Tag Archives: aapl

GT Advanced Technologies Settles Dispute With Apple

GT Advanced Technologies has reached a settlement agreement with Apple (AAPL) under which GT will exit the sapphire glass manufacturing business and pay back Apple for the money it was advanced. GT Advanced filed for Chapter 11 bankruptcy protection on Oct. 6. The Merrimack, N.H.-based company reportedly was having problems producing sapphire display covers for future iPhones and Apple Watches, and was missing milestones under its supply agreement

Apple iPod: From here to obscurity

In just nine years, Apple’s iPod business has gone from 50% of the company’s revenue to less than 1%. Apple (AAPL) late Monday reported iPod revenue of $410 million in its fiscal fourth quarter ended Sept. 27. That’s just under 1% of the company’s total revenue of $42.12 billion in the period. By comparison, iPod sales accounted for 50.5% of the company’s revenue in the first quarter of fiscal 2006. Apple’s iPod helped revive the company’s fortunes after the return of co-founder Steve Jobs as CEO. Apple launched the innovative media player in November 2001. Starting with the current quarter, Apple will no longer report iPod unit sales. Instead, iPod sales will be lumped into a new catch-all category called “Other products.” The same category will include Apple TV, accessories such as Beats headphones and speakers, and the upcoming Apple Watch smartwatch. IPod unit sales dipped 24% year over year…

6 key takeaways from Apple’s Q4 earnings report

Apple’s (AAPL) blockbuster September-quarter earnings report released late Monday bodes well for the holiday sales season, analysts say. The usually conservative Apple set a revenue target for the current quarter well above what Wall Street was modeling. Apple is shooting for fiscal Q1 sales of $65 billion at the midpoint of its guidance, compared with analyst expectations for $63.5 billion. This is only the second time in eight quarters that the company has guided above Wall Street consensus, Bernstein Research analyst Toni Sacconaghi said in a note Tuesday. “We also note that Apple has historically guided revenues conservatively, typically eclipsing or coming in at the high end of its guidance,” Sacconaghi said. Apple’s implied earnings per share of $2.31 to $2.55 for fiscal Q1 are roughly in line with analysts’ consensus of $2.40, he said. “Overall, Apple projected a very bullish tone — it dramatically accelerated its share repurchases…