Highlights From Apple’s Q1 2016 Earnings Call

Highlights From Apple’s Q1 2016 Earnings Call. This is a live blog, so be sure to keep refreshing for the latest news.Tim Cook is up first…? Strongest financial quarter ever with 75.9 billion in revenue, in line with expectations?74.8 Million iPhones — an all time high (Average of 34,000 iPhones an hour)? Results are impressive given the challenging, global macro environment? 2/3 of revenue is generated outside of the united states? -Currency impact had an impact on growth; $100 dollars in 2014 translated in $85 in this quarter due to stronger dollar. This difference is about the size of annual revenue for a Fortune 500 company.? We have been seeing some economic “softness” in China earlier this month, particularly in Hong Kong? We remain very confident long term in China and else where? Greatest number of Android to iPhone switches in last quarter? We remain committed to making the best products in the world? New quarterly record was set for Apple Watch Sales — thanks to a strong December month? Over 3,600 Apple TV apps, best quarter ever for Apple TV sales? Consumers have already spent billions with Apple Pay. Apple say some of the strongest growth in Apple Pay in recent quarter. ? Apple Music has over 10 million paying subscribers in less than four months after going live with the service. ? Recent consumer surveys show 99% customer satisfaction rate for iPhone 6s and iPhone 6s Plus. iPhone loyalty rate is 2x as strong compared to Android.? High customer satisfaction rate will result in more people replacing their current devices. Over 1 billion active Apple devices (used in the last 90 days). Luca Maestri is now up..? Growth was driven by iPhone sales, Apple Watch, Services (App Store, Apple Music) and Apple TV? Maestri now breaking down the earnings released earlier today. ? 79% of interested smartphone buyers are interested in iPhone. ? iPad has 85% share of $200+ tablet market in US? Services generated $6.1 billion (including $548 million from a patent infringement dispute)? Revenue from App Store increased 27%; average amount spent per customer reached an all time high in December? Ended the quarter in neatly $216 billion in cash? Plan to be very active in US and world capital debt markets. ? Expected revenue for next quarter is $50 – $53 billion. This is a wider range due to volatility in economy and financial markets. ? March quarter will be most difficult, year over year, compared to the rest of the quartersShare Article:Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUponFollow iClarified:Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTubeAdvertise Here

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