tech:

taffy

Apple Reports Fourth Quarter Results

[Techtaffy Newsdesk]

Apple announced financial results for its fiscal 2012 fourth quarter ended September 29, 2012. The company posted quarterly revenues of $36.0 billion and quarterly net profits of $8.2 billion, or $8.67 per diluted share. These results compare to revenue of $28.3 billion and net profit of $6.6 billion, or $7.05 per diluted share, in the year-ago quarter. Gross margin was 40.0 percent compared to 40.3 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.

Apple sold 26.9 million iPhones in the quarter, representing 58 percent unit growth over the year-ago quarter. It sold 14.0 million iPads during the quarter, a 26 percent unit increase over the year-ago quarter, and 4.9 million Macs during the quarter, a 1 percent unit increase over the year-ago quarter. Apple sold 5.3 million iPods, a 19 percent unit decline from the year-ago quarter.

Peter Oppenheimer (CFO, Apple): We’re pleased to have generated over $41 billion in net income and over $50 billion in operating cash flow in fiscal 2012.  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.

Apple’s Board has declared a cash dividend of $2.65 per share of the company’s common stock. The dividend is payable on November 15, 2012, to shareholders of record as of the close of business on November 12, 2012.

Upload: 10-28-12

Just in

Covered California implements Google Cloud’s AI solutions

Covered California, California's health insurance marketplace, has announced that it will use Google Cloud's AI solutions to simplify the process of providing health insurance to California residents.

Broadcom, Google Cloud expand partnership

Broadcom and Google Cloud have announced an expanded partnership focusing on optimizing Broadcom's VMware workloads for Google Cloud, collaborating on go-to-market initiatives, adding more Broadcom products to Google Cloud Marketplace, and integrating Google Cloud's generative AI capabilities into Broadcom's offerings.

Apple stops warning of ‘state-sponsored’ attacks, now alerts about ‘mercenary spyware’ — The Register

Apple is referring to the infection of devices with NSO Group's Pegasus spyware and other similar software, writes Laura Dobberstein.