New places opening in Mumbai in 2012 -
1) Ellipsis (in place of villa 39) in colaba is a californian grill, designed by same architect as morimoto in napa valley, tao in new york & koi in los angeles.
2) M1-in famous studios mahalaxmi, 4000 sq ft, bar & lounge on ground floor, pan asian restaurant on first floor with korean, malaysian, indonesian, thai, chinese & vietnamese cuisine.
3) Nido, near Olive in Bandra. 3000 sq f all day restaurant by owners of Aurus.
4) Obataimu in Kala Ghoda, funky gift retail outlet cum bar.
5) Mamagoto restaurant & bar, delhi chain with Japanese & thai food.
6) Just Falafel, dubai based chain.
7) Soho House, Juhu, london based members only club with restaurant & bar, pool.
8) F bar, India bulls centre, parel, 10,00 sq ft restaurant & lounge, world cuisine, indoors & outdoors.
9) 212, colaba. worli based restaurants 2nd branch in Mumbai.
10) Megu, new york based japanese restaurant opening at the Leela Kempinski hotel near the airport. :)
Tuesday, April 24, 2012
Wednesday, April 18, 2012
IGrill. The new application!
WHAT'S HAPPENING
Outdoor entertaining is a backyard tradition. But why should the grillmeister miss all the fun? iGrill, a Bluetooth-enabled thermometer, lets chefs mingle with the guests instead of hovering over the coals.
iGrill works as a standalone thermometer but earns its keep with remote apps. Once they set the desired temperature, chefs can wander anywhere within a 200-foot range. As soon as the meat is ready, iGrill beeps and sends an alert to their iPhone, iPad or iTouch device.
Available in black or white, iGrill comes with recipes and handy tips like how to debone a fish.
App-happy consumers love controlling every aspect of their lives with their trusty smartphones. And while frivolous apps abound, this one is actually useful. Presetting temperatures for grilled meats eliminates a lot of guesswork: No more charred burgers or undercooked chicken!
Outdoor living continues to go high tech. Add iGrill to the growing list of plugged-in
barbecue accessories, from infrared grills to outdoor fridges.
RESOURCES
iGrill retails for $80
https://www.iconoculture.com/SMART/public/view.aspx?ContentID=337677
Outdoor entertaining is a backyard tradition. But why should the grillmeister miss all the fun? iGrill, a Bluetooth-enabled thermometer, lets chefs mingle with the guests instead of hovering over the coals.
iGrill works as a standalone thermometer but earns its keep with remote apps. Once they set the desired temperature, chefs can wander anywhere within a 200-foot range. As soon as the meat is ready, iGrill beeps and sends an alert to their iPhone, iPad or iTouch device.
Available in black or white, iGrill comes with recipes and handy tips like how to debone a fish.
App-happy consumers love controlling every aspect of their lives with their trusty smartphones. And while frivolous apps abound, this one is actually useful. Presetting temperatures for grilled meats eliminates a lot of guesswork: No more charred burgers or undercooked chicken!
Outdoor living continues to go high tech. Add iGrill to the growing list of plugged-in
barbecue accessories, from infrared grills to outdoor fridges.
RESOURCES
iGrill retails for $80
https://www.iconoculture.com/SMART/public/view.aspx?ContentID=337677
Wednesday, April 4, 2012
Some thoughts on Socialism
The UP elections have just recently concluded & the ELEPHANT has been thrown into the wilderness. While we as a nation mull over what's going to happen & how this will effect DELHi & central politics I cannot but help myself from thinking about how I saw the world & politics till a few years back!
While in college & for a few years post that (in my early 20's) I was certain the socialist economy is the best way for a country to survive. China, after all wasn't doing too badly while all the Scandinavian country's were just doing brilliantly. One look at Norway, Sweden or Finland & you will soon see that life or standard of living is excellent in any of these nations.
Then, what's gone wrong.. in my head I don't believe in that system anymore... SO why? Just a few pegs down I've realized the basic & fundamental truth points..
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving. (that's obvious inst it! Someone has to MAKE money!)
3. The government cannot give to anybody anything that the government does not first take from somebody else. (To be a lender you have to be a borrower 1st!)
4. You cannot multiply wealth by dividing it! (Duh!)
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation ( & I think we as Indians are going down that route very, very quickly, all thanks to vote bank politics!)
Wednesday, February 15, 2012
THE LOOK OF LOVE
Love/hate may be the best way to describe humans’ collective relationship with Valentine’s Day. As in, love the partner; hate the restaurant-reservation scramble. Or love free candy; hate the looks of pity from people who think that “single” is the saddest word in the world.
Mixed emotions haven’t slowed spending. According to an American Express survey, consumers expect to shell out an average of $196 on the holiday this year, an 8% jump from 2011. More than half plan to pick up a gift — 54%, vs. 41% last year. And a growing number of singles are getting out there, making V Day their day, too.
And why shouldn’t they? In her new book, Outdated: Why Dating Is Ruining Your Love Life , blogger/author Samhita Mukhopadhyay takes on society’s narrow relationship conventions, which tend to ignore, for example, race/class/sexual orientation differences¬¬. When few reports that married adults barely outnumber singles in the US, it’s big news, but among African Americans and Latinos, the unmarried have been in the majority for a good while (PewResearch.org, 11 December 2011). They still have love, partnership and community in their lives, just in different forms.
Mukhopadhyay’s Occupy Valentine’s Day Tumblr campaign urges everyone to celebrate the full spectrum of relationships, and to do it on their own terms. With an army of unapologetic singles out there, Valentine’s Day could look more like it did in the third grade: Everyone gets something and no one feels left out.
What does this mean for marketers?
1. Leaving out singles in any Valentine’s Day promotion is leaving money on the table. They’re not also-rans. And even bitter singles are sick of having the bitter-single cliché shoved in their faces.
2. Friends and family aren’t just highly valued by both single and coupled African American and Latino consumers. They’re leaned on in ways that can make giving something back on Valentine’s Day an easy sell.
3. Celebrating independence may work with single black women (and most single women, really), but it’s low on emotional resonance. Fulfilled, happy, optimistic, complete — how independence makes them feel is what connects.
4. Standard Valentine’s Day expectations seem a little grown-up to down-aging adults in their 20s and 30s. Fun and whimsy in messaging could take the edge off all the pressure.
5. Casting a wider love net won’t keep people from buying flowers and chocolate. In fact, it could mean buying more of everything — for the spouse, mom, friend and/or oneself.
Mixed emotions haven’t slowed spending. According to an American Express survey, consumers expect to shell out an average of $196 on the holiday this year, an 8% jump from 2011. More than half plan to pick up a gift — 54%, vs. 41% last year. And a growing number of singles are getting out there, making V Day their day, too.
And why shouldn’t they? In her new book, Outdated: Why Dating Is Ruining Your Love Life , blogger/author Samhita Mukhopadhyay takes on society’s narrow relationship conventions, which tend to ignore, for example, race/class/sexual orientation differences¬¬. When few reports that married adults barely outnumber singles in the US, it’s big news, but among African Americans and Latinos, the unmarried have been in the majority for a good while (PewResearch.org, 11 December 2011). They still have love, partnership and community in their lives, just in different forms.
Mukhopadhyay’s Occupy Valentine’s Day Tumblr campaign urges everyone to celebrate the full spectrum of relationships, and to do it on their own terms. With an army of unapologetic singles out there, Valentine’s Day could look more like it did in the third grade: Everyone gets something and no one feels left out.
What does this mean for marketers?
1. Leaving out singles in any Valentine’s Day promotion is leaving money on the table. They’re not also-rans. And even bitter singles are sick of having the bitter-single cliché shoved in their faces.
2. Friends and family aren’t just highly valued by both single and coupled African American and Latino consumers. They’re leaned on in ways that can make giving something back on Valentine’s Day an easy sell.
3. Celebrating independence may work with single black women (and most single women, really), but it’s low on emotional resonance. Fulfilled, happy, optimistic, complete — how independence makes them feel is what connects.
4. Standard Valentine’s Day expectations seem a little grown-up to down-aging adults in their 20s and 30s. Fun and whimsy in messaging could take the edge off all the pressure.
5. Casting a wider love net won’t keep people from buying flowers and chocolate. In fact, it could mean buying more of everything — for the spouse, mom, friend and/or oneself.
Tuesday, February 14, 2012
India’s DTH base ends 2011 with 45 million subscribers
India’s DTH pay TV market ended 2011 with almost 44.4 million subscribers, 30 million of which were on a net basis. This is equivalent to 25-30 per cent average market share, according to Media Partners Asia’s (MPA) latest research findings.
Dish TV continues to lead with a market share of 28.2 per cent, while late entrant Videocon D2H has seen robust additions to surpass Big TV. Tata Sky and Airtel Digital TV have 19 per cent and 16 per cent market share, respectively.
Big TV and Sun Direct have seen limited growth due to funding, churn and legacy satellite issues.
In November 2011, major operators implemented price increases, largely across basic packs, while also lowering trade margins by Rs 200-250 per new subscriber (US$ 4-5 per subscriber). The price hikes should boost ARPUs (average revenue per user) and, together with lease rentals, will help offset rising subscriber acquisition costs (SAC) from a depreciating rupee. Lowering of trade margins post festive season will also help to check the high rotational churn in the DTH industry.
The fourth quarter of fiscal 2011 marked a fresh peak and trough for the DTH pay TV market in India in terms of gross subscriber additions. While the industry added 1.6 million subscribers in October, a mere 0.61 million came on board in December. The quality of subscriber additions from this point onwards is expected to be superior, resulting in improved churn and better yields.
If key issues on capacity and after-sales service are addressed, the government’s mandatory digitalisation drive could be a significant catalyst for DTH to grab high-ARPU customers and increase reach in larger TAM meter markets, says the MPA research. MSOs envisage about 15-20 per cent churn in cable subscribers to DTH. Some operators expect this could grow in excess of 30 per cent in the early stages of Phase I deployment.
There is also a need to ramp up after-sales service by DTH companies, as the lead time to address a given complaint ranges from three to five days and is highly subject to the minimum number of enquiries received and the number of on-ground engineers. Satellite operators are also concerned about the capacity constraints to carry signals on the currently used FSS or Fixed Service Satellite band. Amongst major DTH operators, Dish and Airtel are adequately placed in terms of channel capacity for Phase I mandatory cable digitalisation.
Dish TV: It has launched its DVR service for its HD subscribers called truHD+. The DVR service is priced at Rs 2,690 per subcriber, which is at a steep discount of 45-55 per cent compared to its competitors’ offerings. The company has launched a new marketing campaign – ‘Dish sawaar hai’ – with an ad spend of Rs 25 crore. Out of the total gross base of 12.5 million subscribers on Dish TV, about 2 per cent are on HD.
Price hikes in November and a more aggressive push on HD services will improve ARPUs, but SAC will remain under pressure. Subscriber additions will remain slow as indicated from the company’s revision in guidance of annual gross subscriber additions from 3-3.5 million to 2.6-2.7 million.
Tata Sky: The company has recently introduced on-demand services, which includes catch-up TV and access to a library of 500-1,000 movies for premium subscribers. Tata Sky has been the most aggressive on value-added services, which on average contribute a relatively high 9-11 per cent to its monthly subscription revenues. Moreover, the segment is profitable net of all expenses including content, bandwidth consumption, advertising, promotion and taxes. Also, the operator leads the market in terms of the contribution of HD subscribers to monthly additions. Most of these additions have come from its existing subscribers upgrading to HD.
Airtel: Metros constitute 8-11 per cent of monthly subscriber additions. The company remains focused on its core operations, ramping up customer care services, HD content offerings and stocking up STBs. The company’s ARPU is tracking at Rs 160 per month.
Videocon D2H: The fast-growing DTH operator is looking to sell a minority stake of around 20-25 per cent to a PE firm, according to the MPA report.
Article source: Info@BestMediaInfo.com
Dish TV continues to lead with a market share of 28.2 per cent, while late entrant Videocon D2H has seen robust additions to surpass Big TV. Tata Sky and Airtel Digital TV have 19 per cent and 16 per cent market share, respectively.
Big TV and Sun Direct have seen limited growth due to funding, churn and legacy satellite issues.
In November 2011, major operators implemented price increases, largely across basic packs, while also lowering trade margins by Rs 200-250 per new subscriber (US$ 4-5 per subscriber). The price hikes should boost ARPUs (average revenue per user) and, together with lease rentals, will help offset rising subscriber acquisition costs (SAC) from a depreciating rupee. Lowering of trade margins post festive season will also help to check the high rotational churn in the DTH industry.
The fourth quarter of fiscal 2011 marked a fresh peak and trough for the DTH pay TV market in India in terms of gross subscriber additions. While the industry added 1.6 million subscribers in October, a mere 0.61 million came on board in December. The quality of subscriber additions from this point onwards is expected to be superior, resulting in improved churn and better yields.
If key issues on capacity and after-sales service are addressed, the government’s mandatory digitalisation drive could be a significant catalyst for DTH to grab high-ARPU customers and increase reach in larger TAM meter markets, says the MPA research. MSOs envisage about 15-20 per cent churn in cable subscribers to DTH. Some operators expect this could grow in excess of 30 per cent in the early stages of Phase I deployment.
There is also a need to ramp up after-sales service by DTH companies, as the lead time to address a given complaint ranges from three to five days and is highly subject to the minimum number of enquiries received and the number of on-ground engineers. Satellite operators are also concerned about the capacity constraints to carry signals on the currently used FSS or Fixed Service Satellite band. Amongst major DTH operators, Dish and Airtel are adequately placed in terms of channel capacity for Phase I mandatory cable digitalisation.
Dish TV: It has launched its DVR service for its HD subscribers called truHD+. The DVR service is priced at Rs 2,690 per subcriber, which is at a steep discount of 45-55 per cent compared to its competitors’ offerings. The company has launched a new marketing campaign – ‘Dish sawaar hai’ – with an ad spend of Rs 25 crore. Out of the total gross base of 12.5 million subscribers on Dish TV, about 2 per cent are on HD.
Price hikes in November and a more aggressive push on HD services will improve ARPUs, but SAC will remain under pressure. Subscriber additions will remain slow as indicated from the company’s revision in guidance of annual gross subscriber additions from 3-3.5 million to 2.6-2.7 million.
Tata Sky: The company has recently introduced on-demand services, which includes catch-up TV and access to a library of 500-1,000 movies for premium subscribers. Tata Sky has been the most aggressive on value-added services, which on average contribute a relatively high 9-11 per cent to its monthly subscription revenues. Moreover, the segment is profitable net of all expenses including content, bandwidth consumption, advertising, promotion and taxes. Also, the operator leads the market in terms of the contribution of HD subscribers to monthly additions. Most of these additions have come from its existing subscribers upgrading to HD.
Airtel: Metros constitute 8-11 per cent of monthly subscriber additions. The company remains focused on its core operations, ramping up customer care services, HD content offerings and stocking up STBs. The company’s ARPU is tracking at Rs 160 per month.
Videocon D2H: The fast-growing DTH operator is looking to sell a minority stake of around 20-25 per cent to a PE firm, according to the MPA report.
Article source: Info@BestMediaInfo.com
Tuesday, February 7, 2012
What being slim means for Indian consumers?
Provided by: Iconoculture Quantified Analysis
Source date: W1.1, 2010
KEY INSIGHTS
More than half of Indian consumers, regardless of lifestage, equate slim with healthy. This indicates that health concerns may be the top reason why people in India keep a diet or exercise to lose weight.
The second most popular association for being slim is “I am in control of my life,” which may relate to portion control and over-eating.
Being slim also translates to attractiveness. Youth, young adults and midlifers all have the same set of statements that they associate most with being slim.
The only exception is seniors, who think that their slim figure may be a sign of weak health.
WHAT THIS MEANS TO BUSINESS
Consumers are bombarded with media messages of slim models/actors/public figures who are made up to look half their actual age in TV commercials and public propaganda material. Slim, therefore, means young and healthy, to a majority of consumers. The idea of losing weight, exercising and keeping fit are equated with good health in these media messages.
Youthful looks are very important to consumers fighting the ageing battle. Being slim somehow wins half that battle for them.
This data information is provided by © 2012 Iconoculture, a Corporate Executive Board company. Iconoculture is a registered trademark of Iconoculture, a Corporate Executive Board company. All rights reserved.
Wednesday, January 25, 2012
Some Context For Apple's Massive Numbers
Simply looking over the numbers, it might be hard to wrap your head around what Apple (AAPL) just announced for their Q1 2012 results. A company this big is not supposed to be able to nearly double revenue year-to-year. Nor are they supposed to more than double profit. But Apple did both. The numbers are so big that they almost seem like they should be typos — especially coming after a quarter that was a “miss” (though we can now clearly see what a joke that “miss” was). So perhaps it’s best to point out some bigger numbers and to frame some of them in ways to make them easier to understand. That’s what all of Twitter seemed to be doing anyway during the earnings call this afternoon.
Apple’s profit of $13.1 billion was equal to their revenue in Q4 2010, as Jordan Golson notes. To be clear, that was just a year and a quarter ago. That’s how quickly Apple is growing.
Apple added $38 billion in cash to its reserves just in the past year alone, as Horace Dediu points out. They now have $97.6 billion in cash and equivalents. $64 billion of that is offshore, Apple CFO Peter Oppenheimer stated during the call — meaning, it would cost money (taxes) to bring it back into the U.S.
Apple’s cash hoard alone is worth more than all but 52 companies on Earth, as Dennis Berman notes.
Apple earned more money last quarter than the entire company was worth (in terms of market cap) just eight years ago, as Mathew Ingram relays from Eddy Elfenbein.
Apple likely sold three times as many iPads as Amazon (AMZN) sold Kindle Fires. At twice the price. And at a profit, as Jon Fortt notes. When asked about the impact of the lower-cost tablets, Apple CEO Tim Cook specifically mentioned the Kindle Fire and noted that when looking over Apple’s numbers, they didn’t seem to see any impact (positive or negative) from the Kindle Fire being on the market.
Apple’s revenues, while massive, are nothing compared to a company like Walmart (WMT), which reported $109.5 billion in revenue last quarter. BUT that $109.5 billion only turned into $3.3 billion of actual income for the quarter. In other words, Walmart has more than double the revenues of Apple, but Apple has more than four times the profits of Walmart. That’s remarkable.
Apple’s profits place them on this exclusive list of the most profitable quarters among corporations. You’ll note that Apple is the only company on the list that’s not an oil and gas company. And they’re a “mere” $3.2 billion from the top spot.
Back in July, we noted that while Apple was destroying their tech peers in profits, HP still held the revenue crown. Not anymore. HP’s (HPQ) last reported quarter (in November) saw the company announce $32.1 billion in revenue. They’ll report Q1 2012 earnings in about a month, but if history is any guide, Apple will be far, far ahead of both numbers. Likely well over $10 billion ahead.
It was only October of 2010 when Apple passed Microsoft (MSFT) in terms of revenue. At the time, Apple posted $20.34 billion — they’re well beyond double that now. Microsoft’s most recent quarter saw record revenue of $20.9 billion. Again, Apple came in at $46.33 billion.
Meanwhile, it was only April of last year that Apple surpassed Microsoft’s in profit. This past quarter, Microsoft’s net income was $6.62 billion. Apple’s was $13.06 billion.
The iTunes Store alone generated 50 percent more revenue than all of Yahoo (YHOO) did last quarter, as Jordan Golson notes.
Likewise, the amount Apple paid to third-party developers via the App Store last quarter ($700 million) is more than double Yahoo’s overall profits. (Overall, Apple has paid over $4 billion to third-party developers now via the App Store.)
It would take TechCrunch parent AOL (AOL) cloning itself 124 times to be as big as Apple, notes Mike Brown Jr. No idea what the metric is there, but sounds about right. (See: update at bottom)
Apple’s profits for the last quarter exceed Google’s (GOOG) entire revenue for the last quarter, as Farhad Manjoo points out. And it’s not even close ($13 billion to $10.6 billion). Think about that for a second.
And actually, Apple’s profit for the entire year now beats Google’s revenue for the entire year, as Marcel Molia points out. That gap is likely to get bigger given the most recent quarter.
After a short halt in after-hours trading following the earnings release, Apple’s stock popped nearly 10 percent from where it closed at the end of the day. Since then, it has settled back into the $450-a-share range which would be far and away a new record high for the stock if and when it opens around there tomorrow. That surge also pushes Apple well beyond the $400 billion market cap — and once again past Exxon (XOM) as the most valuable public company in the world.
At over $400 billion, Apple is now worth more than Greece, CNN Tech says.
Towards the end of the earnings call, Tim Cook dropped a huge nugget of information: led by 15 million iPads sold last quarter, the tablet market is now larger than the entire desktop PC market. Someday in the not-too-distant future, the tablet market will be bigger than all of the PC market, he predicts. (Apple has sold 55 million iPads since the original launch in April 2010, Cook revealed.)
Apple’s gross margin for the quarter was 44.7 percent — a number which Oppenheimer stated he’s never seen in his 15 years at Apple. Of note, he also doesn’t expect Apple to ever post a margin that high again.
Apple sold half as many Apple TVs last quarter (1.4 million) as they did for the entire previous fiscal year. But Cook still considers the product a “hobby” — though it’s one he “couldn’t live without”.
Apple’s profit last quarter was $3 billion more than all of Hollywood’s gross box office receipts for all of last year, notes Eric Spiegelman via Anthony De Rosa.
With 37 million iPhones sold last quarter, Apple is now the largest smartphone marker, besting Samsung’s (guesstimated) 35 million, as The Next Web remembers.
Apple is now selling twice as many iPads to K-12 schools as Macs. Perhaps that will help with this issue.
Apple’s profit of $13.1 billion was equal to their revenue in Q4 2010, as Jordan Golson notes. To be clear, that was just a year and a quarter ago. That’s how quickly Apple is growing.
Apple added $38 billion in cash to its reserves just in the past year alone, as Horace Dediu points out. They now have $97.6 billion in cash and equivalents. $64 billion of that is offshore, Apple CFO Peter Oppenheimer stated during the call — meaning, it would cost money (taxes) to bring it back into the U.S.
Apple’s cash hoard alone is worth more than all but 52 companies on Earth, as Dennis Berman notes.
Apple earned more money last quarter than the entire company was worth (in terms of market cap) just eight years ago, as Mathew Ingram relays from Eddy Elfenbein.
Apple likely sold three times as many iPads as Amazon (AMZN) sold Kindle Fires. At twice the price. And at a profit, as Jon Fortt notes. When asked about the impact of the lower-cost tablets, Apple CEO Tim Cook specifically mentioned the Kindle Fire and noted that when looking over Apple’s numbers, they didn’t seem to see any impact (positive or negative) from the Kindle Fire being on the market.
Apple’s revenues, while massive, are nothing compared to a company like Walmart (WMT), which reported $109.5 billion in revenue last quarter. BUT that $109.5 billion only turned into $3.3 billion of actual income for the quarter. In other words, Walmart has more than double the revenues of Apple, but Apple has more than four times the profits of Walmart. That’s remarkable.
Apple’s profits place them on this exclusive list of the most profitable quarters among corporations. You’ll note that Apple is the only company on the list that’s not an oil and gas company. And they’re a “mere” $3.2 billion from the top spot.
Back in July, we noted that while Apple was destroying their tech peers in profits, HP still held the revenue crown. Not anymore. HP’s (HPQ) last reported quarter (in November) saw the company announce $32.1 billion in revenue. They’ll report Q1 2012 earnings in about a month, but if history is any guide, Apple will be far, far ahead of both numbers. Likely well over $10 billion ahead.
It was only October of 2010 when Apple passed Microsoft (MSFT) in terms of revenue. At the time, Apple posted $20.34 billion — they’re well beyond double that now. Microsoft’s most recent quarter saw record revenue of $20.9 billion. Again, Apple came in at $46.33 billion.
Meanwhile, it was only April of last year that Apple surpassed Microsoft’s in profit. This past quarter, Microsoft’s net income was $6.62 billion. Apple’s was $13.06 billion.
The iTunes Store alone generated 50 percent more revenue than all of Yahoo (YHOO) did last quarter, as Jordan Golson notes.
Likewise, the amount Apple paid to third-party developers via the App Store last quarter ($700 million) is more than double Yahoo’s overall profits. (Overall, Apple has paid over $4 billion to third-party developers now via the App Store.)
It would take TechCrunch parent AOL (AOL) cloning itself 124 times to be as big as Apple, notes Mike Brown Jr. No idea what the metric is there, but sounds about right. (See: update at bottom)
Apple’s profits for the last quarter exceed Google’s (GOOG) entire revenue for the last quarter, as Farhad Manjoo points out. And it’s not even close ($13 billion to $10.6 billion). Think about that for a second.
And actually, Apple’s profit for the entire year now beats Google’s revenue for the entire year, as Marcel Molia points out. That gap is likely to get bigger given the most recent quarter.
After a short halt in after-hours trading following the earnings release, Apple’s stock popped nearly 10 percent from where it closed at the end of the day. Since then, it has settled back into the $450-a-share range which would be far and away a new record high for the stock if and when it opens around there tomorrow. That surge also pushes Apple well beyond the $400 billion market cap — and once again past Exxon (XOM) as the most valuable public company in the world.
At over $400 billion, Apple is now worth more than Greece, CNN Tech says.
Towards the end of the earnings call, Tim Cook dropped a huge nugget of information: led by 15 million iPads sold last quarter, the tablet market is now larger than the entire desktop PC market. Someday in the not-too-distant future, the tablet market will be bigger than all of the PC market, he predicts. (Apple has sold 55 million iPads since the original launch in April 2010, Cook revealed.)
Apple’s gross margin for the quarter was 44.7 percent — a number which Oppenheimer stated he’s never seen in his 15 years at Apple. Of note, he also doesn’t expect Apple to ever post a margin that high again.
Apple sold half as many Apple TVs last quarter (1.4 million) as they did for the entire previous fiscal year. But Cook still considers the product a “hobby” — though it’s one he “couldn’t live without”.
Apple’s profit last quarter was $3 billion more than all of Hollywood’s gross box office receipts for all of last year, notes Eric Spiegelman via Anthony De Rosa.
With 37 million iPhones sold last quarter, Apple is now the largest smartphone marker, besting Samsung’s (guesstimated) 35 million, as The Next Web remembers.
Apple is now selling twice as many iPads to K-12 schools as Macs. Perhaps that will help with this issue.
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