Earlier today, Apple announced that it will offer a $45 billion dividend and share repurchase program. In addition, during the call, one analyst asked if Apple would be issuing a press release about last weekend’s launch sales numbers for the iPad. The company said they had a “record weekend” and were “thrilled with it.”
Later this afternoon, Apple announced that it has sold 3 million new iPads in less the four days of availability, calling it the “strongest iPad launch yet.” 3 million sold of something that nobody wanted and is just an “incremental upgrade”. Pretty amazing if you ask me.
CUPERTINO, California―March 19, 2012―Apple® today announced it has sold three million of its incredible new iPad®, since its launch on Friday, March 16. The new iPad features a stunning new Retina™ display, Apple’s new A5X chip with quad-core graphics, a 5 megapixel iSight® camera with advanced optics for capturing amazing photos and 1080p HD video, and still delivers the same all-day 10 hour battery life* while remaining amazingly thin and light. iPad Wi-Fi + 4G supports ultrafast 4G LTE networks in the US and Canada, and fast networks around the world including those based on HSPA+ and DC-HSDPA.**
“The new iPad is a blockbuster with three million sold―the strongest iPad launch yet,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “Customers are loving the incredible new features of iPad, including the stunning Retina display, and we can’t wait to get it into the hands of even more customers around the world this Friday.”
To put this in perspective:
- It took Apple 28 days to sell 1 million iPads after the device was made available in April 2010.
- 2 million iPads sold in less than 60 days.
- 3 million iPads were sold in 80 days!
In addition, the new iPad has sold 3 million units in 4 days, while the iPhone 4S sold 4 million units in 3 days last October (the iPhone 4S went on sale in 7 countries on October 14, 2011). The launch of the new iPad was very successful for Apple indeed.
When Apple announced its quarterly earnings earlier this year, it was discovered that the company’s pile of cash was nearing the $100 billion mark. Since then, everyone has been curious what they they will be doing with it.
Now, the wait is over! Today, Apple has announced that it will host a conference call on Monday at 9 a.m. Eastern, 6 a.m. Pacific to discuss what it plans to do with its $100 billion cash balance. Tomorrow’s call will be hosted by Apple CEO Tim Cook and CFO Peter Oppenheimer. Apple will be live streaming the call tomorrow.
WEBCAST: Apple will provide live audio streaming of its conference call using Apple’s industry-leading QuickTime® multimedia software. The live webcast will begin at 6:00 a.m. PDT on March 19, 2012 at www.apple.com/quicktime/qtv/call31912 and will also be available for replay for approximately two weeks thereafter. The webcast is available on any iPhone®, iPad®, iPod touch® or any Mac® or PC running QuickTime 6 or later. If you do not have QuickTime installed on your Windows PC, it is available at www.apple.com/quicktime.
The company has also said in its press release that Apple would not provide an update on its current quarter, nor would it discuss any topics other than cash.
Today, Apple held the launch for the new iPad and along with the launch, a few interesting tidbits were revealed that weren’t mention during the media event. One of the major selling points of the new Verizon iPad Wi-Fi + 4G LTE is its ability to connect with GSM networks for international roaming purposes.
However, what wasn’t made clear was whether users could insert an AT&T micro-SIM card into a Verizon iPad and use that to connect to the data network. Since the Verizon iPad supports the same GSM frequency bands for non-LTE networks as the version sold for AT&T, it was technically possible to use a Verizon iPad on AT&T although Apple could have restricted the device’s operation on other networks.
MacRumors points out that the new Verizon iPad does work with AT&T’s network when an AT&T micro-SIM is used and the device’s carrier settings are updated to support connecting to AT&T. The article also points out that the Verizon iPad will be limited to non-LTE bands (EDGE, 3G, HSPA+ 4G) on AT&T.
The Verizon iPad’s hardware supports the 700 MHz band for LTE to work with the carrier’s technology, while the GSM version sold for use on AT&T’s network supports both the 700 MHz and 2100 MHz bands as used by that carrier.
Tomorrow, Apple will have its launch for the latest version of the iPad. In preparation for the upcoming launch, Apple has published a new list of 24 apps that best utilize the new iPad’s high resolution Retina display.
Since the time the new iPad was announced, developers have been working hard to get the proper artwork ready and submitting updates that can take advantage of the high resolution screen found on Apple’s third-generation iPad.
Apple has introduced this new section just hours before its launch, and the company has put together 24 of the best and most popular apps that support the Retina display. The selected apps can be browsed and purchased via iTunes, or if the users has already purchased the app, they can directly download the app from iTunes or the iPad’s App Store app.
The apps that stand out the most are Tweetbot, which fully supports the Retina display and a new streaming option for your twitter timeline, and two of the apps demoed at Apple’s iPad media event – SketchBook Pro – the Autodesk drawing app and Namco’s new game, Sky Gambler’s: Air Supremacy.
Just yesterday, we reported that Apple’s share price was closing in on Google. In fact, the share price closed at an all time high price of $589.58 and in after hours, it closed at $591.50. Today, the company’s share price touched the $600 mark this morning, just a month after reaching $500/share for the first time.
However, the stock closed at $585.56. Ever since the company reported a blowout earnings for the first fiscal quarter of 2012, the share price has risen nearly $180/share, or nearly 40%, in under two months.
Apple is the most valuable publicly traded company in the world, worth nearly $560 billion, and is on its way to become the first trillion dollar company, more than $150 billion higher than second-place ExxonMobile. Fact — During the dot-com boom in December of 1999, Microsoft’s peak market cap was $684 billion. At this rate, it seems to me that Apple’s on its way to pass that.
You know that phone that nobody wanted? Apple’s iPhone 4S? Yeah, that one. Well, it sure seems to be doing pretty well. Today, The Mainichi Daily News reveals that for the first time, Apple has become the top seller in Japan for the first time. Anyone else recollect the time when Japan used to come up with cool phones? Oh, how times have changed.
According to the report by research firm, IDC Japan, Apple has captured the largest share of mobile shipment in Japan for the first time in the October-December quarter, which accounts for 26.6 percent, due to the popularity of the iPhone 4S smartphone model.
Fujitsu Ltd., which took over the mobile phone operations of Toshiba Corp., took second place with an 18.3 percent share, and Sharp Corp ranked third with 15.7 percent.
In 2011, shipments increased for the second straight year, rising 5 percent to 37.96 million units. Sharp topped the shipment rankings for the year with a 20.1 percent share, maintaining the top slot for the sixth consecutive year. Fujitsu-Toshiba followed at 18.8 percent and Apple at 14.2 percent.
A little over a month ago, we pointed out that Apple’s share price has soared past $500, and it was continuing to reach new all time highs. Ever since the company reported blowout earnings for the first fiscal quarter of 2012, it has been rising and will continue to. Now last month, I pointed out that while Apple’s share price continued to grow, Google’s continued to stay steady or fall.
Turns out, in a matter of no time, AAPL is closing in on GOOG. Today, Apple’s share price has closed at an all time high price of $589.58 and in after hours, the share price closed at $591.50, which makes it less than $30 from overtaking GOOG. In fact, Apple is up 45.6 percent for the year. Just take a look at the graph below. It is mind blowing! In addition, Morgan Stanley has bumped up its target price for the stock to $720, with a 12-month bull case estimate of $960.
Remember when Exxon Mobile was the most valuable company in the world? Well, now Apple is and their market cap is at $549.71 billion, which makes it worth more than the entire US retail sector’s market cap! Apple may become the first trillion dollar company in our lifetime. Doomed indeed.
Today, Apple has officially announced that the new iPad will launch at 8:00 AM local time on Friday in the United States and nine other countries. Earlier this week, signs of an 8:00 AM launch started to show up, with the grand opening time of Apple’s new Highland Village retail store in Houston, and that time was confirmed yesterday with a leaked photo of Apple retail store signage announcing the launch time.
Apple says that customers purchasing the new iPad will receive free Personal Setup to get their new device up and running, while promoting Personal Pickup options available through the Apple Store app for iOS devices. The company’s latest iPad will be made available in the U.S. and nine other countries this Friday. It will be made available at Apple’s retail stores and the company’s online store this Friday at 8 a.m. in the U.S., Australia, Canada, France, Germany, Hong Kong, Japan, Singapore, Switzerland and the U.K. The new iPad will also become available in Puerto Rico and the U.S. Virgin Islands.
The company has also confirmed that the new iPad will be available from Best Buy, RadioShack, Sam’s Club, Target and Walmart in the United States. Carriers AT&T and Verizon has also announced that they will be offering 4G models of the new iPad beginning with Friday’s launch date.
Last year, we reported that Apple had acquired Anobit, an Israel-based flash memory company for anywhere between $400 million and $500 million. Today, we have discovered an article from a Hebrew-language newspaper, Calcalist [Google Translation], revealing more info regarding Apple’s recent acquisition.
Turns out, after a round of layoffs which took place earlier this year, Apple’s recent acquisition, Anobit, has started to recruit workers. Anobit dismissed dozens of employees in sales, marketing, and sales administration right after the acquisition and closed its enterprise server activity. Now, Anobit is focused on the development of storage-efficiency chips for Apple’s products.
Apple recently sent out the first hiring ads for its northern development center, which is expected to grow in Haifa. Apple wants to hire a director for recruitment of engineers and managers for the Haifa development center. The company now has two R&D centers in Israel. The center in Herzliya develops memory devices, and the Technion is expected to engage in developing the chip components A5 and A6, the processors used in Apple’s mobile products, including the iPhone and the iPad.
The report also reveals that the company’s name was changed to HDC (R&D center in Herzliya). Also, Ariel Maislos, former President of Anobit, has become a senior executive at the development center.
It has been less than a week since Apple announced the new iPad, and is already seeing tremendous demand. Just yesterday, we reported that the demand for the new iPad is “off the charts”. Now it is predicted that Friday’s iPad launch will be another huge hit for Apple, with one analysis predicting that the company will sell at least one million on the first day alone.
Analyst Gene Munster with Piper Jaffray said in a note to investors on Monday that he expects Apple will sell more than a million iPads on Friday when the new model hits shelves. Remember, one million in addition to the pre-orders Apple has received already. When was the last time such a number was predicted for any other tablet on the market? Specifically Android tablets. This would be a significant positive for the company, which may have seen iPad sales slow down after the holidays in anticipation of a new model.
Back in 2010, Apple sold more than 300,000 iPads on the first-generation product’s launch day. However, since the supply for the iPad 2 was tight, Apple did not reveal launch-day figure. Anyhow, that’s impressive for just a “bigger iPhone”, you know. So much for the people that said this device wouldn’t sell!