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Rdio, the unlimited, on-demand social music service from the creators of Skype, today announced the availability of Rdio for iPad. Like the company’s popular iPhone app, Rdio for iPad lets users discover music through friends and other influencers as … Continue reading
Apple today announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The Company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 percent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue.
The Company sold 20.34 million iPhones in the quarter, representing 142 percent unit growth over the year-ago quarter. Apple sold 9.25 million iPads during the quarter, a 183 percent unit increase over the year-ago quarter. The Company sold 3.95 million Macs during the quarter, a 14 percent unit increase over the year-ago quarter. Apple sold 7.54 million iPods, a 20 percent unit decline from the year-ago quarter.
“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” said Steve Jobs, Apple’s CEO. “Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”
“We are extremely pleased with our performance which drove quarterly cash flow from operations of $11.1 billion, an increase of 131 percent year-over-year,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25 billion and we expect diluted earnings per share of about $5.50.”
Apple’s live stream of its Q3 2011 financial results conference call can be viewed at www.apple.com/quicktime/qtv/earningsq311. This webcast will also be available for replay for approximately two weeks thereafter.
[button color="blue" link="http://images.apple.com/pr/pdf/fy11q3datasum.pdf" target="_blank"]Q3 Data Summary (PDF)[/button]
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Today Amazon announced an optimized version of it’s popular Cloud Player for the iPad. Music Sink took a few minutes to check it out to see if it stands up to the desktop based offering. The short answer is yes. The … Continue reading
Amazon.com, Inc. today announced three enhancements to Amazon Cloud Drive and Cloud Player: storage plans that include unlimited space for music, free storage for all Amazon MP3 purchases and Cloud Player for Web, now on iPad.
“Customers are already enjoying Cloud Drive and Cloud Player and now for just $20 a year, customers can get unlimited space for music,” said Craig Pape Director of Amazon Music. “Additionally, we are adding free storage for all MP3s purchased from Amazon MP3, and support for the iPad. Our customers love Cloud Drive and Cloud Player and we’re excited to innovate these services on their behalf.”
Unlimited Space for Music
Now, for a limited time, Amazon customers who purchase a Cloud Drive storage plan will receive unlimited space for their MP3 and AAC (.m4a) music files. This offer is available for even the lowest price plan: $20/year for 20 GB of file storage plus unlimited space for music. Customers can visit (www.amazon.com/clouddrive/manage) to purchase a Cloud Drive storage plan and receive unlimited space for music.
Store all Amazon MP3 Purchases for Free
Customers can now store all of their Amazon MP3 purchases for free in Cloud Drive, including future MP3 purchases as well as all purchases made before the launch of Cloud Drive and Cloud Player. MP3s purchased from Amazon MP3 and stored in Amazon Cloud Drive will not count against a customer’s storage quota.
Cloud Player for Web on iPad
Also new, Cloud Player for Web on iPad. Cloud Player, combined with unlimited space for music in Cloud Drive, enables customers to play music stored in the cloud on any Android phone, Android tablet, Mac, PC, and now on their iPad. Cloud Player for Web has been optimized to offer customers streaming playback of their Cloud Drive music using the Safari browser for iPad. To access Cloud Player for iPad, customers simply open their Safari browser and visit (www.amazon.com/cloudplayer) to start listening to their music.
Storage for Music and More
All customers automatically start with 5 GB of free Cloud Drive storage to begin uploading their digital music library, and for a limited time, those who purchase any Cloud Drive storage plan will receive unlimited space for music at no additional cost. In addition to unlimited space for music, Cloud Drive allows customers to upload and store all kinds of digital files, including photos, videos and documents which are stored securely and available via web browser on any computer. Customers who qualified for 20 GB of free storage from earlier promotions will receive the unlimited space for music at no additional cost.
In March, Amazon launched Cloud Drive (www.amazon.com/clouddrive), Amazon Cloud Player for Web (www.amazon.com/cloudplayer), and Amazon Cloud Player for Android (www.amazon.com/cloudplayerandroid).
Together, these services enable customers to securely store music in the cloudand play it on any Android phone, Android tablet, Mac or PC, and now iPad, wherever they are. Customers can easily upload their music library to Amazon Cloud Drive and can save any new Amazon MP3 purchases directly to their Amazon Cloud Drive for free.
