Following earnings decline, AAPL opens down 8%, market cap shrinks by $40 billion
Following Apple’s earnings results last night, where it posted its first YOY quarterly revenue decline since 2003, AAPL has opened down more than 8% — the stock price is far below the $100 mark as morning trading begins. Apple reported revenue of $50 billion (compared against $58 billion in the year-ago quarter), on sales of 51.1 million iPhones, 10.2 million iPads and 4 million Macs.
The stock price fall means over 40 billion dollars of market cap value has been erased overnight. Market capitalization is the approximate value of the company, a multiple of the stock price and number of shares. The stock closed yesterday at $104.
Filed under: AAPL Company, iOS, iOS Devices, Tech Industry Tagged: AAPL, Apple, iOS
How-To: Quickly resize images on OS X using a Service with Automator
Every day I use a handy service created with Automator to resize images exported from 4K footage to a smaller size. It’s easy to resize images in an app like Preview or Pixelmator, but using a service works better for me since it can batch resize multiple images in seconds, and it’s directly accessible from the Finder. Here’s how you can create your own handy image resizing service using Automator. more…
Filed under:
How-To, Mac Tagged: Automator, Finder, how to, images, Mac, Mac OS X, OS X, Tips and Tricks, video
CloudMagic’s Sender Profile helps you discover more about your contacts
Email apps are a dime a dozen at this point, and each one is continuously attempting to compete with others in any way they can. Today, CloudMagic takes their app one step further in a small, but significant way. With Sender Profile, CloudMagic will now be able to quickly show you more information on the contact emailing you using various social media sources.
Intel wants to eliminate 3.5 mm headphone jack like rumored iPhone 7, suggests USB-C as replacement
Apple is widely rumored to be dropping the 3.5 mm headphone jack from the iPhone 7, instead favouring wireless Bluetooth or the Lightning port for connecting headphones. Intel is also keen to eliminate the 100 year old 3.5 mm jack, citing ‘industry singling a strong desire to move from analog to digital’ (via AnandTech).
However, Intel is pushing USB-C as the future of headphone audio cables. Intel believes USB-C will win out over 3.5mm as it has many modern-day benefits including the potential to add additional smart features to headphones in the future, that can pass data down the same USB-C cable.
Filed under: AAPL Company, iOS, iOS Devices, Tech Industry Tagged: 3.5mm, headphones, iPhone 7, jack, USB-C
Add 30 artsy filters to OS X Photos with this free Macphun extension
Photos on OS X includes eight photo filters as standard to jazz up images with some creative and nostalgic effects. Macphun is today releasing a free Photos Extension app that adds an additional 30 photo filters. It’s a really simple app that can be launched standalone or as an extension natively integrated in the Photos app Edit panels.
Filed under: AAPL Company, Apps, iOS, iOS Devices, Tech Industry Tagged: app, filters, photos
FBI tips Apple about security flaw in iOS and Mac software … but it had already been fixed with iOS 9
The FBI has decided it will not divulge the details of how it successfully hacked into the San Bernardino iPhone to Apple, having found a method at the last-minute just hours before going to court in late March. However, in an attempt to appear helpful and cooperative, the FBI gave Apple its first security tipoff under the Vulnerability Equities Process this month.
Reuters reports the FBI informed Apple of a security flaw affecting iOS and Mac software on April 14th, as part of a process that balances the needs of law enforcement to hack devices and the needs of manufacturers to patch found flaws before criminals can use them …
Filed under: AAPL Company, iOS, iOS Devices Tagged: Apple, disclosure, FBI, iOS 8, iOS 9, Security, security flaw, tip off
Nintendo teases more iPhone games coming later this year, including Animal Crossing and Fire Emblem
Having already released its first iPhone game Miitomo, a bespoke social networking game, Nintendo is now teasing the next round of games headed to the iPhone and iOS devices. Notably, unlike Miitomo, these are going to be versions of existing successful Nintendo franchises: Animal Crossing and Fire Emblem.
Although Animal Crossing is not quite on the same podium as Super Mario, it is still major first-party intellectual property for Nintendo to release on non-Nintendo consoles for the first time. The new smartphone and tablet titles are expected to be released later this year, around October.
Filed under: AAPL Company, Apps, iOS, iOS Devices, Tech Industry Tagged: animal crossing, Apple, fire emblem, Games, iOS, iPhone games, Miitomo, mobile games, Nintendo
Instagram is quietly testing a major visual overhaul of its iOS app
Instagram, following the controversial announcement that it would change the order in which images appear in user feeds, now appears to be testing a complete redesign of its app. Instagram has long stuck to the same skeuomorphic design, but if this redesign rolls out to everyone, the app could finally move forward and fall into line with the design trends being adopted by many other apps.
Apple’s Q2 numbers: iOS sales, 13m Apple Music subs, record Android switchers, Apple Pay growth, more
With drops in revenue and iOS device sales in what CEO Tim Cook called a “challenging quarter,” highlights from Apple’s Q2 2016 earnings today include an increase in Apple Music subscribers, more cash for Apple’s capital return and share repurchasing programs, and a “huge number of Android switchers and new to Mac customers.” Cook said the company had record switchers from Android and others platforms in the quarter and also noted an increase of 56% for iPhone sales in India despite an overall decline for iOS device sales.
Cook said the company hit record App Store revenue up 35% and updated us on Apple Pay noting the payments service has grown around 5X compared to a year ago and is adding approximately 1 million new users a week.
After reporting its Q2 2016 earnings earlier today, the company is now hosting its conference call where we’ll likely get some more insight and comments on the numbers from Apple execs. Head below for a roundup of all the numbers Apple announced today, and check back for more as we listen in on Apple’s call.
Filed under: iOS Devices
Apple Music now has 13 million paying subscribers, up from 11 million in February
Alongside its announcement of Apple’s quarterly earnings, its first revenue decline since 2003, Apple has also announced latest numbers for Apple Music, its $9.99 per month streaming music service. The company says it now has 13 million paying subscribers, up from 11 million in February.
This compares to about 30 million subscribers to leading competitor Spotify, although the service obviously had a multi-year headstart over Apple’s streaming service, which launched last June.
Filed under: AAPL Company, Apple Music, iOS, iOS Devices, Tech Industry Tagged: 13 million, Apple Music, subscribers