MacRumors

Samsung reported its best earning results in two years on Thursday as the company's Galaxy S7 phones outperformed all expectations, despite slowing growth in the overall smartphone industry (via The New York Times).

The South Korean company announced a 8.14 trillion won ($7.22 billion) operating profit on revenue of 50.94 trillion won ($45.2 billion), up 18 percent from the previous year.

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The firm's key mobile division, which accounts for more than half its revenue, experienced "substantial earnings improvement" as its high-end Galaxy S7 and S7 Edge phones enjoyed expanded sales, despite competition from Apple's iPhones and by lower-end devices from Chinese rivals like Xiaomi and Huawei.

Samsung forecast "solid" performance for the rest of the year despite increased competition as "other companies release new mobile devices", thanks to strong demand for its components, such as OLED displays, which the company expected to increase "substantially".

The company is also betting on an uptick in revenue generated by next week's unveiling of its Galaxy "Note 7" smartphone, which is thought to feature an edge-to-edge curved screen, an iris scanner, and potentially a USB Type-C port.


The good news for Samsung came two days after its arch-rival Apple revealed its second consecutive year-on-year declines in quarterly revenue and iPhone sales, although the reported dips were smaller than analysts predicted.

In stark contrast to the marked popularity of Samsung's high-end devices, Apple's lower-cost iPhone SE was the bright spot in the Cupertino company's earnings call, gaining more traction than expected and going some way to soothe investor's concerns over growth.

Prior to the earnings call, Apple stock had lost more than a fifth of their value over the year amid mounting concerns about the slowdown. Despite worries, Apple's shares jumped as much as 7.5 percent on news of its Q3 results, as investors remained optimistic in the run-up to the company's iPhone 7 launch this September.

According to a recent report by Kantar Worldpanel, Samsung’s Galaxy S7 devices accounted for 16 percent of mobile purchases made by U.S. customers this year, while only 14.6 percent opted for an iPhone 6S or iPhone 6S Plus.

Growth in the smartphone industry will slow to 3.1 percent this year, down from 11 percent last year and 28 percent in 2014, according to researcher IDC.

Tag: Samsung

Over the weekend well-known mobile phone leaker Evan Blass predicted that the iPhone 7 and 7 Plus would release the week of September 12. A short time later, he predicted that it should launch on Friday, September 16. Today, Blass has followed up and reported that pre-orders would take place on Friday, September 9.

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Apple typically announces the newest iPhone a couple days before pre-orders start. With September 5 being Labor Day, it's likely Tuesday, September 6 would be the day of Apple's iPhone 7 event. The dates roughly line up with Apple's usual pattern for iPhone releases. Last year, Apple announced the iPhone on September 9, started pre-orders on September 12 and released it on September 25.

Blass is well known for leaking details and images from Android smartphones well before official confirmations. A couple days before predicting the release week of the iPhone 7 and 7 Plus, he revealed that the codenames for Apple's new smartphones are "Sonora" and "Dos Palos."


This year's iPhone models are not expected to feature significant design changes aside from the loss of the headphone jack. Instead, Apple is said to be introducing major new features for the 10th anniversary iPhone 8. The 4.7-inch iPhone 7 is expected to get an improved camera and optical image stabilization while the 5.5-inch iPhone 7 Plus may gain a dual-lens camera system and 3 GB of RAM.

Other rumored features for the iPhone 7 and 7 Plus include a faster TSMC-made A10 processor, repositioned antenna bands, faster LTE and Wi-Fi, a slightly larger battery, and a minimum 32 GB of base storage.

Related Forum: iPhone

Apple today announced that it recently sold its one-billionth iPhone, marking a major milestone for the company. CEO Tim Cook shared the news with employees at a staff meeting this morning, as noted in a news story published by Apple.

In a statement, Cook called the iPhone one of the most successful, world-changing products in history, echoing similar sentiments from yesterday's earnings call where he said believes the iPhone is becoming a device that people can't live without.

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Tim Cook holds the billionth iPhone sold

"iPhone has become one of the most important, world-changing and successful products in history. It's become more than a constant companion. iPhone is truly an essential part of our daily life and enables much of what we do throughout the day," said Cook. "Last week we passed another major milestone when we sold the billionth iPhone. We never set out to make the most, but we've always set out to make the best products that make a difference. Thank you to everyone at Apple for helping change the world every day."

Apple first introduced the iPhone in 2007, and since then, the company has gone on to release nine generations, each with major improvements, revisions, and new features. While iPhone sales have been down for the last two quarters, the 1 billion milestone highlights what a successful product it is.

The iPhone has long been Apple's most important device, responsible for a majority of the revenue that the company brings in.

Next year, Apple will celebrate the 10th anniversary of the iPhone and the company has something big planned. Rumors suggest the 2017 iPhone will introduce some of the most significant design changes we've seen, with an all glass body and an edge-to-edge display with an integrated camera and Touch ID sensor. Other prospective features include wireless charging, biometric additions like iris or facial scanning, and a faster A11 chip.

Logitech-owned Jaybird has been designing Bluetooth earbuds since 2007 and has established itself as a manufacturer known for creating quality headphones ideal for working out.

Jaybird's latest product, Freedom, is the culmination of years of design refinements. The Freedom Wireless Buds are Jaybird's smallest and most comfortable yet, with a sleek sweat-proof design, multipoint pairing, and up to eight hours of battery life. As with most products, there are some downsides, so make sure to read on to find out what to expect from Jaybird's latest product.

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Design and Fit

Jaybird's Freedom Buds are tiny, a feat achieved by moving many of the audio components from the earbuds themselves to the remote control. Jaybird sells the Freedom in a range of colors from white and black to red and blue, with the earbuds themselves made from metal with plastic accents.

➜ Click here to read more...

Tag: Jaybird

Parking service company Parkopedia today announced that it will begin to provide its enhanced and detailed parking information services directly within Apple Maps. With the partnership between the two companies, that means iOS users will be able to visit Apple Maps to discover more than 40 million parking spots in 75 countries across North America, Europe, Asia and Latin America.

The integration of Parkopedia into Apple Maps actually began in March inside of the United States, but today marks the official worldwide launch of the new resource. With the parking company's "rich information," Apple Maps users will be able to search for parking garages and lots, while reading about their location, payment type, number of spaces, and more. Future updates will allow users to filter search results, in order to discover the cheapest lots first, for example.

Parkopedia Apple Maps
While reading through some Parkopedia information for a parking lot in Apple Maps, users will be able to follow a link to reserve a spot, although that process takes them out of Maps to complete the payment process on the Parkopedia website or within the company's iOS app [Direct Link]. "More detailed information" will also be available outside of Apple Maps and in Parkopedia itself, including pricing, user reviews, special offers and real-time space availability.

"We're excited to deliver detailed information on more than 40 million parking spaces in 75 countries to Apple Maps customers. This is a very important milestone for Parkopedia. Our combined footprint in the consumer and automotive space is huge and this opens the doors to delivering a world of innovative solutions," stated Parkopedia's Head of Marketing, Christina Onesirosan Martinez.

Apple Maps has been receiving steady updates to help bolster its navigation and research abilities for users visiting new cities, or simply trying to find new venues in their hometown. Among these changes coming in iOS 10 are new parked car notifications, which reminds users where they left their car -- especially when parking in large garages or lots -- with the help of a simple geo-locked icon within Apple Maps. Combined with Parkopedia's information catalog, this could help Apple get a leg up on its rivals in the GPS map app space.

Last month, Japanese blog Mac Otakara reported that Apple plans to announce new MacBook Air models featuring USB-C ports based on the Thunderbolt 3 protocol by the end of June, and begin shipping the notebooks to retailers in August. It is now seven weeks later, however, and the rumor has yet to materialize.

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But if a new report from Taiwanese website DigiTimes is to believed, Apple still has plans to release a new MacBook Air with USB-C ports after all. The report does not provide a launch timeframe for the updated notebooks, but the secondary rumor suggests Mac Otakara may have been off on timing only.

Currently, Apple has decided to adopt the USB Type-C interface for its MacBook Air, while Asustek Computer and Hewlett-Packard (HP) are upgrading one of their notebooks' regular USB port to the Type-C. Lenovo, Acer and Dell are still evaluating the option.

DigiTimes previously reported that Apple will begin shipping new "ultra-thin" 13-inch and 15-inch MacBooks at the end of the second quarter, which ended in late June. The report said the new MacBooks would "share a design similar to the existing 12-inch MacBook" and be "thinner than [the] existing MacBook Air."

DigiTimes also previously reported that Apple plans to release new ultra-thin MacBooks with metal injection molded hinges in the second half of 2016. The website is not always an accurate source of Apple's upcoming product plans, but it has well-connected supply chain sources that have proven reliable at times in the past.

Apple's entire Mac lineup, beyond the 2016 12-inch MacBook, has stagnated. Apple has not released a new MacBook Air in over 500 days, beyond a minor 8GB RAM bump for 13-inch models in April. Some believe the MacBook Air's days are numbered, but perhaps the notebook will live on until Apple can sell the 12-inch MacBook from $999.

Alternatively, it is possible that DigiTimes is misinterpreting a thinner MacBook Pro with USB-C ports as a MacBook Air.

If a new MacBook Air is incoming, a late-year launch is most probable. KGI Securities analyst Ming-Chi Kuo said Apple will launch three new MacBook models by year's end: a thin and light 13-inch MacBook in the June-September quarter, and two thinner and lighter 13-inch and 15-inch MacBook Pro models in the September-December quarter.

Related Roundup: MacBook Air
Related Forum: MacBook Air

Microsoft today launched a new camera app for iOS devices called Microsoft Pix, which uses an artificial intelligence to adjust settings, choose the best photos, and automatically enhance each picture you take. The app will work on the iPhone 5s or newer, running iOS 9.0 or newer, with the company planning an Android release in the future. It did, however, remain curiously silent on introducing the new app's features into its own Windows Phone line.

In order to obtain the very best image, Microsoft Pix takes a burst of shots before and after the image capture shutter button is tapped, similar to holding down the button for a burst shot in Apple's first party camera app. The new app goes one step further, however, and intelligently siphons through each shot to choose the best image, and delete whatever is left over to save memory. This usually ends up with up to three "Best Images" for you to choose from.

Microsoft Pix
Microsoft calls the app "people-centric," with the AI's biggest enhancement feature centering around its ability to focus in on faces within a photograph to enhance and adjust the focus, color, and exposure "so people look their best." The app's underlying algorithms can even detect whether a person has their eyes open or closed, and use that information as another factor in picking the best photo.

“They are building this for people who aren’t photographers but who like to take pictures — and would like to take better pictures — but don’t want to take the time to learn what goes in to making better pictures,” says Reed Hoffman, a Kansas City-based photography consultant and instructor with the Nikon School of Photography who tested beta versions of Microsoft Pix.

Once a picture has been taken, Microsoft Pix even lets users filter back-and-forth between the "normal" shot without any of the app's tinkering, and the higher-quality, post-enhancement photo.


When "interesting motion" is detected in a picture, Microsoft's app functions similarly to Apple's Live Photo feature in the iPhone 6s and 6s Plus. The app will create a "Live Image" with these motion-based images, that loop an animation repeatedly instead of requiring a user to impress upon them to begin their animation, like in Live Photos. A handful of other features include automatic stabilization, or "Hyperlapse," syncing with Apple's Camera Roll, and easy sharing to social networks from directly within the app.

Users can download and try out Microsoft Pix for free on the App Store. [Direct Link]

In addition to expanding its retail footprint in China over the past few years, Apple is moving ahead with new stores in other countries.

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Photos obtained by MacRumors from reader Myles today reveal progress on Apple's first retail store in Singapore, a location that has been confirmed by Apple since November 2015 and under renovation since earlier this year. Construction of the store's glass facade and canopy is now well underway.

The project allegedly has an expected completion date of October 31, 2016, suggesting that the store could open as early as November.

Additional photos sent to MacRumors by reader Rodrigo show an Apple-like large, black construction barrier at Mexico City's Via Santa Fe, an upscale wing of Centro Santa Fe, the largest shopping mall in Latin America. The store will be located on the upper level of the shopping mall and is likely in the early stages of renovations.

Apple-via-santa-fe
In January, an anonymous tipster said Apple is planning a major retail expansion in Latin America, starting with stores in the Mexican cities of Mexico City, Guadalajara, and Monterrey. The tipster said Apple will subsequently open its first retail stores in the countries of Chile, Peru, and Argentina.

Chinese smartphone manufacturer Xiaomi had a surprise in store for attendees of its new Redmi Pro smartphone launch event today, unveiling its first ever PC laptop, named the "Mi Notebook Air".

The familiar-named $750 aluminum notebook closely resembles a MacBook and features a 13.3-inch 1080p display, up to 2.7GHz Intel Core i5-6200U processor, 8GB RAM, 256GB solid-state storage, and a discrete Nvidia GeForce 940MX graphics card.

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Connectivity-wise, there's a USB-C port included for charging, 2x USB 3.0 ports, 1x HDMI, and a headphone jack. Xiaomi claimed a 9.5 hour battery life for the notebook, which weighs 2.82 pounds.

The company also announced a smaller 12.5-inch (2.36 pounds) model with an Intel Core M3 CPU, 4GB RAM, a 128GB SSD, and integrated graphics, costing $540 in total. Both laptops have a full-size backlit keyboard. The Windows-installed machines will be available in China from August 2, but no details regarding global availability have been given.

Mi Notebook Air
According to CNET, Xiaomi partner Tian Mi will manufacture the Mi Notebook Air. Rumors that the smartphone maker was seeking to enter the PC laptop market have been bubbling for a while, and its unapologetically titled debut offering leaves no doubt the company is seeking to emulate – not to mention compete against – Apple in the Chinese market, albeit in the form of a more budget-conscious package.

Xiaomi saw flat revenues last year, with the struggling smartphone sector making up 90 percent of its sales. The move shows the company sees untapped potential in the Chinese consumer notebook market despite suggestions that it may be on the verge of contracting, which indicates the company is also willing to take a risk as it attempts to justify its $45 billion valuation.

Tags: China, Xiaomi

Chinese smartphone manufacturer Xiaomi today announced a new smartphone, called the Redmi Pro, during an event in Beijing, China, where it also surprised attendees with the 'Mi Notebook Air'. As TechCrunch pointed out, the company's Redmi line of smartphone devices angle toward the low-cost spectrum of handsets, with most models costing around $150, allowing the company to move over 110 million models in the last three years.

Redmi Pro smartphone
A few additions to the Redmi Pro place it on the higher-end of that spectrum, since the new smartphone is the first in the Redmi family to have an OLED display, a larger 5.5-inch screen, and -- perhaps most notably -- pack in a dual-camera system. Specifically, the two lenses are a 13-megapixel Sony IMX258 sensor and a 5-megapixel Samsung sensor, and will result in image quality on par with DSLR-style cameras, according to the company.

Other than these features, the Redmi Pro also has a 4050 mAh battery, a USB Type-C charging port, up to 4GB of RAM and 128GB internal memory, an expected fingerprint sensor for biometric security, and three color options: gold, grey, and silver. Pricing for the Redmi Pro begins at $225 (1,499 Yuan) for 3GB RAM with 32GB of storage, $255 (1,699 Yuan) for 3GB RAM with 64GB of storage, and $300 (1,999 Yuan) for 4GB RAM and 128GB of storage. According to Xiaomi, the difference between the 3GB and 4GB RAM models is a faster and more powerful GPU and Helio X25 chipset.

Redmi Pro smartphone 2
The Redmi Pro -- which will launch on August 6 in China -- is debuting at a time when higher-quality smartphone cameras have begun to stand out as a major sticking point for consumers deciding on which device to purchase. Apple's own upcoming iPhone 7 Plus has been the perpetrator behind dozens of dual-lens camera rumors since the beginning of the year, with a handful of design renderings and images of the smartphone leaking this summer, all showing off the large, pill-shaped enclosure purported to lead to DSLR quality photos as well.

For those interested, Gizchina has a collection of images taken with the Redmi Pro's dual-camera system on its website.

Tag: Xiaomi

Firefox has released an update for its iOS browser that offers interface improvements and a faster browsing experience.

Firefox v5.0 promises faster web page loading times combined with significant battery savings, according to the browser's development team. Mozilla claims up to a 40 percent reduction in CPU usage and up to a 30 percent reduction in memory usage, although it notes results may vary between users.

Firefox iOS
Aside from speed improvements and power savings, the main interface has seen a number of new additions. Top of the list is a new menu on the toolbar that allows for easier navigation and quick access to frequently used features – from adding a bookmark to finding text in page.

Mozilla has also tried to make tab management a less frustrating experience on smaller screens, with the introduction of a 'Close All Tabs' option and an 'Undo' option to easily recover them, as well as a simpler method of navigating open tabs.

Users can also now set their favorite site as their homepage, which can be accessed at any time via the Home button in the new main menu.

Firefox iOS
In addition, users can now search sites with a search box (Amazon, for example) using a new magnifying glass button above the keyboard.

To add a website to the list of search engines accessed from the new tool, users simply need to go to the site in question and tap on the magnifying glass.

Firefox web browser is a free download for iPhone and iPad available on the App Store. [Direct Link]

Three of Australia's biggest banks have lodged a joint application with anti-trust regulators to negotiate with Apple over gaining access to the NFC-based mobile payment hardware in its smartphones (via Reuters).

Commonwealth Bank, National Australia Bank (NAB), and Westpac have so far resisted signing deals to use the company's Apple Pay mobile payment system, because they want their customers to be able to use digital wallets they have already financed and developed.

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However, none of the banks want to be accused of violating anti-competition law by negotiating deals, which is where the application comes in.

If the Australian Competition and Consumer Commission (ACCC) lets the banks collectively negotiate with Apple under the terms of the application, it would enable them to undertake "a limited form of boycott" in which they would all agree not to negotiate with Apple individually while the talks take place.

Apple currently only allows its own mobile payment system to access the NFC-hardware in its iPhone devices, which banks argue is an anti-competitive restriction that hampers consumer choice.

"This is about providing Australians with real choice and better outcomes," said Lance Blockley, a senior advisor at Novantas who spoke to The Sydney Morning Herald on behalf of the banks.

"If successful, the application would have tremendous benefits for the entire Australian mobile payments landscape including for public transport fares, airlines, ticketing, store loyalty and rewards programs and many more applications yet to be developed."

Apple Pay launched in Australia in November, but has since been slow to roll out in the country. The delay was thought to be down to issues Apple was experiencing negotiating fees with the nation's largest banking institutes.

Three months ago it added Apple Pay support for credit and debit cards from the Australia and New Zealand Banking Group (aka ANZ), the only bank in Australia's "Big Four" that played no part in the latest application.

Related Roundup: Apple Pay

Apple CEO Tim Cook today told investors that Apple is continuing to invest in augmented reality, and that the company is "high on AR in the long run." Cook's comments came after he was questioned about Pokémon Go, the hit augmented reality game developed by Niantic Labs, Nintendo, and The Pokémon Company.

Cook, who continually referred to "Pokémon" as "Pokemans," said Pokémon Go is a "testament to what happens to innovative apps," giving the App Store credit for empowering developers to "press a button" and "offer a product around the world." He went on to say that augmented reality offers a great commercial opportunity and great opportunities for consumers.

Pokemon GO iOS screenshots

AR can be really great. We have been and continue to invest a lot in this. We're high on AR in the long run and we think there are great things for customers and a great commercial opportunity. The number one thing is to make sure that our products work well with other developer's products like Pokémon, and that's why you see so many iPhones in the wild chasing Pokemans.

Cook went on to say that he believes augmented reality "can be huge." "We'll see whether it's the next platform," he said. "Regardless, it will be huge."

In the past, rumors have suggested Apple has a secret research team working on augmented reality and virtual reality, exploring the AR/VR field and investigating how the company could embrace augmented or virtual reality in the future.

Apple has also made a number of augmented reality acquisitions, purchasing companies like Metaio, Faceshift, and Flyby Media. How Apple might incorporate augmented reality into its products remains a mystery, but there are applications related to Maps and Photos that could be on the horizon.

Earlier this year, Cook made similar comments about virtual reality, calling it more than just a niche product. "It's really cool and it has some interesting applications," he said.

Related Roundup: Apple Vision Pro
Buyer's Guide: Vision Pro (Neutral)
Related Forum: Apple Vision Pro

During today's third quarter earnings call, Apple CEO Tim Cook told investors that he's "very optimistic" about prospective iPhone sales this fall, despite rumors suggesting the device will introduce only minor changes.

In response to a question about speculation that iPhone upgrade rates will be low in 2016 based on circulating rumors that the iPhone 7 will mark only a modest update to the iPhone 6s, Cook said he sees "so many signs that are positive" that point towards solid sales numbers.

iPhone 7 Space Black

A mockup of the iPhone 7

I don't want to talk about new phones that aren't announced. That aside, what we have seen -- in past tense or in current tense -- on the upgrade rate is that the iPhone upgrade rate for the iPhone 6s is similar to the iPhone 5s. [...]

The iPhone 6 was significantly higher than that and it likely accelerated upgrades that would have been in the current year ahead of those. So what the future holds, we'll see, but I'm very optimistic about the future because I see so many signs that are positive.

As for the signs in question, Cook pointed towards an install base that has gotten "incredibly large," a switcher rate that continues to grow, a smartphone penetration rate that's only at 42 percent, changes coming in iOS 10, and the growing importance of the smartphone itself as it becomes "even more instrumental and important to people's lives."

On that last point, Cook said he expects AI to play a major role in turning the iPhone into an essential device that people can't live without. "As the iPhone becomes more and more your assistant, you're not going to leave without it," he said. "I see all of those things as vectors that are incredibly positive," he continued.

According to Cook, Apple will excel at AI because of the company's focus on user experience, which will drive people to adopt Apple devices. Apple is continually working to improve its virtual assistant Siri, and Cook's comments hint at Apple's continued focus on the service.

As the smartphone itself becomes more essential to customers' day-to-day lives, we think people will put more and more focus on what they're buying. The thing Apple does best is providing a killer user experience that's integrated across the entire product line, and that becomes more important and really plays to our advantage.

I think the deployment of AI technology is something we will excel at because of our focus on user experience. So I like that.

Apple will unveil its next-generation iPhone 7 this fall, likely in September. While the device is expected to have a design similar to the design of the iPhone 6s, it will feature camera improvements, a better processor, improved water resistance, no headphone jack, and more.

Related Forum: iPhone

During today's third quarter earnings call, Apple announced its second consecutive year-over-year revenue drop, but amid the decline, the company's services category saw significant growth based on strong App Store performance.

Services revenue was up 19 percent year over year, and according to Apple CEO Tim Cook, Apple saw its highest App Store revenue ever, setting a new all time high. Compared to the year-ago quarter, App Store growth was up an impressive 27 percent, with iCloud, AppleCare, and Apple Music also seeing notable growth.

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Over the course of the last 12 months, Apple's services revenue is up $23.1 billion, and next year, the company expects revenue from services to "be the size of a Fortune 100 company."

Growth was fueled by Apple's active install base, which brought in $10.3 billion dollars during the quarter, marking 29 percent growth year-over-year. Apple CFO Luca Maestri said the company set a new record for customers making purchases through the iTunes and App Store, and the average amount spent per customer was the highest Apple has ever measured.

App Store revenue has climbed consistently over the last four consecutive quarters and Cook said he expects the services category to continue to grow "very briskly."

china-flagIn today's third quarter earnings report, Apple revealed a significant drop in revenue from Greater China, which is down 33 percent year over year. Revenue from China was at $8.9 billion in Q3 2016, down from $13 billion in Q3 2015.

During the followup earnings call, Apple CEO Tim Cook said the company continues to be encouraged about growth in the country despite the decline in revenue and remains "very optimistic about growth opportunities."

He said Apple's underlying business is stronger in China than the results imply, with the iPhone install base in the country up 34 percent year over year. Cook cited statistics from China Mobile, one of the largest carriers in the country, which says it sells more iPhones than any other smartphone.

According to Cook, channel inventory reduction and currency headwinds have impacted business in the region and presented some significant economic challenges. Despite this, Cook continues to feel "really good" about Apple's business in China, pointing towards the opening of the 41st retail store in Greater China and a recent $1 billion investment in Didi Chuxing.

With revenue in China down 33 percent, Europe has regained its position as Apple's second biggest market after the United States, bringing in $9.6 billion in revenue during the quarter.

Tag: China

Apple today announced a year-over-year drop in revenue for the second quarter in a row based on flagging iPhone sales, but amid the decline, Apple saw its iPad revenue grow slightly for the first time in 10 quarters. Apple's iPad line brought in $4.9 billion in Q3 2016, up from $4.5 billion in the year-ago quarter.

In an interview with The Wall Street Journal, Cook said he was "encouraged" by the iPad's revenue growth and the 19 percent growth in the services category, which includes Apple Music, the App Store, iTunes, and more.

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"There are a number of encouraging signs in the results," Mr. Cook told The Wall Street Journal. "This last quarter was surprising because it was better than we expected from so many different points of view, not just one thing."

While iPad revenue was up based on the higher average selling price of the 9.7 and 12.9-inch iPad Pro models, overall unit sales continued to decline. Apple sold almost 10 million iPads during the third quarter of 2016, compared to almost 11 million during the third quarter of 2015.

Apple's 9.7-inch iPad Pro starts at $599, while the 12.9-inch iPad Pro starts at $799, two price points that are much higher than the $499 price Apple's previous iPad models started at.

Related Roundups: iPad, iPad Pro, iPad mini
Related Forum: iPad

Apple-downApple today reported a negative-growth June quarter in iPhone sales and revenue, and its guidance for the fourth quarter of the 2016 fiscal year suggests that the downward trend is likely to continue through summer.

Apple expects fourth quarter revenue of between $45.5 billion and $47.5 billion, which would be up to 12 percent lower than the $51.5 billion in revenue it posted in the year-ago July-September quarter.

In the fourth quarter, the company also expects a gross margin between 37.5 percent and 38 percent, operating expenses between $6.05 billion and $6.15 billion, other income/expenses of $350 million, and a tax rate of 25.5 percent.

Tags: AAPL, Earnings