Apple updates Final Cut Pro X

Apple today released Final Cut Pro X v10.0.3, a significant update to its  professional video editing application, which introduces multicam editing that automatically syncs up to 64 angles of video and photos; advanced chroma keying for handling complex adjustments right in the app; and enhanced XML for a richer interchange with third party apps and plug-ins that support the fast growing Final Cut Pro X ecosystem.

Available today as a free update from the Mac App Store, Final Cut Pro X v10.0.3 also includes a beta of broadcast monitoring that supports Thunderbolt devices as well as PCIe cards.

Click to read more ...

The Apple Beat: Earnings are High and Education and Enterprise are wide open for Apple

By Gadjo Cardenas Sevilla

Apple is riding high on it's latest revenue earnings numbers.  Apple announced a record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share for Q4 2011.

Click to read more ...

Jon Rubinstein leaves HP

By Gadjo Cardenas Sevilla

iPod engineering pioneer and former Palm CEO who was the face of webOS has left HP. The official quote from Hewlett and Packard is, "Jon has fulfilled his commitment to HP. We wish him well."

It seems Rubinstein's career has come full circle. He started his career at HP as a young and talented computer science and electrical enginnering graduate right out of Colorado State University. Rubenstein found his way back in HP many years later when, as then CEO of Palm, he was brought on board once Palm was acquired for 1.2 billion.

Click to read more ...

Apple makes US $13.06b profit, $46.33b revenue for Q1 2012

By Gadjo Cardenas Sevilla

Apple's making money. Lots of it.

The iPhone and iPad maker posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter.

International sales accounted for 58 percent of the quarter’s revenue.

“We’re thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs,” said Tim Cook, Apple’s CEO. “Apple’s momentum is incredibly strong, and we have some amazing new products in the pipeline.”

Apple sold 37.04 million iPhones, 15.43 million iPads and 5.3 million Macs during the quarter, increases of 154 percent, 111 percent, and 26 percent from last year. That's 4.4 iPhones every second for 14 weeks which is staggering considering that the iPhone 4S is only now starting to be made available to some markets such as China.

“We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.”