Apple said revenue from the iPhone jumped 28 percent during the crucial holiday shopping season. The results arrived with an unusual level of anticipation, even for a company as high-profile as Apple, because of anxiety among some investors about Apple's ability to sustain its growth and create new hit products. Apple's stock has lost about a quarter of its value since September, erasing more than $170 billion of its market value.
Apple said its net income for its fiscal first quarter ending Dec. 29 was $13.1 billion, or $13.81 a share, compared with $13.1 billion, or $13.87 a share, in the same period a year earlier.
The company's revenue was $54.5 billion, up from $46.33 billion a year ago.
Shares of Apple fell almost 10% in after-hours trading.
According to the Wall Street Journal, Apple has cut orders for iPhone 5 components due to "weaker-than-expected demand" for the device.
Citing "people familiar with the situation", the Journal claims that Apple has cut its orders of iPhone 5 screens for the January-March quarter, for instance, by half. If the rumors are true, they suggest that the phone isn't selling as well as Apple anticipated-or, more unlikely, that its plans are changing.
While Apple has set the agenda for the smartphone market since it released its first iPhone in 2007, South Korea's Samsung, which sells many Android-based models at various price points, has already overtaken the U.S. company as the world's largest smartphone vendor by market share. Demand is also growing for inexpensive smartphones from Chinese makers such as Huawei Technologies Co.
In the 2012 third quarter, Apple held 14.6% of world-wide smartphone shipments, down from a peak of 23% in the fourth quarter of 2011 and the first quarter of 2012, according to IDC.
Samsung's share, meanwhile, rose to 31.3% in the third quarter of 2012, compared with 8.8% in the third quarter of 2010.
The Korean company said earlier this month that it expects to report another record operating profit for the fourth quarter of 2012, capping its best year ever amid strong sales of its Galaxy line of smartphones. The company expects an operating profit equivalent to between $8.1 billion and $8.5 billion for the three months ended in December.
Google Shopper helps you find information on millions of products. Google Shopper recognizes products by cover art, barcode, voice and text search. You can find local and online prices, reviews, specifications, videos, and more to help you make the best purchasing decision. With one click you can save items to your shopping list and share with your friends.
Google Shopper has just gotten the bump to version 3.0 with an update that brings a roster of fresh features, including a new UI with speedier navigation and larger images.
What's in this version:
3.0.1: Fixed a bug that caused the app to crash at startup for some users.
* New UI with faster navigation and bigger images.
* Discover sales and special offers in your area from the new sales screen.
* Search for apparel and accessories more effectively with image-centric search results.
* Make more informed buying decisions with GoodGuide product ratings.
* Get great deals online with retail promotions.
* Find out about new features and content with push notifications.
This update comes from foxnews.com - Looks someone something big is coming from Apple. Read the story below:
Apple just announced an event on January 27th that will no doubt dazzle us with what the company is calling its "latest creation." At the event, Apple will unveil the company's long-rumored tablet device.
Apple sent out invitations to selected media outlets this morning, asking people to "join us for an invitation-only event at the Yerba Buena Center for the Arts Theater in San Francisco on January 27 at 10:00a.m." Fox will be live all morning long from San Francisco, bringing you all the fruit (and gadgets) that the Apple tree bears.
Reports suggest that this device has been years in the making (just take a look at this enthusiast-generated gallery of Apple table concepts, originally posted to Gizmodo two years ago), and I'm as excited to see it as you are.
I spoke to a source at Apple this morning, before the invite hit my inbox, who said the event would likely focus on three projects: The tablet device, iPhone 4, and a new round of iLife 2010 software. While we won't see new iPhone hardware just yet, we will see the next-generation software.
Complete news at foxnews.com
The Avatar Movie is still #1 in the box office, I went to see it a week ago, I highly recommended for everyone. But this post isn't about the movie, it's about the iPhone Game App that has already been created for Avator, Daniel at intomobile.com gave us a full preview on the game.
The platforming at first could be a little tricky, but once you get the hang of the controls, moving around Pandora isn't that much of a challenge. There will be times where a jump or two will be missed resulting in your untimely demise, but thankfully, the game is very lenient with deaths as numerous checkpoints litter any single level. Since this is a game that's running off a mobile device, the checkpoints can be a life saver if you suddenly need to stop playing.
Check out the video below and for complete review, click here.