Apple sold out of its iPad mini pre-order stock this morning. On Friday, the company sold out of its white iPad mini pre-order stock within minutes, but its black models held out until today. Apple is still quoting its original “Mid November” estimate for cellular-capable models in the U.S., with other countries seeing “Late November” estimates.
The iPad mini was introduced during a special media event on October 23rd and the company began accepting pre-orders on Friday, October 26th. Apple’s iPad mini will officially launch on this Friday, November 2. Apple’s retail stores will begin sales at 8:00 AM on Friday. In addition, the new fourth-generation iPad is also launching this Friday with a similar launch schedule as the iPad mini. The new fourth-generation iPad WiFi only models will be made available this Friday while cellular-capable models will follow later.
Last month, The Wall Street Journal reported that Apple may be looking to create a radio streaming service to rival current services like Pandora in an attempt to protect its position as the world’s largest music dealer. Today, Bloomberg reports that Apple is hoping to close deals for an online music service in the next few weeks, targeting a launch for the first quarter of next year.
Apple Inc. and major music labels have intensified negotiations to start an advertising-supported Internet radio service by early next year, according to people with knowledge of the talks.
Talks are centered in part around how to share ad revenue and a deal could be reached by mid-November, with Apple starting a service within the first three months of 2013, said the people, who asked not to be named because discussions are still in progress.
According to the report, executives from Vivendi, Universal, Warner, and Sony have all visited Apple’s headquarters in recent weeks to learn more about Apple’s plans. An issue in the negotiations seems to be with the advertising, with Apple seeing the service as a way to strengthen its iAd offerings music labels want a share of that ad revenue and the ability to insert their own advertising into listeners’ streams.
Pandora’s shares took a 14% nose dive today over reports that Apple may launch an internet radio service and trading was halted.
Today, during Apple’s quarterly earnings call, the company revealed that iCloud has over 190 million users. That’s up 40 million from the 150 million users the company cited during its last earnings call in July. In April, Apple revealed that a 125 million people were using iCloud.
iCloud is a free service that stores all your content and seamlessly syncs it across all your devices. It replaced the company’s predecessor paid subscription service called MobileMe with a more seamless and free service.
Apple offers users with 5GB of free storage space on iCloud. Users who want more space can pay $20 per year for 10GB of additional storage (for a total of 15GB), $40 for 20GB and $100 for 50GB.
Today, Apple announced financial results for the third calendar quarter and fourth fiscal quarter of 2012. Apple reported a revenue of $36.0 billion and net quarterly profit of $8.2 billion, or $8.67 per diluted share, compared to revenue of $28.27 billion and net quarterly profit of $6.62 billion, or $7.05 per diluted share, in the year-ago quarter. Apple also provided a guidance for this quarter of $34 billion in revenue and earnings of $7.65 per share.
The total revenue of $156.5 billion and net profit of $41.7 billion for fiscal 2012 are both company records. In fiscal 2011, Apple earned $25.9 billion on $108.2 billion in sales.
Last quarter, Apple sold 26.9 million iPhones, up 58 percent from the year-ago quarter, and the company sold 14.0 million iPads, up 26 percent year-over-year. Apple sold 4.9 million Macintosh computers, which is an increase of 1 percent over the year-ago quarter, as well as 5.3 million iPods, representing a 19 percent unit decline year-over-year.
Apple’s guidance for the first quarter of fiscal 2013 is expected to be $52 billion of revenue and earnings per diluted share to be $11.75.
Apple has posted a new television ad for the 13″ MacBook Pro with Retina Display. The ad highlights umber of different Apple apps including Mail, Final Cut Pro, Aperture, and iTunes. The new machine is aimed at “the pro in all of us.”
Introducing the new 13″ MacBook Pro.
With the stunning Retina display.
For the pro in all of us.
Apple’s really good at making some great ads. This ad is just fantastic.
Today, AT&T announced financial results for the third quarter of 2012, revealing that the carrier continues to see strong iPhone sales. AT&T revealed that the carrier activated 4.7 million iPhones during the quarter, which is an increase of one million over the previous quarter.
The 4.7 million iPhone activations represent about 77% of AT&T’s total smartphone sales of 6.1 million during the quarter. In addition, AT&T’s smartphones sales rose to 81% and the iPhone represented 62% of AT&T’s sales of all phones (smartphones and feature phones).
So much for the iPhone being “doomed.”
Yesterday, Apple surprised everyone by announcing the fourth generation iPad with a much faster A6X SoC (System-on-Chip), a new Lighting port, updated LTE baseband and upgraded FaceTime HD camera. Refreshing a product within six months of its release is not something Apple is known for, and this move has clearly disappointed many existing iPad 3 owners.
If you got an iPad recently, you will certainly be feeling the burnt more. Thankfully, certain Apple stores will be replacing the iPad 3 for the fourth-generation iPad, only if the device is less than 30 days old. CNET reports that this is not a company wide policy, and so not all Apple stores will be replacing the iPad 3 for the new iPad.
Oh! and don’t think Apple will replace your third generation iPad for the new one if you give your for servicing due to some hardware fault. Apple has a big pile of refurbished iDevices, and will promptly replace your iPad with a third-gen iPad only.
Today, during the media event Apple unveiled the iPad mini. The device features a 7.9-inch display with a resolution of 1024×768 pixels. iPad mini measures just 7.2 millimeters thin and weighs 0.68 pounds.
The iPad mini features a dual-core A5 processor, a FaceTime HD camera on the front and a 5-megapixel camera on the rear, 802.11a/b/g/n Wi-Fi connectivity, and 4G LTE cellular connectivity in some models. Even though it is smaller in size, the iPad mini offers up to 10 hours of battery life.
Since the iPad mini’s screen has the same resolution as the iPad 2, all existing iPad apps that work on the older iPad 2 will work on the iPad mini without any need for developers to make modifications to their existing apps.
iPad mini starts at $329 for the 16 GB Wi-Fi model, with the 32 GB Wi-Fi model priced at $429 and the 64 GB Wi-Fi model coming in at $529. It will cost an additional $130 for models with cellular capability. All models are available in the same black/slate and white/silver color schemes seen on the iPhone 5.
Pre-orders for the iPad mini will start on Friday, October 26, with the Wi-Fi models shipping on November 2 and the cellular models starting to ship two weeks later.
Apple has also introduced new polyurethane iPad mini Smart Covers in six different colors, priced at $39 each.
Today, Apple announced an updated version to its full-sized iPad. The new update brings in an updated processor with a faster A6X and a new Lightning connector which was introduced with the iPhone 5 last month. The new processor offers up to two times the CPU and graphics performance of the A5X, while maintaining 10 hours of battery life and the same design as the prior iPad. In addition, the new iPad now supports many new international LTE carriers.
The fourth generation iPad is offered in black and white and starts at $499 for the 16 GB Wi-Fi models and $629 for the 16 GB cellular models.
Pre-orders for the new iPad begin on Friday, October 26 through the Apple Online Store in the US, Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Korea, Luxembourg, Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, Spain, Sweden, Switzerland and the UK. The Wi-Fi configurations will begin shipping November 2, with the LTE configurations following two weeks later in the US, and then following in other countries.
Along with the new 13″ Retina MacBook Pro and refreshed Mac Mini, Apple also unveiled the next-generation iMac. The next-generation iMac is super-thin with an edge-to-edge display. The edges of the new iMac are only 5mm thin, with the chin being added using friction stir welding.
Apple has also fixed the 2mm air-gap that was found in the iMacs, which was one of the major complaints of iMac owners. The 21.5-inch iMac has a resolution of 1920×1080, while the 27-inch has a resolution of 2560×1440.
The updated 21.5-inch base iMac will come with a Core i5 quad-core 2.7GHz processor, 8GB of RAM, a Nvidia GeForce GT 640M GPU and a 1TB HDD for only $1299. The 27-inch iMac will come with a quad-core 2.9GHz Core i5 processor, 8GB of RAM, Nvidia GTX 660M and a 1TB HDD for $1799. The Fusion drive from Apple will be optional only on the 27-inch iMac.
Other upgrades to iMacs include a FaceTime HD camera, stereo speakers, lower power consumption and a more eco-friendly manufacturing process. The new iMacs will start shipping sometime in November.