Archive for April, 2016
Movidius Fathom: Is this the USB stick your DIY hunter-killer drone has been waiting for?
Thursday, April 28th, 2016Apple Reports Second Quarter Results
Tuesday, April 26th, 2016“Our team executed extremely well in the face of strong macroeconomic headwinds,” said Tim Cook, Apple’s CEO. “We are very happy with the continued strong growth in revenue from Services, thanks to the incredible strength of the Apple ecosystem and our growing base of over one billion active devices.”
The Company also announced that its Board of Directors has authorized an increase of $50 billion to the Company’s program to return capital to shareholders. Under the expanded program, Apple plans to spend a cumulative total of $250 billion of cash by the end of March 2018.
“We generated strong operating cash flow of $11.6 billion and returned $10 billion to shareholders through our capital return program during the March quarter,” said Luca Maestri, Apple’s CFO. “Thanks to the strength of our business results, we are happy to be announcing today a further increase of the program to $250 billion.”
As part of the updated program, the Board has increased its share repurchase authorization to $175 billion from the $140 billion level announced last year. The Company also expects to continue to net-share-settle vesting restricted stock units.
The Board has approved an increase of 10 percent to the Company’s quarterly dividend, and has declared a dividend of $.57 per share, payable on May 12, 2016 to shareholders of record as of the close of business on May 9, 2016.
From the inception of its capital return program in August 2012 through March 2016, Apple has returned over $163 billion to shareholders, including $117 billion in share repurchases.
The Company plans to continue to access the domestic and international debt markets to assist in funding the program. The management team and the Board will continue to review each element of the capital return program regularly and plan to provide an update on the program on an annual basis.
Apple is providing the following guidance for its fiscal 2016 third quarter:
- revenue between $41 billion and $43 billion
- gross margin between 37.5 percent and 38 percent
- operating expenses between $6 billion and $6.1 billion
- other income/(expense) of $300 million
- tax rate of 25.5 percent
Apple will provide live streaming of its Q2 2016 financial results conference call beginning at 2:00 p.m. PDT on April 26, 2016 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.
This press release contains forward-looking statements including without limitation those about the Company’s estimated revenue, gross margin, operating expenses, other income/(expense), tax rate, and plans for dividends, share repurchases and public debt issuance. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company’s international operations; the Company’s reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company’s dependency on the performance of distributors, carriers and other resellers of the Company’s products; the effect that product and service quality problems could have on the Company’s sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of legal proceedings. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 26, 2015, its Form 10-Q for the fiscal quarter ended December 26, 2015, and its Form 10-Q for the fiscal quarter ended March 26, 2016 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, OS X, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.
Press Contact:
Kristin Huguet
Apple
khuguet@apple.com
(408) 974-2414
Investor Relations Contacts:
Nancy Paxton
Apple
paxton1@apple.com
(408) 974-5420
Joan Hoover
Apple
hoover1@apple.com
(408) 974-4570
Gear Diary Praises Drone World Phantom 3 Advanced
Tuesday, April 26th, 2016It always feels nice to leave behind a good impression, and it looks like we left behind another one. Reviewer Perry Brauner of Gear Diary recently tested one of our Phantom 3 Advanced drones, coming away totally impressed with the little quadcopter.
“Plain and simple, the DJI Phantom 3 Advanced is the most fun I’ve ever had piloting a drone,†Brauner gushed. “Its simple controls and fantastic stability can make even a novice drone pilot like myself feel invincible. â€
The Phantom 3 Advanced’s smart features and simple design knocked out Brauner. Priced at $799, the P3 Advanced includes a 2.7K (1520p) resolution video and 12 MP camera, linked to a three-axis gimbal. Powered by four motors, the Phantom 3 Advanced can travel up to 35 MPH and 25 min. of flight time (or so the factory says…). The Phantom 3 Advanced sensors enable the aircraft to hover indoors, while up to three dozen satellites provide accurate outdoor navigation. Like the Pro, the Phantom 3 Advanced can also stream hi-def video for up to 1 mile and standard-def for 3.
All those features make getting rich and smooth video, as well as simple maneuvers, a breeze. It’s no wonder the Phantom 3 quickly became the best-selling consumer drone ever. (At least till the Phantom 4 succeeds it…) DJI currently offers for variants of Phantom 3: Standard, 4K, Advanced, and Professional. Don’t be surprised if the Standard and 4K fall by the wayside as DJI concentrates on its higher-grade offerings.
Brauner did have one gripe with the Advanced: Signal range. “The 3.1 mile distance was tested by DJI in perfect conditions without obstacles or interference, but in my neighborhood, I could only get about 1,500 feet away before the video feed started cutting out.â€
Maybe we should supply him with one of our Phantom 3 Range Extenders and see the difference?
In the meantime, you can read more about Gear Diary’s report at http://goo.gl/cQGxc2
The post Gear Diary Praises Drone World Phantom 3 Advanced appeared first on Drone World Blog.
FY 16 Second Quarter Results Conference Call
Friday, April 22nd, 2016WHERE: Via conference call. The dial-in numbers for press are (877) 616-0071 (toll-free) or (816) 581-1577. Please enter confirmation code 988724.
WHEN: Tuesday, April 26, 2016, 2:00 p.m. PDT/5:00 p.m. EDT
REBROADCAST: The conference call will be available as a continuous rebroadcast beginning Tuesday, April 26 at 5:00 p.m. PDT/8:00 p.m. EDT through Tuesday, May 10 at 5:00 p.m. PDT/8:00 p.m. EDT. The dial-in numbers for the rebroadcast are (888) 203-1112 (toll-free) or (719) 457-0820. Please enter confirmation code 7495552.
WEBCAST: Apple will provide live audio streaming of its FY 16 Second Quarter Results Conference Call using Apple’s HTTP Live Streaming (HLS) technology. The live webcast will begin at 2:00 p.m. PDT on April 26, 2016 at www.apple.com/investor/earnings-call/ and will also be available for replay for approximately two weeks thereafter. Live audio streaming requires an iPhone®, iPad® or iPod touch® with Safari® on iOS 7.0 or later, a Mac® with Safari 6.0.5 or later on OS X® v10.8.5 or later, or a PC with Microsoft Edge on Windows 10.
This recording is the property of Apple and protected by US copyright law and international treaties. Any reproduction or distribution is strictly prohibited without prior written approval from Apple. Please contact Apple Public Relations or Investor Relations with any questions.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, OS X, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.
Press Contact:
Kristin Huguet
Apple
khuguet@apple.com
(408) 974-2414
ESPN to Air FPV Racing
Tuesday, April 19th, 2016ESPN, America’s largest cable sports network, has partnered with the International Drone Racing Association(IDRA) to air FPV racing live. This marks the first time that a major network has jumped aboard the up-and-coming FPV bandwagon.
FPV is short for First-Person-View, and refers to special goggles that allow a pilot to see through a drone’s camera remotely, as opposed to a separate monitor or mobile device. Dedicated racing drones can easily average speeds of 60-70 MPH, with some reaching top speeds around 100 MPH–hence the exhilaration from the FPV experience.
Prior to the ESPN deal, drone racing has relied on the Web for coverage. But the extraordinary growth in the drone market, and increasing interest in drone racing, have propelled an underground phenomenon into the mainstream.
The deal shows just how serious big media are taking this young sport. It also shows how fractious that sport still is. The IDRA is just one of several organizations trying to take the lead in the sport. The Drone Racing League is one example, which concluded its initial season in Tampa. Dubai hosted its own event, the World Drone Prix, just last month.
The IDRA’s first televised race airs this August on ESPN3. In the meantime, stay connected to Drone World for all your drone racing information.
The post ESPN to Air FPV Racing appeared first on Drone World Blog.
Apple Updates MacBook with Latest Processors, Longer Battery Life & New Rose Gold Finish
Tuesday, April 19th, 2016Apple’s Worldwide Developers Conference Kicks Off June 13 in San Francisco
Monday, April 18th, 2016Monday’s kickoff events, including the keynote address, will be held at the Bill Graham Civic Auditorium. The rest of the week’s conference sessions will take place at Moscone West.
“With four innovative operating systems and a new, intuitive programming language powering over 1 billion devices worldwide, there has never been a more exciting time to bring our developer community together,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “WWDC 2016 is going to be a landmark event for developers who are coding in Swift, and building apps and products for iOS, OS X, watchOS and tvOS. We can’t wait for everyone to join us — in San Francisco or through the live stream.”
Developers can apply for tickets via the WWDC website (developer.apple.com/wwdc/register/) now through Friday, April 22 at 10:00 a.m. PDT. Tickets will be issued to attendees through a random selection process, and developers will be notified on the status of their application by Monday, April 25 at 5:00 p.m. PDT. For the second consecutive year, there will be up to 350 WWDC Scholarships available, giving students and STEM organization members from around the world an opportunity to earn a ticket to meet and collaborate with some of the most talented developers of Apple’s ever-growing app ecosystem (developer.apple.com/wwdc/scholarships/). Additionally, this year, we will provide travel assistance to up to 125 scholarship recipients to ensure aspiring developers with financial limitations have an opportunity to participate.
WWDC 2016 activities include:
- over 1,000 Apple engineers supporting more than 150 hands-on labs and events to provide developers with code-level assistance, insight into optimal development techniques and guidance on how they can make the most of iOS, OS X, watchOS and tvOS technologies in their apps;
- access to the latest innovations, features and capabilities of iOS, OS X, watchOS and tvOS, and best practices for enhancing an app’s functionality, performance, quality and design;
- the opportunity to connect with thousands of fellow iOS, OS X, watchOS and tvOS developers from around the world — last year, 80 percent of developers attended for their first time, and in total, more than 70 countries were represented;
- a series of get-togethers for attendees focused on particular topics with special guest speakers and activities;
- engaging and inspirational lunchtime sessions with trailblazers and influencers from the worlds of technology, science and entertainment; and
- the Apple Design Awards which recognize iPhone®, iPad®, Apple Watch®, Apple TV® and Mac® apps that demonstrate technical excellence, innovation and outstanding design.
Worldwide Developers Conference sessions will be streamed live throughout the week via the WWDC website (developer.apple.com/wwdc/live/) and through the WWDC app, giving developers around the world access to the week’s news and events.
Visit the Apple Worldwide Developers Conference 2016 website (developer.apple.com/wwdc/register/) to apply for a ticket, as well as for updates and more information.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, OS X, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.
Press Contacts:
Lisa Israel
Apple
lisrael@apple.com
(408) 974-2118
Christine Monaghan
Apple
cmonaghan@apple.com
(408) 974-8850
Facebook Live Debuts on DJI Phantom
Friday, April 15th, 2016CEO Mark Zuckerberg revealed at this week’s F8 conference that Facebook will allow live video steaming from any camera, including the DJI Phantom Series. Just as Phantom pilots can stream video to YouTube, soon they will be able to stream footage to Facebook.
Phantom streaming to Facebook sounds nifty. And each side benefits from the partnership. DJI gains another big Silicon Valley name beside its banner. Facebook, meanwhile, finds another outlet for another app. Zuckerberg demonstrated the Phantom 4’s Facebook Live stream in front of an audience this week. The stream was in clear 720p, though Facebook and DJI were quick to point out that resolutions can be higher. OK, let’s be honest. Is this really a big deal for Phantom 4 owners? Kind of.
The Phantom pilot community is pretty active on Facebook, and any new outlet to deliver live feed is, well, a new outlet. And not even just for hobbyists. The P4’s improvement in video quality (as well as stability) has pushed the Phantom Series deeper into commercial-grade territory. In other words, don’t be surprised to see major networks–Engadget, CNBC, the Goat Enthusiasts’ Channel–upload their P4 footage to Facebook Live. It’s unclear how and when the FB Live integration will be offered on the Phantom range. When it is, we’ll keep you informed.
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