Apple’s Q3 2012: $35B In Revenue, Net Profit Of $8.8B, Earnings Of $9.32 Per Share

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Apple has just released its fiscal Q3 2012 earnings, and the Cupertino-based company reported revenues of $35 billion (compared to $28.6 billion in the year-ago quarter and $39.2 billion in Q2 2012) and quarterly net profit of $8.8 billion (compared to $7.3 billion in the year-ago quarter and $11.6B in Q2 2012). All that breaks down to earnings of $9.32 per diluted share.


During the days leading up to the release, analysts expected to see Apple rake in revenues of about $37.4 billion, with earnings of roughly $10.38 per share. Apple also reported gross margins of 42.8% (compared to the impressive 47.4% figure the company revealed last quarter) and noted that a full 62% of the quarter’s revenues were thanks to international sales.


Apple also announced that the company would be issuing a cash dividend of $2.65 per share of common stock.


For what it’s worth, Apple managed to blew past their own forecasted expectations ($34 billion in revenues, with earnings of at least $8.68/share). That’s not much of a surprise though, as Apple has historically tended to low-ball its quarterly performance estimates. To continue that tradition, Apple CFO Peter Oppenheimer offered up yet another conservative forecast at the end of the release — according to him, Apple expects Q4 revenues of about $34 billion “and diluted earnings per share of about $7.65.”


Apple’s hardware sales contributed quite a bit to its performance this quarter, though one device in particular was picking up most of the steam. As rumors of a heavily-redesigned iPhone continue to swirl and consumers settle in for the wait, analysts also predicted that the company would report lower iPhone sales figures. Again, not much of a shock since Apple’s newest iPhone has been on the market for nearly a year now, but the consensus among analysts was that Apple would sell about 29 million iPhones.


It turns out that the number was indeed down compared to Apple’s strong first and second quarters — the company only reported 26 million iPhones sold. That said, Apple managed to move plenty of iPads over the past three months thanks to the introduction of the Retina-friendly model prior to beginning of the quarter and the accompanying price drop for the iPad 2. Estimates pegged the Cupertino company as selling roughly 15.7 million iPads, but Apple reported an impressive 17 million iPads sold.


Perhaps due to some (warranted) trepidation ahead of the release, Apple’s stock closed at $600.92 today, down 0.48% from when the market opened this morning. As usual, Apple will be holding a conference call to discuss its financial performance at 2:00 p.m. PT/5:00 p.m. ET. We’ll be live blogging the whole thing, so stay tuned for more as it happens.


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Kickstarter: Meet The Vers 1Q, A Stunning 2-inch Battery-Powered Bluetooth Speaker

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I’m in absolute love. From the gorgeous wood cabinet to the technical capabilities, the little Vers’ 1Q is simply perfect. The $ 120 price ($ 99 for Kickstarters) is just icing on the cake. It’s rather refreshing to see a warm, nearly alive device in our world that’s generally filled with modeled plastic and faux chrome trim.

Simply put, the 1Q is a battery-powered Bluetooth speaker. A 2-inch driver provides the audio while, packed inside the walnut or bamboo casing, a 6.5W amp powers the audio provided from either Bluetooth or the 3.5mm jack. The included battery charges via microUSB and should last 10 hours on a charge. What more can you ask for from a small speaker?

As shown by the pictures, the whole package is of a modest size. It fits in the hand, yet the creator brags that it “can easily deliver enough sound to fill some pretty large spaces.” Since it works with Bluetooth or an aux input, it should work with nearly every device.

This isn’t Vers’ first consumer electronic device. The company already sells the Vers 1.5R radio/alarm, Vers 1E ear buds, and iPhone/iPad cases — all out of bamboo and walnut.

The project is already funded on Kickstarter but they are still taking orders for 18 more days. Pledge $ 95 for a 1Q made out of either bamboo or walnut. Or, pledge $ 30 for the limited edition red beech edition. Best yet the Vers promises these things will be delivered well before the holidays.




TechCrunch » Gadgets

Kickstarter: The RollPro III Is A Must-Have GoPro Camera Storage Case

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I’m a GoPro fanboy. It’s an amazing camera born from an even more amazing American company. But, as any GoPro owner quickly discovers, the camera demands all sorts of accouterments and add-ons. Mine are stored in a large camera bag with different parts haphazardly thrown into a different compartments. It’s essentially a grab bag of GoPro parts. Clearly I’m not alone. Riseful’s Kickstarter campaign for the RollPro III tackles this problem with an age-old design.


The RollPro III is a simple but seemingly effective GoPro roll up organizer. Everything has a spot in the roll-up case from the mounts to the backplates to the cameras themselves. Made out of industrial grade marine fabric, it can hold three cameras and most of their accessories; it seems to hold everything but the large suction mounts. Then, once everything is safely stashed away in their separate compartments, the whole thing neatly rolls up.


The company is looking to raise a modest $10,000 on Kickstarter and they’re almost there. As of this post’s writing, the project is $500 shy of their goal with 16 days remaining on the campaign. Pledge $59 or more to pre-order the case and help make it a reality.


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Google Affirms The Nexus 7′s Main Fault With This Adorable Commercial

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The Nexus 7 is a fantastic tablet — for the price. To me and many others its only downside is lack of built-in wireless data connectivity. It can only connect to the Internet’s tubes through WiFi.

Google apparently agrees. I won’t spoil the cute commercial but let’s just say the dad isn’t using a WiFi hotspot to entertain his son.

With WiFi hotspots, phone apps, and USB modems, there are a ton of ways to feed a tablet or computer wireless data while on the go. But none are as seamless or efficient as a built-in solution. Requiring another device adds another potential point of failure.

Still, even though the Nexus 7 is only WiFi-only, it’s still an amazing tablet that’s totally worth its price. But I wouldn’t buy it. I’m spoiled by a Verizon iPad and, before it, a first-gen Xoom. I simply cannot imagine owning a tablet that requires another device to connect it to the Internet. I mean, I really don’t want to bring my phone along on a camping trip, but a tablet is a must-have to keep the kids entertained. What else are they going to do camping? Get dirty and have fun? Pssh. It’s Kingdom Rush time!


TechCrunch » android

The Tombox Is A Beautiful Retro Speaker Stuffed With Modern Conveniences

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It can be argued that today’s modern electronics lack the soul found in older devices. There was a time that a radio felt nearly alive thanks to its glowing inner tubes and wooden casing. But now, with printed circuit boards and mass produced plastic casings, electronics feel dead, disposable and down right stiff.

Tombox speakers are a bit different. Using repurposed vintage electronics, these speakers combine the warm feeling of older electronics with features of a modern kit — think steampunk without the gaudy nonsense.

There are a 10 models in this company’s collection, each with a 3.5mm input. The best looking model, the tombox 145 (top), is already sold. Since these are one-off products, they’re gone when they’re gone. The tombox 144 (below) is another good bet. Or, if you need something larger, the company also sells large floor models complete with casters and a large leather strap for wheeling it around a room.

Prices are bit rough with models starting out at 190 EUR. Worse yet, it’s rather difficult to give this company your money as the buy button links to an email account. But never mind those trivial features, these radios and large speakers restore my faith in design by ironically rehashing older designs.


TechCrunch » Gadgets