Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. 24/7 Space News .




INTERNET SPACE
Apple hails results but outlook knocks stock price
by Staff Writers
San Francisco (AFP) Jan 23, 2013


US panel reviews patent ruling against Samsung
San Francisco (AFP) Jan 23, 2013 - The US International Trade Commission on Wednesday ordered review of a ruling that Samsung violated Apple patents for smartphones and tablet computers.

Apple filed a complaint with the quasi-official federal agency in 2011, accusing Samsung of patent violations and asking that infringing devices be barred from the US market.

An ITC judge late last year issued a tentative ruling dismissing some of the claims but agreeing with Apple regarding four patents. Both Apple and Samsung asked that the decision be given a second look.

The ITC directed the administrative law judge to review the entire ruling, according to a document filed in the case Wednesday by acting commission secretary Lisa Barton.

South Korean consumer electronics titan Samsung and California-based Apple, maker of iPhones and iPads, have been battling in legal venues around the world over patents for gadgets competing in the booming mobile market.

Tablet sales forecast leaps again
Washington (AFP) Jan 23, 2013 - Global tablet computer sales are expected to hit 145 million this year, a research firm said Wednesday in the latest upgrade of the sizzling segment.

ABI Research said it raised its forecast due to "a combination of new market entrants, more affordable choices for consumers, and increased adoption by business audiences."

"The rate of innovation is slowing as tablet vendors augment their product portfolios to meet the needs of market audiences," says ABI's Jeff Orr.

"The late 2012 launches of Apple's iPad mini and a variety of slates based on Intel architecture and new Windows operating systems will only begin to show their progress this year."

ABI said North America will account for just over 50 percent of worldwide sales.

Business sales are expected to account for 19 percent of the total, as corporate customers look to newer models aimed at their users.

Sales data from 2012 are still being compiled, but some forecasts indicated the total number of tablets sold would be around 126 million.

Apple shares slid about 10 percent Wednesday after the tech giant posted record profits and sales of its iPhones and iPads but offered a disappointing forecast for the coming months.

Apple said it made a profit of $13.l billion on revenue of $54.5 billion in the fiscal quarter that ended on December 29 as sales of iPhones and iPads set quarterly highs.

"Apple's profit did go up; it just didn't go up that much," said analyst Rob Enderle of Enderle Group in Silicon Valley.

"They had a really high increase in sales, but their high margin is coming apart at the edges and that is why investors are fleeing the stock," the analyst continued. "They are making less per gadget."

The California-based company reported that it sold 47.8 million iPhones and 22.9 million iPad tablet computers in the closing months of last year.

"We're thrilled with record revenue of over $54 billion and sales of over 75 million iOS devices in a single quarter," said Apple chief executive Tim Cook.

Despite the figures, some investors soured on Apple, after it forecast that its revenue for the current quarter would range from $41 to $43 billion and it would have a gross margin of from 37.5 to 39.5 percent.

Apple has been long known for a high margin, the difference between what they charge for products and the cost to make them. Enderle referred to it as a "Porsche model" of creations crafted for the high end of a market.

"Steve Jobs traded on a Porsche model," Enderle said, referring to the late Apple co-founder and chief executive. "Cook is shifting to more of a value model; he is chasing Samsung."

Peter Misek, analyst at Jefferies, said Apple's results topped the consensus "but fell short of our estimates."

Apple shares dropped 9.8 percent to $463.49 in after-market trading that followed release of the earnings results.

"The most important thing is that our customers love our products," Cook said in an earnings call with financial analysts.

"Not just buy them; love them," he continued. "Everyone at Apple has their eyes on the future."

Apple's stock has been in a downward spiral since hitting a record level above $700 last year, amid concerns that it is losing its edge in innovation, and that rivals are catching up or surpassing Apple in key segments.

Recently, the iPhone 5 made a lackluster debut in China and an analyst reported that Apple had cut orders for smartphone parts.

Apple remains the world's most valuable company but its image has been hit by several factors, including an embarrassing release of its glitch-ridden maps program for the new iPhone.

An IDC research firm survey last month showed Google's Android operating system will power more than two-thirds of smartphones sold worldwide in 2012, and will remain the dominant platform for at least the next four years.

South Korean consumer electronics titan Samsung makes popular smartphones powered by Android software.

Brian White at Topeka Capital Markets remained upbeat on Apple.

"There is quite a bit of bad news priced into the stock at current levels," he said.

White said he was unfazed by Apple's "signature conservative outlook" and that the company is likely to get a lift from what he believes will be a new iPhone launch in May or June, and an "iPad refresh" in March.

Cook referred to the tablet market as "the mother of all opportunities" and that Apple was positioned to benefit from iPads cannibalizing sales of personal computers. Apple said that it sold as many iPad Mini tablets as it could ship.

He said the company was in its most prolific product introduction period since late co-founder Steve Jobs introduced the first Macintosh computer on January 24, 1984.

"Tomorrow marks the anniversary of a revolution," Cook said. "We've come a long way since 1984."

Apple saw its biggest iPhone sales jump in China, where revenue surged, according to Cook.

"We are making great progress (in China)," Cook said. "I am very happy with how things are going. It is clear there is a lot of potential there."

Cook advised analysts not to expect a larger-screen iPhone, praising the smartphone's screen and saying the company believed it is the right size.

He also advised analysts to be wary of rumors about Apple trimming parts orders and what that might signal about demand for its gadgets.

"I don't want to comment on any particular rumor, because I would spend my life doing that," Cook said.

"It is good to question the accuracy of any particular rumor."

.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





INTERNET SPACE
Rumors of multiple iPhones from Apple
San Francisco (UPI) Jan 21, 2013
New rumors suggest Apple will bring out three new iPhone models this year, including one dubbed the "iPhone Math," tech sites say. Brightwire.com, translating stories from the China Times and Taiwan-based Commercial Times, said the iPhone Math would feature a 4.8-inch screen and an 8-megapixel camera. Brightwire could offer no explanation for the odd moniker, especially since all ... read more


INTERNET SPACE
US, Europe team up for moon fly-by

Russia to Launch Lunar Mission in 2015

US, Europe team up for moon fly-by

Mission would drag asteroid to the moon

INTERNET SPACE
Possible Clues to Ancient Subsurface Biosphere on Mars

NASA's Veteran Mars Rover Ready to Start 10th Year

Opportunity Investigating Light-toned Veins in Rock Outcrop

Reull Vallis: a river ran through it

INTERNET SPACE
TDRS-K Offers Upgrade to Vital Communications Net

An Astronaut's Guide

Mathematical breakthrough sets out rules for more effective teleportation

Orion Teamwork Pays Off

INTERNET SPACE
Reshuffle for Tiangong

China to launch 20 spacecrafts in 2013

Mr Xi in Space

China plans manned space launch in 2013: state media

INTERNET SPACE
NASA to Send Inflatable Pod to International Space Station

ISS to get inflatable module

ESA workhorse to power NASA's Orion spacecraft

Competition Hopes To Fine Tune ISS Solar Array Shadowing

INTERNET SPACE
NASA Selects Experimental Commercial Suborbital Flight Payloads

Payload elements come together in Starsem's wrap-up Soyuz mission from Baikonur Cosmodrome for Globalstar

Amazonas 3 in Kourou for Ariane 5 year-opening launch campaign

Suborbital Space Research and Education Conference Scheduled for June 2013

INTERNET SPACE
New Evidence Indicates Auroras Occur Outside Our Solar System

Glitch has space telescope shut down

Earth-size planets common in galaxy

NASA's Hubble Reveals Rogue Planetary Orbit For Fomalhaut B

INTERNET SPACE
Novel sensor provides bigger picture

Dutch architect to build house with 3D printer

Researchers move Barkhausen Effect forward

Computer breakthrough: Code of life becomes databank




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement