Profits, Profits, Profits

iPhone 6
Apple Keynote

 

Via CNET,  Apple breaks world record for quarterly profits:

 

The Cupertino, Calif., electronics giant on Tuesday reported the best sales quarter in its 38-year history, as demand for its newest smartphones, the 4.7-inch iPhone 6 and the 5.5-inch iPhone 6 Plus, soared beyond analysts’ expectations.

The company said it sold a record 74.5 million iPhones during the period, much higher than the 66.5 million estimated by analysts, according to a poll by Fortune. That’s 46 percent more devices than the record 51 million sold in the year-earlier quarter. This was the first full quarter of iPhone 6 and 6 Plus sales since their debut.

Tim Cook credits the growth to sales of iPhone 6, not to existing customers but to new ones:

 

The executive says that only 12 percent of Apple’s current installed base has upgraded to a new iPhone and that the iPhone 6 had the largest amount of “Android Switchers” since the iPhone 4S, which shows that Google’s OS’ dominance may be slightly waning. Finally, Cook says the iPhone 6 had millions of sales from consumers buying their first iPhone, or even their first smartphone. For awhile, especially abroad, there will be plenty more of those.

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Forget Windows 10. I want hololens

Big news from Microsoft this week.  Making headlines was the near complete Windows 10 and its new hybrid Windows 7 and 8 features (sorry, no Windows 9) as well as  the free upgrade users of Windows 8.1 and Windows 7 users will have.

 

But somewhat buried in all this is a new hardware tech from Microsoft called Hololens.   Hololens will complete with other so called virtual reality devices such as Oculus (Facebook), Gear VR (from Samsung) and Sony’s upcoming device, Project Morpheus.

Continue reading Forget Windows 10. I want hololens (8)

RIP The Marvel Universe

 

According to Newsarama, Marvel is getting its own Crisis on Infinite Earths/Convergence story line.  In what must have come as a shock to many,  the announcement was made at a marvel kick off event.

 

Saying that the mainstream Marvel Universe and Ultimate Universe would “smash together” during the upcoming Secret Wars crossover event, Alonso and Brevoort went on to elaborate that, by the time Secret Wars #1 hits the stands, every world in Marvel’s multiverse will be destroyed, with pieces of each forming Battleworld, the staging ground for the Secret Wars storyline

“Once we hit Secret Wars #1, there is no Marvel Universe, Ultimate Universe, or any other. It’s all Battleworld,” Brevoort said.

 

Continue reading RIP The Marvel Universe (13)

Deflation: Swiss-style

 

Paul Krugman gives a run down on the big news coming out of Switzerland on Thursday. This gives him, and us, a chance to view what deflation really is by giving a little history on the world economic crisis from Swiss perspective.

 

Wikipedia defines deflation as: a decrease in the general price level of goods and services…deflation increases the real value of money –- the currency of a national or regional economy. This allows one to buy more goods with the same amount of money over time.

 

Sounds good, huh?   Well Krugman has been worrying about deflation for some time.  Deflation, it should be noted, is the converse of inflation – like Bizzaro is to Superman.  But it is inflation you hear everyone on the right talking about. Nobody, except Krugman,  is worried about deflation. And to be sure, deflation is something to worry about.

Continue reading Deflation: Swiss-style (17)