Showing posts with label earnings. Show all posts
Showing posts with label earnings. Show all posts

Friday, October 26, 2012

Tim Cook lets loose, gets cocky during Apple’s earnings call

Tim Cook took the opportunity to spice up a generally boring earnings call event by talking some smack. Setting his aims on seven-inch tablets and Microsoft, Cook made his opinion known on his company's competition while still managing to brag about Apple's future.

Tim Cook is starting to really embrace his role as Apple’s CEO. He’s had the position for over a year now but he finally seems to be getting the hang of filling in for Steve Jobs. The past few days have shown his biggest marks of progress as he’s spewed out several almost unjustifiably cocky statements about Apple’s creations while simultaneously attacking his competition. Jobs was the master of this art and managed to set the bar rather high for his successor. One of his more famous remarks was about his well-known distain for seven-inch tablets, and today we learned that Tim Cook agrees.

Always up for a challenge, Cook decided today’s Apple earnings call would be a good place to start dropping gems of wisdom and All reports seem to point to Cook putting on quite the show for his company. Between reciting numbers about growth and doing some masterful spinning on some of the tough situations like iPhone 5 rollouts, he also managed to make time to pat himself and Apple on the back with one hand while driving a knife into the hopes of Microsoft and others. Here’s a quick round up of some of our favorite quotes from Cook’s instant classic of an earnings call.

iPad Mini Pricing

When asked about the pricing philosophy that Apple uses when deciding the cost for one of its products, specifically the iPad Mini, Cook did his best to explain how quality justifies the cost: ”One of the things we try to do is to create a product that people will love for months and years and continue using. That’s what iPad mini is designed to do.” The emphasis here should be on months if you’re an iPad owner. Everyone excited about that new Lightning connector?

It’s not seven inches

The iPad Mini has been a point of contention in Apple’s overall plan, mostly thanks to Steve Jobs’ instance in the pointlessness of that size. Presented with a question about the company’s about face on the smaller sized tablet, Cook took the opportunity to defend the product.

“We would not make one of the seven-inch tablets. We don’t think they’re good products, and we would never make one. Not just because it’s seven inches, but for many reasons. One of the reasons, however, is size. The difference in just the realistic size between 7.9, almost 8, versus 7 is 35 percent.” Feel free to fast forward to the next major Apple event where Cook brags about having the fastest selling 7.9 inch tablet on the market.

Not entirely satisfied with that answer, Cook continued to defend Apple’s little tablet. “When you look at the usable area, it is much greater than that. You know, it is from 50 percent to 67 percent. And also the iPad Mini has the same number of pixels as iPad 2 does.” If you think about it, saying the iPad Mini has the same display power as a product you essentially made obsolete in the same press conference might not be the best line of defense.

Surface tablet neither flys nor floats

Having talked enough about his own company for awhile, Cook moved to discussing Apple’s newest competitor, Microsoft. When asked about the launch of the Surface tablet and how that may change the market, Cook was quick to go on the attack. “I haven’t firstly played with the Surface yet, but what we are reading about it is that it’s a fairly compromised confusing product. …I suppose you could design a car that flies and floats, but I don’t think it would do all of those things very well.” T-Minus 5 minutes before the web blows up with rumors of an invitation to another Apple event announcing a car, and 10 minutes until rumors of an iCar Mini.

We’re not sure if this has been in Cook’s repertoire this entire time and he’s been holding back, but we hope it continues. It’s fun to see guys in Cook’s position speak with some passion and confidence is entertaining. Let’s put it this way, it takes a lot to make a call about earnings interesting to those that aren’t rolling in the profit announcements.


Source : http://www.digitaltrends.com/mobile/tim-cook-cooks-up-some-quotable-moments/

Samsung profits double year-on-year thanks to Galaxy S3

Samsung profits double year-on-year thanks to Galaxy S3
The Galaxy S3 has been raking in the cash for Samsung

Samsung has posted another successful quarter of earnings, as the Korean firm reveals profits have almost doubled since last year.

The electronics manufacturer revealed it had generated $47.5 billion (around £29.5 billion/AU$46 billion) in revenue during the third quarter of 2012, with an operating profit of $7.4 billion (around £4.6 billion/AU$7.2 billion) and a net profit of $5.97 billion (around £3.7 billion/AU$5.8 billion).

It notes that the profit represents a 91 per cent increase on earnings during the same period in 2011, which is sure to thrill Samsung's bosses and investors alike.

Mobiles lead the way

The company says its smartphone business has played a large part in its huge profit gain this year, with the likes of the Samsung Galaxy S3 proving very popular around the world, with the mobile division accounting for almost half of Samsung's total revenue.

Samsung also highlighted its Organic Light-Emitting Diode (OLED) and Liquid Crystal Display panels as contributing factors to its strong financial results, with the displays appearing in a variety of smartphones, tablets and TVs.

For the final quarter of the year Samsung predicts strong sales in the tablet PC market, plus the impending holiday season will boost demand for technology, however it expects its PC memory sector to witness a weak quarter as demand diminishes.


Source : http://www.techradar.com/news/phone-and-communications/mobile-phones/samsung-profits-double-year-on-year-thanks-to-galaxy-s3-1107591

Thursday, October 25, 2012

Healthy figures mean more ads coming to Facebook's mobile apps

Healthy figures mean more ads coming to Facebook's mobile apps
Mobile - the future of Facebook

Facebook came clean about its plans for the future in an earnings call yesterday, talking up the potential for its mobile business and healthier-than-expected income for Q3 2012.

Having revealed that Facebook made over 14 per cent of its advertising income from mobile ads (equating to around $150 million/ £92m/ AU$144m), CEO Mark Zuckerberg told investors that mobile is a key part of the company's future.

"I think our opportunity on mobile is the most misunderstood aspect of Facebook today," CEO Mark Zuckerberg told investors.

"As proud as I am that a billion people use Facebook each month, I'm also really happy that over 600 million people now share and connect on Facebook every month using mobile devices."

Spectappular

He added that 126 million users accessed Facebook only through a mobile device in September and that the mobile trend can mean only dollar-signs for the social network.

"First, mobile will give us the opportunity to reach way more people than desktop," he explained.

"Second, people on mobile use Facebook more often. And, third, long term, I think we're going to monetise better per amount of time spent on mobile than desktop."

So what does this mean for the average Facebook user? Probably more adverts on the move; Zuck sees mobile ads becoming more "like TV" in that they're integrated into the app itself rather than simply displayed alongside.

You can already see the beginnings of this in the undismissable sponsored posts popping up in your mobile newsfeed.

Facebook's shares rose 19 per cent on the strength of the announcements, the site's highest ever rise since it went public back in May.

Instawhat

The financial filing also revealed the final amount that Facebook bought photo-sharing app Instagram for: a total of $715 million (around £443m/ AU$688m).

It's a lot lower than filter-happy photography app's reported price tag of $1 billion because a certain percentage of the payment was made in shares, which lost value as Facebook struggled on the stock market.

Still, what do you expect from a company that prides itself on being like a chair?


Source : http://www.techradar.com/news/internet/healthy-figures-mean-more-ads-coming-to-facebooks-mobile-apps-1107303