For the second straight quarter, Apple has blown away analyst forecasts to post record revenues. Net income in Q4 2009 compared to the same quarter in 2008 jumped 50% to a record $3.4 billion.
Apple's overall sales are up 32% to a record $15.7 billion. Analysts had predicted the company would make $12.1 billion in sales. New accounting laws made it possible for Apple to report iPhone and Apple TV revenues immediately instead of having to spread them out over the length of a consumer's contract.
As pressure mounts before the Apple media event next week, reports are flying around the net about exactly what Apple will announce in San Francisco on Wednesday. Rumors of negotiations between Verizon Wireless and Apple have surfaced before, however they've picked up new steam.
Canaccord Adams analyst Peter Misek is the latest voice to weigh in on a Verizon iPhone deal, and he fully expects a Verizon 4G iPhone to support CDMA this coming June. Misek believes this announcement will come next week along with the launch of Apple's yet to be seen tablet computing device.
All eyes are on the relationship between Apple and Google as the companies continue to encroach on each other's territory. Now Business Week reports that negotiations between Microsoft and Apple have been taking place for weeks. The subject of the conversation: replacing Google with Bing as the default search engine on the iPhone.
This development comes as Google pioneers its own phones and the Android mobile OS to compete with Apple's iPhone. For its part, Apple is working behind the scenes to develop its own mapping and mobile advertising business.
AT&T has announced a drop in pricing on the unlimited voice and data plan for iPhone. Previously, iPhone owners could purchase unlimited calling minutes and data for $130 monthly. The new unlimited plan drops this price by $30 to $100 per month.
The company subsequently dropped their Nation 1350 plan, which had offered 1350 calling minutes and unlimited data for $110. The next step down on the plan ladder is now the Nation 900 plan, offering 900 calling minutes and unlimited data for $90.
Next Wednesday Apple will announce several new products at its special media event in San Francisco. Pictured is the invitation the company sent out to selected media outlets today.
Sources inside Apple have reportedly confirmed that iPhone OS version 4.0 will be announced along with a new touch screen tablet computing device. In addition, Apple will be announcing iLife 2010 software that will support multi-touch.
Unbelievable that it's already been three months since the release of PwnageTool 3.1.4 for Mac OS X. The latest installment in iPhone Dev-Team's jailbreaking arsenal makes it possible to execute a tethered jailbreak on the iPhone 3GS fresh out of the box. This hardware is running iPhone OS 3.1.2.
Windows users have been waiting for a an update, and now it may be on its way. MuscleNerd has announced via Twitter that the team is working on redsn0w 0.9, a fast jailbreak solution for Windows and other platforms. No word yet on when this new version of redsn0w will be released.
There are over two million developers using Adobe Flash, and soon they will be able to convert their applications into iPhone apps automatically. Adobe is adding "Packager for iPhone" to its Flash developer tools.
Included in Flash Professional CS5 (Creative Suite 5), the software is currently in private beta testing. The iPhone does not support Flash, however ActionScript 3 projects will run as native iPhone apps after conversion.
The fourth generation iPhone is on its way later this year, and reports have already surfaced indicating vast improvements in hardware and functionality. Apple is taking its iPhone to the next level to insure that competition from rival smartphones are held at bay.
Wireless provider KT introduced the iPhone to South Korea in November of 2009, and sources within the company have given The Korea Times a glimpse of what Apple is planning for iPhone 4.0. Hardware upgrades include dual-core processors, improved graphics and a power-sipping organic light-emitting diode (OLED) screen.
Apple tablet watchers have completely bypassed CES 2010 in anticipation of the company's special event at the end of this month. More evidence is mounting that Apple will announce the tablet and begin selling the product during the second quarter.
According to Reuters, AVY Precision Technology begins manufacturing aluminum casings for the tablet computer body in February. Two other Taiwanese companies, Wintek and TPK Solutions, are both said to be shipping 10-inch touch screens to Apple.
With the exclusive iPhone deal between AT&T and Apple ending this summer, Verizon is reportedly in negotiations with Apple to offer a CDMA version of the device on its network this year. Maynard Um from UBS Investment Research wrote a note to investors that stated, "We believe a CDMA-iPhone is also in the works, though we believe Verizon Wireless and Apple may currently be apart on pricing."
Um's research points to a new iPhone release this summer, including a CDMA network compatible iPhone for Verizon or other CDMA carriers in Japan and China. Ongoing negotiations between Verizon and Apple have been rumored to be happening frequently in recent months. The release of a Qualcomm hybrid chipset that supports multiple wireless network technologies has also added to speculation.