Displaying items by tag: Apple
Apple has revealed its first Mac computers powered by chips of its own design. The California-based tech giant unveiled its M1 chip and the first computers that will run on it: a new MacBook Air, 13-inch MacBook Pro, and Mac Mini.
However, the launch failed to excite investors. Apple’s value varied during the performance, with shares dropping and the big reveal failing to stall the decline. It would seem investors were unsurprised by the new product line, but this may change as we edge closer to Christmas and as global lockdowns are eased. Perhaps this can reverse Apple’s recent revenue stagnation.
In June, the company announced it would transition away from the Intel processors it had used since 2006. Putting a processor based on the ARM architecture in its desktop and laptop computers marks a big move for Apple away from Intel-designed chips and towards its own silicon, which has been used in the iPad, iPhone and Apple Watch for a number of years.
Apple said the advantages of using the M1 chip included better battery life, instant wake from sleep mode, and the ability to run iOS apps. It added it had optimized all of its own Mac apps, but now needs to convince other developers to do likewise.
This will be the first time in the 36-year history of the Mac that Apple-designed processors will power these machines. It has changed chips only two other times. In the early 1990s, Apple switched from Motorola processors to PowerPC. At WWDC in 2005, Steve Jobs announced a move from PowerPC to Intel, and Apple rolled out those first Intel-based Macs in January 2006.
According to Bloomberg, Apple’s chip-development group decided to make the switch after Intel’s annual chip performance gains slowed and engineers worried that sticking to Intel’s road map would delay or derail some future Macs.
The US Justice Department has filed (yet another) antitrust lawsuit against Internet behemoth Google and it could have major repercussions for Apple. It is estimated that Google pays Apple between $8 billion to $12 billion a year to be the default search engine on Apple’s devices and soon it may all come to a head.
The scrutiny of the deal, which was first agreed 15 years ago and has rarely been discussed by either company, has highlighted the special relationship between Silicon Valley’s two most valuable companies —‘an unlikely union of rivals’ that regulators say is unfairly protecting its monopoly and preventing smaller companies from flourishing.
The Justice Department, which is asking for a court injunction preventing Google from entering into deals like the one it made with Apple, argues that the arrangement has unfairly helped make Google, which handles 92 percent of the world’s internet searches, the center of consumers’ online lives.
The lawsuit describes that the relationship's evolution from Google being the default search engine on Apple's Safari browser in 2005 in exchange for ad revenue to a broader agreement that included iPhones and later Apple's assistant Siri. "Today, Google's distribution agreement with Apple gives Google the coveted, preset default position on all significant search access points for Apple computers and mobile devices," the Justice Department stated.
While the deal is nice for Google - which sees about 50% of its searches originate from Apple devices, it is much more lucrative for Apple considering that the payments are purely profit. This is believed to be the single biggest payment Google makes to anyone, and it is estimated to account for 15 to 20 percent of Apple's annual profits.
"There is a risk, if you play it out, that there actually could be more financial impact to Apple than there is for Google," Toni Sacconaghi, an analyst for Bernstein, told The Wall Street Journal in an article, estimating that Apple stock could decline as much as 20% if the agreement with Google is dissolved.
If we estimate that payments from Google stood at about $10 billion in the fiscal year ‘19 and Apple had to forgo the entire amount, services revenues would be lower by about 22% with total revenues lower by about 4%. The impact on Apple’s profits would be much more evident as it likely incurs no costs to earn these revenues.
However, the Financial Times reported that Apple is stepping up efforts to develop an alternative to Google search. In a small change to the newest model of the iPhone working system, iOS 14, Apple has started to point out its personal search outcomes and hyperlink on to web sites when customers sort queries from its house display.
That internet search functionality marks a necessary advance in Apple’s in-house improvement and provides an alternate if regulators block its profitable partnership with Google. Nearly half of Google’s search traffic now comes from Apple devices, according to the Justice Department, so the prospect of losing the Apple deal has been described as a “code red” scenario inside the company.
The landmark lawsuit, which follows a 16-month investigation by the House of Representatives' judiciary committee, is a part of a broader regulatory push against big tech. However, it remains unclear which of the Silicon Valley companies will prove more vulnerable to mounting regulatory pressure.
Apple introduced its latest iPhone lineup, with 5G as the exciting new feature of the iPhone 12 family.
The Californian tech giant launched four new iPhone models with varying price points and display sizes at the event, including an iPhone 12, iPhone 12 mini, iPhone 12 Pro, and iPhone 12 Pro Max. Although most of the features were expected prior to the event, the consensus among analysts is that the 5G compatibility will be one of the key drivers of iPhone growth over the next few years.
“This is a huge leap for iPhone, bringing the best 5G experience in the market and delivering our most advanced technologies to users who want the absolute most from their iPhone,” said Greg Joswiak, Apple’s Marketing SVP. “Each generation of iPhone has changed what we expect from a smartphone, and now with 5G, iPhone 12 Pro provides a new generation of performance.”
Krish Sankar, lead analyst at investment bank Cowen, didn't see any major surprises from the iPhone 12 event, but noted that the addition of 5G across the lineup could "enable a longer strong cycle."
Sankar forecasts that iPhone unit shipments could grow 12% year-over-year to 208 million units in 2021, and an additional 3% to 214 million units the following year. He also notes that overall pricing rose moderately on a blended basis compared to the iPhone 11 lineup.
Some analysts believe Apple is taking a serious bet on 5G adoption and expansion, and may be introducing a device that the market is not ready for.
Tim Long, senior research analyst at Barclays, raised a number of questions around Apple’s new 5G technology.
“We’ve been a little bit more skeptical on the iPhone side for the last few years here. It’s been a time since they’ve had a real hit. Remember that the 10 was supposed to be a supercycle as well. We didn’t really see it so we’ve seen a lot of changes as far as customers’ willingness to pay really since that iPhone 10 so there’s been a lot more mixing down and of course now really the new feature here is 5G. … When we have a new technology, we struggle with – is it worth the cost? Are there applications? What’s it going to do with my battery? What will the coverage look like?”
Nilay Patel, editor in chief of The Verge, is also skeptical about the uses of 5G.
“In the middle of Apple’s pitch for 5G, they announced a feature called Smart Data Mode … the thing that Smart Data Mode does for you is it turns 5G off to save battery life. So not only is the network not ready, the hardware, because the networks are new and the modems are new, is going to drain your battery life if you overuse 5G. So the phone itself unless you’re doing something that demands a lot of speed is going to turn 5G off almost most of the time. I did not see a single compelling use case for 5G in that entire presentation, other than the speed test app.”
Although still limited in scope, 5G networks are here. The only issue, apart from living in a compatible location and being on a compatible network, is that you also need a 5G-enabled phone too.
Most phone makers have now released 5G devices but we're still awaiting the first 5G-enabled iPhone. Apple is expected to unveil a keenly anticipated iPhone 12 line-up starring models tuned to super-fast new 5G telecom networks.
The smartphone giant scheduled an online event for October 13 and analysts expect a selection of iPhone 12 models in multiple sizes to be introduced, with some shipping earlier than others due to the toll the pandemic has taken on the company's supply chain.
"We believe iPhone 12 represents the most significant product cycle for Cook & Co. since iPhone 6 in 2014 and will be another defining chapter in the Apple growth story," Wedbush analyst Dan Ives said in a note to investors, referring to chief executive Tim Cook.
According to Bloomberg, 5G technologies in the US are “still not ready for the masses” and many consumers buying the latest iPhones could find the 5G feature underwhelming as a result. “The country’s three largest wireless carriers, Verizon, AT&T, and T-Mobile have yet to roll out 5G in a way that provides consistently higher data speeds or widespread coverage,” it reports.
However, analysts believe that it was high time for Apple to hit the market with an iPhone tailored to the super-fast 5G telecom networks taking root around the world. "Apple absolutely needs 5G right now," said Techsponential analyst Avi Greengart, "not for the US, but for China, where 5G is driving purchase decisions."
“Apple got away with not releasing a 5G device last year because the 5G use-cases and network coverage simply wasn't there," said Futuresource Consulting research analyst Stephen Mears.
"Apple won't want to be perceived as being two generations behind on 5G handsets."
The launch of 5G iPhones is likely to be used as the staging post for a fresh wave of expansions and announcements from network operators. After Apple rolled out its first 4G LTE iPhone in 2012, major US carriers built out their networks.
Apple has announced the delay of the implementation of its new anti-tracking feature, designed to ensure that apps and websites don’t track users without their consent.
This will mean that apps will need to ask users for their permission to access the ad-tracking ID on iPads and iPhones. However, this has been delayed as it was meant to be part of Apple’s latest iOS 14 update which was set to be released in autumn 2020.
Apple has disclosed that these changes have been postponed to the beginning of 2021 in order to give websites and app developers the chance to modify their services to fit this.
However, Facebook warned that the tech giant’s new privacy measure would make one of its advertising tools “ineffective” on iOS 14 and that “it may not make sense to offer it on iOS 14”. Apple has essentially forced Facebook to no longer collect ad-tracking IDs of its users on iOS 14.
The anti-tracking feature, which uses a truly unique code for every operating iPhone, makes it compulsory for users to grant permission to apps and websites to be able to access information on their data which is basically used to figure out their online behavior.
This comes at a terrible time for app developers who are already dealing with a COVID-induced recession. The revenue of free apps will be affected immensely as the opportunities for the tracking, collection and sharing of data will be limited to such a huge extent because users will most likely prefer to maintain their privacy.
Apple has announced plans to create its own processors for Mac computers, marking a giant shift in the company's strategy.
The company made many announcements at its annual developer conference, which it held virtually for the first time because of the coronavirus pandemic.
The latest update for the iPhone, iOS 14, was also launched which includes a new home-screen layout and a new feature that lets you use functions from an app without launching the full version.
Apple said it would build its own chips to power its Mac computers to create a "common architecture" that integrates them into the same ecosystem as the iPhone and iPad.
The new "Apple silicon" initiative ends a longstanding partnership with chipmaker Intel and enables the computers to run the same apps as those on iPhones.
Apple chief executive Tim Cook said the move represents "a huge leap forward for the Mac," which would get a more powerful and energy-efficient system that operates more like Apple's mobile devices.
Cook said the first of the new Mac computers will be shipping by the end of the year.
Apple also offered a first look at its iOS 14 for the iPhone which gives a new look to its home screen and allows users to more easily manage their apps.
The new operating system will organize apps into a cleaner "app library" with the most frequently used ones prominently featured.
The update "transforms the most iconic elements of the iPhone experience, starting with the biggest update we've ever made to the home screen," said Craig Federighi, Apple's senior vice president of software engineering.
Apple said the software would include a "digital car key" allowing the iPhone or Apple Watch to unlock and start a car. The virtual key for compatible car models can be shared using messages, or disabled if a device is lost.
Apple said iOS 14 would also include a translate feature for 11 languages powered by its Siri digital assistant and allow for "app clips" or fragments of apps that can be quickly downloaded and used for transactions at partner merchants and services.
A revamped Apple Maps app will for the first time include directions for bicycles, a feature which has been available for years on Google Maps.
Updated software for the Apple Watch, known as watchOS7, will include a series of health and fitness features including improved sleep tracking and automatic handwashing detection to help users clean their hands for the 20 seconds recommended by health officials to help prevent virus spreading.
A Los Angeles jury ordered Apple and Broadcom to pay $1.1 billion to a university in California for infringing on four Wi-Fi technology patents. Apple was ordered to pay $837 million and Broadcom must pay $270 million to the California Institute of Technology, in what is thought to be one of the largest patent verdicts ever.
Caltech University had sued both tech giants in 2016, alleging that Apple products including iPhones, iPads and Apple Watches used Broadcom components that infringed on Caltech patents related to wireless data transmissions. Both Apple and Broadcom indicated they planned to appeal the verdict.
“As a nonprofit institution of higher education, Caltech is committed to protecting its intellectual property in furtherance of its mission to expand human knowledge and benefit society through research integrated with education”, the university said.
In court documents, Apple and Broadcom had said that Caltech's claims “are based solely on the incorporation of allegedly infringing Broadcom chips in Apple's iPhone, Mac, and other devices.”
“Broadcom manufactures the accused chips, while Apple is merely an indirect downstream party whose products incorporate the accused chips,” according to court filings. “Accordingly, the claims that Caltech has against Apple depend on establishing that the accused Broadcom chips infringe the patents and that the patents-in-suit are not invalid.”
Broadcom was the main target of the lawsuit but Apple was also named as it is one of Broadcom's biggest customers.
Apple has delivered record results for the final three months of last year, delivering gains in sales of iPhones even as the company transitions to digital services and wearables.
Net profit hit an all-time high of $22 billion on record quarterly revenue of $91.8 billion, the California tech giant said of the results which were far stronger than most analyst estimates.
Previously, Apple told investors that it expected revenue of “between $85.5 billion and $89.5 billion” in the quarter, along with “gross margin between 37.5 percent and 38.5 percent.”
"We are thrilled to report Apple's highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for services and wearables," said Apple chief executive Tim Cook.
The results come with Apple seeking to shift its revenue mix amid a slumping smartphone market and growing competition in the segment, and relying more on services such as music, streaming television and other digital content.
Shares in Apple jumped two percent in after-market trades that followed release of the fiscal first-quarter earnings, extending a remarkable streak for the company. Shares have doubled from a year ago – lifting its valuation to more than $1.3 trillion.
The company has expanded its services with a streaming television offering, digital payments and wearable tech such as its AirPods and updated Apple Watch.
Analyst Yoram Wurmser of the research firm eMarketer welcomed "a strong quarter for Apple, primarily driven by strong sales of the iPhone 11 lineup."
Apple bought back $20 billion in shares during the quarter and paid some $3.5 billion in dividends as part of a stated mission to be "net cash neutral" some time in the future, Maestri said.
Apple has stopped reporting unit sales for the iPhone, which has been the main cash-generator for the company in recent years, but sales revenue for its smartphone sales was up nearly eight percent in the quarter at $55.9 billion.
Services revenue rose 17 percent from a year ago to $12.7 billion, driven by the launch of its Apple TV+ service and its new credit card.
The Apple TV+ on-demand streaming service launched in more than 100 countries at $4.99 per month, at a price lower than those offered by rivals such as Netflix.
For the category of wearables and home accessories -- including its HomePod speaker, Apple Watch and other gadgets -- revenue increased some 37 percent to $10 billion.
Apple forecast revenue between $63.0 billion and $67.0 billion in the current quarter.
Research from Canalys has indicated signs of a growth in mobile device sales in the third quarter of the year. This increase is seen after two years of a decline in shipments. Global smartphone shipments have increased by 1% in Q3 2019.
Samsung shipped the greatest number of smartphones, at 78.9 million devices, a rise of 11 per cent, compared to the corresponding period the year prior.
Huawei recovered from a weak second quarter and was second with 66.8 million units, up 29%, to gain 19% of the market. In its home market alone, Huawei shipped 41.5 million smartphones to reach a record market share of 42%, an annual growth of 66%.
While most of its growth was attributed to its performance in China, it also saw growth in overseas markets with volumes increasing 3.8 million over the quarter to 25.3 million due to a rise in demand during the pause in procurement in Q2.
By contrast, and mainly by weak performance of the iPhone XR, XS and XS Max in the lead up to its September launch event, Apple shipped 43.5 million units, an annual decline of 7%, leading to 12.3% of the market. This is an improvement on Q1 and Q2, which saw double digit declines.
Vincent Thielke, Canalys research analyst said that while the iPhone 11 launched to strong reviews, the lack of 5G in any of Apple’s products will hurt it in early 2020.
“It will miss out on heavy operator investment in 5G marketing and promotions, and the wide expectation for Apple to launch a 5G iPhone in September 2020 may convince some customers to delay purchasing, to ensure their device is future-proof,” Thielke said.
du, from Emirates Integrated Telecommunications Company (EITC), today announced it is offering the latest products from Apple, including iPhone 11 Pro and iPhone 11 Pro Max, a new pro line for iPhone, as well as the new dual camera iPhone 11. Customers can order iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max from du’s retail outlets or online
Fahad Al Hassawi, Deputy CEO – Telco Services at EITC, said: “At du, we are always on the lookout for innovative technology offerings to boost our customers’ lifestyles as well as the business continuity of the UAE’s enterprise segments. With the arrival of the powerful and advanced iPhone 11 range, we are proud to be delivering customers an innovative selection of device capabilities to empower and enrich their intrinsic lifestyle needs and business requirements.”
du’s individual customers can purchase their new iPhone 11 or iPhone 11 Pro and benefit from an exciting range of offers. For Postpaid plans, customers can enjoy zero upfront payments and du’s double data plan when buying the latest iPhone. Postpaid customers can also get a Device Installment Plan at zero upfront with any of du’s existing postpaid plans, which start from AED 120 per month. Meanwhile, Prepaid Plans are available in-store offering free eSIM capabilities and 11GB of data free over 11 Months upon purchasing the device.
du also has a comprehensive business-centric plan tailored to suit corporate customers’ needs. Enterprise customers can also purchase the latest iPhone with zero upfront fees and flexible installments under the Device Installment plan, starting from as low as AED 120 per month. In addition to these great offers, the business customer plan will include AppleCare+, the Enterprise Mobility Management (EMM) solution, Roaming Voice and Data offers, and Apple Business Manager, which helps businesses easily deploy and configure Apple devices. In addition, employee paid lines will have a separate value-inclined offering for the iPhone 11, with additional data benefits on Business mobile plans at an additional cost.
iPhone 11 Pro and iPhone 11 Pro Max feature a new triple-camera system that provides a pro- level camera experience with an Ultra Wide, Wide and Telephoto camera, delivering huge improvements to low-light photography with Night mode and the highest quality video in a smartphone. The powerful Apple-designed A13 Bionic chip provides unparalleled performance or every task while enabling an unprecedented leap in battery life, with iPhone 11 Pro offering up to four more hours of battery life in a day than iPhone Xs, and iPhone 11 Pro Max offering up to five hours more than iPhone Xs Max. The new Super Retina XDR in the 5.8-inch iPhone 11 Pro and 6.5-inch iPhone 11 Pro Max is the brightest and most advanced display ever in an iPhone. iPhone 11 Pro and iPhone 11 Pro Max come in four gorgeous finishes including a beautiful new midnight green.
iPhone 11 is packed with new powerful and innovative capabilities seamlessly integrated with iOS 13, bringing an unparalleled user experience. iPhone 11 introduces a powerful dual-camera system with all-new Ultra Wide and Wide angle cameras, producing the highest quality video in a smartphone, offering major improvements in low-light photography with Night mode, and Portrait mode of people, pets, things and more. iPhone 11 is powered by the A13 Bionic chip to perform the most demanding tasks, while getting through an entire day on a single charge, and is designed to withstand the elements with improved water resistance and the toughest glass ever in a smartphone. iPhone 11 comes in six new gorgeous colors including purple, green, yellow, black, white and PRODUCT(RED).