Apple Earnings: Quarterly net profit of $9.5 billion, 37.4 Million iPhones Sold; 19.5 Million iPads Sold

Apple today announced financial results for its fiscal 2013 second quarter ended March 30, 2013. The Company posted quarterly revenue of $43.6 billion and quarterly net profit of $9.5 billion, or $10.09 per diluted share. These results compare to revenue of $39.2 billion and net profit of $11.6 billion, or $12.30 per diluted share, in the year-ago quarter. Gross margin was 37.5 percent compared to 47.4 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter's revenue.

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The Apple Beat: Reviewing the First Year under Tim Cook

Text and photos by Gadjo Cardenas Sevilla

With the unenviable task of successfully steering Apple Inc. to new heights just a year after he took over from late founder Steve Jobs,  CEO Tim Cook has delivered on Apple's most eventful product year yet while continuing to make the tough decisions that keep Apple ahead of the competition.

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The Apple Beat: A Promise Fulfilled

By Gadjo Cardenas Sevilla

Yesterday's Apple Special Event was nothing short of monumental. While most people expected, and got, the iPad mini, Apple really went all out in terms of product refreshes. A new 13-inch MacBook Pro with Retina Display, a stunning new iMac (8 pounds less than the previous version), powerful new Mac minis and an upgraded full-sized iPad.  

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Apple CEO Tim Cook issues apology for Maps lapse

By Gadjo Cardenas Sevilla

Apple's CEO Tim Cook issued an apology to customers who may have experienced issues with the new Maps app that comes standard with iOS 6. In a letter on Apple.com, Cook stated that more than 100 million devices were already using the app, which have searched half a billion locations.

Cook's letter, which can be found in full after the break, promises that Maps will get better and gives users the option to download "map apps from the App Store like Bing, MapQuest and Waze, or use Google or Nokia maps by going to their websites and creating an icon on your home screen to their web app."

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