Apple announces record-smashing 10 million iPhone 6/Plus opening weekend sales!

When Apple sold 9 million iPhones in the opening weekend of iPhone 5S and 5C last year, it was assumed that would be the zenith; the cheaper 5C offered more opportunity, and launching in China for the first time offered untold opportunity. And then this year Apple sold 10 million iPhone 6 and 6 Plus units, with no China (yet) and a lot more cash at stake.

The report comes after Apple’s initial announcement that it had moved 4 million iPhone 6 and 6 Plus handsets the very first day. As it turns out, it almost kept that pace up through out the weekend. And that was with supply constraints. According to CEO Tim Cook:

“Sales for iPhone 6 and iPhone 6 Plus exceeded our expectations for the launch weekend, and we couldn’t be happier,” said Tim Cook, Apple’s CEO. “We would like to thank all of our customers for making this our best launch ever, shattering all previous sell-through records by a large margin. While our team managed the manufacturing ramp better than ever before, we could have sold many more iPhones with greater supply and we are working hard to fill orders as quickly as possible.”

What Apple didn’t reveal is the breakdown of unit sales between the 6 and 6 Plus, although it’s not clear how helpful it would have been if they had; the 6 Plus hit shipping delays far faster in a way that hinted more at severe supply constraints than overwhelming demand.

Still, 10 million is hugely impressive given that the phones are pricier and lack the scale of launch countries that the iPhone 5 and 5S did. We’ll see how the numbers fully shake out once Apple catches up to the demand. In the meantime, a record is a record, and it seems as though the company hasn’t lost any of its shine.

Apple Q2 2014 earnings: 43.7M iPhones, 16.3M iPads, $45.6B revenue!

As expected, Apple is out with its financial report for Q2 2014 this afternoon. In a press release issued just a few moments ago, Apple announced that it sold 43.7 million iPhones, 16.3 million iPads, and pulled in $45.6 billion in revenue during its fiscal Q2.

Other than iPad sales, Apple beat the Street estimates by a wide margin. The Cupertino company also announced an accelerated strategy for its stock buyback plans, adding an additional $30 billion to the pot (for a total of $90 billion), as well as a 7-1 stock split…

Here is the full breakdown of Apple’s Q2 earnings:

  • iPhones: 43.7 million versus 37.7 million expected
  • iPads: 16.35 million versus 19.7 million units expected
  • Macs: 4.1 million versus 4.03 million expected
  • iPods: 2.76 million versus 2.99 million expected
  • Revenue: $45.6 billion versus $43.6 billion expected

And here are some comments from CEO Tim Cook and CFO Peter Oppenheimer:

“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”

“We generated $13.5 billion in cash flow from operations and returned almost $21 billion in cash to shareholders through dividends and share repurchases during the March quarter,” said Peter Oppenheimer, Apple’s CFO. “That brings cumulative payments under our capital return program to $66 billion.” 

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The last time Apple split its stock was back in 2005. Shareholders will receive six additional shares for each share they hold and the share price will drop to around $80. The company also increased the dividend by 8% per share, and says it plans to do so yearly.

iPhone 6 to include relocated sleep/wake button and larger, higher resolution display

iPhone6

Last night, KGI Securities’ Ming-Chi Kuo sent out a monster research note to investors with a timeline of when he thinks Apple will release their new products this year. He also offered details on each product, which he’s learned from his supply chain connections and other sources.

We’ve already covered Kuo’s iWatch predictions, which called for a “fashionable” smartwatch with advanced features like biometric sensors and wireless charging, and now it’s time to look at his iPhone forecasts. The analyst sees two Apple-branded smartphones launching this year…

Again, Kuo agrees with previous speculation that Apple is building two different handsets: a 4.7-inch and a 5.5-inch model. They’ll have the same internals though—just like the iPad Air and iPad mini with Retina display—including an A8 processor, 1GB of RAM, and of course Touch ID.

Display-wise, the analyst believes the 4.7-inch model will feature a 1334×740 Retina display (326 ppi) and the 5.5-inch a 1920×1080 display (401 ppi). Admittedly, the resolutions are odd, but it looks like both panels have the same aspect ratio as the iPhone 5—meaning no need to redesign apps.

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iPhone 6 concept via MacRumors

As for appearance, Kuo expects both phones to have slimmer bezels around the screen (10-20% narrower) and thinner profiles of just 6.5-7.0mm. He also thinks that Apple will move the iPhone’s sleep/wake button from the top to the side, in an effort to make the larger devices easier to operate.

Finally, Kuo calls for an NFC chip in both smartphones—a technology that Apple has thus far avoided in its mobile products. Keep in mind, though, that the company has filed severalNFC-related patents over the years, and is believed to have pulled NFC chips from the iPhone 5 at the last minute.

The 4.7-inch iPhone is expected to go into production as early as May, ahead of a likely September launch, while the 5.5-inch model is believed to be slated for a later Q4 debut. Kuo sees Apple ending production on the iPhone 4 and 4s, with the 5s and 5c rounding out Apple’s smartphone lineup.

It’s worth noting again that all of this intel came from an analyst report, and despite his track record, nothing is certain.