Without much pomp and circumstance Apple CEO Tim Cook was on the mic in Apple’s quarterly earnings call with analysts, and he had a lot today. Here are some of the more surprising factoids he quickly spat out regarding Apple’s quarter (and upcoming quarter).
- Apple is expecting a big September-ending quarter, with $49-$52 billion revenue, suggesting that it expects strong sales of the iPhone 7s and 7 Plus, and possibly of the new (tenth anniversary) iPhone 8.
- iPad sales have been suffering for a long time, but we saw some light today. Unit sales of all iPads were up 15%. However, revenue up only 2%, which suggests they sold a lot of the new budget-priced $329 iPads. Those iPads sold very well into the U.S. education system, however, with sales up 32% from the year ago quarter. Apple has been increasingly challenged by Google’s Chromebook in the education space.
- Apple has now sold 1.2B iPhones in total since the launch of the device a decade ago, Cook said.
- This is very important for Apple, because the devices are vending machines for the company’s burgeoning services business, which now accounts for about 10% of Apple’s revenue now. The services business grew by 10% from a year ago. Apple reported more than 185 million paid subscribers to Apple services, up 20 million from three months ago.
- Mac sales were up 7% year-over-year, despite a contracting global PC market.
- Apple Watch sales were up 50%.