To mitigate the loss in revenue Apple are introducing the iCloth, a top of the range chamois leather accessory to de-smudge iGadgets for $299.
Apple's lost $6bn in revenue during its last financial quarter of 2021 due to chip shortages and supply constraints, and the impact will be even more severe in the coming months. "We estimate the impact from supply constraints will be larger during the December quarter," said Luca Maestri, chief financial officer, during an …
Hmmm, seems to me that when these analyst things get their guess right they take all the credit but when they get it wrong it's always the company's fault. This rule applies to all companies, not just Apple.
And how often are they right (looking at you Gartner)?
Financial analyst: the epitome of a parasitic non job.
Still, it's FRIDAY. 35 Mins to go do the "washin' oil down't clack" thing.
Have a groovy weekend y'all
For a Dell or HP it matters because if you can't get what you want from one PC vendor, you might be able to get it from another. Ditto for Android phones (except maybe Samsung as they seem to have some pretty devoted customers who won't buy Android phones from anyone else)
As Apple is the only place to buy a Mac or buy an iPhone, if there are shortages you'll still buy if you're told what you want won't ship until December. It just pushes back your purchase.
The lost revenue last quarter has been pushed into to this quarter. The lost revenue in this quarter will be pushed into next quarter. And so on until the shortages end and that quarter gets higher sales than it otherwise would have due to that catch-up effect.
This quarter is going to be massive for the Mac due to the launch of the new laptops with the new and groovy M1 Pro and Max SoC's. I know at least five Mac design or photography studios that were holding off making major purchases until the new kit was launched.
When you see the specs and results you'd have to have ben seven kinds of stupid to buy the old Intel ones unless you had a specific reason.
Its only a slight dip in revenue, from "enormous" to "not quite enormous" but the investment analysis game usually punishes companies that don't make their target by beating down their stock price (all those robo-traders who see APPL missing their estimated revenue target so 'sell immediately'). But hidden in there is one important detail. Apple released a new phone a month ago to a collective yawn -- nobody seems to be particularly interested in it.
So the news is really "Apple launched a new product and nobody was interested". Its probably not the product but the times we live in -- last year's model still works and people seem to be getting cautious about excessive consumer spending. (Which will be blamed on "supply chain" issues but could just as well be "consumption chain" issues -- if people get out of the habit of buying stuff...could it finally be "The End Of The World As We Know It"?)
The iPhone 13 was announced in mid September and started shipping before the end of the month. Apple usually manages to ship about 10 million of a new model at the end of Q3.
Last year they didn't because the iPhone 12 was delayed and didn't impact Q3 numbers. That's why the revenue comps were expected to be +50% and the market was disappointed when they were only 40-some percent.
Last year that just pushed those sales back to Q4, so between that and the supply chain issues limiting their ability to ship iPhone 13s as quickly as they would like it seems unlikely they will match last year's Q4 numbers. But to the extent supply chain issues cause them to fall short of last year's Q4 numbers, when they get caught up to demand in either Q1 or Q2 they'll easily blow by last year's numbers.
So expect a lot of silly articles about how iPhone 13 isn't living up to expectations about three months from now when Apple reports a revenue miss, then more silly articles about how iPhone 13 has "proven the naysayers wrong" another quarter or two with the revenue beat!
as in the wall st analysts, don't like it that Tim Apple stopped giving guidance when COVID came along.
Their guesstimates are even more guesses than before so they love to err on the high side so that they can slag off Tim Apple when they come in with huge profits but not as ginormous as they'd predicted.
I wish that there was some way that normal investors could make those charlatans (analysts) take a financial hit for their bad advice. Perhaps then... Nah. Who am I kidding but myself eh?
If those numpties had any sense, they'd be taking a long hard look at Intel, AMD and Microsoft. All it would take for Intel and AMD's stock to tank, would be for MS to say that they are supporting ARM on more than their own devices. I am sure that the likes of HP, Dell, ASUS and others have ARM designs all ready to go. They have seen what Apple has done and would want a slice of that pie should MS say the word.
It will be interesting to see what chip Apple put in the rumoured iMac-Pro. That might give us an idea about the next gen Mac-Pro but all of that stuff is way over the heads of those Wall St types.
Workers at an Apple Store in Towson, Maryland have voted to form a union, making them the first of the iGiant's retail staff to do so in the United States.
Out of 110 eligible voters, 65 employees voted in support of unionization versus 33 who voted against it. The organizing committee, known as the Coalition of Organized Retail Employees (CORE), has now filed to certify the results with America's National Labor Relations Board. Members joining this first-ever US Apple Store union will be represented by the International Association of Machinists and Aerospace Workers (IAM).
"I applaud the courage displayed by CORE members at the Apple store in Towson for achieving this historic victory," IAM's international president Robert Martinez Jr said in a statement on Saturday. "They made a huge sacrifice for thousands of Apple employees across the nation who had all eyes on this election."
Another day, another legal claim against Apple for deliberately throttling the performance of its iPhones to save battery power.
This latest case was brought by Justin Gutmann, who has asked the UK's Competition Appeal Tribunal (CAT) to approve a collective action that could allow as many as 25 million Brits to claim compensation from the American technology giant. He claims the iGiant secretly degraded their smartphones' performance to make the battery power last longer.
Apple may therefore have to cough up an eye-popping £768 million ($927 million), Gutmann's lawyers estimated, Bloomberg first reported this week.
Apple has introduced a game-changer into its upcoming iOS 16 for those who hate CAPTCHAs, in the form of a feature called Automatic Verification.
The feature does exactly what its name alludes to: automatically verifies devices and Apple ID accounts without any action from the user. When iOS 16 ships later this year, it will eliminate the frustrating requirement to select all the stops signs in a photo or decipher a string of characters.
The news was mentioned at Apple's 33rd annual Worldwide Developer Conference (WWDC) along with the usual slew of features designed to enhance the functionality of iPhones.
Not many people are talking about Apple's recent WWDC from an enterprise standpoint. But identity and machine management tool maker JumpCloud says a "shim" to connect "the login to the device through to the Safari browser" is a notable development.
JumpCloud provides identity services, which is why chief strategy officer Greg Keller zeroed in on the feature, which his company details further in its latest IT trends report.
The result, said Keller, was "an even more powerful login experience into these devices."
Democrat lawmakers want the FTC to investigate Apple and Google's online ad trackers, which they say amount to unfair and deceptive business practices and pose a privacy and security risk to people using the tech giants' mobile devices.
US Senators Ron Wyden (D-OR), Elizabeth Warren (D-MA), and Cory Booker (D-NJ) and House Representative Sara Jacobs (D-CA) requested on Friday that the watchdog launch a probe into Apple and Google, hours before the US Supreme Court overturned Roe v. Wade, clearing the way for individual states to ban access to abortions.
In the days leading up to the court's action, some of these same lawmakers had also introduced data privacy bills, including a proposal that would make it illegal for data brokers to sell sensitive location and health information of individuals' medical treatment.
A security flaw in Apple's Safari web browser that was patched nine years ago was exploited in the wild again some months ago – a perfect example of a "zombie" vulnerability.
That's a bug that's been patched, but for whatever reason can be abused all over again on up-to-date systems and devices – or a bug closely related to a patched one.
In a write-up this month, Maddie Stone, a top researcher on Google's Project Zero team, shared details of a Safari vulnerability that folks realized in January this year was being exploited in the wild. This remote-code-execution flaw could be abused by a specially crafted website, for example, to run spyware on someone's device when viewed in their browser.
Analysis For all the pomp and circumstance surrounding Apple's move to homegrown silicon for Macs, the tech giant has admitted that the new M2 chip isn't quite the slam dunk that its predecessor was when compared to the latest from Apple's former CPU supplier, Intel.
During its WWDC 2022 keynote Monday, Apple focused its high-level sales pitch for the M2 on claims that the chip is much more power efficient than Intel's latest laptop CPUs. But while doing so, the iPhone maker admitted that Intel has it beat, at least for now, when it comes to CPU performance.
Apple laid this out clearly during the presentation when Johny Srouji, Apple's senior vice president of hardware technologies, said the M2's eight-core CPU will provide 87 percent of the peak performance of Intel's 12-core Core i7-1260P while using just a quarter of the rival chip's power.
A woman in the US has been charged with murder after she allegedly tracked down her boyfriend using an Apple AirTag and ran him over after seeing him with another lady.
Gaylyn Morris, 26, found her partner Andre Smith, also 26, at Tilly’s Pub in an Indianapolis shopping mall with the help of the gadget in the early hours of June 3, it is claimed.
A witness said Morris had driven up to him in the parking lot and inquired whether Smith was in the bar, stating she had a GPS tracker that showed he was inside, according to an affidavit [PDF] by Detective Gregory Shue. Morris, the witness said, subsequently spotted Smith within the establishment.
Apple's Intelligent Tracking Protection (ITP) in Safari has implemented privacy through forgetfulness, and the result is that users of Twitter may have to remind Safari of their preferences.
Apple's privacy technology has been designed to block third-party cookies in its Safari browser. But according to software developer Jeff Johnson, it keeps such a tight lid on browser-based storage that if the user hasn't visited Twitter for a week, ITP will delete user set preferences.
So instead of seeing "Latest Tweets" – a chronological timeline – Safari users returning to Twitter after seven days can expect to see Twitter's algorithmically curated tweets under its "Home" setting.
The United Kingdom's Competition and Markets Authority (CMA) on Friday said it intends to launch an investigation of Apple's and Google's market power with respect to mobile browsers and cloud gaming, and to take enforcement action against Google for its app store payment practices.
"When it comes to how people use mobile phones, Apple and Google hold all the cards," said Andrea Coscelli, Chief Executive of the CMA, in a statement. "As good as many of their services and products are, their strong grip on mobile ecosystems allows them to shut out competitors, holding back the British tech sector and limiting choice."
The decision to open a formal investigation follows the CMA's year-long study of the mobile ecosystem. The competition watchdog's findings have been published in a report that concludes Apple and Google have a duopoly that limits competition.
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