Apple announced the financial results for its fiscal second quarter of 2017 this afternoon, and the numbers for the 3-month period are pretty good. While iPhone sales were down slightly from last year, the company’s revenue was up from $50.6 billion to $52.9 billion.
Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about Apple’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 $256.8 billion cash and cash equivalents
- Apple increased capital return program by $50 billion, new total is $300 billion
- App Store revenue grew 40% YoY—an all-time quarterly record
- iPhone average selling price was $655 in Q2, up from $642 year-over-year
- 96% customer satisfaction rate for iPhone 7, 98% for iPhone 7 Plus
- Apple Watch + AirPods/Beats sales now size of Fortune 500 company
- Study shows AirPods have a 98% customer satisfaction rate
- Apple’s revenue grew by double-digits in India
- Retail, online store visits up 16% year-over-year
- Apple now has 495 retail locations worldwide
- iPad has 81% share of tablets priced above $200
- 9.7-inch iPad has 95% customer satisfaction, 12.9-inch at 100%
If you want to listen to today’s earnings call, a replay will be available here for a limited time.