Friday, October 26, 2012

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Apple Adds 8 New Currencies Supported In App Store, Including Russian Ruble, Indian Rupee And Saudi Riyal Top
russia app store in rublesApple continues to go global with its App Store ambitions: the company has made eight additions to the list of supported currencies. The new currencies are the Russian Ruble, Turkey's Lire, India's Rupee, Indonesia's Rupiah, Israel's New Shekel, Saudi Arabia's Riyal, South Africa's Rand, and United Arab Emirates' Dirham. The additions came after developers were told earlier in the week that iTunes Connect, the portal that lets developers control pricing and app availability, would be down for a period of time on the 25th.
 
Unpinned: Facebook Shuts Down Test Of Its Pinterest-Style Collections Feature Top
Do not Want Button-DoneNo so Pinteresting after all. Facebook began testing Collections on October 8th. But today I found that product photos users collected had disappeared and links to Collect posts were dead. Now Facebook confirms its "completed the test". Maybe no one tried it. Maybe Facebook will try breaking into commerce discovery some other way. But for now Collections is done for.
 
Apple Store Down Ahead Of iPad Mini Pre-Orders Top
Screen Shot 2012-10-26 at 12.05.17 AMThe Apple Store just went down, and we know what's coming next in this instance: iPad mini pre-orders start Oct. 26, and if past experience proves anything, they'll come online first thing in the morning. So if you're looking to get one of the first iPad minis, start refreshing feverishly. We'll also be sure to let you know when things come back online so you can scratch that itch for a smaller iOS tablet.
 
Scenes From Microsoft's Packed Times Square Surface Launch Top
surfacenyc1Driving through Times Square is a tricky proposition even on normal nights, but for a few moments tonight it was basically impossible to cruise down 7th Avenue. That's because Microsoft officially kicked off sales for its new Windows RT-powered Surface tablet, and briefly closed the street to ensure none of the curious onlookers were hit by errant cabs.
 
Cars That Fly *And* Float: Explaining Apple's Q4 And Beyond Top
Screen Shot 2012-10-25 at 4.42.26 PMApple's Q4 2012 results were mixed. As usual, reading Twitter, you'd think this was the end of the world. Nevermind that Amazon managed to post a loss on $13.8 billion in sales today — Apple only made $8.2 billion in profit. "Ahhhh!!!!! What is wrong with Apple?!!!" "This would have never have happened under Steve!" That's right, such a profit wouldn't have happened under Steve. In fact, it never did. Jobs' best quarter in terms of profit was just over $7 billion — and actually, that's when Tim Cook was interim CEO last year.
 
Strategy Analytics: iPad's Loss Is Android's Gain In Tablets In An A Lackluster Quarter Of 25M Units Shipped Top
ipad-with-ipad-miniWith Apple just ending its conference call for its quarterly results, Strategy Analytics has published its numbers on global tablet sales for the quarter. Apple and the iPad remain in the lead with 57% of all shipments, but just as Apple missed sales expectations on the iPad, it also is losing some market share in the tablet market overall, with Android picking up the slack to reach an all-time high of 41% of shipments on overall shipments of just under 25 million units.
 
Yahoo! Is Testing Out New Logo Ideas, Still Isn't Dropping The ! Top
yahoo logo testYahoo is looking to make a clean break with some aspects of its past with Marissa Mayer now at the helm -- and one of those, it seems, could be its logo. A TC reader says that he was asked to take an online survey, "and it turned out to be all about asking me to compare Yahoo's current logo to a potential new logo," he tells us. Here is a screenshot from that survey:
 
Longtime Googler Russ Laraway, National Media Sales Lead, Joins Twitter Top
2767126904_3c7fd48e10_zAccording to a tweet from longtime Googler Russ Laraway, he has decided to join the flock at Twitter. According to Laraway's LinkedIn profile, he won a "2011 Great Manager Award", along with 19 other people.
 
Amazon CFO Kinda, Sorta Defends The Company's Disappearing Profits Top
kindle fireWhat's going on with Amazon.com's profits? That's what a few of the analysts on today's earnings conference call seemed to be asking, albeit with some convoluted, finance-focused questions. The context is a disappointing third quarter earnings report. While sales continue to grow, profits have not been doing the same, with Amazon only bringing in $7 million of net income during Q2, and showing a $274 million loss in Q3. Investor Marc Andreessen has actually praised Amazon CEO Jeff Bezos for not focusing on profits, but analysts today asked for some sense that the investments are actually paying off.
 
Apple Fighting Revenue Stagnation In Europe: Fiscal Q4: $8,023BN Total Revenue, Down 3% On "Essentially Flat" Q3 Top
2010-06-06T15-56-53 -- DSC_0385Europe is a key market for Apple. Last quarter it remained the second-highest revenue generating region after the U.S. In its Q4 earnings today, Apple reported total revenues of $8,023 billion in Europe for Q4, down three percent on the previous quarter. Total revenues in the region were up eight percent year-on-year, but sales of Macs were down three percent.
 
Tim Cook On Steve Jobs' Tablet Rant: We Will Never Make A 7-Inch Tablet, We Don't Think They're Good Products Top
6217030842_882fa75de1_zDuring the Q4 Apple earnings call, Cook addressed words spoken by Steve Jobs in the past regarding a 7-inch tablet
On comments that Steve made before about 7 inch tablets, let me be clear, we would not make one of the 7 inch tablets, we don't think they're good products, we'd never make one.
 
Apple CEO Tim Cook Defends iPad Mini's "Aggressive Pricing" Top
hero_black_2xOn the Apple Q4 conference call, both CFO Peter Oppenheimer and CEO Tim Cook took a moment to defend the iPad's pricing in response to a question about what they think about comments it's too high. Not surprisingly, both defended the pricing decision and talked quality. Cook argued that they didn't want to create a device that gets users to buy, but then doesn't get used.
 
Warner Bros. Signs Up As First Studio Partner For Redbox Instant By Verizon, Gets 28-Day Delay For DVD Rentals Top
verizon redboxRedbox and Verizon are moving closer to the launch of a new streaming service to compete with Netflix, Amazon Prime Instant Video, and other online video companies. Today, they announced that they signed up their first studio partner: Warner Bros., which as part of the deal also worked out a 28-day delay for availability of its DVD titles.
 
Still A Hobby, But A Beloved Hobby: Apple Sold 1.3 Million Apple TVs In Q4, Bringing Total To 5.3 Million In Fiscal 2012 Top
2079168994_d6b825bce7_zIt might not ship as many units as the iPhone or the iPad, but Apple TV continues to gain ground in the connected TV market. During today’s earnings call, Apple CEO Tim Cook said the company sold 1.3M units of the device in its fourth quarter, ending with 5.3M total sold over the last 12 months — not bad for a device that Apple has considered a “hobby” over the years. Cook said today: It still has the hobby label, however, it’s a beloved hobby. While Apple TV sales growth continues, speculation that Apple would begin building an actual HDTV device has actually died down in recent months. Meanwhile, Apple has been making the streaming device more useful — mostly by adding AirPlay to more devices, and by making the technology more useful. With the latest version of its Mac operating system, OSX Mountain Lion, Apple gave users the ability to do AirPlay Mirroring from their computers. That allows anyone to stream full-screen video from a Mac to the Apple TV, eliminating the need to connect devices by cable. And with the release of iOS6, Apple gave developers better tools for creating dual-screen apps for the iPhone and iPad. Apple hasn’t added a ton of new apps to the Apple TV device over the years, but with better AirPlay support it doesn’t need to: Developers can leverage Apple’s entire existing ecosystem of iOS devices and create apps that allow users to stream video to the TV while interacting with the iPhone or iPad. That creates more value not just for the Apple TV, but also for those devices as well.
 
Apple's CEO Tim Cook: Microsoft's Surface Is A "Fairly Compromised And Confusing Product" Top
Surface vs iPadDuring Apple's earnings call today, the company's CEO Tim Cook called Microsoft's Surface a "fairly compromised and confusing product," though he also admitted that he hasn't "played with one yet." According to Cook, "you could design a car that flies and floats, but I don't think it would do all of those things very well." According to Cook, people will conclude they will want an iPad, "and I think they will continue to do that."
 
Apple CEO Tim Cook Says China Q4 Sales Were $5.7B, Up 26% YOY, Flat On Q3; iPhone 5 Coming In December Top
apple china shanghaiIn Apple's Q4 earnings call today, Tim Cook today said that Apple had a "fantastic" quarter in Greater China, with revenues at $5.7 billion, up 26% year on year, but actually that revenue was flat on Q3. Still, the year-on-year growth is an important story for it to be telling in a quarter where the company missed expectations on earnings, iPhone sales and iPad sales.
 
Apple Now Has $121.3 Billion In Cash: More Than Amazon's Market Cap Or A Space Station Top
cashIt's easy to forget the big picture when you report on a quarterly earnings. Apple has seen a tremendous year. With $156 billion in revenue representing 45 percent growth compared to 2011, and an incredible 61 percent increase of net income compared to 2011. But even more impressive, Apple now has $121.3 billion in cash, enough to buy Amazon or a space station, and still having some left.
 
Apple Sets All-Time Record For Quarterly App Store Sales: 700K Apps, 275K For iPad, $6.5B Paid To Devs Top
app-store-iconWith all those devices Apple is selling, it makes sense that the apps that run on them are being built -- and being sold -- at higher rates than ever. Apple announced today on the company's earnings call with investors and analysts that during its fiscal fourth quarter ended September 30, Apple set an all-time record for app sales.
 
Tim Cook: Customers Choose To Buy Our Products Because We Don't Cut Corners Top
6972704606_82936f85c7_zDuring the Q4 2012 earnings call today, Tim Cook fielded a question regarding the upcoming strong financial push that Apple will be making this holiday season. As you know, Apple had a strong Q4 and has just re-launched its complete lineup of products. It's before Christmas, so someone is getting goodies in their stockings their year. Cook said that customers are delighted with Apple products because of its focus on design, and clearly stated that it doesn't "cut corners." This is probably a stab at Samsung, who has lost its court battle against Apple due to lifting some of the major components of the iPhone's success.
 
Apple Says The iPad Mini's Gross Margin Is "Significantly" Lower Than Its Other Products Top
ipadminiThe iPad mini's gross margin is "significantly below" the rest of Apple's product line at $329, Apple CFO Peter Oppenheimer said on the company's conference call today. He said that's driving lower guidance for the upcoming quarter despite a number of new products just-launched across its lineup of offerings.
 

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