Cloudy

60°F

Shelton, WA

Cloudy
Humidity: 90%
  • Magnitude-4.0 Quake Near Seabeck

    quake91714A magnitude 4.0 earthquake rattled the Puget Sound in Washington state early Wednesday. The earthquake was centered near the town of Seabeck in Kitsap County, about 40 miles west of Seattle. The shaking was felt as far away as Everett, Olympia… Read More +

  • 1
  • Everett Optometrist Arrested On Molestation Charges

    obrien-courtEverett police say an optometrist molested a 10-year-old girl during an examination, and detectives suspect there may be more victims. Police spokesman Aaron Snell says 33-year-old John P. O'Brien of Bellevue was arrested on suspicion of first-degree child molestation on Tuesday… Read More +

  • 1
We Want Your Opinion
Would you attend a special County Commission meeting to learn more about the 2015 Budget?
Would you attend a special County Commission meeting to learn more about the 2015 Budget?
You must select at least one item to vote!
  • Angels Beat Mariners 5-0

    mariners logo5The Los Angeles Angels clinched the AL West title Wednesday night, getting seven dominant innings of one-hit ball from C.J. Wilson in a 5-0 victory over the Seattle Mariners. C.J. Cron hit a three-run homer for the major league-leading Angels (95-57), who wrapped up their first division crown since 2009 when Oakland lost to Texas about an hour after Los Angeles' game ended.

    Read More
  • 1

Apple CEO Promises 'Amazing New Products' Coming

b_250_0_16777215_00_images_obgrabber_2013-07_8a0297b6de.jpgKevork Djansezian/Getty Images(NEW YORK) -- Apple Inc. (NASDAQ: AAPL) reported that it sold 31.2 million iPhones for the three months ending in June, better than Wall Street's expectation amid a competitive smartphone market. CEO Tim Cook promised "amazing new products that we will introduce in the fall and across 2014."

Brian Colello, analyst with Morningstar, said the "strong" iPhone sales contributed to the company's quarterly earnings of $6.9 billion and revenue of $35.4 billion, which were slightly better than expected, though earnings were still down from a year ago. Revenue is essentially flat compared to the same period a year ago.

In after-hours trading, the stock rose about 5 percent to $440 a share.

Colello said the biggest boost to Apple's stock may be its "massive" $16 billion stock buyback this quarter.

"Apple's been an aggressive buyer of the stock as it has hung around the $400 price range," he said.

At the close of New York financial markets on Tuesday, the stock was trading at $418.99, down 1.72 percent. Apple's stock has fallen about 20 percent so far this year.

Colello said he was most interested in iPhone unit sales and Apple's overall gross margins, which he expected to be affected by iPhone prices, and the mix of sales between the iPhone 5 and the older cheaper 4 and 4S models. Colello expected a decline in iPhone prices, which fell 5 percent sequentially, because prices tend to fall as products age.

The Cupertino-based tech company said it sold 31.2 million iPhones compared to 26 million a year ago in the same period. Many analysts expected Apple to sell about 27 million iPhones in the quarter that ended June 30.

The company sold 14.6 million iPads compared to 17 million a year ago. It sold 3.8 million Macs, compared to 4 million a year ago.

In April, Apple reported better-than-expected earnings in its second quarter, but its guidance for the following quarter disappointed most investors. Apple sold 37.4 million iPhones and 19.5 million iPads.

Since its introduction in June 2007, the iPhone has typically been the company's biggest money maker. Sales of the iPhone comprised 51 percent of revenue in the three months that ended in June.

"We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services," said Apple CEO Tim Cook in a statement. "We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014."

The company said it expected revenue between $34 to $36 billion for its next three months, in line with analyst expectations.

Colello said, "Apple's forecast for Q4 appears light, but gross margins are expected to hold up well."

On Monday, reports said Apple has been testing an iPhone screen larger than 4 inches and an iPad screen slightly smaller than 13 inches with its Asia suppliers. The current iPhone 5 has a 4-inch screen and the iPad has a 9.7-inch display.

Apple's CFO Peter Oppenheimer said in a statement, "We generated $7.8 billion in cash flow from operations during the quarter and are pleased to have returned $18.8 billion in cash to shareholders through dividends and share repurchases."

Copyright 2013 ABC News Radio

  1. Environment
  2. Recreation

Tweets

wspd5pio
wspd5pio - SWWA - Reminder! When the first rains come, our roadways get slick! Slow down & leave distance between others. #WARain #DriveSafe

Retweeted 4 hours ago

wsdot_tacoma
wsdot_tacoma - Drivers encouraged again to avoid I-5 in Olympia while crews finish expansion joint this weekend bit.ly/i5OlyWork

4 hours ago

OlySportsBlog
OlySportsBlog - .@SMUSaints alum Blake Poole is heading to the Azores to play basketball this season after three seasons in Germany. bellinghamslam.com/news/9-17-14.h…

11 hours ago

Public Notices