April 28, 2012
"

A mile and a half from Apple’s Cupertino headquarters is De Anza College, a community college that Steve Wozniak, one of Apple’s founders, attended from 1969 to 1974. Because of California’s state budget crisis, De Anza has cut more than a thousand courses and 8 percent of its faculty since 2008.

Now, De Anza faces a budget gap so large that it is confronting a “death spiral,” the school’s president, Brian Murphy, wrote to the faculty in January. Apple, of course, is not responsible for the state’s financial shortfall, which has numerous causes. But the company’s tax policies are seen by officials like Mr. Murphy as symptomatic of why the crisis exists.

“I just don’t understand it,” he said in an interview. “I’ll bet every person at Apple has a connection to De Anza. Their kids swim in our pool. Their cousins take classes here. They drive past it every day, for Pete’s sake.

“But then they do everything they can to pay as few taxes as possible.”

"

Apple’s Tax Strategy Aims at Low-Tax States and Nations - NYTimes.com

So, reading this article from the NY Times about Apple not paying any taxes, and I saw this section from a local college that is taking offense. I think this is the worst kind of journalism, because it is simplistic and doesn’t mean anything. Why is Apple responsible for all of California’s debt and public spending cuts? Why is any one industry or company responsible. These are the laws passed by our legislators, with all the tax loops necessary to not pay taxes. If the government wants corporations to pay their fair share, Congress needs to pass new laws and fix the tax code.

January 24, 2012
A "Holy Fucking Shit" Quarter

parislemon:

Remember back in October when after a rare “miss” by Apple (which was only a miss because analysts are stupid and lazy), the early signs pointed to the potential of a $40 billion quarter? Some thought that was insane given that Apple had never even had a $30 billion quarter before. Well, turns out that projection was a little insane — insanely low.

Try a $46.33 billion quarter.

It’s a number so insane that it even destroys the $42.76 billion blow-out “whisper” number.

As for the early projections of 34 million iPhones sold — which again, some people thought were crazy — also low. Try 37 million.

But hey, Android is winning, right?

As for the other numbers. 15.43 million iPads. A record. 5.2 million Macs. A record. 15.4 million iPods. Not a record, but no surprise — this is the age of the iPhone.

Net quarterly profit was $13.06 billion. Again, holy shit.

That stock you were an idiot for selling after aforementioned “miss”? Up 10% now in after-hours trading, well past $460 a share. By far an all-time high, pushing Apple’s market cap well past $400 billion. 

Apple now has $97.6 billion in cash.

I’ll be listening to the call at 2PM PT and posting some follow-up thoughts on TechCrunch. Stay tuned.

Some thoughts:

  1. I wonder how much of that cash is stuck overseas.
  2. Is it the age of the iPhone, or the age of the iPad?
  3. How successful was the iPhone 4S compared to all other iPhone sales?

6:43pm  |   URL: http://tmblr.co/ZCeoZyFJQkqk
  
Filed under: tech apple earnings 
October 14, 2011
Steve Jobs was the 1%.

Steve Jobs was the 1%.

August 29, 2011

parislemon:

Apple’s vision for the future of computing versus Microsoft’s vision for the future of computing.

Any questions?

This does say it all. Apple and Microsoft are headed in two different directions.

(via stevewoolf)

8:02pm  |   URL: http://tmblr.co/ZCeoZy8w8HE2
  
Filed under: tech apple microsoft 
August 27, 2011
"Do you want to sell sugar water for the rest of your life or do you want to come with me and change the world?"

Steve Jobs to John Sculley (via ben)

(via mikehudack)

June 10, 2011
"

Google Inc., whose Android software is the most popular operating system on smartphones, has also recently worked on a messaging application, a person familiar with the matter said.

The new messaging tools—answers to Research In Motion Ltd.’s popular BlackBerry Messenger—are a growing threat to a texting business that generated $25 billion in revenue in the U.S. and Canada last year.

Carriers, such as AT&T Inc. and Verizon Wireless, charge fees ranging from 20 cents per text to $20 a month for unlimited texting. The texting business has low costs and high margins. A dollar of texting revenue produces at least 80 cents of profit compared with about 35 cents of profit from $1 in wireless data or voice services, according to analysts at UBS.

The challenges posed by alternatives to text messaging reflect the broader changes roiling the wireless industry as carriers scramble to adjust to devices like the iPhone and Android handsets, which give cellphone users more flexibility in how they communicate.

"

Cellphone Carriers Face Pressure Over Texting - WSJ.com

Liked posts on Tumblr: More liked posts »