Interesting points from Apple’s Q3 earnings call

Apple announced the financial results for its fiscal third quarter of 2017 this afternoon, and the numbers for the 3-month period are outstanding. All metrics were up from the year-ago quarter, including a 7% increase in revenue and 2% increase in iPhone sales.

Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about Apple’s performance over the last 3 months, and offer up some insights into its future. Here are some of the more interesting points from the call.

  • Apple has 185 million paid subscriptions across all services.
  • Apple services have added 20 million new subscribers over last 3 months.
  • Walmart deploying 20K+ iPads to employees in the US.
  • iPad sales grew in all geographical segments, with strong double-digit growth in the U.S. and Greater China.
  • CFO Luca Maestri: iPhone channel inventory the lowest in 2.5 years.
  • iPhone ASP (average selling price) at $606, up from $595 in the year-ago quarter.
  • Tim Cook: 2/3 of Apple’s employees are in the United States. We’ll have more to say about that later in the year.
  • Apple has new advanced $1 billion manufacturing fund for US companies. First $200 million goes to Corning Glass.
  • Tim Cook: I think AR is big and profound. This is one of those things we’ll look back at and marvel at the start of it.
  • Apple has brought in talent behind Breaking Bad and The Crown to help with content creation.
  • Cook: In terms of autonomous systems, we’re very focused on it from a core tech point of view. We have a large project ongoing, and we’re making a big investment in this.
  • Apple retail and online stores saw over 300 million visitors this quarter.

Apple’s stock is up 6% in after-hours trading on the back of today’s strong performance report. If you want to listen to today’s earnings call, a replay will be available here for a limited time.



Interesting points from Apple’s Q3 earnings call” is an article by iDownloadBlog.com.
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Apple’s Q3 2017: 41M iPhones, 11.4M iPads, $45.4B revenue

Apple on Tuesday reported its [fiscal] Q3 2017 earnings, offering a look at its performance over the last 3 months. The company says that during the period it sold 41 million iPhones, up slightly from the year-ago quarter, and made $45.4 billion in revenue, also up from last year. Here’s a full breakdown of the numbers.

This quarter’s numbers compared to those from Q3 2016:

  • Revenue: $45.4 billion versus $42.4 billion last year, up 7%
  • iPhones: 41 million versus 40.4 million last year, up 2%
  • iPads: 11.4 million versus 10 million last year, up 15%
  • Macs: 4.3 million versus 4.2 million last year, up 1%

And here are some comments from Tim Cook and Apple CFO Luca Maestri:

“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” said Tim Cook, Apple’s CEO. “We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”

“We reported unit and revenue growth in all our product categories in the June quarter, driving 17 percent growth in earnings per share,” said Luca Maestri, Apple’s CFO. “We also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion.”

Apple will be starting its conference call shortly, so stay tuned for more highlights from their Q3 earnings.



Apple’s Q3 2017: 41M iPhones, 11.4M iPads, $45.4B revenue” is an article by iDownloadBlog.com.
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Apple’s rescheduled earnings call could hint at unveiling of new Macs around October 27

macbook pro oled 1

Apple originally told investors it would be publicizing its quarterly earnings report on Thursday, October 27.

Curiously, a notice posted on the Apple Investor Relations website earlier this week has moved up the upcoming earnings call with Wall Street investors by two days to Tuesday, October 25, over what Apple described as a simple “scheduling conflict”.

Longtime Apple reporter Philip Elmer-DeWitt speculates that the rescheduled earnings report might mean that the company could be planning to hold a launch event for new Macs on October 27…. Read the rest of this post here



Apple’s rescheduled earnings call could hint at unveiling of new Macs around October 27” is an article by iDownloadBlog.com.
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15 interesting points from Apple’s Q2 2016 earnings call

Apple Stores (Istanbul, Turkey, image 001)

Apple announced the financial results for its fiscal second quarter of 2016 this afternoon, and the numbers are pretty rough. While they fall within the company’s own guidance, iPhone sales are down 10 million units from the year-ago quarter, and revenue is down $7 billion.

We’ve just finished up the conference call, where Tim Cook and CFO Luca Maestri discussed Apple’s performance over the three-month period, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points from the call below…. Read the rest of this post here



15 interesting points from Apple’s Q2 2016 earnings call” is an article by iDownloadBlog.com.
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Apple’s Q2 2016 earnings: 51.2M iPhones, 10.2M iPads, $50.6B revenue

apple hq headquarters

Apple on Tuesday released its earnings report for the second [fiscal] quarter of 2016. The Cupertino company fulfilled expectations that it was going to report its first ever year-over-year decline in iPhone sales, moving just 51.2 million handsets vs. 61.2 million in Q2 last year. Revenue is also down substantially from the year-ago quarter…. Read the rest of this post here



Apple’s Q2 2016 earnings: 51.2M iPhones, 10.2M iPads, $50.6B revenue” is an article by iDownloadBlog.com.
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Source: iDownloadBlog