QUARTERLY REPORT

At Nearly $90B, Apple Blows Past Wall Street’s 2Q Earnings Expectation

Apple sped right past Wall Street’s expectations for its second fiscal quarter of 2021. For the three months ending on March 27, Apple reported $89.6 billion in revenue and earnings per share of $1.40. That was above the Wall Street expectations of $77.35 million in revenue and 99 cents per share. Apple hit a new high in revenue from its services and Mac sales in the quarter, with more than $9 billion in Mac sales. Services revenue totaled nearly $17 billion the quarter. International sales accounted for 67% of the quarter’s revenue.

Apple To Enforce iPhone Privacy Change

The next major update to the iPhone operating system, iOS 14.5, will be released “next week,” Apple said Tuesday. The detail was slipped into new product announcements Apple made Tuesday. IOS 14.5 has a lot of new features, but the one that’s being most closely watched is called ATT, or App Tracking Transparency. Companies that rely on online advertising, especially Facebook, have said that the privacy change will reduce the effectiveness and profitability of targeted ads and potentially roil the online advertising business.

Apple 4Q Beats Wall Street Forecasts

 

The company earned nearly $29 billion, or $1.68 per share, in its latest quarter, a 29% increase from the same time in the previous year. Revenue surged 21% to $111.4 billion. All those numbers exceeded analyst estimates, but investors evidently had even higher hopes for Apple. The company’s stock dipped 1% in extended trading after the quarterly results came out.

Apple Mulls Podcast Subscription Push

The iPhone giant has explored adding a paid audio product, a risky move given the proliferation of free, ad-supported programming.

UPDATED SUNDAY 12:32 PM ET

Squelched By Twitter, Trump Seeks A New Outlet

Though deprived of his big online megaphones, Trump does have alternative options of much smaller reach, led by the far right-friendly Parler — even if Google and Apple both removed it from their app stores.

Facebook Declares War On Apple

The social media company joins the antitrust effort against the iPhone maker, claiming that changes to the iOS that block targeted advertising that Facebook specializes in is an assault on small businesses.

Julia Roberts To Star In Apple Series ‘The Last Thing He Told Me’

What Apple’s New Mac Products And M1 Chip Mean For Production

Apple has unwrapped a new MacBook Air, 13-inch MacBook Pro and Mac mini, its first products using the M1, the computer makers’ first chip designed specifically for the Mac. With Tuesday’s news, some in the production community were encouraged by the potential of the new tech for many content creators.

QUARTERLY REPORT

Tech Giants Report Mixed 3Q Results

While all five — Amazon, Google parent Alphabet, Facebook, Apple and Twitter — exceeded analyst expectations, gloomy forecasts and other uncertainties led to share-price declines for all but Alphabet in after-market trading.

Big Tech Stocks Surge Ahead Of Earnings Tsunami

Apple, Facebook, Amazon and Alphabet rallied on Thursday ahead of earnings reports from the group of technology heavyweights that has helped keep Wall Street in positive territory this year, despite the coronavirus pandemic.

Apple Reportedly Looking To Develop Own Search Engine

Apple TV App Comes To Sony Smart TVs

Apple Unveils Subscription Service Bundle

Apple will bundle some of its subscription services together for discount. Customers who want to buy subscriptions to Apple TV+, Apple Music, Apple Arcade and iCloud storage will soon be able to do so for a combined price that starts at $15 per month.

Apple Is Worth $2T, Punctuating Big Tech’s Grip

On Wednesday, Apple became the first U.S. company to hit a $2 trillion valuation when its shares climbed 1.2% to $467.78 in morning trading, capping a staggering ascent that began in the pandemic.

Apple TV+ To Launch Discounted Bundle

Apple Inc. plans to bundle access to CBS All Access and Showtime content at a discounted price for subscribers to its TV+ video service, according to people familiar with the plans. This is Apple’s first discounted bundle offering for video content with the TV+ service. Currently, users must subscribe to different content providers in the TV app on an à la carte basis.

Scorsese, Apple Sign First-Look TV-Film Deal

Martin Scorsese and his Sikelia Productions banner have signed a first-look film and television deal with Apple. The acclaimed director is currently working with the streamer on the film Killers of the Flower Moon, which will directed by Scorsese and stars Leonardo DiCaprio and Robert De Niro. The film is in pre-production and is expected to debut in 2021. Scorsese’s deal comes just over a week after it was announced that DiCaprio and his Appian Way production company had signed a first-look television deal with Apple.

QUARTERLY REPORTS

Amid Pandemic, Mixed Earnings For Big Tech

The staggering economic fallout caused by the coronavirus pandemic was reflected in reports released Thursday from Amazon, Facebook, Apple and Google’s corporate parent, Alphabet.

The 5 Biggest Little Lies Tech CEOs Told Congress

No, Google, we’re not really in control of our data. And yes, Facebook, you profit from harmful information.

Tech Hearing Suggests Antitrust Crackdown Could Come Soon

Analysis: heated exchanges raise concern over anticompetitive behavior as chair warns of companies’ “monopoly power.”

Why The Tech Giants May Suffer Lasting Pain From Their Hill Lashing

Lawmakers investigating Facebook, Amazon, Google and Apple made it clear that their allegations of antitrust abuses come with a lengthy paper trail.

House Batters Tech CEOs, Don’t Land Many Blows

Invective flew Wednesday as legislators questioned Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple at a hearing of the House Judiciary subcommittee on antitrust. For the last year, that panel has probed the business practices of the Silicon Valley giants with an eye to determining if they need to be regulated more heavily, or even broken up.

UPDATED, WEDNESDAY, 5:54 PM ET

4 Big Tech CEOs Get Grilled By Congress

The powerful executives sought to defend their companies amid intense grilling by lawmakers on Wednesday. The executives provided bursts of data showing how competitive their markets are, and the value of their innovation and essential services to consumers. But they sometimes struggled to answer pointed questions about their business practices. They also confronted a range of other concerns about alleged political bias, their effect on U.S. democracy and their role in China.

Spotlight On 4 Big Tech CEOs Testifying Wed.

On Wednesday, Amazon CEO Jeff Bezos, Facebook’s Mark Zuckerberg, Google’s Sundar Pichai and Tim Cook of Apple will answer for their companies’ practices before Congress for the first time as a group. Summoned for a House hearing, they’ll raise a hand (remotely) and swear to tell the truth, in the manner of tycoons of Wall Street or the tobacco industry in earlier high-octane televised shamings.

Oprah Winfrey Sets New Interview Series At Apple

Sonnet Intros Internal Drive Mount For 2019 Mac Pro

Sonnet Technologies today announced the Fusion Flex J3i three-drive mounting system for the 2019 Mac Pro, the company’s latest internal storage enhancement product for the most powerful computer offering from Apple. The Fusion Flex system comprises a custom mounting bracket and plates that support the installation of 3.5-inch SATA hard disk drives (HDDs) and 2.5-inch SATA SSDs […]

Apple Acquires NextVR, Setting Stage For Bigger Leap Into AR, VR

Apple To Close All U.S. Stores For 2 Weeks

Meredith Shuts Down Production Unit Before Apple+ Show ‘Home’ Debut

FTC Launches Inquiry Into Big Tech Deals

The Federal Trade Commission has launched a lookback at some of the smaller past acquisitions by some of the largest tech companies. The FTC said Tuesday it has issued “special orders” to Alphabet (Google), Amazon, Apple, Facebook, Google and Microsoft, which require them to provide info on all acquisitions over the past decade (Jan. 1, 2010 through Dec. 31, 2019).

Analyst: Apple’s TV Push Is ‘Failing To Resonate

Apple Inc.’s streaming video service has gained limited traction with consumers, and this could represent a cautious signal as the company moves away from hardware sales and toward services, according to Bernstein. Analyst Toni Sacconaghi estimated that fewer than 10 million consumers had opted for their free 12-month trial of Apple TV+, citing an analysis of the company’s first-quarter results.

Richard Plepler And Josh Tyrangiel May Revive Their HBO Act For Apple

QUARTERLY REPORT

Apple TV+ MIA In 1Q Earnings Report

Apple TV+ was one of the biggest product launches in years for Apple. But you wouldn’t know that from Apple’s just-released earnings. The streaming service, which launched last November after years of stops and starts, was not mentioned once in the tech giant’s first-quarter earnings report. During the subsequent earnings call with analysts, CEO Tim Cook dedicated only a brief mention of the new service when he said it was off to a “rousing start” but declined to disclose any actual subscriber numbers.

Julia Louis-Dreyfus Inks Apple Overall Deal

Fresh off seven seasons of HBO stalwart Veep, she has signed a sweeping overall deal with the tech giant and streaming platform. Under the multiple-year agreement — which should be seen as a massive “get” for Apple video heads Zack Van Amburg and Jamie Erlicht — the Emmy-winning actress will develop new projects exclusively for Apple — as both an executive producer and star.

Apple Made Big Hollywood Splash. It Needs More

The Apple TV Plus launch this year was a multibillion-dollar bet. Next year we learn if Apple can move beyond being just the iPhone company.

Apple Reportedly Entering Satellite Business

Apple Inc. has a secret team working on satellite technology that the iPhone maker could use to beam internet services directly to devices, bypassing wireless networks, according to people familiar with the work. The Cupertino, California-based iPhone maker has about a dozen engineers from the aerospace, satellite and antenna design industries working on the project with the goal of deploying their results within five years, said the people.

Apple May Bundle Digital Subscriptions In 2020

Apple Inc. is considering bundling its paid internet services, including News+, Apple TV+ and Apple Music, as soon as 2020, in a bid to gain more subscribers, according to people familiar with the matter.

Kim Rozenfeld Steps Down As Apple Head Of Current Programming & Unscripted

Apple Eyes 2022 Release For AR Headset, 2023 For Glasses

How Will Apple, Disney, AT&T, Netflix Retain Streaming Subs?

Freebies Are The Key In New ‘Streaming Wars’

Apple, Disney and AT&T’s WarnerMedia want to jump-start their challenges to Netflix by offering freebies and deep discounts on emerging streaming plans.