Apple Live TV Service Not Coming Until 2016

Bloomberg reports that Apple will be unable to deliver their rumored live TV-over-internet streaming service for the Apple TV until 2016. Content negotiations are reportedly stalling the launch of the service, which Apple had hoped to be ready for their rumored September 9th media event.

The company wanted to introduce this year a live TV service delivered via the Internet, but is now aiming for 2016, said people familiar with Apple’s plans.

Apparently, pricing of the new TV service is one of the main hurdles in the negotiations. Bloomberg reports that Apple wants to offer „a package of popular channels“ for $40/month, a significant discount from the average cable bill.

A new Apple TV set top box, however, is still said to be ready for release. The new Apple TV is rumored to have a touch-based remote control and full app store. Apple is expected to announce the new Apple TV on September 9th.

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Teardown Reveals New 13-Inch MacBook Air SSD is Nearly Twice as Fast as SSD in New 11-Inch MacBook Air

Apple on Monday refreshed its MacBook Air lineup, adding Broadwell chips and Intel 6000 graphics. Both models received the same processor updates, but the 13-inch MacBook Air got an extra boost – new PCIe-based flash storage that Apple says is „up to two times faster“ than the flash storage used in the previous generation MacBook Air. The 11-inch MacBook Air did not receive the same flash storage update.

iFixit decided to test Apple’s „two times faster“ claim by comparing SSD speeds between a new 11-inch MacBook Air and a new 13-inch MacBook Air, with results that suggest the SSD in the 13-inch MacBook Air is indeed nearly twice as fast as the SSD in the MacBook Air.

Average write speeds for the 11-inch MacBook Air using Black Magic’s Disk Speed Test were 315MB/s, while average read speeds were 668MB/s. The 13-inch MacBook Air saw average write speeds of 629.9MB/s and average read speeds of 1285.4MB/s.

An iFixit teardown of the 13-inch MacBook Air conducted this morning suggests the notebook is using Samsung flash memory with a Samsung controller. A teardown of the 11-inch MacBook Air, which does not feature the faster flash storage, was equipped with SanDisk flash memory and a Marvell controller. In comparison to the Samsung flash storage used in the previous-generation 13-inch MacBook Air, iFixit said „it’s definitely an update.“

The new 13-inch MacBook Air is available from Apple’s online and retail stores with prices that start at $999. The higher-end $1,199 model can be configured with up to 512GB of flash storage.

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Last chance to Pay What You Want for the Learn to Design Bundle [Deals]

Cult of Mac Deals is proud to offer the Pay What You Want: Learn to Design Bundle, a package of elite level web design courses valued at $840, for one shockingly low price. Hurry though, this offer expires tomorrow night! With…Read more ›

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iPad 2 Sales Drop Significantly as Holiday Shoppers Choose Pricier iPads

iPad 2 sales have dropped significantly following the introduction of new iPad and iPad mini models back in October, according to the latest research from Consumer Intelligence Research Partners. Both the mini and full-size iPad Air making significant percentage gains in Apple’s iPad mix.

For the September quarter, the last quarter before the new iPads were released, CIRP said the iPad 2 accounted for some 22 percent of iPad sales. For the December quarter, the iPad 2 fell to only 5 percent of total iPad sales.

In the quarter, the iPad mini with Retina display remained supply constrained until at least mid-December – the full size iPad accounted for 54 percent of sales, while the iPad mini accounted for 41 percent.

„Apple managed to shift significant sales to its higher-priced models,“ said Mike Levin, CIRP Partner and Co-Founder. „For the past year, the legacy iPad 2 grabbed from one-quarter to one-third of iPad sales. Along with the trend toward sale of models with larger storage capacities, Apple should see higher iPad average selling prices, with iPad 2 at only 5% of total sales and iPad mini sales split between the original model and the new iPad mini with Retina display.“

The new iPad Air – which was in strong supply for the quarter – accounted for 41 percent of total iPad sales, significantly outselling the fourth-generation full-size iPad. Sales of the non-retina iPad mini outstripped its retina-equipped brethren, likely because of supply issues. On the U.S. Apple Online Store, the iPad mini with Retina display only began shipping within 24 hours at the end of December.

The shift of sales from the cheaper iPad 2 to the more expensive iPad Air and iPad mini with Retina is a good sign for Apple. The company has seen its iPad Average Selling Price consistently drop over the past three years.

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Nokia CEO Admits Samsung Scared Company Away From Android

Nokia’s decision to only make Windows smartphones has been heavily scrutinized ever since CEO Stephen Elop made the announcement in 2011. Why go with Microsoft’s new platform when Android was already better established? In a recent interview Elop revealed the reason Nokia didn’t switch to Android was because they felt it was going to get […]

The post Nokia CEO Admits Samsung Scared Company Away From Android appeared first on Cult of Mac.

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Apple Reports Q2 2013 Quarterly Results: $9.5 Billion Profit on $43.6 Billion in Revenue, Increases Dividend and Share Repurchases [Conference Call In…

Apple today announced financial results for the first calendar quarter of 2013 and second fiscal quarter of 2013. For the quarter, Apple posted revenue of $43.6 billion and net quarterly profit of $9.5 billion, or $10.09 per diluted share, compared to revenue of $39.2 billion and net quarterly profit of $11.6 billion, or $12.30 per diluted share in the year-ago quarter.

Gross margin for the quarter was 37.5 percent compared to 47.4 percent in the year-ago quarter, with international sales accounting for 66 percent of revenue. Apple also declared a increased dividend payment of $3.05 per share, payable on May 16 to shareholders as of the close of trading on May 13. The company currently holds $145 billion in cash and marketable securities.

In addition to the increase in the dividend payment, Apple said it will dramatically increase its share repurchase authorization to $60 billion from $10 billion. The company says it expects to spend $100 billion in cash under its capital return program by the end of 2015. Apple is now paying $11 billion per year in dividends to shareholders.

Quarterly iPhone unit sales reached 37.4 million, compared to 35.1 million in the year-ago quarter, and the company sold 19.5 million iPads, up from 11.8 million in the year-ago quarter. Apple sold just under 4 million Macs compared to 4 million in the year-ago period.

“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” said Tim Cook, Apple’s CEO. “Our teams are hard at work on some amazing new hardware, software and services, and we are very excited about the products in our pipeline.”

Apple’s guidance for the third quarter of fiscal 2013 includes expected revenue of $33.5-35.5 billion and gross margin between 36 and 37 percent.

Apple will provide live streaming of its Q1 2013 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Apple’s stock price is trading up more than five percent after hours as the market reacts to the earnings news.

Conference Call Highlights

– „A lot of news to share with you today“ regarding March quarter and capital return program.
– Halfway through fiscal 2013 year, introduced and ramped production of unprecedented number of new products.
– Revenue was more than $98 billion, net income more than $22 billion.
– 85 million iPhones, 42 million iPads. Unimaginable to us a few years ago.
– Beat our guidance but didn’t meet everyone’s expectations.
– Achieved incredible scale and financial success. Margins have decreased and growth has slowed.
– Revenues grew $13 billion in first half of the year. Average weekly growth slowed to 19%. Gross margins closer to levels from a few years ago.
– Year over year comparisons difficult because of incredible 2012.
– iPad Mini pushed margins down.
– Guiding to same revenue but decline in margins.
– Decline in stock price has been frustrating, but Apple remains strong and we will continue to do what we do best. Can’t control exchange rates and world economies and certain cost pressures.
– Most important objective is to create innovative products.
– Continue to focus on the long term, remain very optimistic in our future.
– Participating in large and growing markets, see lots of promise in front of us.
– Great ecosystem.
– Potential of exciting new product categories.
– Smartphone market will double between 2012 and 2016, to 1.4 billion units annually. Tablets growing even faster.
– Amazing new hardware, software and services coming this fall and throughout 2014.
– Strongest ecosystem in the industry.
– Highest loyalty and customer satisfaction rates in the industry.
– Focus on the world’s best products that change people’s lives.
– Same company that brought the iPhone and iPad, and have a lot more surprises in the works.

– Returned $10 billion under share repurchase and dividend payments.
– Continue to generate cash in excess of our needs.
– Firmly committed to attractive returns to shareholders through business growth and return of capital.
– Return $100 billion by the end of calendar 2015.
– Concluded that investing in Apple was the best option.
– Increasing dividend by 15%, will access the debt markets.
– Appreciate input from so many shareholders. Will evaluate yearly and will continue to invest in the business.
– Disciplined but will not underinvest.

– New March quarter records for iPhone and iPad sales, new record for iTunes sales.
– Strong growth in iPhone and iPad sales.
– 37.4 million iPhones sold, up from 35.1 million y/y. 7% growth. 11.6 million in channel inventory, up 1 million sequentially. In target range of 4-6 weeks of inventory. #1 spot in U.S. smartphone market for 3-months ending in February. iPhone number 1 in Japan for all of calendar 2012 and Q4 2012. First time a non-Japanese company has achieved the number one spot for an entire year.
– IDC says iPhone is number 1 or 2 in smartphone sales in half the countries IDC tracks.
– 95% loyalty rate among iPhone owners, „substantially higher“ than the competition. JD Power ranks iPhone top for 9 years in a row.
– 30,000 companies distributing iOS apps for their employees. Cisco BYOD increased iPhones connecting to its network by 50%.

– 19.5 million iPads versus 11.8 million y/y. Very strong growth in every operating segment, sales more than doubled in Greater China and Japan. iPad and iPad mini are extremely popular. Significantly more iPad minis sold this quarter. Overwhelming majority of iPad mini purchasers are first time iPad customers.
– iPad mini is now in target range of 4-6 weeks of iPad channel inventory.
– 96% of iPad customers are satisfied with their tablets.
– Delighted by the number of companies using iPad, plus adoption of iPad in emerging countries.

– Just under 4 million Macs. 2% down y/y. Global computer market contracted 14% y/y. Decline in portable sales, increase in iMac sales.
– 4-5 weeks of Mac channel inventory.

– 5.6 million iPods, iPod Touch accounts for more than half of iPods sold. iPod share of US market of MP3 players was more than 70% of market.

– Apple ecosystem continues to grow and thrive.
– Very important driver of customer satisfaction and retention.
– Sunday marks 10th anniversary of iTunes Music Store.
– Quarterly billings of $4 billion, a new record. $16 billion annual run rate. Largest digital content store in the world.
– Music stores in 119 countries, 35 million songs, movies in 109 countries, iBookstore in 155 countries. App Store in 155 countries, covering 90% of world’s population. 850,000 iOS apps, 350,000 apps for iPad.
– App downloads passed 45 billion, app devs have made $9 billion total.
– App Store accounted for 74% of all app sales worldwide in March quarter.
– App Store accounted for 95% of Backflip Studio’s annual $100 million in revenue.

– iOS platform offers secure environment.
– 97% of mobile malware on Android.
– iPad accounted for 82% of all North American tablet traffic in March.
– 800 apps downloaded per second in the quarter, y/y app revenue doubled.

– 300 million people using iCloud. Great new features and capabilities in the pipeline.

– $5.2 billion in retail, up 19%. Up because of iPhone and iPad sales. 402 stores, including 151 outside the US. Open 30 new stores in fiscal 2013, plus 20 store remodels. Average revenue per store $13.1 million vs $12.2 million y/y. 91 million visitors compared to 85 million y/y. 78,000 per store per week.

– $144.7 billion in cash plus short and long term marketable securities. Up $7.6 billion. $102 billion is offshore.
– $2.5 billion in dividends, concluded $1.95 billion accelerated share repurchase program. 4 million shares of Apple stock retired.
– Doubling return of capital program to $100 billion by end of 2015.
– Average of $30 billion per year.
– Dividends, share repurchases.

– Will access debt markets.
– $60 billion in share buyback, largest of any company in history. Repurchasing shares is attractive use of capital. Buy shares beginning this month. Continue to net share settle employee RSU’s. $1 billion of cash annually.
– Quarterly dividend to $3.05/share from $2.65, up 15%.
– Will review annually.
– Among the largest dividend payments in the world, roughly $11 billion per year.
– Will access U.S. debt ratings over time. Generating significant cash offshore, repatriating cash would cause significant tax consequences.
– Access to attractively priced capital, efficient leverage of our balance sheet.
– Will maintain domestic liquidity.

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Name Your Own Price Mac Bundle Offers 10 Apps With 10% Going to Charity [Mac Blog]

StackSocial has launched its second ‘Name Your Own Price’ Mac bundle, offering 10 Mac apps to any purchasers who pay more than the average purchase price (currently $7.99). Anyone paying less than the average price receives just three apps.

Additionally, ten percent of the purchase price goes to one of three charities: Child’s Play, the World Wildlife Fund, or Creative Commons.

The three apps that every buyer gets are:

Elmedia Player Pro – $20 – Flash Video Utility
HoudahSpot – $29 – Spotlight Addon
PhotoBulk – $10 – Watermark and Photo Utility

Buyers that pay more than the average price also receive:

DiskTools Pro – $80 – Hard Drive Utility
CrossOver 12 – $60 – Run Windows Software
Snapz Pro X – $69 – Screenshot and Video Utility
Paperless – $50 – Document Manager
Mac Blu-ray Player – $60 – Blu-Ray Player Software
Gemini – $10 – Duplicate File Locator
Musictube – $11 – YouTube Music Player

The deal ends in just over 7 days and it’s likely the price will rise slowly because buyers need to pay at least the average price in order to get the full selection of apps.

MacRumors is an affiliate partner of StackSocial.

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Apple Stock Jumps on Rumors of Stock Split at Tomorrow’s Shareholder Meeting

Hedge fund manager Doug Kass tweeted (via 9to5Mac) a short time ago that he is hearing rumors of an announcement regarding a stock split coming at Apple’s shareholder meeting scheduled for tomorrow at the company’s headquarters in Cupertino, California. The stock has reversed course since Kass’s Tweet, moving from down $5 to up $5.

Many observers, such as Fortune‘s Philip Elmer-Dewitt, are calling into question Kass’s statements, noting the sequence of events that saw him announce a large position in Apple, float the rumor of a stock split, and then announce that he was selling off shares after the stock spiked. Kass has, however, defended his Tweet, saying that the rumors were „all over the Street“.

While a stock split would not add any intrinsic value to Apple’s market value, some have viewed a potential split as a positive for Apple under the perception that a company is more likely to split when it is confident that the stock price will rise in the future. Observers have also argued that high stock prices for companies like Apple and Google have kept them from being added to the Dow Jones Industrial Average given the outsized impact they would have on the price-weighted index.

Apple’s last stock split came in February 2005, a 2-for-1 move that brought the price of a single share down to just under $45. Apple has refrained from splitting its stock since that time, with investors seeing the share price rise to over $700 before pulling back to the current level around $450.

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