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Daily Update for January 24, 2012
TUAW - Wed, 2012-01-25 02:45
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world.
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Daily Update for January 24, 2012 originally appeared on TUAW - The Unofficial Apple Weblog on Tue, 24 Jan 2012 21:45:00 EST. Please see our terms for use of feeds.
Tim Cook to hold January 25 'Town Hall' meeting with Apple employees
TUAW - Wed, 2012-01-25 02:30
Apple CEO Tim Cook has scheduled a "Town Hall" meeting with Apple's employees to "review our record-setting results and discuss some exciting new things going on at Apple." The meeting will take place at 10 AM Pacific on January 25, and those employees unable to attend in person will be able to watch the event remotely via Apple's internal AppleWeb service.
It should be stressed that it is virtually certain no product announcements will be made at this town hall meeting. Past meetings that Steve Jobs led focused on the company's overall strategy, and they were occasionally an arena for some choice words about Apple's competitors from the former CEO. This latest town hall meeting will likely focus on congratulating Apple's employees for the phenomenal results of the last fiscal quarter.
The event was brought to 9to5 Mac's notice barely 18 hours before it's scheduled to take place, so it seems to have been assembled on quite short notice. This isn't unusual, however; previous town hall meetings within Apple following the introduction of the iPad and shortly before the original iPhone's launch happened on similarly short notice.
Tim Cook to hold January 25 'Town Hall' meeting with Apple employees originally appeared on TUAW - The Unofficial Apple Weblog on Tue, 24 Jan 2012 21:30:00 EST. Please see our terms for use of feeds.
iCloud now has 85 million users
TUAW - Wed, 2012-01-25 01:00 In its recent conference call discussing its record-smashing financial results, Apple revealed that its cloud syncing service, iCloud, currently has 85 million users signed up. iCloud debuted alongside the iPhone 4S and iOS 5 as a free-of-charge replacement for Apple's old MobileMe service, and its growth over the past three months has apparently been explosive; during the same period, iCloud signups exceeded unit sales of Macs, iPods, iPhones, and iPads combined.
Apple has called iCloud part of its "strategy for the next decade," and as an iCloud user myself I can see why. The cloud syncing service runs much faster and much more seamlessly than MobileMe ever did, and it's very hard to argue with the price: $0 gets your email, calendars, contacts, and documents synced across all your devices with almost zero effort.
iCloud now has 85 million users originally appeared on TUAW - The Unofficial Apple Weblog on Tue, 24 Jan 2012 20:00:00 EST. Please see our terms for use of feeds.
What's Apple going to do with $97 billion in cash?
TUAW - Wed, 2012-01-25 00:30
During its earnings conference call, Apple confirmed the company is sitting on a treasure chest of US$97.6 billion. This stack of cash is steadily growing, up from $81.6 billion at the end of the September quarter. With all that money in the bank, you can't help but wonder... what's Apple going to with it all?
Rather than sitting idly in the bank, Apple said it's "actively discussing the best use of its cash," which could be a hint it's looking at strategic acquisitions. Neither CEO Tim Cook nor CFO Peter Oppenheimer would comment specifically on any acquisitions or what other plans Apple had for this cash. The only straight answer was that Apple, in the past, has spent its cash wisely and will continue to spend it wisely in the future.
Apple has a long history of quietly acquiring companies and adding their talent to Apple's hardware and software teams. In past few years, the company has acquired mapping company Placebase, 3D-map maker C3 Technologies and online music service LaLa. It recently scooped up voice control software Siri and flash memory maker Anobit.
If Apple does use some of its reserves to acquire new technology, which company will be next? Besides improving its Numbers app, what else could Apple do with its money?
What's Apple going to do with $97 billion in cash? originally appeared on TUAW - The Unofficial Apple Weblog on Tue, 24 Jan 2012 19:30:00 EST. Please see our terms for use of feeds.
Apple TV: $140 million worth sold in three months, but still a 'hobby'
TUAW - Wed, 2012-01-25 00:00 During the most recent conference call discussing Apple's quarterly results, Apple's executives did something highly unusual and divulged actual sales figures for the Apple TV. Responding to a question about Apple's future plans for the TV-centric device, Apple dodged the question (as is typical when it's asked to speculate on unreleased products), and said it still classifies the Apple TV as a "hobby."
That hobby still turns out to be pretty lucrative for Apple, though. Apple sold 2.8 million units during the 2011 fiscal year -- a low number compared to sales of its other devices, but the US$99 product still added $280 million or so in revenue for the year. Nothing to sneeze at. According to Tim Cook, however, Apple's sales of the device for its most recent quarter totaled 1.4 million, so even though the device hasn't been updated in quite some time, demand for it remains steady.
Apple is in a very interesting position where it can consider a device that brought in $140 million in revenue over three months a "hobby." Cook and the other execs on the call gave no indication that the Apple TV would be updated in the near future, so the Apple HDTV remains 2012's Little Rumor that Could.
Apple TV: $140 million worth sold in three months, but still a 'hobby' originally appeared on TUAW - The Unofficial Apple Weblog on Tue, 24 Jan 2012 19:00:00 EST. Please see our terms for use of feeds.
Tim Cook: Tablet market will eventually exceed PC market
TUAW - Tue, 2012-01-24 23:30
As part of today's earnings call, Apple CEO Tim Cook said he believes tablets will eventually eclipse PCs.
"I believe there will come a day when tablet market by unit is larger than the PC market," he said.
Cook emphasized that Apple would continue to be innovative in the tablet market, and that people want to do multiple things with them. He added that Apple does not see tablets such as iPads being in the same category as devices such as the basic Kindle and Nook. "People who want an iPad will not settle," Cook said.
A recent report from the Pew Research Center shows that the number of adult Americans who own tablets leaped from 10 percent to 19 percent over the holiday season. While Pew cited the Kindle Fire and Nook Tablet being behind the ownership surge, Apple selling 15.43 million iPads in the previous quarter certainly contributed to this as well.
As Apple continues to do more with the iPad, and whatever successors it has, it's not hard to believe that Cook's predictions will come to pass within the next few years. (It's already coming true for Apple -- the iPad outsold all Macs combined by nearly three to one last quarter. --Ed)
Tim Cook: Tablet market will eventually exceed PC market originally appeared on TUAW - The Unofficial Apple Weblog on Tue, 24 Jan 2012 18:30:00 EST. Please see our terms for use of feeds.