Apple’s Q3 Financials

“This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends” — Tim Cook, Apple’s CEO

It turns out1, Apple is not doomed after all.

I bought Apple stock in 2014 and it has been a very good decision. I only wish I would have bought Apple stock in 2004 instead of that iPod Photo. Don’t get me wrong, I loved the iPod Photo but the same $450USD invested in owning part of the company itself would be worth about $20,500USD today (about $26,800 CAN). Talk about an expensive music player2.

To get a picture of how this quarter’s results compare to Apple’s past performance, check out Jason Snell’s Q3 Results Charts.

1. Once again.
2. That based purely on stock price and doesn’t include the dividends.

Continue reading “Apple’s Q3 Financials”

Apple Special Event

With only about 10 minutes before it started, I casually mentioned to Andrea that I would like to watch to some technology event happening today. She reminded me that she was having friends over but if I helped her clean up a bit (after) that that would be fine. After changing the baby I raced downstairs to download the Apple Event app on my Apple TV… got all my passwords in, began the downloaded, and loaded it up… with 10 seconds to spare. I watched as the second hand on my watch hit 8:00am and the event started EXACTLY on time. Kind of neat when you know that all of the world’s apple Watches are in sync and that starting exactly on time is in a way an ad for the watches too.

I love technology and I particularly love Apple Events.

Here are my highlights of today’s event:

MacBook Air
The new MacBook Air has been completely redesigned. Finally receiving that retina screen bringing (if I’m not mistaken) all Apple devices up to retina resolution. This was the upgrade that seemed like a no brainer for the past few years.

As well as improving the resolution and nearly removing edge bezels, Apple has also added Touch ID. This particularly point is interesting because they’ve added the same secure enclave as the MacBook pros have but choose not to include a touch bar.

The other big change is that the new MacBook Air’s are made from a new kind of metal alloy that uses 100% recycled aluminum and still has the look of the high grade aluminum that Apple customers love.

Mac Mini
Long speculated that Apple would be sunsetting this product, the Mac Mini gets a much needed update. The new Mac Mini has 4 cores (upgradeable to 6) and will preform up to 5x faster than before. A first glance, an incredible performance boost but maybe not, considering how long the Mac mini has been ignored. It’s been upgraded with Apple’s new T2 security chip and built in HEVC video encoding will make apple’s new high efficiency formats perform 30x faster than on previous mac minis.

Today at Apple
Angela Ahrendts, senior vice president of retail, donned the stage to talk a little bit about the Today at Apple session happening at Apple Stores all over the world. It felt a bit like a filler segment but I was interested to hear the numbers: 18,000 sessions a week with 60 newly designed sessions.

iPad Pro
In the last year Apple sold more iPads than all of the notebooks of the competitors combined. I think it’s worth taking a moment to just think about what that means? All competitors combined?! Despite iPhones dwarfing all of Apple’s other products, iPad is still a huge part of Apple’s bottom line. This morning, as rumoured, Apple continued to build on that bottom line as they announced an all-new iPad Pro.

The first thing you’ll notice with the new iPad is that there is no home button. It’s still sports a LCD (Apple refers to it as a Liquid Retina Display) but that display now fills a full 11″ for the smaller iPad Pro and the larger fills the same 12.9″ but they’ve reduced the size to about the size of an 8.5″ by 11″ rectangle. Other key points include:

  • 5.9 mm thick (25% less volume)
  • FaceID
  • A12x Bionic Chip 8-core CPU
  • up 35% faster for single core
  • up to 90% faster overall
  • faster than 92% of all portable PCs
  • 7 core GPU
  • 1TB storage capacity
  • USB-C!
  • charging out on USB-C
  • Second Generation Apple Pencil connects magnetically, automatically pairs, and starts charging!< (Dare I say, finally?)/li>

The keynote then transitioned into talking about apps traditionally thought too memory and processor intensive for the iPad that are now available:

  • autocad
  • DJ pro
  • NBA 2K
  • Adobe Photoshop

They ran through the prices and then special musical guest Lana Del Rey sang a couple of her new songs and that was it. I still had time to help Andrea get ready for the day.

Adobe Max

Yesterday was day one of Adobe’s annual event Adobe Max in which they announce all of the neat things they’ve been up to. Here are a few of the highlights I’m most excited about in the new Adobe CC applications:

Photoshop:

  • select text with click and commit text by clicking
  • multiple undo function (just keep hitting Command Z to undo)
  • content aware fill
  • frame tool (much like indesign’s frame tool)
  • symmetry mode

Indesign:

  • automatically adjust layout when changing page sizes, margins, and bleeds
  • activate fonts within indesign
  • import and export comments into pdf format

XD:

  • auto-animation
  • add voice interactions
  • responsive resize tool
  • developer plugins

Illustrator CC

  • edit repeating objects across art boards with global edit
  • complex colour gradients
  • custom toolbar

And what’s very exciting (though not coming until next year) is the full version of Photoshop on iOS! But what’s the most exciting of all is that Typekit is now called Adobe Fonts and is part of all Creative Cloud plans. That means all 1500 fonts from Adobe are free to use with any Creative Cloud plan and there is no sync limit. They’ve also streamlined the way fonts are activated. Awesome!

Here’s the highlight reel from the keynote:

Dumb Zucks

All you need to know about the Facebook data mining scandal can be gleaned from this early 2004 quote from Facebook founder Mark Zuckerberg (via theregister.co.uk)

Zuckerberg: I have over 4,000 emails, pictures, addresses, SNS

[Redacted Friend’s Name]: What? How’d you manage that one?

Zuckerberg: People just submitted it.

Zuckerberg: I don’t know why.

Zuckerberg: They “trust me”

Zuckerberg: Dumb fucks

#deletefacebook

What is Technology Doing to Us?

I highly recommend The Waking Up podcast, and particularly episode #71, in which the host, Sam Harris, holds a conversation with Tristan Harris an ethicist for design. If you’ve ever gone to Facebook to look up something quickly and then wondered how you found yourself caught in a vortex of wasted time, this conversation will surely enlighten you. Recommended listening for everyone that uses technology and especially those that build it.

From Tristan’s bio page:

Called the “closest thing Silicon Valley has to a conscience,” by The Atlantic magazine, Tristan Harris was previously a Design Ethicist at Google and left the company to lead Time Well Spent the Center for Humane Technology, a non-profit movement to align technology with our humanity. Time Well Spent aims to transform the race for attention by revealing how technology hijacks our minds, and to demonstrate how better incentives and design practices will create a world that helps us spend our time well.

Tristan is an avid researcher of what persuades our minds, drawing on insights from sleight of hand magic, linguistics, persuasive technology, cult psychology and behavioral economics. Currently he is developing a framework for ethical persuasion, especially as it relates to the moral responsibility of technology companies.

His work has been featured on 60 Minutes, PBS NewsHour, The Atlantic Magazine, ReCode, TED, 1843 Economist Magazine, Wired, NYTimes, Der Spiegel, NY Review of Books, Rue89 and more.

Previously, Tristan was CEO of Apture, which Google acquired in 2011. Apture enabled millions of users to get instant, on-the-fly explanations across a vast publisher network.

Listen to the conversation as Sam and Tristan talk about the arms race for human attention, the ethics of persuasion, the consequences of having an ad-based economy, the dynamics of regret, and other topics.

http://wakingup.libsyn.com/71-what-is-technology-doing-to-us

(or use Overcast to listen at a faster speed — that’s what I do)

Here’s a taste of what Tristan’s all about:

Apple Watch

I’ve had a strange affinity for all things Apple lately. Most recently, against my better fiscal judgement I decided to pre-order the famous Apple Watch. It wasn’t an easy decision, I went back and forth with myself for months after it was first announced last September. I even hesitated for a couple of days after the pre-orders started on April 10th but even when I finally convinced myself it was ok to click the buy button I was left with a feeling of uncertainty.

After much anticipation with a dash of frustration (I opted for pick-up which meant navigating the perplexity that is the light-industrial area), it finally arrived at its new home on my wrist yesterday.

My first thoughts about the new gadget are probably similar to what others have said. It’s lovely — heavier than I imagined but then again I’ve never had a real watch before, (anything more than $50 has always been out of my price range). It’s shiny and black and fun to swipe and explore. Honestly, it doesn’t do a lot relative to the amazing iPhone 6 with which it’s paired, it’s just a lot of fun to take phone calls on my wrist, to see messages as they arrive, and to know the time again (all without resorting to the savagery of pulling my phone). I love it.

As others have talked about, Siri seems smarter than ever — though after the last update there seemed an improvement on her phone version too.

Probably most important, though not the most fun, I know for a fact I have missed at least one less phone call than I would have without it. Considering my living depends on catching such phone calls, perhaps the Apple Watch will pay for itself.

In case you’re wondering, I’m no longer uncertain if the watch is right for me. I would buy it again in a second.

iPhone 6

This week the world was introduced to iPhone 6. Last week I had my credit card number compromised which meant I wouldn’t have to stay up all night to order a phone that won’t even ship to me until October. I did, however, get a new card in the mail yesterday and the phone which I have been anxiously holding off through three generations of iPhones (four if you count the 5c) will finally be on it’s way in just another week. The photos I’m going to take are going to be amazing… I can’t wait.

Some might argue that spending so much money on a new Apple device would actually be much better spent on buying Apple stock. The $500USD that was spent on my first ipod (the iPod Photo 40gb) would have been a better investment in Apple stock considering that same $500 would now be worth $12470. While I really loved my iPod, it wasn’t worth $12.5K.

So this time around, I decided to have my cake and eat it too. I invested in the spring and so far I’ve made enough to pay for my iPhone just out of earnings. The tough part is deciding to pull my money out now or to let it ride for the long haul. This little chart, What if I had bought Apple stock instead? would suggest I should let it ride.

Update: it has arrived!

First-Person Hyperlapse Videos

At this year’s SIGGRAPH conference, Microsoft Research presented their First-Person Hyperlapse Videos. These videos are compiled of rendered hybrid frames from shaky head-cam footage turned into amazing time-lapse videos that flow smoothly. The dramatic improvement between the before and after is astounding.

We present a method for converting first-person videos, for example, captured with a helmet camera during activities such as rock climbing or bicycling, into hyperlapse videos: time-lapse videos with a smoothly moving camera.

They say they are working hard on making their Hyperlapse algorithm available as a Windows app.

Awesome.

Google Wave

Google Wave LogoThe other day a friend and I were talking about the history of messaging mediums and what the next generation of communication tools will look like. Snail mail, the telegraph, the telephone, fax, email, and instant messages have each taken their turn as the communication technology of the day but we wondered what the next iteration of such technology would do and how it would either replace or compliment our existing tools.

I’m happy to say we’re about to find out. I just learned about a brand new tool that is about to change everything. Google Wave is an amazing mash-up of chat, email, blogging, event planning, and document sharing all in one. I was sceptical too, at first, but check this out (at least some of it):


[Google Wave Developer Preview at Google I/O 2009 – YouTube]

Will it mean the beginning of the end of existing social networking sites like Facebook and Twitter? How will it affect usage of collaborative tools like Sharepoint and Basecamp? Well, I’ve always felt that outside of its core search business, Google has faced an uphill battle for user acceptance. I’m still shocked when I find friends refusing to upgrade from whatever ridiculous email provider they’re using to the super efficient and powerful Gmail.

I think that Google Wave’s openness and flexibility will be enough to overcome the tipping point of adoption though because of its inherent backwards compatibility. Twitter users can tweet from Twitter, while Facebook users can update their statuses from Facebook. Meanwhile Google Wave will consolidate everything into the interface of my choice and I can even respond back without reloading my browser.

I have seen the future; it is Google Wave.