Apple previously converted its original Apple TV product into a $99 iOS-based device in September 2010 and since then, the company has managed to sell more than 4.2 million of the set top boxes, with nearly at third of those sales occurring in the last quarter. (1.4 million to be more specific).

Speaking in the company’s quarterly earnings conference call, chief executive Tim Cook responded to a question regarding Apple’s living room strategy involving the TV by saying that its existing product, Apple TV, is “actually doing pretty well.” After noting the sales figures, Cook said “in the scheme View full post on ModMyi.com News Feed

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Oops. It looks as though Verizon’s chief financial officer Fran Shammo prematurely spilled the beans on a major fact of business for the nation’s largest wireless carrier.

The revelation came at the Citi Global Entertainment Media & Communications Conference on Wednesday where Shammo was speaking.

It isn’t clear exactly why the Verizon executive opted to reveal this information only a few weeks before Apple is set to report View full post on ModMyi.com News Feed

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Apple’s founding documents netted $1.6 million at a Sotheby’s auction today. That’s just over $300,000 per sheet of paper for the collection of documents.

The papers in question outline the founding of Apple, including the responsibilities and shares of Steve Jobs, Steve Wozniak and Ronald Wayne. Jobs and Wozniak each held a 45% stake in the company and Wayne held a 10% share. Wayne famously sold his 10% share two weeks after signing the document for $2,300. If Wayne had View full post on ModMyi.com News Feed

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The number of iOS App Store downloads is in the billions now, and has been the subject of a few trademark lawsuits (Apple vs Amazon vs Android vs the world), but what about Apple’s Mac App Store?

Well the Mac App Store reached its own milestone with the 100 millionth app downloaded on Monday roughly a year after the Store’s debut.

For those doubting the claim, the 100 million number does not include sales of OS X Lion which is only available through the Mac App Store. Programs like Photoshop elements, Autodesk’s suite of apps, and Final Cut View full post on ModMyi.com News Feed

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The quarterly sales projections across numerous product lines at Apple continue to be off the charts.

According to the latest estimates from J.P. Morgan analyst Mark Moskowitz, sales of Apple’s MacBook Air notebook continue balloon and will likely maintain quarterly sales of approximately 1.6 million units over the next four consecutive quarters.