Although most of the rumors so far have been about Apple (AAPL) working on an iPhone with a larger screen to compete with the likes of Samsung and HTC, Tim Cook’s response during Apple’s second-quarter earnings results call indicated that the company is not ready to create a new version of its smartphone with a screen that’s larger than the 4-inch used in the iPhone 5.
[via Macrumors] “My view continues to be that iPhone 5 has the best display in the industry. We always strive to create the very best display. Some customers value large screen size. Others value other factors such as resolution, color quality, white balance, reflectivity, power consumption, compatibility of apps, and portability. Our competitors have made some significant tradeoffs in many of these areas to ship a larger display. We would not ship a larger display iPhone while these tradeoffs exist.”One display size that has been tossed around by Apple pundits is 5-inches, but judging by Cook’s comments the company seems determined to release an iPhone with a larger screen after it’s ensured that app compatibility remains fluid with a larger screen.
In case you missed it, Apple on Tuesday afternoon reported Q2 results that met Wall Street estimates. In a conference call with analysts and investors the company said it posted earnings of $9.5 billion, or $10.09 a share on quarterly revenue of $43.6 billion. The results did slightly beat the Street’s expectations. On average, analysts were looking for an EPS of $10.07 and revenue of $42.59 billion. The Cupertino tech giant also said it would boost its quarterly dividend by 15 percent. Each shareholder will now receive a dividend of $3.05 p/sh each quarter, starting May 16.
Apple’s stock was down $4.12, or 1.01%, to $402 in pre-market trading / Apr 24, 6:47am EDT.
Leave a Reply