PayPal introducing new iOS SDK, APIs at SXSW

PayPal has announced that it's bringing a new iOS SDK and some new API tools to SXSW next week. As you might expect, the API will allow apps to use PayPal's tools to integrate payment information directly rather than having to go through a separate authorization page. As you can see on the official website, devs will be able to simply use a few method calls to set up PayPal payments, and get proof back that payment has taken place.

The API also includes credit card scanning software from, which PayPal acquired last year. And finally, PayPal's also released some code to work with other platforms and languages, including some Javascript buttons, as well as APIs for REST, OAuth and JSON.

So developers will have a lot of new tools to work with PayPal's payment system. It's unclear, however, what Apple thinks of this development -- it seems to me that paying through PayPal from an iOS app gets around Apple's requirement of taking a cut from everything sold on the App Store. But that's something that Apple and PayPal will need to work out. If you're a developer who wants to dive in to what's available here, you can download the PayPal iOS SDK for free right now.

Update: PayPal president David Marcus just contacted me via Twitter to say that this SDK is meant for service transactions, not digital sales, so it doesn't fall under Apple's rules. In other words, the tools here are to be used for selling things outside the iPhone with Apple's device, not selling iPhone content or other items directly.

[Source: TUAW]

Apple Reports Results for Q3 2012: $8.8 Billion Profit on $35 Billion in Revenue

Apple today announced financial results for the second calendar quarter and third fiscal quarter of 2012. For the quarter, Apple posted revenue of $35.0 billion and net quarterly profit of $8.8 billion, or $9.32 per diluted share, compared to revenue of $28.57 billion and net quarterly profit of $7.31 billion, or $7.79 per diluted share, in the year-ago quarter.

This will be considered a big "miss" for Apple, as it is dramatically weaker than what analysts were expecting. The company did beat its own guidance, however. Last quarter, Apple said it would make $34 billion in revenue and earnings of $8.67 per share.

Gross margin was 42.8 percent, compared to 41.7 percent in the year-ago quarter, and international sales accounted for 62 percent of the quarter's revenue. Apple's quarterly profit and revenue were both company records for the June quarter. Apple also declared a new quarterly dividend of $2.65 per share payable on August 16 to shareholders as of the close of trading on August 13.

Quarterly iPhone unit sales reached 26.0 million, up 28 percent from the year-ago quarter, and the company sold 17.0 million iPads, up 84 percent year-over-year. Apple sold 4.0 million Macintosh computers, a unit increase of 2 percent over the year-ago quarter. The company also sold 6.8 million iPods, representing a 10 percent unit decline year-over-year.

“We’re thrilled with record sales of 17 million iPads in the June quarter,” said Tim Cook, Apple’s CEO. “We’ve also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we’ve got in the pipeline.”

Apple's guidance for the fourth quarter of fiscal 2012 includes expected revenue of $34 billion and earnings per diluted share of $7.65.

Apple will provide live streaming of its Q3 2012 financial results conference call at 2:00 PM Pacific, and MacRumors will update this story with coverage of the conference call highlights.

[Source: MacRumors]