Earnings Notes

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.

  • 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.
great charting, now I see why AAPL stopped right here. I see it going back into range for sure.
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