One big winner coming out of Apple’s developers’ conference on Monday is Twitter.
Apple CEO Steve Jobs emerged from medical leave to launch an Internet-based service for consumers called the iCloud, which lets users play their music and get access to their data from any Apple device. Jobs walked briskly onstage after James Brown’s “I Got You (I Feel Good)” blasted over the sound system, but shared the spotlight with other Apple execs who showcased Apple’s enhancements to its PC operating system and mobile platform.
Apple CEO Steve Jobs leaps back into the spotlight to unveil the iCloud, an online music storage and streaming service that investors hope will be the next source of growth for the maker of the popular iPhone and iPad mobile devices.
By Poornima Gupta
You could call it another victory lap for Steve Jobs.
John Lasseter, chief creative officer for Disney and Pixar and an old chum of the Apple CEO, credits the making of the new “Cars 2″ film to a single device: the iPad.
Apple reported quarterly revenue of $24.67 billion on strong iPhone and Mac sales, racing past Wall Street estimates. In the quarter, the company sold 18.65 million iPhones and 3.76 million Macintosh computers. Analysts expected 16.3 million and 3.64 million, respectively. Sales of iPads and iPods fell short. The number of iPads sold was 4.69 million, shy of the 6.3 million expected. Sales of iPods were 9 million, versus expectations of 9.85 million.
Intel forecast quarterly revenues well above Wall Street’s estimates despite a hiccup in sales of its Sandy Bridge processors after the discovery of a chipset design flaw and defying fears the world’s top chip maker is struggling to find its footing as personal computer sales growth wanes.
Apple sued rival Samsung Electronics claiming that Samsung’s Galaxy line of mobile phones and tablet “slavishly” copies the iPhone and iPad, according to court papers. The lawsuit, filed on Friday, alleges Samsung copied the look, product design and product user interface of Apple’s products. Samsung violated Apple’s patents and trademarks, the suit alleges.
Apple’s iPhone 5 isn’t expected to hit the market until Christmas or early next year, according to Business Insider’s Jay Yarow. Avian Securities said in a note, based on conversations with a “key component supplier” to Apple, that the the iPhone 5 should go into production in September and that Apple could also be developing a lower price/lower spec iPhone model, Yarrow writes.
Apple co-founder Steve Wozniak told Reuters he would consider returning to take an active role at the consumer electronics giant. Wozniak, a lifelong hands-on engineer, said he liked technology to be relatively open so that he could add his own touches. “My thinking is that Apple could be more open and not lose sales,” said Wozniak, but added: “I’m sure they’re making the right decisions for the right reasons for Apple.”