more coming to the Mac – April 19, 2019
Apple releases Shortcuts 2.2 – March 27, 2019
Check out these 150 custom shortcuts for Apple’s Shortcuts App – March 8, 2019
Apple’s Siri Shortcuts may just be misunderstood – March 1, 2019
Apple’s Siri Shortcuts help boost health and fitness routines – March 1, 2019
Apple uses Siri Shortcuts to catch up to Alexa, Google Assistant – February 28, 2019

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

Apple’s $1 trillion valuation is further away than it may appear

Fri, 2019-05-03 01:12

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “It may have seemed like Apple Inc. retook its trillion-dollar market capitalization Wednesday morning, when the stock rallied on better-than-expected second-quarter results,” Ryan Vlastelica reports for Bloomberg. “But it was more mirage than milestone.”

“While the iPhone maker is hovering near re-entry into the 13-digit club, along with Microsoft Corp. and Amazon.com Inc., it falls short because of its hefty buyback program. Apple had 4.601 billion shares outstanding as of April 22, according to a filing late Wednesday,” Vlastelica reports. “The stock’s 4.9 percent advance to $210.52 on Wednesday equates to a valuation around $969 billion.”

Vlastelica reports, “Apple reported 4.72 billion shares outstanding in its last quarterly filing.”

Read more in the full article here.

MacDailyNews Take: Yes, as market cap formulas are updated with Apple’s ever-declining outstanding share count, it requires higher and higher share prices to get to the $1 trillion market value. Currently, Apple shares need to trade at or above $217.34 to hit the $1 trillion mark.

SEE ALSO:
Apple again surpasses $1 trillion market value mark to become world’s most valuable company – May 1, 2019
Microsoft joins $1 trillion market cap club – April 25, 2019
Apple is once again the world’s most valuable public company – February 6, 2019
Amazon tops Microsoft as most valuable U.S. company – January 8, 2019
Apple hits landmark $1 trillion valuation – August 2, 2018

Apple’s Mac sales impinged by Intel CPU ‘constraints’

Thu, 2019-05-02 03:19

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “Apple crowed over its best three months ever for its services biz, including things like Apple TV and Apple Pay, in its reported results for Q2 ended March 30,” Katyanna Quach writes for The Register. “iPads, meanwhile, continued to experience a comeback as sales were at their highest growth rate in six years, which CEO Tim Cook branded a ‘blockbuster quarter.'”

“Apple’s iPhones continues to dominate sales revenues and contributed $31.05bn for the quarter, a decrease of over 17 per cent,” Quach writes. “Cook said iPhone sales were ‘most challenging’ during November and December last year, but began to improve this year.”

“Macs came in at $5.51bn, a slight decline in growth of under 5 per cent,” Quach writes. “The decline in Mac sales were ‘driven primarily’ by Intel’s ‘processor constraints on certain popular models,’ said CFO Luca Maestri. CPU shortages is a long-running problem for Intel, though the chip maker’s boss reckons availability should ease by the second half of this calendar year. Everything else in Apple’s portfolio, however, including iPads, Wearables and Home Accessories, and Services were up.”

Read more in the full article here.

MacDailyNews Take: Intel is the next bottleneck with which to be dealt.

SEE ALSO:
Apple’s iPhone sales are finally turning around – May 1, 2019
Apple again surpasses $1 trillion market value mark to become world’s most valuable company – May 1, 2019
Apple CEO Tim Cook: U.S.-China trade relationship is much better today than at end of 2018 – April 30, 2019
MacDailyNews presents live notes from Apple’s Q219 conference call – April 30, 2019
Apple beats Street with Q219 results – April 30, 2019

Apple’s iPhone sales are finally turning around

Thu, 2019-05-02 02:30

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “After the collective freak-out about Apple’s poor showing during its last financial quarter, this quarter’s results were refreshingly boring. Apple had $58 billion in revenue, more or less what they said they’d do three months ago,” Jason Snell writes for Macworld. “The company made $11.6 billion in profit, which is a really good kind of boring.”

“Phone sales were down 17 percent over the year-ago quarter, a second double-digit drop. Last quarter’s iPhone bellyflop eliminated all surprise and drama from these facts, so while it’s still painful to see, at least it’s not surprising,” Snell writes. “But Apple says that if you peek into the details, there’s a lot of reason for optimism.”

“Cook said that March was the strongest month of the quarter for the iPhone and that the final weeks of March were stronger still,” Snell writes. “China is such an important market for Apple that failure there can swamp good news in other markets, and that seems to be the case right now. But it sounds like Apple’s status in China may be headed back in a positive direction.”

Read more in the full article here.

MacDailyNews Take: Once a U.S-China trade pact is agreed upon, the sky’s the limit!

SEE ALSO:
Apple again surpasses $1 trillion market value mark to become world’s most valuable company – May 1, 2019
Apple CEO Tim Cook: U.S.-China trade relationship is much better today than at end of 2018 – April 30, 2019
MacDailyNews presents live notes from Apple’s Q219 conference call – April 30, 2019
Apple beats Street with Q219 results – April 30, 2019

Apple again surpasses $1 trillion market value mark to become world’s most valuable company

Thu, 2019-05-02 01:44

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “Apple Inc. shares traded at a $1 trillion market value Wednesday after the tech giant posted stronger-than-expected second quarter earnings as record services revenue offset a worryings slump in iPhone sales,” Martin Baccardax reports for The Street.

“Apple was able to offset a record decline in iPhone revenues, which fell 17% to $31.05 billion, with the best growth in services revenue the company has ever booked and a near-term forecast that topped analysts forecasts and remains on track for the group’s stated aim of doubling the size the services business from 2016 levels to around 500 million paid subscribers by 2020,” Baccardax reports. “Revenue from unites such as Apple Pay, iTunes, and Apple Music rose 16% to a record $11.45 billion, Apple said, with a reported gross margin of 64%, nearly twice the level of the group’s third quarter forecast for the entire business.”

“Apple shares were marked 6% higher at the start of trading Wednesday to change hands at $212.82 each,” Baccardax reports, “the highest since November 2 and a move that extends the stock’s gain since Cook cautioned on a China-lead slowdown on January 3 to around 49.7% and value the Cupertino, California-based tech giant at just over $1 trillion.”

Read more in the full article here.

MacDailyNews Take: Apple’s market cap currently stands at $1.013 trillion.

Recent members of the $1 trillion club have since fallen below the mark. Microsoft’s market cap is currently $995.554 billion and Amazon’s is $955.026 billion.

SEE ALSO:
Microsoft joins $1 trillion market cap club – April 25, 2019
Apple is once again the world’s most valuable public company – February 6, 2019
Amazon tops Microsoft as most valuable U.S. company – January 8, 2019
Apple hits landmark $1 trillion valuation – August 2, 2018

There’s a hidden gem in Apple’s earnings – and it’s not services

Thu, 2019-05-02 01:08

(function (w, d) { for (var i = 0, j = d.getElementsByTagName("ins"), k = j[i]; i < j.length; k = j[++i]){ if(k.className == "adPushupAds" && k.getAttribute("data-push") != "1") { ((w.adpushup = w.adpushup || {}).control = (w.adpushup.control || [])).push(k); k.setAttribute("data-push", "1");} } })(window, document); “Coverage of Apple’s second-quarter earnings has focused on the record slump in iPhone sales, rising sales of services and accessories, and a bullish revenue forecast for the current quarter,” Theron Mohamed writes for Business Insider. “But stock-watchers may have missed a hidden gem in the tech giant’s results: the iPad.”

“Sales in Apple’s tablet division soared 22% to about $4.9 billion in the first three months of 2019, the fastest pace of growth in six years, CEO Tim Cook said on the company’s earnings call,” Mohamed writes. “More than half of its customers were first-time iPad buyers, he added, which boosted the base of active iPad users to an all-time high.”

“Strong tablet sales were ‘fueled primarily by the great customer response to our new iPad Pros,’ said CFO Luca Maestri on the earnings call,” Mohamed writes. “The latest model’s resolution, processing power, and support of Apple Pencil and Smart Keyboard make it a popular replacement for laptops with both consumers and professionals, he added.”

The complete Apple iPad lineup now includes Apple Pencil support, best-in-class performance, advanced displays and all-day battery life

 
Read more in the full article here.

MacDailyNews Take: That more than 50% were first-time iPad buyers is important especially because some of those are “new to Apple,” meaning the iPad is helping to add to Apple’s installed base which will further help to fuel Services.

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