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Apple Reports Third Quarter Results
Well, it’s about that time of the year. And, while Apple’s busy releasing all sorts of hit products like the iPad and iPhone 4, it’s about time to figure out how much they’ve actually made over the last few months. Today, Apple finally unveiled their official third quarter results, which equals one full quarter with the iPad out in the world. And, believe us when we say that the iPad’s made a big dent in the market (and a very good bulge in Apple’s wallet).
Apple managed to sell 3.47 million Macs in this quarter, which is a 33 percent increase versus last year. And that also means that it’s a new quarterly record for the Cupertino-based company, too. As for iPhones, they sold 8.4 million of those, which is a 61 percent increase over last year. 9.41 million iPods were sold in the quarter, and that marks an 8 percent decline from last year.
However, the heavy hitter is the new one on the stage. The iPad, which Apple began selling this quarter, managed to fly off the shelves, reaching 3.27 million customers since its debut. “It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,” said Steve Jobs, Apple’s CEO. “iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year.”
Apple Reports Third Quarter Results
All-Time Record Revenue Earnings Increase 78 Percent
“It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple’s history with iPhone 4,” said Steve Jobs, Apple’s CEO. “iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year.”
“We’re really pleased to have generated over $4 billion of cash during the quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter of 2010, we expect revenue of about $18 billion and we expect diluted earnings per share of about $3.44”
Apple will provide live streaming of its Q3 2010 financial results conference call beginning at 2:00 p.m. PDT on July 20, 2010 at chúng tôi This webcast will also be available for replay for approximately two weeks thereafter.
More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the SEC, including the Company’s Form 10-K, as amended, for the fiscal year ended September 26, 2009, its Forms 10-Q for the quarters ended December 26, 2009 and March 27, 2010, and its Form 10-Q for the quarter ended June 26, 2010 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
© 2010 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS, Macintosh and iPhone are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
You're reading Apple Reports Third Quarter Results
TechTarget, Inc. (NASDAQ: TTGT) today announced financial results for the first quarter ended March 31, 2008. Total revenues for the first quarter increased by 30% to $23.9 million compared to $18.3 million for the comparable prior year quarter. Online revenues increased by 38% to $18.9 million and represented 79% of total revenues. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization, as further adjusted for stock-based compensation) increased by 24% to $3.6 million compared to $2.9 million for the comparable prior year quarter.
“We continue to execute well against the big opportunity in our market as evidenced by our online revenue growth of 38% in the quarter,” said Greg Strakosch, Chairman and CEO of TechTarget. ”The migration of marketing dollars to targeted, online products that deliver measurable ROI is continuing to fuel our growth. “
Total gross profit margin for the quarter was 68% compared to 67% for the comparable prior year quarter. Online gross profit margin for the quarter was 73% compared to 74% for the comparable prior year quarter.
Net loss for the quarter was $112,000 compared to net income of $317,000 for the comparable prior year quarter. The decrease in net income is primarily attributable to increases in stock-based compensation expense and the amortization of intangible assets expense. Adjusted net income (net income adjusted for amortization and stock-based compensation, as further adjusted for the related income tax impact) increased by 54% to $1.9 million compared to $1.2 million for the comparable prior year quarter. Loss per basic share for the quarter was $0.00 compared to net income per basic share of $0.01 on a pro forma basis for the comparable prior year quarter. Adjusted net income per share (adjusted net income divided by adjusted weighted average diluted shares outstanding) for the quarter was $0.04 compared to $0.03 on a pro forma basis for the comparable prior year quarter. As of March 31, 2008 TechTarget had $60.4 million of cash, cash equivalents and short term investments, and bank debt of $5.3 million.Recent Company Highlights
Launched two new websites in the Storage market:
TechTarget was named by The Boston Business Journal as one of the 2008 Top 20 Best Places to Work, in the Large Companies category, for the Greater Boston Area. This is the third time TechTarget has been recognized by the publication. Other companies on the list include: Genzyme, Digitas, Vertex Pharmaceuticals, KPMG LLP and Comcast.
Held the TechTarget Online ROI Summit ‘08 East in Boston. Hundreds of customers and prospects attended the event to learn the best ways to measure and improve the ROI of their online marketing investments. Attendees included representatives from AMD, CA, CDW, EMC, Google, HP, IBM, Iron Mountain, McAfee, Microsoft, Motorola, Novell, Pitney Bowes and Sun Microsystems.Financial guidance
In the second quarter of 2008, the Company expects revenues to be within the range of $30.4 million to $31.6 million and adjusted EBITDA to be within the range of $8.6 million to $9.4 million.
Annual guidance is unchanged from the Company’s guidance provided in the February 13, 2008 earnings release. For the fiscal year 2008, the Company expects revenues to be within the range of $118.0 million to $122.0 million and adjusted EBITDA to be within the range of $33.0 million to $35.0 million.Conference Call and Webcast Non-GAAP Financial Measures
This press release and the accompanying tables include a discussion of adjusted EBITDA, adjusted EBITDA Margin, adjusted net income and adjusted net income per share, all of which are non-GAAP financial measures which are provided as a complement to results provided in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The term “adjusted EBITDA” refers to a financial measure that we define as earnings before net interest, income taxes, depreciation, and amortization, as further adjusted for stock-based compensation. The term “adjusted EBITDA Margin” refers to a financial measure which we define as adjusted EBITDA as a percentage of total revenues. The term “ adjusted net income “ refers to a financial measure which we define as net income adjusted for amortization and stock-based compensation, as further adjusted for the related income tax impact for the specific adjustments. The tax rates used in the reconciliation represent the Company’s forecasted effective tax rate excluding discrete tax items, such as non-disqualified dispositions, occurring in the respective periods. The term “adjusted net income per share “ refers to a financial measure which we define as a djusted net income divided by adjusted weighted average diluted shares outstanding. These Non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. In addition, our definition of adjusted EBITDA, adjusted EBITDA Margin, adjusted net income and adjusted net income per share may not be comparable to the definitions as reported by other companies. We believe adjusted EBITDA, adjusted EBITDA Margin, adjusted net income and adjusted net income per share are relevant and useful information because it provides us and investors with additional measurements to compare the Company’s operating performance. These measures are part of our internal management reporting and planning process and are primary measures used by our management to evaluate the operating performance of our business, as well as potential acquisitions. The components of adjusted EBITDA include the key revenue and expense items for which our operating managers are responsible and upon which we evaluate their performance. In the case of senior management, adjusted EBITDA is used as the principal financial metric in their annual incentive compensation program. Adjusted EBITDA is also used for planning purposes and in presentations to our board of directors. Adjusted net income is useful to us and investors because it presents an additional measurement of our financial performance, taking into account depreciation, which we believe is an ongoing cost of doing business, but excluding the impact of certain non-cash expenses and items not directly tied to the core operations of our business. Furthermore, we intend to provide these non-GAAP financial measures as part of our future earnings discussions and, therefore, the inclusion of these non-GAAP financial measures will provide consistency in our financial reporting. A reconciliation of these non-GAAP measures to GAAP is provided in the accompanying tables.Forward Looking Statements
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A fresh round of quarterly results and market research this week show some shadows over the networking and component markets while smartphones, as usual, were the stars of the tech arena.
The biggest disappointment of the week came from Cisco Systems, which Wednesday reported a year-over-year decline in profit and sales and offered a gloomy forecast for the current quarter. For the three-month period ending in October, Cisco reported net income of $2 billion, down 4.6 percent from a year earlier, while sales edged up by 1.8 percent to $12.1 billion. Company executives said they expect revenue this quarter to decline between 8 percent and 10 percent from a year earlier.
Several problems hit Cisco during the quarter, executives said. In emerging markets, sales declined. Concerns about surveillance in the wake of revelations about the U.S. National Security Agency may have had some impact on sales, particularly in China, company officials said.
Economic uncertainty as Europe still struggles with recession also played a part in the weak results, officials said. Part of the disappointing quarter, however, was due to Cisco’s transition to a new line of carrier network equipment, which has put a damper on orders, company executives acknowledged.
Hosting company Rackspace reported that quarterly profit was $389 million, up a solid 16 percent year over year, but profit plummeted 40 percent to $16 million. The culprit for the decline in profit was increased capital expenditures, which company executives said were necessary to achieve a fast, global rollout of what it calls its “performance cloud.”
Several analysts said the additional expenditures make sense. “We believe it is clear that additional investment is required to again stimulate growth in the newest segment of the business,” said Canaccord Genuity analyst Greg Miller in a research note.
Applied Materials, often seen as a bellwether for the components market since it is a provider of chip-making equipment, announced that quarterly sales were fairly flat year over year, rising from $1.65 billion to $1.99 billion, while profit rose to $183 million from a loss the year earlier. The results appear to be positive especially since the company may be facing weakening demand for NAND components.
The global NAND flash memory market is decelerating in the second half of the year as demand diminishes for local data storage in smartphones and tablets, due in part to the rise of cloud-based services, according to a report from IHS. The market research company said that preliminary estimates show that total NAND shipments were estimated to have grown 8 percent in the third quarter, down from 9 percent in the second quarter.
For the fourth quarter, NAND shipments will expand by an even lower 5 percent, down sharply from the 16 percent rise seen in the fourth quarter of 2012, IHS said.
“Streaming media options and free cloud storage are diminishing the prospects for increased NAND usage in smartphones,” analyst Ryan Chien said in the report. “This is true for all three major mobile operating systems—Apple’s iOS, Google’s Android and Microsoft’s Windows Phone. With less need to store data in local devices, the requirement for greater storage is reduced.”
The quarterly Ericsson Mobility Report, meanwhile, showed that smartphone take up is staying strong worldwide. Total mobile subscriptions through the third quarter year totaled about 6.6 billion, including 113 million subscriptions added during the third quarter, according to the report.
Worldwide subscriptions have continued to increase 7 percent year-over-year, the report said.
Smartphone sales as a percentage of all mobile device sales have been booming, according to the report. Smartphones accounted for about 55 percent of all mobile phones sold in the third quarter, compared to around 40 percent in the full year of 2012.
Smartphone uptake “doesn’t show any sign of slowing down,” according to the report. “Of all mobile phone subscriptions, 25-30 percent are associated with smartphones, leaving considerable room for further uptake,” the report said.
On its part, IDC said that Google’s Android OS reached a milestone during the third quarter. With 211.6 million smartphone units shipped during the quarter, Android accounted for 81 percent of all smartphone shipments, marking the first time that Android topped 80 percent market share.
Apple’s iOS took 12.9 percent market share while Windows phone came in third place with 3.6 percent, IDC said. Total smartphone shipments increased 39.9 percent to 261.1 million units. Windows phone shipments skyrocketed 156 percent, albeit from a much lower base than Android or iOS.
“Android and Windows Phone continued to make significant strides in the third quarter. Despite their differences in market share, they both have one important factor behind their success: price,” wrote Ramon Llamas, in the report. “Both platforms have a selection of devices available at prices low enough to be affordable to the mass market, and it is the mass market that is driving the entire market forward.”
iPhone 13 survey suggests Apple faces a bumper quarter
Apple’s iPhone 13 launch may be tipped to refine rather than revolutionize the company’s current iPhone 12, but according to a new survey of purchase intent that may not stop a bumper crop of sales. The iPhone 13 series is expected to be revealed in September 2023, with numerous leaks outlining just what may be changing – and what could be staying the same.
With the iPhone 12 debuting 5G across the four-strong lineup, along with a new design language, the next-generation iPhone is generally expected to be relatively moderate in its upgrades. Apple is said to be focusing on a handful of key improvements, including changing the display so that it features a smaller notch and a higher refresh rate.
Inside, meanwhile, is likely to be a new chipset. If the existing naming pattern holds true, that’s probably going to be the Apple A15, given that the A14 Bionic is found in the iPhone 12 today. Plenty of attention is likely to be paid to just what sizes of iPhone 13 end up most popular, given Apple is believed to have been left disappointed by underwhelming demand for the smallest iPhone 12 mini so far.
According to a survey by phone retailer SellCell, that trend in device size looks set to continue for the iPhone 13 family. Based on an online survey of 3,000+ iPhone owners – aged 18 year or older, and based in the US – it found that more than 43-percent of iPhone users intend to upgrade to the iPhone 13 later this year. Of that group intending to upgrade, however, only 7-percent said they were interested in an iPhone 13 mini.
Instead, it’s the iPhone 13 – successor to the iPhone 12 – which appears most of interest, with over 38-percent. The flagship iPhone 13 Pro Max follows that, with almost 31-percent. Finally, the iPhone 13 Pro was the pick of 24-percent of respondents.
As for why an upgrade is so appealing, display tech rules the roost. Most popular among the rumored specifications is a higher refresh rate for the display, with a 120Hz panel tipped. As on the iPad Pro, Apple is likely to brand that as ProMotion, and 22-percent of people surveyed cited that as their primary reason for considering a purchase.
Over 18-percent said they were motivated by in-display Touch ID, though in fact that’s not now believed to be a part of the iPhone 13. Instead, Apple is tipped to have that fingerprint tech planned for the iPhone 14 in 2023.
16-percent of respondents said an always-on display was their first interest, while almost 11-percent said that either a notch-free display, or at least one featuring a smaller notch, was their main priority. Apple is believed to be at least trimming the size of that cut-out for the iPhone 13, using a more compact TrueDepth camera array in the process.
Other factors cited included more storage space – and talk of a 1TB iPhone 13 option – and a bigger battery, while only 6.6-percent of respondents chose improvements in camera tech as their main interest. Despite rumors that Apple is progressively shifting toward a completely port-free design, replacing the Lightning cable with wireless charging, that appears to have been a relatively unpopular move. Less than 1-percent of respondents to the survey said that they would be motivated to buy by such a shift.
As always, there’s no telling exactly what Apple will – and won’t – include in the new iPhone until it announces it on-stage. Although a global pandemic, semiconductor supply chain challenges, and other issues could realistically be expected to undermine sales, iPhone 12 demand has been impressively high in Apple’s last few financial quarters. Although the company does not break out sales by individual variant or screen size, net sales for iPhone rose by more than $13 billion compared to the same quarter a year prior in Q3 2023.
We may still see a so-called “Kindle Phone” from Amazon before 2012 is out, according to a new report.
Talk of an Amazon phone has been circulating for some time, ever since the online retailer began selling smartphone apps for Android phones in early 2011. Citigroup analyst Mark Mahaney followed this in November with a claim based on checks with component suppliers in Asia that Amazon would produce a smartphone. Now, Bloomberg on Friday added to the “Kindle Phone” speculation with a report that Amazon is working with hardware maker Foxconn to create a new handset.
The latest report from Bloomberg is short on details about what Amazon’s purported Kindle Phone would look like. Previous claims said the device would run a Texas Instruments OMAP 4 ARM-based processor and be priced around $200. It’s unclear what display size would be on the rumored Kindle Phone.Kindle Smartphone: Content King
The notion that Amazon would move into the smartphone business can hardly be considered a surprise. Amazon already has many of the pieces in place to offer a handset with a supporting app and entertainment content ecosystem. The online retailer has a wide selection of movie and television episodes available for rent or purchase, a massive e-book selection, and, of course, apps through the Appstore for Android. Add to that mix Amazon’s popular Prime membership that offers discounted shipping rates on chúng tôi purchases, free e-book loans, and free TV and movie streaming, and it’s pretty clear the only thing Amazon is missing is a handset.
The recent Bloomberg report doesn’t mention what operating system the device would run. Presumably, Amazon would adopt the same strategy with a phone it took with the Kindle Fire tablet. That is, take an open source version of Google’s Android mobile OS and redesign it to fit Amazon’s needs. The Kindle Fire firmware is based on a version of Android 2.3 (Gingerbread). Google in November released the source code for Android 4.0 Ice Cream Sandwich, so perhaps an Amazon phone would use this newer version of Android.Forked Android Smartphone
If Amazon does offer a phone, the company will have to differentiate itself from the legions of Android phones, upcoming Windows Phones, and the iPhone. An Amazon phone may also have to contend with cheaply priced devices running Firefox OS, and perhaps new BlackBerry devices. One way Amazon could offer something unique is to again copy the Kindle Fire strategy and offer a Kindle phone that is simply an easy-to-use buying machine for Amazon content.
The problem, however, is that a phone is not as ideal for content consumption as a 7-inch tablet like the Fire. So another option would be for Amazon to offer unlocked and contract-free devices that could run on any compatible network. But for this to work in the U.S., where a rumored Kindle Phone would be virtually guaranteed to launch first, Amazon would have to offer cheap devices.
Few American mobile subscribers are interested in forking over upwards of $500 to $700 for a smartphone that will be outdated in less than three years, as Google found out with the Nexus One. But if Mahaney’s claim from November is correct, and Amazon plans on selling its device around $200, that just might be the right price point to start a contract-free revolution among U.S. smartphone users.
In addition to creating its own smartphone, Amazon is reportedly looking to buy up available wireless patents to protect itself from competitor lawsuits, a common practice among smartphone vendors.
Connect with Ian Paul (@ianpaul) on Twitter and Google+, and with Today@PCWorld on Twitter for the latest tech news and analysis.
Most of the motherboards have integrated graphics that are capable to run double monitor setups. While you are using a third monitor, you may receive a third monitor not detected message.
To choose a suitable monitor for you is dependent on various factors like your desk size, the work for which you need the monitor, etc.
A proper configuration of Windows is very essential for multiple monitors.
The rapid growth and popularity of the gaming industry have initiated the use of three monitor setups.
Read More: Clear Multiple Monitor Configuration
We have shown a VIDEO walk through at the end of the post for easy solution.
Some users have reported that you can easily tackle the problem by changing the project mode.
You may face another kind of problem when the monitor is detected but nothing is displayed.
There are several other connectivity issues that we are going to deal with through this column. Please follow the potential fixes mentioned to circumvent the problem.
Reinstalling your monitors is a very effective technique to fix the third monitor not detected in windows 10 related issues. Make sure you set up the monitors one by one this time.
Several technical problems may occur when you use multiple DVI for displaying ports.
Go to the Advanced Display Settings Window and unplug each monitor in the recommended order and then plug back accordingly.
Auto Detect will locate your third monitor after a few attempts.
When you suffer from windows 10 won’t detect the third monitor, change the status of the said monitor by making some changes in the control panel.
Here I am describing a procedure to do so. Follow the steps:
Step 1: Go to the Start Button and move on to the Control Panel.
Step 2: Then choose Display Option and then select the Change Display Settings option.
Step 3: Now, choose the Monitor that is having a problem. Next, find the Extend Desktop To This Display option and hit the button. Hope this will resolve your third monitor related problem.
This is the easiest step you may apply to solve the issue. Just run Windows Update and check for all the latest available updates for your Windows.
Some users have reported that after installing them all, their problem while adding a third monitor windows 10.
All you need to do is press Windows Key + R and type settings:windows update . Then hit the Enter button to finish the process.
Or you may automatically get the latest Windows 10 updates installed from Settings. You will find an option to Check For Updates there.
There may be corruption in the drivers, or they may need an update. So, remember to re-check your drivers as this can cause you a lot of problems with your system.
GeForce graphics cards often give you trouble with the triple monitor set up.
Besides having a problem with the monitor set up, drivers can generate other problems too.
We recommend you install the latest drivers available. Follow the steps mentioned below to accomplish the task:
Step 1: First of all, you need to search for the model of the wireless adapter you are using.
Step 2: Then visit the official website of NVIDIA from there you need to download the latest driver required as per your model.
Then proceed for the installation of the driver.
Step 3: It is a bit tiring job to download the drivers manually. So, remember to check the specific model of your device.
You may also take the help of a third-party tool for downloading and installing the drivers instantly.
Now check whether this solves the problem with the third monitor.
You may need to manually set up your display so that you can choose the correct settings.
From the control panel of NVIDIA, you can make a few changes to do it. Follow the steps given below to execute the process.
Step 2: From the Control Panel, select Set Up Multiple Displays. You need to check the boxes for the specific monitors you wish to use.
Step 3: Now, save the changes made and give your system a fresh restart.
Step 4: Now, verify whether all the monitors that you have selected are working.
Solution 6: Disable The Integrated Graphics Card
By disabling the Integrated intel card you can fix the problems while adding a third monitor windows 10.
Trying to disable the Integrated graphics card is another adequate solution.
There may be conflicts between the primary graphics card and the integrated graphics card. This hardware conflict may lead to various problems in turn.
For disabling integrated graphic card follow the steps mentioned below:
Step 1: Select Windows + R and this will open the Run box. Now input chúng tôi and then hit the Enter button.
Step 2: When you will open the Device Manager, choose the arrow beside the Display Adapters.
Step 4: Now connect the third monitor again and check whether there is any improvement.
This process of changing the project mode can easily fix the problems relating to the third monitor. Follow the process mentioned in details to execute the task:
Step 1: Select Windows + P keys together and choose the PC Screen Only.
Step 2: Now, get all the external monitors disconnected unplugging the associated cables.
Step 3: Switch off your system and then connect the monitors once again.
Step 4: Again turn on your PC and select the Windows key +P and then Extend it.
Step 5: Check whether the third monitor is working. If the problem persists, enable the Set Up Multiple Displays For Nvidia Graphic Cards.
So, I hope by now, you can find out a suitable solution if got annoyed when the third monitor is not detected.
Feel free to shoot us a mail with your ideas or suggestions. We always look forward to hearing back from you.
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