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Apple Reports Third Quarter Results

Apple Reports Third Quarter Results
Revenue Up 17 Percent and EPS Up 40 Percent to New June Quarter Records
Services Revenue Reaches New All-Time High
Cupertino, California — July 31, 2018 — Apple today announced financial results for its fiscal 2018 third quarter ended June 30, 2018. The Company posted quarterly revenue of $53.3 billion, an increase of 17 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.34, up 40 percent. International sales accounted for 60 percent of the quarter’s revenue.

“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” said Tim Cook, Apple’s CEO. “Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.”

“Our strong business performance drove revenue growth in each of our geographic segments, net income of $11.5 billion, and operating cash flow of $14.5 billion,” said Luca Maestri, Apple’s CFO. “We returned almost $25 billion to investors through our capital return program during the quarter, including $20 billion in share repurchases.”

Apple is providing the following guidance for its fiscal 2018 fourth quarter:

  • revenue between $60 billion and $62 billion
  • gross margin between 38 percent and 38.5 percent
  • operating expenses between $7.95 billion and $8.05 billion
  • other income/(expense) of $300 million
  • tax rate of approximately 15 percent before discrete items

Apple’s board of directors has declared a cash dividend of $0.73 per share of the Company’s common stock. The dividend is payable on August 16, 2018 to shareholders of record as of the close of business on August 13, 2018.

Apple will provide live streaming of its Q3 2018 financial results conference call beginning at 2:00 p.m. PDT on July 31, 2018 at www.apple.com/investor/earnings-call/. This webcast will also be available for replay for approximately two weeks thereafter.
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Apple Piazza Liberty now open in Milan

Apple Piazza Liberty now open in Milan
Apple Piazza Liberty opened in Milan this evening to thousands of customers who came to experience Apple’s new retail store design for the first time in Italy. Guests gathered on the public piazza and in the store below to join in the Today at Apple sessions and performances, which will continue all weekend.

Apple Piazza Liberty opens Thursday in Milan

Apple Piazza Liberty opens Thursday in Milan
Apple Piazza Liberty Will Revitalize a Piazza in the Center of Milan
Milan — Apple today premiered Apple Piazza Liberty, a new retail location that will revitalize a piazza in the center of Milan. The project, which includes both a grand public plaza and a store below, brings Apple’s latest retail design to Italy for the first time.

Just off the Corso Vittorio Emanuele, one of the most popular pedestrian streets in Milan, visitors will first see a dramatic glass fountain that serves as the entrance to the store and a backdrop to the large outdoor amphitheater. The piazza, clad in Beola Grigia, a stone used throughout Milan, is open to the public 24 hours a day and will host special events year-round amongst 14 Gleditsia Sunburst trees planted in the area.

“There’s no better expression of our vision for Apple stores serving as modern-day gathering places than Apple Piazza Liberty,” said Angela Ahrendts, Apple’s senior vice president of Retail. “In a city with such rich history of art, entertainment and creativity, it’s an honor to establish a space where anyone can be inspired to learn, create and connect with their neighbors.”
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Apple celebrates World Emoji Day

Apple celebrates World Emoji Day
More than 70 new emoji characters are coming to iPhone, iPad, Apple Watch and Mac later this year in a free software update. The new emoji designs, created based on approved characters in Unicode 11.0, include even more hair options to better represent people with red hair, gray hair and curly hair, a new emoji for bald people, and new smiley faces that bring more expression to Messages with a cold face, party face, pleading face and a face with hearts.

Joining the growing list of animals represented on the emoji keyboard are beautifully designed characters for the kangaroo, peacock, parrot and lobster, with the addition of new food emoji for mango, lettuce, cupcake, moon cake and other popular items.

Many additional characters across sports, symbols and more, will launch later this year, including a new superhero emoji, a softball, nazar amulet and infinity symbol.

Thousands of emoji are currently available on iOS, watchOS and macOS, including emotive smiley faces, gender-neutral characters, various clothing options, food types, animals, mythical creatures and more.

Apple supports Malala Fund expansion in Latin America

Apple supports Malala Fund expansion in Latin America

Collaboration Includes App Development Challenge with Apple Developer Academies in Brazil to Expand Girls’ Education

Rio de Janeiro — Apple today launched a new collaboration between its 10 Apple Developer Academies in Brazil and Malala Fund to advance girls’ education opportunities. As part of its new expansion into Latin America, Malala Fund, which works to provide safe, quality secondary education and opportunities for girls, has also offered grants to local advocates in Brazil. The advocates join Malala Fund’s network of Gulmakai champions and will implement projects across the country designed to empower girls, teachers and policymakers through skills development, school enrollment efforts and education advocacy.
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Apple launches new clean energy fund in China

Apple launches new clean energy fund in China
Ten Suppliers Will Jointly Invest in Climate Change Solutions in China
Cupertino, California — Apple today announced a new first-of-its-kind investment fund in China to connect suppliers with renewable energy sources. As part of Apple’s commitment to address climate change and increase the use of renewable energy within its supply chain, 10 initial suppliers and Apple will jointly invest nearly $300 million over the next four years into the China Clean Energy Fund. The fund will invest in and develop clean energy projects totaling more than 1 gigawatt of renewable energy in China, the equivalent of powering nearly 1 million homes.

”At Apple, we are proud to join with companies that are stepping up to address the climate challenge,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives. “We’re thrilled so many of our suppliers are participating in the fund and hope this model can be replicated globally to help businesses of all sizes make a significant positive impact on our planet.”

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Apple updates MacBook Pro with faster performance and new features for pros

Apple updates MacBook Pro with faster performance and new features for pros
Now Featuring Up to 6-Core Processors and 32GB of Memory, True Tone Display and the Apple T2 Chip
Cupertino, California — Apple today updated MacBook Pro with faster performance and new pro features, making it the most advanced Mac notebook ever. The new MacBook Pro models with Touch Bar feature 8th-generation Intel Core processors, with 6-core on the 15-inch model for up to 70 percent faster performance and quad-core on the 13-inch model for up to two times faster performance — ideal for manipulating large data sets, performing complex simulations, creating multi-track audio projects or doing advanced image processing or film editing.

Already the most popular notebook for developers around the world, the new MacBook Pro can compile code faster and run multiple virtual machines and test environments easier than before. Additional updates include support for up to 32GB of memory, a True Tone display and an improved third-generation keyboard for quieter typing. And with its powerful Radeon Pro graphics, large Force Touch trackpad, revolutionary Touch Bar and Touch ID, dynamic stereo speakers, quiet Apple-designed cooling system and Thunderbolt 3 for data transfer, charging and connecting up to two 5K displays or four external GPUs, it’s the ultimate pro notebook.

“The latest generation MacBook Pro is the fastest and most powerful notebook we’ve ever made,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “Now with 8th-generation 6-core processors, up to 32GB of system memory, up to 4TB of super fast SSD storage, new True Tone technology in its Retina display and Touch Bar, the Apple T2 chip for enhanced security and a third-generation quieter keyboard packed into its thin and light aluminum design with all-day battery life, it’s the best notebook for pro users.”
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The App Store turns 10

The App Store turns 10
How Creativity, Innovation and Entrepreneurship Ignited a Worldwide App Phenomenon
When Apple introduced the App Store on July 10, 2008 with 500 apps, it ignited a cultural, social and economic phenomenon that changed how people work, play, meet, travel and so much more. Over the past decade, the App Store has created a safe place for users of all ages to get the very best apps and a vibrant app economy for developers of all sizes, from all over the world, to thrive. Today, customers in 155 countries are visiting the App Store more often, staying longer and downloading and using more apps than ever before.

While there have been many notable moments since apps first came to iPhone and later iPad, the milestones and testimonials below reflect some of the most significant over the past 10 years — defining how the App Store democratized software distribution and transformed how we live every day.

I. The App Store Opens Doors for Developers, Puts an All New Experience in the Hands of Customers
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Apple’s free Schoolwork app now available for teachers

Apple’s free Schoolwork app now available for teachers
Makes It Easy to Create Assignments, View Student Progress and More

Millions of teachers around the world choose iPad as the best tool to help personalize learning and inspire creativity. Now with the free Schoolwork app, available today, teachers can easily create assignments, collaborate one-on-one with students, tap into the power of apps for learning and view and understand student progress. Schoolwork, along with Apple’s Classroom app, provides teachers around the world with powerful tools to enhance the learning experience and help both educators and students get more out of the technology they use in the classroom everyday.

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Apple News launches 2018 Midterm Elections section

Apple News launches 2018 Midterm Elections section
An Easy Way to Follow the Elections, With Reporting From Trusted Sources Curated by Apple News Editors
Cupertino, California — Apple today announced a new 2018 Midterm Elections section in Apple News, providing a new resource for timely, trustworthy midterm election information and helping news seekers access the most important reporting and analysis from a diverse set of publishers.

The 2018 Midterm Elections section helps readers follow the latest on the elections with breaking news, exclusive highlights and analysis from reliable sources selected by Apple News’ team of experienced editors. Readers can quickly get up to speed on the most relevant topics and candidates by accessing the new section in the Apple News app from a banner across the top of the For You tab, as well as through Top Stories and the Spotlight tab.
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