Apple without Steve Jobs and release of iphone 6

Pressed on all sides to launch the new product “hit”, Apple won a little time due to releasing large quarterly profits thanks to strong iPhone sales and deciding to reward its shareholders.

During the three months ended in late March, which correspond to the second quarter of fiscal year, the Apple brand has managed to somewhat muted doubts about the lost momentum.

Apple has elapsed 43.71 million iPhone . This is 6,000,000 more than the same period a year ago and more than 38.2 million which financial analysts expected. This increase in performance is due to its partnership with the biggest Chinese telecom operator, China Mobile, which began selling its line of smartphones in January. There Apple has recorded its best quarterly iPhone sales .

“The addition of China Mobile, coupled with a strong demand for iPhone 4 cheaper prices , has led to record sales in China,” says the CEO Tim Cook.

Ahead in this highly competitive niche by South Korea’s Samsung , Apple claims to have regained some ground lost in the BRIC (Brazil, Russia, India and China), France , Germany , the United Kingdom and the United States. The group , however, did not give detailed figures.

Apple sold 3 million iPads worldwide, which is less than the second quarter of 2013.

The IT group has managed to avoid its first drop in sales for 11 years, which was expected in the market. Turnover totaled 45.64 billion dollars, up 4.7% year on year. The group expects sales from 36 to 38 billion in revenue for the next three months, a range consistent with market expectations.

Net income totaled $10.2 billion (+7.1%), a result excluding special items, reference to U.S. investors, U.S. $ 11.62 , $1.44 higher than market expectations .

What about after the iPhone?

Group not only increased the quarterly dividend 8% , but it has decided to raise 30 billion, 90 billion, through its share buyback program, a way to share with shareholders the big war chest ($159 billion), which is sitting in Apples bank accounts. 

The effect was immediate. Billionaire and activist investor Carl Icahn, who was one of the first critics of the leadership, said he was “satisfied”. “We will also be happy when we see new products,” he added on his Twitter account.

Apple also announced that it will divide the shares by seven, the purpose of “the split is to make it easy for small investors to participate,” said Mr. Cook.

The new shares will start quoting from 9 June, the group said without elaborating.

These ads are “sufficient to buy Apple stock ,” said the firm Jefferies in a note .

After being temporarily suspended , the action jumped 7.50 % to 564.10 dollars to 9:15 p.m. GMT in electronic trading on the New York Stock Exchange .

But in a context of slowing growth in smartphones, Apple haunting issue for several months remains : when will the next revolutionary product that will take over from the iPhone as locomotive profit?  Can Apple do without the vision of Steve Jobs, will the new products be as slick as what were produced under the guidance of Jobs?

The answer “We have beautiful products in development, which I am very proud off and for which I am very excited,” assured Tim Cook, who succeeded the charismatic founder Steve Jobs.

What will it be, iPhone 6, iWatch or iTV? Mr. Cook has not given any indication , referring only to “future iPads.”

“The most important thing now is the launch of the iPhone 6 and a new range of products such as iWatch ,” argues Brian White , an analyst at Cantor Fitzgerald.

When will iphone6 come out? Your guess is just as good as mine. Apple and Tim Cook are staying tight lipped about it.  Only the future will tell if Cook will have the Job (will out do Steve Jobs) at Apple or not.

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Posted by Kiran Chaudhary on Apr 24 2014. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.