15 interesting points from Apple’s Q1 2017 earnings call

By , Jan 31, 2017

Apple announced the financial results for its fiscal first quarter of 2017 this afternoon, and the numbers for the holiday period are pretty good. The company beat Wall Street estimates by putting up a record 78.3 million iPhone sales and more than $78 billion in revenue.

Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about their company’s performance over the last 3 months, and offer up some insights into its future. Here are some of the most interesting points from the call.

  • Apple now has $246.1 billion in cash and marketable securities
  • Tim Cook: repatriation of $231B overseas cash would be good for Apple and country
  • Apple still acquires between 15-20 companies per year
  • Apple has paid developers over $60 billion from App Store sales
  • Apple’s Services revenue up 18% year over year, to $7.2 billion
  • Services on the verge of becoming a Fortune 100 business
  • Cook: Apple has its “toes in the water” in creating  original video content
  • Apple Pay transactions up 500% year over year
  • Over 1 million people using CarPlay
  • Apple saw double digit iPhone growth in US, Canada, Western Europe, Australia and Japan in Q1
  • iPhone 7 Plus the most popular ‘Plus’ iPhone model ever
  • Highest ever quarterly revenue for Mac
  • iPad has 85% share of U.S. tablet market above $200
  • iPad sales down 19%, but Cook still very bullish on tablet market
  • Apple Watch set all time revenue record in Q1

If you want to listen to today’s earnings call, a replay will be available here for a limited time.

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  • Ashy Larry


    • Rowan09

      Yes so doomed.

  • Scotow

    Where is the Apple Store on the photo ?

    • Tony Chen

      San Francisco Union Square

      • Alborz

        I went there 2 months ago. it was amazing! there’s an open outdoor space behind that’s decorated by Apple. this is the global flagship store. they do many experiences here before rolling out to other stores. and they have the huge 6K screen. it was an amazing visit! just to see the store…

  • Mark S

    Nothing on iphone sales? Guess it’s nothing to talk about.

    • ShannonP

      Did you not read the article??