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Free software will result in $900 million deferral at Apple

Turns out that free comes at a cost.

Last week, Apple announced that it planned to make iLife, iWork, and Mavericks software available for free. "We are turning the industry on its ear," CEO Tim Cook said.

But in the conference call Monday following the release of the company's fiscal fourth quarter, Apple said that the company will need to defer a larger portion of sales of those devices, or about $900 million in revenue, to pay for it.

The company has been deferring revenue on many existing products, including iOS devices and Macs as part of … Read more

Apple's 2013 by the numbers: 150M iPhones, 71M iPads

Another year is in the bag for Apple.

No, the iPhone, iPad, and Mac maker has not somehow found a way to make the 12-month calendar two months thinner. It's the end of its fiscal year, which wrapped up last month and has just been reported.

The company tallied up $7.5 billion in profits on $37.5 billion of sales in its fourth quarter, led once again by the iPhone.

Here's how Apple did when stacking up its results for the entire year:

$170.9 billion in revenue.

$37 billion in profits.

150.2 million iPhones sold (… Read more

Apple's Q4 racks up $37.5B in sales, 33.8M iPhones, 14.1M iPads

Apple's iPhone once again led the company to earnings that were higher than what Wall Street expected.

On Monday, Apple reported fourth-quarter earnings of $8.26 per share on sales of $37.5 billion. Analysts, on average, forecast the company to post earnings of $7.92 per share on sales of $36.8 billion.

Apple said it sold 33.8 million iPhones, 14.1 million iPads, 4.6 million Macs, and 3.5 million iPods during the quarter. Wall Street was expecting sales of around 32 million iPhones, 15 million iPads, 4.26 million Macs, and 4.2 million … Read more

As Apple unleashes new iPads, Wall Street homes in on iPhones

Apple reports its fourth-quarter earnings on Monday, and once again all eyes are on the iPhone.

That's not a new story for Apple's financial health, the bulk of which is fueled by the now six-year-old product line. But this quarter's special. It includes, for the first time, two new iPhones -- the 5S and 5C.

Those phones hit store shelves last month and only eight days of initial sales are included as part of this quarter. Still, with a record 9 million phones sold in the opening weekend, Wall Street's anticipating that Apple will post its … Read more

7 things to expect at Apple's Oct. 22 event

October 22 is Apple's big chance to show off what's expected to be the last batch of products for the year.

A little more than a month after releasing its latest pair of iPhones, Tuesday's event -- the invitations for which proclaim "We still have a lot to cover" -- should bring new versions of the iPad, as well as updated Macs and a price and release date for OS X Mavericks.

That's almost exactly what happened this time last year, when Apple took the wraps off the iPad Mini. A second generation of … Read more

Apple's iPad event reportedly set for October 22

Apple will hold a special event later this month to unveil new iPads, along with the Mac Pro and OS X Mavericks.

That's happening on Tuesday, October 22, says AllThingsD, which has a very good track record on Apple event times.

The date is the same as Nokia's Nokia World event, which takes place in Abu Dhabi and is expected to bring new Lumia phones. It's also the same day Microsoft's Surface 2 tablets go on sale.

It remains unclear where exactly Apple plans to hold its event. Last month's iPhone 5S and 5C unveiling … Read more

Apple's iPhone-centric fourth-quarter earnings set for Oct. 28

Apple plans to announce its fourth-quarter financial results on Monday, October 28.

The results will bring a more complete look at Apple's early iPhone 5S and 5C sales, which began September 20. The company's fourth quarter ran through September 28, providing an extra five days of sales information since Apple announced that it had sold 9 million iPhones in its opening weekend.

That 9 million tally came under scrutiny last month, with some questioning whether Apple was counting end sales to consumers or simply to carriers and other retail partners, which had yet to sell the devices.

Wall … Read more

Steve Jobs' early home, garage tapped to become historical site

The home and garage where Apple began could soon become a protected historical site.

The Los Altos, Calif., home where Apple co-founder Steve Jobs grew up is closing in on the end of a nearly two-year review by the Los Altos Historical Commission, CNN reports.

The garage, which belonged to the Jobs family, was Apple's official headquarters before the company moved to a rented office space in Cupertino, Calif. It was the birthplace of the first Apple computer, as well as the Apple II, which became the company's first real hit. … Read more

iPhone sales record bolsters Apple's quarterly estimates

On the heels of announcing more than 9 million new iPhones sold, Apple has told Wall Street to expect better results for its current financial quarter.

Apple now says it plans to come in "near" the higher end of a quarterly sales estimate it offered back in July. The mention was included in a filing with the US Securities and Exchange Commission on Monday.

"Apple expects total company revenue for the fourth fiscal quarter to be near the high end of the previously provided range of $34 billion to $37 billion, and expects gross margin to be … Read more

Apple's Sept. 10 event: Join us Tuesday (live blog)

Apple's holding a special event Tuesday, and we'll be there live to bring you the news.

The press conference, at which the company is strongly expected to introduce new models of the iPhone, takes place at Apple's headquarters in Cupertino, Calif., and kicks off at 10 a.m. PT / 1 p.m. ET. We'll start the live blog about an hour before Apple officially kicks off its event, along with a live video show from CNET's headquarters in nearby San Francisco.

You can tune in to the live blog here:

CNET's live coverage of Apple's September 10 event Read more