AAPL highlights:
note: Tim Cook reminded investors that this quarter was 13 weeks, compared to 14 weeks in year-ago quarter. Apple's growth was actually 21% year-over-year on an adjusted basis.
note: Tim Cook reminded investors that this quarter was 13 weeks, compared to 14 weeks in year-ago quarter. Apple's growth was actually 21% year-over-year on an adjusted basis.
- Apple expects its tax rate will be 15 percent.
- Apple expects to become net cash neutral over time.
- Apple now has $285B in cash, cash equivalents, and marketable securities. $163B excluding debt.
- $269 BILLION of cash was held outside of the US.
- LensCrafters to adopt 7,000 iPads for digital eye exams.
- Best quarter ever for Apple Watch. When adding results from Beats and AirPods, total revenue from wearables was up almost 70% year-over-year. Second largest contributor to revenue after iPhone.
- "Other" products category set a revenue record.
- Apple saw double-digit revenue growth in all of the geographic segments it tracks.
- Apple Watch Series 3 sales up more than 100% versus Apple Watch Series 2 sales last year.
- Worldwide, almost half of iPad sales were to first-time tablet buyers, or to those switching to Apple.
- Apple Pay is launching in Brazil soon.
- Apple Pay saw 50% year-over-year growth in merchant adoption. Accepted at two-thirds of top 100 retailers in United States.
- Apple Pay saw 50% year-over-year growth in merchant adoption. Two-thirds of top 100 retailers in United States.
- Apple Music, iCloud, and Apple Pay all saw growth in active users and revenue and had all-time record quarters.
- Apple passed 240 million paid subscribers across its services in the quarter, up 30 million from the previous quarter.