Tag: accounts

Apple seems to hold little hope for its iWatch

fobwatchIt seems that the fruity cargo cult, Apple does not have the same hope for its iWatch as many commentators in the Tame Apple Press.

Yesterday Apple made changes to its reporting process which aims to obscure sales results. For example the fading iPod will not be identified on the balance sheet, nor will sales from retail. Instead, store results will be distributed among the various regions (such as Americas and Greater China), and iPod will be lumped in with “other products” along with along with Beats headphones, Apple TV, and accessories.

However, this “other products” category will also include Apple’s much touted, rarely seen iWatch. Which means that Apple does not want to tell anyone how sales of the product are doing. Hacks would have to look at this year’s figures, and guess how much of the category related to the watch.

This is telling – it means that Apple, quite rightly, does not really believe that the iWatch will sell significant amounts.

Analysts tried to corner Apple CEO Tim Cook on the matter during an earnings call who tried to reassure them that the move “says nothing about our expectations” for the Apple Watch.”

Cook added he also does not want to detail Apple Watch numbers to give competitors any data.

As an excuse that does not work very well. Apple has largely depended on creating an image where its shiny toys were popular. To do that it needs to tell the world how many millions of a product type it has sold. This creates the impression of a company doing well, rather than peddling anything that failed to work.

Burying iWatch sales can only mean that Jobs’ Mob does not want the fact that it will only sell a million of them to the sort of people who would buy anything with an Apple logo to get out to the rest of the world.

Imerja enters accelerated growth phase

Kitten-KongBolton-based IT solutions specialist, Imerja said it has entered a new phase of accelerated growth and is appointing a new money man to prove it.

Dave Hynes will be responsible for streamlining the business’s finances and managing the commercial aspects of all customer accounts.

Hynes will also work closely with Imerja’s suppliers and policing channel partners to make sure that “all supplier terms are aligned with the customers”.

His official title is finance manager and he has joined the company from Fairhurst Chartered Accountants where he was senior audit manager responsible for a portfolio of more than 100 clients.

Ian Jackson, managing director at Imerja said that his company has seen some spectacular growth over the last nine months and had a 400 per cent increase in profits.

He wants to see the company to continually invest in both its team and infrastructure in order to maintain this growth.

Hynes will be responsible for keeping the costs at the company down, while still allowing continued expansion.

He said that he was excited to be working for a company with such ambitious growth plans.

“The team at Imerja have extremely advanced technical expertise and it’s my job to provide them with a solid financial platform to work from,” he said,