Presented By Campbellsville University Graduate & Professional Studies
CUPERTINO, California—October 20, 2014—Apple® today announced financial results for its fiscal 2014 fourth quarter ended September 27, 2014. The Company posted quarterly revenue of $42.1 billion and quarterly net profit of $8.5 billion, or $1.42 per diluted share. These results compare to revenue of $37.5 billion and net profit of $7.5 billion, or $1.18 per diluted share, in the year-ago quarter. Gross margin was 38 percent compared to 37 percent in the year-ago quarter. International sales accounted for 60 percent of the quarter’s revenue.
Apple’s board of directors has declared a cash dividend of $.47 per share of the Company’s common stock. The dividend is payable on November 13, 2014, to shareholders of record as of the close of business on November 10, 2014.
“Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus,” said Tim Cook, Apple’s CEO. “With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple’s strongest product lineup ever. We are also incredibly excited about Apple Watch and other great products and services in the pipeline for 2015.”
“Our strong business performance drove EPS growth of 20 percent and a record $13.3 billion in cash flow from operations in the September quarter,” said Luca Maestri, Apple’s CFO. “We continued to execute aggressively against our capital return program, spending over $20 billion in the quarter and bringing cumulative returns to $94 billion.”
Apple is providing the following guidance for its fiscal 2015 first quarter:
- revenue between $63.5 billion and $66.5 billion
- gross margin between 37.5 percent and 38.5 percent
- operating expenses between $5.4 billion and $5.5 billion
- other income/(expense) of $325 million
- tax rate of 26.5 percent
From dishwashers with digital interfaces, to smartphone apps that can manage entire home heating systems, the shift in home appliances means that the household of tomorrow will be drastically different to that of today.
( Thanks to Pennywell for the graphic. )
This weekend I was at a friend’s wedding and during the reception there was a projection screen showing pictures from the bride and groom’s childhoods. The silly poses, unflattering haircuts, and yellowish tint of pictures taken in mid-80’s got me to thinking. Mine is the last generation who will ever have photographs like this. With the modern day of Smartphones, children today will look back on perfectly filtered images of their childhood. Those unflattering pictures will have been weeded out, deleted, and never to be seen again; well, unless you’re prestigious enough to get your iCloud hacked.
This unfortunate realization got me searching on the Internet to alternative photo options that would create authenticity of living in the moment like the faded old photographs in our family albums. I was surprised and excited to see that Polaroid still makes instant cameras that print photos the old school way. Colorful and technologically updated versions of the classic still image camera can be bought at major retailers and online coupon sites like http://www.frugaa.com/. These cameras allows one to print photos immediately and doesn’t give the modern day option of filtering or cropping out; instead, it’s about appreciating the moment and having a memento of good times.
Frugga.com also provides coupons for other photo options like more traditional digital cameras. A word of advice when it comes to consciously trying to limit yourself on editing the photo documentations of your life; allow yourself to print real images using sites like Shutterfly or Canvas Prints, all of which are currently offering coupon codes that provide free pictures just for joining their website.
Several years ago I travelled to London and relied solely on my Smartphone’s camera to document my trip. Those pictures have been trapped in my phone or uploaded to social media sites, but I don’t have them as an actual souvenir like I would if I took the trip prior to Smartphone camera advancements. Since, I’ve invested in a good digital camera and make a point to create albums of all my travels; this way, I have something to pass down to family and to show friends as a conversation piece rather than having them just scroll through my Instagram feed and “like” random pictures where I changed the color of the sky or cropped out a stranger in the background.
While we all love technology, and I won’t be giving up my iPhone anytime soon, I’m learning to not rely on editing the important moments of my life, I am learning to allow myself to be captured as I was in the first take and let those pictures be a physical part of my everyday life; that is the true meaning of #nofilter.
CUPERTINO, California—October 16, 2014—Apple® today introduced iPad Air™ 2, the thinnest and most powerful iPad® ever. Now just 6.1 mm thin and weighing less than a pound, iPad Air 2 features an improved Retina® display for enhanced contrast and richer, more vibrant colors, and better cameras for taking stunning photos and videos. Available in gold, silver and space gray, the new iPad Air 2 and iPad mini™ 3 offer Touch ID™ so users can unlock their iPad with just the touch of a finger and make purchases easily and securely within apps using Apple Pay™.¹
“iPad is a magical piece of glass that runs more than 675,000 apps specifically designed for it, and is thin and light enough that you can comfortably hold it all day; the new iPad Air 2 is packed with amazing new innovations, weighs less than a pound, and at just 6.1 mm is the thinnest tablet in the world,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “iPad Air 2 has a new Retina display with anti-reflective coating, second generation 64-bit A8X chip, all-new iSight and FaceTime HD cameras, faster Wi-Fi and LTE wireless, and includes the revolutionary Touch ID fingerprint identity sensor.”
Engineered for unmatched portability and ease of use, iPad Air 2 offers a beautiful, precision unibody enclosure of anodized aluminum for durability and a solid feel. The improved Retina display features a fully-laminated design that brings images and content closer to the user’s fingertips, resulting in an even more personal and intimate experience. A custom-designed anti-reflective coating reduces glare by 56 percent² for a clearer display in the office, the classroom or outdoors.
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CUPERTINO, California—October 16, 2014—Apple® today announced that OS X® Yosemite, the latest major release of the world’s most advanced desktop operating system, is available as a free upgrade for Mac® users from the Mac App Store?. Yosemite delivers a fresh, modern look and introduces Continuity features that make it easy to hand off activities between Mac and iOS devices and even make and receive iPhone® calls from your Mac. Yosemite also includes a new Today view, a redesigned Spotlight® and updated versions of Safari®, Mail, Messages and iTunes®.
“OS X Yosemite is the most advanced version of OS X we’ve ever built, with a brand new design, amazing Continuity features and powerful versions of the apps you use every day,” said Craig Federighi, Apple’s senior vice president of Software Engineering. “OS X Yosemite ushers in the future of computing, where your Apple devices all work together seamlessly and magically. It’s something only Apple can do, and it’s available today.”
OS X Yosemite has been redesigned with a fresh, modern look, while maintaining the power and familiarity users expect from a Mac. Streamlined toolbars make more room for your content, and use translucency to reveal additional app content as you scroll. Other translucent elements, such as window sidebars, take on the feel of your desktop picture and give you a sense of what’s hidden behind the active window. App icons have a clean, consistent design, and a new system font improves readability on every Mac and looks stunning on a Retina® display.
Yosemite includes amazing Continuity features that make your Mac and iOS devices perfect companions.* Handoff automatically passes what you’re doing from one device to another, like writing an email or surfing the web. Instant Hotspot makes using your iPhone’s hotspot as easy as connecting to a Wi-Fi network.** AirDrop® now works between Mac and iOS, so you can quickly and easily share content across devices. All the SMS messages that previously only appeared on your iPhone now can automatically appear in Messages on your Mac and all your iOS devices. You can even make and receive iPhone calls on your Mac.***
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CUPERTINO, California?October 16, 2014?Apple® today announced that customers can start making payments with the touch of a finger on Monday, October 20, when Apple Pay™ becomes available in the US. Apple Pay offers an easy, secure and private way to pay using Touch ID™ on iPhone® 6 and iPhone 6 Plus in stores and within apps. Users of the just-announced iPad Air™ 2 and iPad mini™ 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8.
“Our team has worked incredibly hard to make Apple Pay private and secure, with the simplicity of a single touch of your finger,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “The reaction to Apple Pay has been amazing. We continue to add more Apple Pay ready banks, credit card companies and merchants, and think our users will love paying with Apple Pay.”
“We are excited to make it easier and more convenient for our customers to shop at Whole Foods Market,” said Walter Robb, co-CEO of Whole Foods Market. “We are thrilled to be one of the first retailers to accept Apple Pay across all of our locations nationwide as it offers our shoppers a fast, private and secure check out option at our stores.”
Apple Pay is designed to protect the user’s personal information. It doesn’t collect any transaction information that can be tied back to a user and payment transactions are between the user, the merchant and the user’s bank. Apple doesn’t collect your purchase history, so when you are shopping in a store or restaurant we don’t know what you bought, where you bought it or how much you paid for it. Actual card numbers are not stored on the device, instead, a unique Device Account Number is created, encrypted and stored in the Secure Element of the device. The Device Account Number in the Secure Element is walled off from iOS and not backed up to iCloud®.
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CUPERTINO, California—October 16, 2014—Apple® today updated Mac® mini with the latest technologies and a new lower starting price, making Apple’s most affordable Mac an even better value. Mac mini now features fourth generation Intel Core processors, integrated graphics that are up to 90 percent faster,* 802.11ac Wi-Fi and Thunderbolt 2 and is still the world’s most energy efficient desktop.**
“People love Mac mini. It’s a great first Mac or addition to your home network, and the new Mac mini is a nice upgrade packed into an incredibly compact design,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “With the latest CPU and graphics, faster Wi-Fi, two Thunderbolt 2 ports, OS X Yosemite, and starting at just $499, the new Mac mini is the best value ever.”
The new Mac mini delivers new levels of graphics performance, expandability and connectivity. New integrated Intel HD Graphics 5000 and Intel Iris Graphics deliver up to 90 percent faster graphics performance than the previous generation.* Mac mini now includes two Thunderbolt 2 ports, each delivering up to 20Gbps of bandwidth to each port, as well as next-generation 802.11ac Wi-Fi that is up to three times faster when connected to an 802.11ac base station. Mac mini is still the world’s most energy efficient desktop, exceeding Energy Star 6.1 requirements by seven times the standard and consuming as few as 6 watts of power at idle.**
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