Apple's first budget in decline for 10 years low cost for iPhone ... - The Press

Into

Apple’s first budget in decline for 10 years
Cheap iPhone to stave off the crisis

But the board of directors authorizes the increase of the share buyback plan
and the title runs on the stock market

Into For the first time in ten years, Apple closed with a net profit down: the second quarter of the fiscal year is closed with a profit of $ 9.5 billion, 18% less than the 11.6 billion dollars in the same period of the previous year.

Into Total income grew to 43.6 billion dollars, compared to 39.2 billion in 2012. The estimates for the current quarter are below analysts’ expectations, but the title squirts on the Stock Exchange in trading after hours, arriving to gain 4.9% after the announcement of the doubling of the plan of return of capital to shareholders, for a spending of $ 100 billion by 2015. The board of directors of Cupertino has in fact authorized an increase of the buyback program by $ 50 billion, bringing the total to 60 billion dollars from 10 billion today.

Into Revised upward also dividends, which rose by 15%. “We are very fortunate to be in a position to double the amount of the capital return program announced last year. We belie ve that the repurchase of our shares represents a good way to use the capital, “says the CEO of Apple, Tim Cook, under fire for the disappointing results of the company and the strong downward pressure of the securities on the Stock Exchange. The many criticisms made against Cook have led some observers to speculate its output, according to some rumors, in fact, Apple would have already started the search for a new number one.

Into The Apple’s problem – according to the Wall Street Journal – is the crisis of identity that lives on Wall Street, who treats her like a company of hardware when it should see it with a hybrid software-hardware. “Apple is aware that growth is slowing down,” Cook highlights during the conference call for the presentation of results. “We are pleased to announce record revenues for the March quarter due to the continued strong performance of the iPhone and iPad,” says Cook, noting that “our tea ms are working on cool new hardware, software and services, and we are very excited about the products in our pipeline. ”

Into According to rumors Apple is working on a Cheap iPhone and an update of the iPhone 5, in addition to Apple Tv “Our cash generation remains very strong, with more than 12.5 billion in cash flow from operations During the quarter, with a final cash balance of 145 billion dollars, “explains the chief operating officer, Peter Oppenheimer. Apple in the second quarter sold 37.4 million iPhones, up from 35.1 million in the same period of the previous year. The iPad sold were 19.5 million compared to the 11.8 million of 2012