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Finance News

Apple reports $46.33 billion in sales, $13.06 billion profit for Q1 2012

You just can’t ignore a US$13.06 billion profit. Per Macworld, Apple on Tuesday reported that it tallied US$46.33 billion in sales and US$13.06 billion in profit for the fiscal first quarter ended Dec. 31. Both the revenue and profit figures were quarterly records for Apple and blew away the numbers recorded in the year-ago quarter. […]

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Finance Rumor

Rumor: Apple to purchase Israeli flash memory company Anobit

When Apple ponders buying something, it’s worth paying attention to. Per TechCrunch, Apple is planning to spend between US$400 million and US$500 million to buy Anobit, an Israel-based flash memory company, according to a new report. Citing a Hebrew-language report, TechCrunch relayed on Tuesday that Apple plans to acquire the 200-employee Israeli fabless semiconductor company […]

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iPad iPhone Rumor

Rumor: Apple in discussions with wireless carriers over LTE-capable iPads, iPhones

What a difference a year might make. Per Macotakara, Apple is gearing up to release new iPad and iPhone models in 2012 that will connect to long-term evolution 4G high-speed data networks, according to a new report. Japane’s Nikkei Business reported that carrier NTT DoCoMo is in talks to release an LTE-capable iPad in the […]

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News

Apple promotes Arthur D. Levinson to chairman of the board

It’s time to step up to the plate. According to the company’s press release, Apple has named Arthur D. Levinson, Ph. D. as its new non-executive Chairman of the Board. Levinson replaces Steve Jobs in the chairman role, who was briefly named Apple’s chairman following his resignation as its chief executive. Levinson has served as […]

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iPhone Rumor

Rumor: Apple to release official 4G-capable iPhone in 2012

When the iPhone 4S was released recently, one of the major complaints was that the unit lacked an official 4G function. This may be resolved next year when Apple is “expected to join the LTE club,” according to sources who spoke with DigiTimes. Apple’s entrance into the 4G LTE smartphone market is expected to come […]