MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
Sporting new features such as touch-based mice and edge-to- edge glass, Apple hopes to sustain the fast-growing sales of its computers. Allaying initial worries about its premium pricing, Apple’s Mac business has been surging despite a recession that has pinched consumer spending.
Mac unit sales—the largest single contributor to Apple’s revenue—leaped 17 percent in the quarter, far outpacing the PC market. That helped Apple blow by Wall Street forecasts on quarterly earnings and revenue. Its shares rose 5 percent to $198.99 in afternoon trading on the Nasdaq.
Chief Operating Officer Tim Cook told Reuters in an interview the company was packing more features and functions into its new iMac, MacBook and Mac Mini computers.
“You can just see that it’s working with the results that we’ve had,” he said. “We’re not interested in the netbook phenomenon of cheap and crappy and people that want to return it after a day or two. That’s just not who we are.”
With average selling prices coming down across the PC industry as PC makers from Dell Inc to Hewlett-Packard Co vie for consumers’ shrinking spending, some analysts had said Apple might face renewed pressure to cut prices.
It kept entry prices the same on its new Macs, although prices on higher-end configurations came down.
The most significant change came in Apple’s line of iMac all-in-one desktop computers, which now feature a new edge-to-edge glass design and aluminum enclosure. The iMac starts at $1,199.
The iMac will ship with Apple’s new “Magic Mouse,” which features multi-touch technology such as found on the iPhone. It has no mechanical buttons, balls or scroll wheels and users can navigate using finger gestures.
New MacBook laptops are lighter at 4.7 pounds. Cook said some features from the more expensive MacBook Pro line, such as the unibody design, will now be found on the MacBook, which starts at $999.
Laptops sales leaped 35 percent last quarter and represented nearly three-quarters of the Mac sales mix.
“The key is driving that notebook adoption,” said Broadpoint Amtech analyst Brian Marshall.
He said it was difficult to get worried about Mac prices after the performance Apple turned in on Monday.
The Mac mini, Apple’s lowest-priced computer at $599, was also updated, with more speed, storage and memory.
“This finalizes our lineup for the holiday season,” Cook said. “I feel great about our position going into it.”
MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
mena9 hours ago
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
world9 hours ago
The group accused Israel, which has so far refused to comment, as US denies involvement
mena9 hours ago
Hundreds of pagers belonging to the armed group exploded in Lebanon on Tuesday, killed 12 people, including two children, and wounded up to 2,800 others
world9 hours ago
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
uae9 hours ago
Israel has not yet commented on the explosions
europe9 hours ago
The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in the region
economy10 hours ago