diTii.com Digital News Hub

Sign up with your email address to be the first to know about latest news and more.

I agree to have my personal information transfered to MailChimp (more information)


Apple Now Sitting on $145 Billion of Cash Pile – More Than Doubles Capital Return Program

Apple posted quarterly revenue of $43.6 billion and quarterly net profit of $9.5 billion, or $10.09 per diluted share for the financial results for its fiscal 2013 second quarter ended March 30, 2013.

“Our cash generation remains very strong, with $12.5 billion in cash flow from operations during the quarter and an ending cash balance of $145 billion,” said Peter Oppenheimer, Apple’s CFO.

In addition, Apple also announced a significant increase to the Company’s program to return capital to shareholders–“to $60 billion from the $10 billion level announced last year.”

Apple notes it “expects to utilize a total of $100 billion of cash under the expanded program by the end of calendar 2015. Apple also expects to utilize about $1 billion annually to net-share-settle vesting restricted stock units.”

Additionally, the Board has approved a 15% increase in the Company’s quarterly dividend and today has declared a dividend of $3.05 per common share, payable on May 16, 2013 to shareholders of record as of the close of business on May 13, 2013.

The Company sold 37.4 million iPhones in the quarter, compared to 35.1 million in the year-ago quarter. Apple also sold 19.5 million iPads during the quarter, compared to 11.8 million in the year-ago quarter.

The Company said it has sold just under 4 million Macs, compared to 4 million in the year-ago quarter.

Speaking of apps, Apple says there have been 45 billion app downloads from the iOS App Store and that its iCloud service has signed up 300 million users.

“We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad,” said Tim Cook, Apple’s CEO.

Adding, “We’ve got a lot more surprises in the works. Our teams are hard at work on some amazing new hardware, software, and services that we can’t wait to introduce in the fall and into 2014,” Cook said.

Cook also said that some of those new products will include Apple entering into “exciting new product categories” but he did not go into details. But, giving fuel to the Apple’s working on an iOS-based “iWatch” fire.

Cook adds, that Apple isn’t interested in launching a larger version of the iPhone until the company is convinced it won’t have to make any “trade-offs” in terms of screen resolution, app support and other features.

Apple has created a microsite to mark the 10th anniversary of iTunes on Sunday April 28th.

The site is already live in the US and UK, reads,

“Decade of iTunes features key milestones from iTunes itself and other music-related Apple news – like the 3rd-generation iPod announced on the same day iTunes launched. It also allows a nostalgic trip down a musical memory lane, showing the top-selling songs and albums for each year.”

Decade of iTunes: Celebrating 10th anniversary of iTunes

Finally, Apple is holding Worldwide Developers Conference (WWDC) on June 10 through June 14 at San Francisco’s Moscone West.

WWDC 2013 Jun 10- June 14, San Francisco

WWDC 2013 activities include:

  • “More than 100 technical sessions presented by Apple engineers on a wide range of topics for developing, deploying and integrating the latest iOS and OS X technologies
  • more than 1,000 Apple engineers supporting over 100 hands-on labs and events to provide developers with code-level assistance, insight into optimal development techniques and guidance on how they can make the most of iOS and OS X technologies in their apps;
  • latest innovations, features and capabilities of iOS and OS X, and how to enhance an app’s functionality, performance, quality and design;
  • opportunity to connect with thousands of fellow iOS and OS X developers from around the world–last year more than 60 countries were represented;
  • engaging and inspirational lunchtime sessions with leading minds and influencers from the worlds of technology, science and entertainment; and
  • Apple Design Awards which recognize iPhone, iPad and Mac apps that demonstrate technical excellence, innovation and outstanding design,” informs Apple.

Tickets for this year’s WWDC go on sale Thursday, April 25 at 10 a.m. PDT.

Update 04/26: Apple said that WWDC registration was sold out in just 2-minutes. the company has also released a new television advert:

“Everyday more photos are taken on the iPhone than any other camera”

Update 04/30: Apple heavyweights claims that the changes in upcoming iOS 7 which is shceduled to release at WWDC 20132, would be “significant.”

According to multiple sources, the new interface and general design of iOS 7 (codenamed “Innsbruck,” ) will be “very, very flat.” And, that it is inspired with the “Metro” design of Windows 8 and Windows Phone.

Other sources claim the general design “loses all signs of gloss, shine and skeumorphism” which are currently found in iOS app such as Calendar and Game Centre.

iOS 7, will also introduce a whole new set of icons as well as “newly designed tool bars, tab bars, and other fundamental interface features across the system.”

“Flatness”, according to report, is the reduction of unneeded textures or miscellaneous design features that currently adorn iOS. The new design will align the “entire system,” hinting at a redesign of all the core apps, and a movement from skeumorphism.

Also, there is “no new learning curve” to iOS 7, and the core apps and “fundamentals” remain the same, according to people who have used new mobile OS.

According to the report, Apple is looking into “more ‘glance-able’ information” that could be implemented via “new panels [that] swipe from the left and right side of an iOS device’s display.”

iOS will, however, retain it’s easy-to-use status.

Share This Story, Choose Your Platform!

Get Latest News

Subscribe to Digital News Hub

Get our daily newsletter about the latest news in the industry.
First Name
Last Name
Email address
Secure and Spam free...