Week in review March 19 – 23

Apple’s Mountain of Cash

Photo by Flickr user Kevin Hiscott, used via Attribution-NonCommercial-NoDerivs CC license

Apple announced its intention to implement a dividend and share repurchase program later this year. The company last issued a dividend in 1995.

On the 19th, Apple CEO Tim Cook and other executives held a financial conference call to present the details. Among them were these gems:

  1. The iPad is available in 90 countries.
  2. Last quarter ended with 2.5M iPads in channel inventory. When the guy whose former job was supply management takes over the company, this is what happens.
  3. 357 Apple Stores now open and hosted a record 77.5M visitors last quarter.

Three Million iPads Sold

Tim also revealed that Apple was thrilled with sales of the new iPad, without going into details. It wasn’t long before Apple shared the specifics, however, noting that 3 million new iPads were sold during its opening weekend. To put that in perspective, it took Apple 28 days to sell the first million iPad units and 80 days to sell 3 million units.

Photoshop CS6 Beta

Adobe released Photoshop CS6 Beta, offering users a sneak peek at what’s in store for the full version. The Verge posted a nice look, including cool stuff like searchable layers and a basic video editor. The full version should be out in the first half of this year for $699 new or $199 as an upgrade.

The Beleaguered iPad

That was a theme this week. Let’s get started.

Hot Hot Hot

Consumer Reports declared that the new iPad is hotter than its predecessors. The blogosphere jumped on the story, despite the magazine’s obviously sensationalist article. At one point, it says: “The new iPad can run significantly hotter than the earlier iPad 2…engineers recorded temperatures as high as 116 degrees Fahrenheit.” But later, “During our tests, I held the new iPad in my hands. When it was at its hottest, it felt very warm but not especially uncomfortable if held for a brief period.”

“Very warm,” not hot, and “not especially uncomfortable.” Sounds dangerous.

Charing Problems

Gizmodo pointed out some whining in reference to the iPad’s ability to charge its battery. Specifically, they noticed that it did not accept a charge while “under a heavy load from benchmarking, graphics tests, and just generally downloading, installing, and using a million apps.”

It won’t charge while the hardware and software is totally maxed out? Scandalous!

iPhoto for iOS Rocks

iPhoto for iOS acquired one million users in less than 10 days. That’s users, not downloads. I’m not surprised. It’s a stellar app and customers have been wanting a photo editing app from Apple.

Notable Apps

  1. Angry Birds Space. It’s out and it’s a lot fun.
  2. Instapaper 4.1 for iPhone and iPad. Retina support, new fonts and full-screen reading.