Apple Planning Apple Card Financing Options for Devices Other than iPhone

Apple may be planning to introduce interest-free Apple Card payment plans for devices other than the iPhone, Apple CEO Tim Cook said during today's earnings call covering the second fiscal quarter of 2020.


In the Q&A portion of the call, Cook was asked about the potential for deferred payments or product bundles with the ‌Apple Card‌, and he had this to say:
As you know, we launched the payment plan earlier on ‌Apple Card‌ for ‌iPhone‌. We're working on that for other products and you'll see something on that shortly.
Apple in December introduced a 24-month interest-free ‌iPhone‌ installment plan for ‌Apple Card‌ owners. The plan lets ‌Apple Card‌ users purchase a new ‌iPhone‌ with the ‌Apple Card‌ and pay for it over a 24-month period with zero interest, while also getting 3 percent Daily Cash back for the purchase.

Monthly ‌iPhone‌ payments are bundled into ‌Apple Card‌'s Monthly Installments, with each month's installment included in the minimum payment amount. Installments are not subject to interest unless there's an outstanding balance beyond the 24-month payment grace period.

Though Cook did not divulge much information, Apple could introduce similar payment plan options for other products such as iPads and Macs, which are particularly popular right now as people work and learn from their homes.

During the pandemic, Apple has also introduced an ‌Apple Card‌ Assistance Program that allows ‌Apple Card‌ holders to skip their March and April payments without incurring interest charges for that billing cycle.
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Apple CEO Tim Cook on New Products: ‘We Have Our Head Down and Are Working’

During today's earnings call covering the second fiscal quarter of 2020, Apple CEO Tim Cook provided some insight on what we can expect from Apple in terms of new products during the global health crisis.

A mockup of an iPhone 12 with smaller notch

Cook said that apple is continuing to operate, and that Apple employees are getting used to working from home. "In some areas of the company, some people may be even more productive," he said. "In some areas, not as productive. It's mixed depending on what the roles are."

Cook said that Apple employees have their heads down and are working as usual.
New products are our lifeblood. We're continuing to work. [...] As you can tell from what we did this quarter despite the environment, we have our head down and are working because we know our customers want the products that we've got. They're even more important in these times.
Cook was also asked about potential developments in health, and he said that it's an area that Apple was already working on, referencing features like ECG in the Apple Watch.
You can bet that we're looking at other areas. We were already doing this - we see it as an area of huge opportunity for the company and a way for us to help a lot of people. You will see us continue on that. I wouldn't say that the health door has opened wider, I would say that it was already opened fairly wide.
On the topic of Apple's supply chain and how well it's situated to launch traditional fall products, Cook said that people should focus on the fact that Apple's products are made everywhere rather than focusing just on the final assembly of the manufacturing process, which tends to get more attention.
We have to conclude that if you look at the shock to the supply chain that took place this quarter, for it to come back up this quickly really demonstrates that it's durable and resilient. I feel good about where we are. That said, we're always looking at tweaks, it's just not something we talk about.
Cook went on to say that Apple is going to "look to see" what can be learned from this situation and how that could be used to enact change after Apple gets "totally out of this."

Cook also commented on payment plans for iPhone on Apple Card, and said that Apple is "working on that for other products" and that we'll see something on that topic shortly.

As for current products, when asked if customers were favoring lower cost products, Cook said that he hasn't seen that. Apple has had strong customer response to the iPhone SE, its most affordable ‌iPhone‌, but he said that those customers wanted a smaller form factor with the latest technology or are coming from Android as opposed to "buying down." Sales of the top-of-the-line iPad Pro have also been strong.

Rumor suggest that Apple has a number of products set to launch later in 2020, ranging from new MacBook Pro models and iMacs to four new iPhones this fall.
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Apple Has Shipped 7.5 Million Face Shields to Healthcare Workers Worldwide

Apple in early April tapped its engineers and supplier companies to construct face shields for medical workers around the world, and Apple has now shipped a total of 7.5 million face shields.


Apple CEO Tim Cook announced the news during today's earnings call covering the second fiscal quarter of 2020. Apple is continuing to construct and ship one million face shields each week.

Cook also said that Apple's COVID-19 screening app has been downloaded more than two million times, and the web version of the site has been accessed by 3 million unique visitors. Apple's U.S. COVID-19 app was developed in partnership with the CDC, FEMA, and the White House Coronavirus Task Force.

In addition to constructing and shipping face masks, Apple has sourced and donated more than 20 million N95 masks to healthcare workers around the world, which are critical for those who are exposed to COVID-19 on a daily basis.

Apple has also donated millions of dollars to various causes dedicated to cutting down on the spread of COVID-19, and has developed an exposure notification API that public health authorities will be able to adopt to create apps that will help track coronavirus exposure.
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Apple Expects to See Growth in iPad and Mac Categories Next Quarter as People Work and Learn From Home

Apple today released its earnings results for the second fiscal quarter of 2020, but declined to provide guidance for the third quarter due to the current economic instability. Apple CFO Luca Maestri did provide a bit of information for investors, though, offering insight into how Apple expects the ongoing health crisis to affect product sales.


Maestri said that it expects year over year performance for iPhone and the wearables category to worsen in the June quarter relative to the March quarter, while for iPad and Mac, Apple expects year over year revenue performance to improve.

Apple CEO Tim Cook said that Apple sees ‌iPad‌ and Mac revenues improving due to all of the customers who are learning at home and working remotely at the current time.

Cook also said that Apple saw steep declines in demand in March and early April as the shelter in place orders went out, but in the second half of April, there was an uptick across the board due to stimulus programs, new product releases, and the fact that consumers expect the pandemic to "go on for a little while longer," stocking up on products needed to work at home.
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Apple’s Wearables Category Sets New Quarterly Revenue Record

Despite the global health crisis impacting many countries around the world, Apple's wearables category set a new quarterly revenue record, Apple CEO Tim Cook said during the company's Q2 2020 earnings call.


Apple does not break out wearable sales, instead including the Apple Watch and AirPods in its "Wearables, Home, and Accessories" category, which brought in $6.3 billion during the quarter, up from $5.1 billion in Q2 2019.

Wearables, Home, and Accessories revenue surpassed both Mac ($5.4 billion) and iPad ($4.4 billion) revenue during the quarter. ‌Apple Watch‌ continues to be popular with those who are new to the product, and 75 percent of customers who purchased an ‌Apple Watch‌ during the quarter did not previously own one.

Apple's wearables business is now the size of a Fortune 140 company, according to Apple CFO Luca Maestri.
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Apple’s Services Revenue Hits New All-Time High of $13.3 Billion in Q2 2020

Apple's services category, which includes Tunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple News+, Apple Arcade, and more, has continued to see significant growth even amid the global health crisis, Apple announced today.


In the second fiscal quarter of 2020, Apple's services segment brought in $13.3 billion, up from $11.5 billion in the year-ago quarter, marking 17 percent growth year over year.

Apple in 2019 introduced a number of new services, including ‌Apple News‌+, ‌Apple TV‌+, ‌Apple Arcade‌, and Apple Card, all of which have contributed to the significant growth Apple has seen over the course of the last several months. ‌Apple News‌, said Cook, has hit a new milestone of 125 million monthly active users, while ‌App Store‌ revenue saw double digit growth. Both FaceTime and iMessage saw daily record use during the quarter as people worked from home and stayed inside.

Apple in 2016 set a goal of doubling its services revenue by fiscal 2020, a goal that Apple is on target to hit this year. Apple now has 515 million paid subscriptions across its platform, and expects to hit 600 million by the end of 2020.

Apple CFO Luca Maestri also said that Apple's active installed base of devices hit all-time highs in all products and geographies.
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Apple Plans to Reopen Stores in Austria and Australia in 1 to 2 Weeks

Apple plans to reopen retail stores in Australia in the next one to two weeks, Apple CEO Tim Cook said today in an interview with Bloomberg ahead of today's Q2 2020 earnings call. Apple has a single store in Austria and over 20 retail locations in Australia.


Cook said that "just a few" stores will reopen in the United States starting in May. Before reopening stores, Apple will "look at the data" and make decisions "city by city, county by county" when considering whether to reopen stores.

Earlier this week, Apple retail chief Deirdre O'Brien told employees that she expects "many more" stores to open starting in the month of May. All of Apple's stores outside of Greater China have been shut down since March 14, with the exception of a single store in South Korea, which reopened in April.

Cook said that Apple's Cupertino campuses will not be reopening until at least early June. Santa Clara County, where the campuses are located, has extended its shelter-in-place order until the end of May.

When Apple's corporate offices do reopen, Apple plans to bring employees in on a staggered basis with temperature checks, social distancing, and masks.
Related Roundup: Apple Stores

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Apple Reports 2Q 2020 Results: $11.2B Profit on $58.3B Revenue, All-Time Record for Services Revenue

Apple today announced financial results for the second fiscal quarter of 2020, which corresponds to the first calendar quarter of the year.

For the quarter, Apple posted revenue of $58.3 billion and net quarterly profit of $11.2 billion, or $2.55 per diluted share, compared to revenue of $58.0 billion and net quarterly profit of $11.6 billion, or $2.46 per diluted share, in the year-ago quarter.

Gross margin for the quarter was 38.4 percent, compared to 37.6 percent in the year-ago quarter, with international sales accounting for 62 percent of revenue. Apple also declared an increased quarterly dividend payment of $0.82 per share, up from $0.77. The dividend is payable on May 14 to shareholders of record as of May 11.

In addition to the increase in the dividend payment, Apple says it has authorized another $50 billion for share repurchases.


Apple in mid-February announced that it would not meet its previously announced financial guidance of $63–$67 billion in revenue for the March quarter due to the impact of the COVID-19 coronavirus, which at that time largely involved production and demand issues in China.

Apple did not issue revised guidance at the time, and the coronavirus epidemic of course quickly spread around the world, resulting in even more challenges for Apple as it closed its retail stores, told most of its employees to work from home, and experienced reduced consumer demand for many products amid economic uncertainty.
“Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables,” said Tim Cook, Apple’s CEO. “In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive. We feel motivated and inspired to not only keep meeting these needs in innovative ways, but to continue giving back to support the global response, from the tens of millions of face masks and custom-built face shields we’ve sent to medical professionals around the world, to the millions we’ve donated to organizations like Global Citizen and America’s Food Fund.”
Apple did not offer any guidance for the third quarter of fiscal 2020.


Apple will provide live streaming of its fiscal Q2 2020 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

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Deals: Mophie Sales Across Zagg and Amazon Include Discounts on Power Banks, Battery Cases, and More

Amazon and Zagg have kicked off notable new Mophie sales this week, discounting numerous portable batteries, wireless chargers, and battery cases made by Mophie. These sales have discounts that will be automatically applied as you shop, so you won't need any specific discount codes this time.

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On Amazon, the standout deals include Mophie's Powerstation AC accessory with a 22,000 mAh battery, priced at $128.00, down from $199.95. This is one of Mophie's more powerful power banks, with up to 100W support that's able to charge MacBooks via USB-C.

Amazon also has a smaller capacity power bank, the Charge Stream Powerstation with 10,000 mAh, priced at $69.99. This device can wirelessly charge any Qi-compatible smartphone by placing it on top of the power bank, and was originally priced at $99.95.

If you're looking to purchase a few Mophie items at once, Mophie's parent brand Zagg is offering 25 percent off up to three items on Zagg.com for Mother's Day. This discount will be automatically applied in your cart when you shop on any of Zagg's brands, including Mophie, through tonight at 11:59 p.m. Mountain Time.

25% OFF
Mophie Sitewide Sale


This offer is a good time to shop for Mophie's Juice Pack iPhone battery cases, which are usually priced around $79.95, and will be priced at about $59.95 with the discount. Any accessory that has already been discounted can not be discounted again as part of the sale, and you'll only be able to save on three Mophie items at once. Head to Zagg's website to browse the full event, including charging accessories from Mophie, Braven speakers, and Invisible Shield screen protectors.

Keep up with all of this week's best discounts on Apple products and related accessories in our dedicated Apple Deals roundup.
Related Roundup: Apple Deals

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Intel Unveils 10th-Generation ‘Comet Lake’ Processors Appropriate for Updated iMacs

Intel today officially announced its lineup of 10th-generation "Comet Lake" desktop processors, which includes a number of chips that would be appropriate for the iMac. AnandTech details all 32 of the new processors in organized tables, but only a handful of the chips would make their way into the ‌iMac‌.


At the top of the list is the flagship Core i9-10900K that Intel calls the world's fastest gaming processor. The i9-10900K features 10 cores and a base frequency of 3.7 GHz, while Intel's Thermal Velocity Boost can push single-core speeds to 5.3 GHz. It's also the successor to the i9-9900K chip currently used in the highest-end ‌iMac‌ configurations, so it's likely the new chip will make its way into Apple's lineup.

The current ‌iMac‌ family, with the exception of the outdated low-end model, uses a combination of 8th- and 9th-generation "Coffee Lake" chips, all of which have natural replacements in the new Comet Lake generation.

Natural replacements for the 21.5-inch ‌iMac‌ lineup include the new Core i3-10100, Core i5-10500, and Core i7-10700, while the 27-inch iMacs would see the Core i5-10500, Core i5-10600, and Core i5-10600K, in addition to the high-end i9 option.

While these are reasonable guesses at what we might see in the next-generation ‌iMac‌, there's no guarantee that Apple will go with direct successor chips at each spot in the lineup. That's particularly true since rumors are pointing to a "substantial" refresh of the lineup with a potential redesign, including a rumored 23-inch model.

Timing for the ‌iMac‌ update remains uncertain, as the 23-inch model rumor claimed the new machine will be coming in the second half of the year, while reliable leaker "CoinX" cryptically said in March that both ‌iMac‌ and Mac mini updates would be coming "soon." The ‌Mac mini‌ update did come two weeks later, but we've yet to see anything official about new iMacs.

Intel says the new 10th-generation Comet Lake desktop chips will be available at retail and in desktop machines starting in May.
Related Roundup: iMac
Tag: Intel
Buyer's Guide: iMac (Don't Buy)

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