Apple Posts Record Revenue, Twitter to Release Video App for iOS

In today’s mobile news roundup: Apple posted record revenue, investors still wary; Twitter to release video app for iOS soon;  One percent U-Verse subscribers affected by outage; and Google drops hints for Motorola X phone.

Apple posted record revenue, investors still wary


On Wednesday, Apple posted results for its 13-week fiscal 2013 first quarter ended December 29, 2012.  The company posted record quarterly revenue of $54.5 billion and record quarterly net profit of $13.1 billion, or $13.81 per diluted share.  Sales for the iPhone and the iPad were up at 47.8 million and 22.9 million compared to the numbers the same quarter a year ago at 37 million and 15.4 million, respectively.  Mac and iPod sales are down at 4.1 million and 12.7 million, compared to sales from the previous year of the same quarter at  5.2 million and 15.4 million, respectively.

Though number were up, investors are still squirmish, especially with rumor flying around regarding the future of the company.  Apple CEO Tim Cook knew shareholders were being affected by these rumors and addressed the issue during the earnings call.

“I want to take a moment and make a comment. I don’t want to comment on any particular rumor, but I’d question the accuracy of any kind of rumor about our plans. I’d stress that even if a particular data point were factual, it would be impossible to interpret [the meaning] for our overall business. Yields can vary, supplier performance can vary … there’s an inordinately long list of things that would make any single data point not a great proxy for what’s going on,” Cook said.

Despite Cook’s warning, investors are likely to continue being confused over Apple’s stock in the coming months, says Wikibon co-founder and senior analyst, David Vellante. He points out that Apple’s stock has performed at a rather high rate over the years, and sustainability will be an issue in the future.  See Vellante’s full analysis below:


Twitter to release video app for iOS soon


Twitter CEO Dick Costolo posted a six-second video on Twitter of a guy making a steak tartare.  What he used in posting the video is Vine, the video sharing startup Twitter bought last year.

According to AllThingsD, the video posted meant that the app is all set and ready to go, with sources familiar with the matter claiming it might even launch as early as today.

Vine is an iOS app so you won’t really see it on Twitter as a fully integrated app.  There’s a possibility that you can use Vine to post videos on other social networking sites.  Vine is like Instagram, but for videos.  It lets users share video clips that’s only six seconds long, and Vine users can also follow other users.

One percent U-Verse subscribers affected by outage


AT&T addressed the issue of the U-Verse outage, which started on Monday.  In a statement, AT&T said that U-Verse has about 7.4 million subscribers and one percent or 74,000 experienced the outage, which the company deems big.

“We know we have a U-verse issue affecting less than 1 percent of our U-verse subscribers, but that is too many. We are working hard to fix this and making progress — the issue is related to servers. We still are working to determine when service will be completely restored. We sincerely apologize for this,” AT&T said in a statement.

Affected subscribers come from at least 14 states including Arkansas, Georgia, Texas, Louisiana, South Carolina, North Carolina, Tennessee, Mississippi, Florida, Kentucky, Alabama and Oklahoma.

Google drops hints for Motorola X phone


Since Google’s $12 billion acquisition of Motorola Mobility, the search giant has yet to make a product with the company’s technology, but it seem like the two are planning something grand for the next Google phone.

Google CEO Larry Page stated that it is still in the early stages, and there are lots of issues to be addressed, such as battery life and the durability of the device.

“Battery life is a huge issue,” said Page. “You shouldn’t have to worry about constantly recharging your phone. When you drop your phone, it shouldn’t go splat. Everything should be a ton faster and easier. There’s real potential to invent new and better experiences.”

Could Page be hinting at the features of an upcoming Google phone from Motorola?  Could be, or he’s just addressing the general concerns of all phone makers.