Interesting points from Apple’s Q2 earnings call

Apple earlier today announced the financial results for its fiscal second quarter of 2018, and the numbers for the 3-month period are outstanding. The company beat Wall Street expectations across the board, and grew in almost every category year-over-year.

Following the release of its earnings report, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about Apple’s performance. And as usual, we’ve put together a roundup of some of the more interesting points and highlights from the call.

  • Apple announced new $100 billion stock buyback program, increase dividend by 16%
  • March quarter record for both revenue and earnings
  • All-time record revenue from the services division
  • Over 270 million iTunes users
  • Apple Pay rolling out to Norway, Poland, and Ukraine in next several months
  • Apple’s wearables division up 50%, including AirPods, Beats and Apple Watch
  • 99% customer satisfaction among iPhone 8, 8 Plus and X users
  • App Store set all-time revenue record in March quarter
  • iPad grew both in units and revenue for fourth consecutive quarter
  • There are now 502 Apple Stores across the world
  • iPhone X was most popular smartphone in all of China last quarter
  • Cook on iPhone X:  “I think it’s one of those things like a team wins the Super Bowl, maybe you want them to win by a few more points, but it’s a Super Bowl winner. That’s how we feel about it. I could not be prouder of the product.”
  • Cook on Apple healthcare interest: “I don’t want to give too much away, but it’s an area of great interest that we feel can make a big difference in. It’s a major strategical area of ours.”

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