• Sales of Macs grew 20% year-over-year in China during the March quarter.
• Sales of the Apple Watch “grew nicely.”
• Apple’s growing (digital) services business is “on a tear there.”
• Cook reiterated that iPhone sales are now being depressed as users delay upgrading until the launch of Apple’s next phones.
In the same interview Cook said Apple plans to start a $1 billion fund to invest in companies that will create “advanced manufacturing jobs” in the U.S. He said the first investment will be announced later in the month.