Sunday, December 16, 2012

iBand Plays the Sounds of Christmas *Happy Holidays!*


 iPhone And iPad Christmas Concert with The North Point iBand

iBand Plays the Sounds of Christmas: Uses iPads and iPhones as Musical Instruments

The iBand at North Point Community Church in Alpharetta, Georgia plays a Christmas Concert using only iPads and iPhones. Enough said, just listen!

* Merry Christmas! *

North Point Ministries Christmas music using borrowed iPhones and iPads at North Point Community Church.

The North Point iBand

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Wednesday, December 12, 2012

Christmas Time Again by Applegirl *Happy Holidays!*


Kim Yeo Hee of South Korea became famous as Applegirl002 on YouTube, for using iPhones as musical instruments. She has since released her own music and videos. Below is her cover of Ashanti's "Christmas Time Again". Happy Holidays!


Monday, October 29, 2012

Apple Earnings Review: Margins Down, Uncertainty Up

Apple reported QE September 2012 financial results on October 25

Top Line Expectations Apple management forecast $34.00 billion in total revenues, the analysts expected $35.80 billion, and the result was $35.97 billion. A small beat. That's a +2.69% QoQ increase and a +27.22% YoY increase. What about next quarter QE December 2012? Apple's outlook is $52.00 billion, a +44.58% increase QoQ and +12.23% YoY. Apple traditionally sets the bar low on outlook, so a beat of $1.00+ billion on their own outlook is probable . The Holiday Quarter, the QE December 2012, is the Big Quarter for Apple on an annual cyclical basis. The prior year QE December 2011 total revenues were $46.33 billion, an Apple and technology sector all-time record high.

Bottom Line Expectations Apple management forecast $7.65 earnings per share, the analysts expected $8.75, and the result was $8.67. A small miss. That's a -6.97% QoQ decrease and a +22.98% YoY increase. What about next quarter QE December 2012? Apple's outlook is $11.75, a +35.52% increase QoQ but a -15.28% decrease YoY. A decrease next quarter for EPS YoY would be the first such occurrence in years. Apple traditionally sets the bar low on outlook, so a big beat of their own outlook is necessary to maintain the long-term uptrend. The prior year QE December 2011 EPS was $13.87, an Apple all-time record high.

Annual Trends The annual trends for total revenues and earnings per share are below. Is the top in and growth slowing for Apple on a year over year basis? Most likely. Next quarter, the QE December 2012 Holiday Quarter will begin to tell the tale as the annual cyclical peak is reached.

Margins The concern and uncertainty are decreasing margins. Gross margin (40.04%) is solid, but a 7-quarter low. Operating margin (30.43%) correspondingly decreased to a 7-quarter low. Hence net margin (22.86%) also slumped, to a 6-quarter low. The margins have been remarkable, but peaked at the QE March 2012. The 15-quarter averages are 41.20%, 30.74%, and 23.01%, respectively. So current margins are near historical averages.

Quarterly Regional Sales Trends Apple's primary driver of revenues continues to be the Americas, specifically the USA. Asia-Pacific sales, notably China, have slumped for 2 quarters and are now below Europe, which is surprising. This is even as Europe sales performance is lackluster. Earlier this year, most were convinced when Asia-Pacific sales surpassed Europe it was forever. Both Retail and Japan sales posted moderate gains.

Quarterly Product Sales Trends iPad sales decreased -$1.66 billion while Mac computers sales increased +$1.68 billion, offsetting each other. Likewise, iPod sales decreased -$240 million while Music Products & Services increased +$280 million, basically offsetting each other. That leaves an iPhone sales increase of +880 million to essentially increase overall revenues by $943 million for the quarter.

Financial Position Total assets surged to another all-time and tech sector high of $176.06 billion. Apple's market capitalization has been #1 worldwide. Cash and marketable securities are $29+ billion. Add long-term marketable securities and the liquid reserves are $121+ billion!

CEO Statement “We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac and iPod products ever, and we remain very confident in our new product pipeline.”

Outlook QE December 2012: “We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2013, we expect revenue of about $52 billion and diluted earnings per share of about $11.75.” Disclosure: I have a beneficial interest in a long position in AAPL stock.


Wednesday, October 24, 2012

Meet the Apple iPad Mini

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iPhone 5, iPad Mini , iPad 4

Meet Apple's New iPad Mini

Apple's Phil Schiller reveals the company's much-anticipated iPad Mini, and compares it with Google's Nexus 7. The new iPad is 7.2mm thick, weighs 0.68 pound, sports a 7.9-inch screen, has a dual-core A5 processor, and offers Wi-Fi and LTE connectivity. The price starts at $329.

iPad Mini Features

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Apple Improves iBooks

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Apple Shows Off New iBooks App

CEO Tim Cook ups Apple's game in the e-reader space with new iBooks features, including night mode and continuous scrolling, so users never have to turn a page.

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Apple Introduces the New Mac Mini, the "Other Mini"

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Mac Mini

The Other Mini Product Unveiled by Apple: Mac Mini

Phil Schiller, Apple's marketing chief, introduces the new Mac Mini, which sports USB 3.0 and comes in a 2TB version.

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Apple Launches 27-Inch iMac

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iMac (21.5-Inch and 27-Inch Screens)

27-Inch iMac Features Super-Thin Display

The larger 27-inch model is similar to the new 21.5-inch iMac, but it has a faster 2.9GHz Core i5 CPU and a higher-end Nvidia GeForce GTX 660M graphics chip.

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Apple Launches 21.5-Inch iMac

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iMac (21.5-Inch)

Up Close with Apple's 21.5-inch iMac

Apple refreshes the iMac with a new ultra-thin 5mm display. The 21.5-inch all-in-one model includes a 2.7GHz Core i5 chip, 8GB of memory, a GeForce GT 640 graphics chip, and a 1TB hard drive.

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Apple Surprises, Unveils iPad 4

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iPad 4

Apple Surprises with Fourth-Gen, Full-Size iPad

Apple introduces the next-generation iPad a mere six months after the iPad 3 was announced. It's twice as fast as the previous model and offers LTE and 10 hours of battery life.

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Apple Unveils New 13-Inch MacBook Pro: Ultra Thin, Ultra Light

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Ultra Thin, Ultra Light MacBook Pro 13 Inch

Apple Debuts 13-inch MacBook Pro - Lightest Ever

Apple's Phil Schiler introduces a new MacBook Pro at a press event in San Jose, Calif. The new 2.5Ghz dual core i5 notebook is 3.57 lbs and 0.75 inches thick. It will cost $1,699 with 8GB of Ram and 128GB of memory and ships starting October 23rd.

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Apple iPad Mini: First Look

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iPad Mini and iPad 4

iPad Mini First Look

CNET's Scott Stein takes a first look at the new iPad Mini.

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Friday, September 28, 2012

Apple CEO Tim Cook: Extremely sorry for frustration with Maps

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Apple CEO Tim Cook

Apple CEO Says Sorry for iOS 6 Map Mess

Tim Cook says sorry for Apple's map troubles, and CNET Update viewers share their thoughts on iOS 6. Also: Facebook offers option to send real gifts to friends.

A Letter from Tim Cook on Maps

To our customers,

At Apple, we strive to make world-class products that deliver the best experience possible to our customers. With the launch of our new Maps last week, we fell short on this commitment. We are extremely sorry for the frustration this has caused our customers and we are doing everything we can to make Maps better.

We launched Maps initially with the first version of iOS. As time progressed, we wanted to provide our customers with even better Maps including features such as turn-by-turn directions, voice integration, Flyover and vector-based maps. In order to do this, we had to create a new version of Maps from the ground up.

There are already more than 100 million iOS devices using the new Apple Maps, with more and more joining us every day. In just over a week, iOS users with the new Maps have already searched for nearly half a billion locations. The more our customers use our Maps the better it will get and we greatly appreciate all of the feedback we have received from you.

While we’re improving Maps, you can try alternatives by downloading map apps from the App Store like Bing, MapQuest and Waze, or use Google or Nokia maps by going to their websites and creating an icon on your home screen to their web app.

Everything we do at Apple is aimed at making our products the best in the world. We know that you expect that from us, and we will keep working non-stop until Maps lives up to the same incredibly high standard.

Tim Cook
Apple's CEO

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Sunday, September 23, 2012

Introducing the All-New Apple EarPods

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Apple EarPods

Apple - The All-New Apple EarPods

A breakthrough for ears everywhere, Apple EarPods look unlike anything you've ever seen, and sound unlike anything you've ever heard. Offiical Apple video.

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Introducing the Apple iPhone 5

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Apple iPhone 5

Apple - Introducing iPhone 5

It's so thin and so light, yet iPhone 5 features a larger display, a faster chip, ultrafast wireless, an 8MP iSight camera, and more. Offiical Apple video.

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Wednesday, September 19, 2012

Apple iPhone 5: Unboxing

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Apple iPhone 5

Unboxing the iPhone 5

What comes inside the box when you buy your iPhone 5? Scott Stein takes you through the packaging: EarPods, stickers, and all.

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Apple iOS 6: First Look

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Apple iOS 6

Apple iOS 6 Makes Some Big Changes

iOS 6 is not a drastic overhaul, but it comes with app improvements that make common actions more accessible, sharing easier across devices, and tons of welcome tweaks to the interface.

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Tuesday, September 18, 2012

Apple Closes Above $700!

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Apple Inc.

Apple Closes at $701.91

AAPL daily chart for 2012

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Apple iPod Touch: Quick Look

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Apple iPod Touch 2012

Apple iPod Touch Makes a Comeback with 4-inch Retina Display

The new multimedia device measures just 0.2 inch thick (6.1mm), weighs only 3.1 ounces (88 grams), and has a 4-inch Retina Display. It will also support AirPlay gaming via Apple TV with virtual controllers and Siri, too.

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Apple iPhone 5: Hands On

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Apple iPhone 5

iPhone 5: Hands-On

Senior Editor Scott Stein takes us on a tour of the iPhone 5 days before its debut.

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Apple iPhone 5: Quick Look

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Apple iPhone 5

iPhone 5: CNET First Look

CNET's Scott Stein walks is through some of the main features found on the iPhone 5.

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Wednesday, August 22, 2012

Sunday, August 12, 2012

Apple iPhone Has Better Camera Than Mars Rover Curiosity!

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Apple iPhone 4S

iPhone Has a Better Cam than Curiosity - CNET Update

Why your phone has a better camera than NASA's Mars rover does, Google quietly helps Samsung battle Apple, and the newest Angry Bird kills 'em with cuteness.

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Friday, July 27, 2012

Apple Earnings Review: Revenues & EPS Miss!

Apple reported QE June 2012 financial results on Tuesday, July 24

Apple management forecast $34 billion in total revenues, the analysts expected $37 billion, and the results were $35 billion. That's a QoQ decrease of -$4.16 billion or -11% QoQ and +23% YoY. Geography, product lines, and gross margin came into play for the miss.

Apple's weak quarter was the result of Asia-Pacific sales, notably China, dropping from $10.15 billion to $7.89 billion. That's a QoQ hit of -$2.26 billion and -22%. Sales in the Americas held up relatively well (-$376 million, -3% QoQ) but all regions decreased. Not only that, sales in Europe of $8.24 billion (-$570 million, -6% QoQ) exceeded Asia-Pacific! Most were convinced last quarter when Asia-Pacific sales surpassed Europe it was forever.

Apple was saved from a worse quarter by iPad sales growth (+$2.58 billion, +39% QoQ) to counteract the drop in iPhone sales (-$6.45 billion, -28% QoQ). The other product lines reported small decreases (Mac Computers, Music Products & Services, and iPods). The new iPad, after trademark litigation delays, arrived in China July 20.

Gross margin, as expected with a forewarning from management, decreased from an all-time high of 47.37% to 42.81%. This is above the 15-quarter average of 41.06%.

Total assets surged to another all-time and tech sector high of $162.9 billion. Apple's market capitalization has been #1 worldwide. Cash and marketable securities were $27+ billion. Add long-term marketable securities and the liquid reserves are $117+ billion!

Result, QoQ Change, YoY Change
Total Assets: $162.90 billion, +8%, +53%
Total Revenues: $35.02 billion, -11%, +23%
Net Income: $8.82 billion, -24%, +21%
Earnings per Share: $9.32, -24%, +20%

Outlook QE September 2012: CFO Peter Oppenheimer, "Looking ahead to the fourth fiscal quarter, we expect revenue of about $34 billion and diluted earnings per share of about $7.65". For total revenues that's -3% QoQ and +20% YoY. For earnings per share, that's -18% QoQ and +9% YoY. Initial estimates by analysts are EPS $10.22 (+10% QoQ, +45% YoY) and total revenues of $37 billion (+9% QoQ, +34% YoY). These analysts' projections may well be revised downwards soon.

“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”

View from the Lake From here on the peninsula, I see a long-term upside for AAPL though iPhone 5, which presumably will be launched during Holiday Q4 2012. Calendar Q4 is the annual cyclical high anyway and with iPhone 5 we could easily see $50+ billion in quarterly sales. That results in the January 2013 earnings announcement for a huge pop in AAPL. A mini-iPad (7-inch screen?) isn't going to be a game-changer, would cannibalize the existing iPad, doesn't generate the margins for Apple, and I would buy one for my wife. Time for the innovative pipeline of "amazing new products" CEO Tim Cook talks about to work some magic to sustain growth post-iPhone 5.

Disclosure: I have a beneficial interest in a long position in AAPL stock.


Apple OS X Mountain Lion Launched - First Look

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Apple OS X Mountain Lion

CNET News: OS X Mountain Lion - First Look

The latest version of Mac OS X comes with more than 200 new features that make several actions easier and make it more connected to your other Apple devices.

Mountain Lion Available Today From the Mac App Store

(July 25, 2012) Apple today announced that OS X Mountain Lion, the ninth major release of the world’s most advanced desktop operating system, is available as a download from the Mac App Store. Mountain Lion includes more than 200 innovative new features, such as iCloud integration, the all-new Messages app, Notification Center, system-wide Sharing, Facebook integration, Dictation, AirPlay Mirroring, and Game Center. Mountain Lion is available as an upgrade from Lion or Snow Leopard for $19.99 (US). Read more:

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Thursday, July 5, 2012

Apple Mini iPad with 7-Inch Screen Coming in 2012?

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Apple, Inc.

Apple Byte - The iPad "Mini Me" Coming Soon...

Multiple reports point to Apple producing a 7-inch iPad and iMacs might actually get a Retina screen after all.

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Saturday, June 16, 2012

Apple Unveils iOS 6

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Apple Siri

CNET News: Apple's New iOS 6 Packed with Features

Apple's Scott Forstall demos a new beta version of iOS. The revamped mobile operating system includes an upgrade to Siri, Facebook integration, and FaceTime connectivity through a cellular network. There's also a new feature called Passbook, which stores boarding passes, store cards, and movie tickets.

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Tuesday, June 12, 2012

First Look: MacBook Pro with Retina Display

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MacBook Pro

First Look: MacBook Pro with Retina Display: Hands-On

Apple's first-ever Retina Display MacBook Pro offers unparalleled screen resolution and an all-new, slimmer design -- but it comes at a very high price.

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Seeking Alpha