Highlights from Apple’s Q3 earnings call

Following the release of its Q3 financial results, Apple’s CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about the numbers. You already know Apple set a June quarter record earning $53.3B in revenue on 41.3M iPhone sales, but below we’ve listed some  other highlights from the call.

  • Apple Pay facilitated more transactions than Square last quarter
  • Apple Pay coming to 7/11 and CVS this fall
  • Apple Pay launching in Germany next year
  • Articles read on Apple News has more than doubled year-over-year
  • App Store developers have earned more than $100 billion since launch
  • Apple hit an all-time services record revenue of $9.5B (App Store, iTunes, etc)
  • Apple services now has a paid subscriber base of 300+ million
  • Cook re: Apple’s plans for original content: “I could not be more excited about what’s going on there…… and feel very good about what we will eventually offer.”
  • Later this year iTunes will become largest hub of Dolby Atmos movies
  • Charter Communications to soon begin offering Apple TV 4K to some 50 million customers
  • Apple’s wearables division has seen 60% year-over-year growth
  • Cook: Apple Watch has hit an air pocket and gone to a different level
  • Apple expects Q4 revenue to be between $60-$62-billion, up ~$10 billion from last year

At the time of writing, Apple’s stock is up nearly 4% in after-hours trading. If you’d like to listen to today’s earnings call, a replay will be available here for a limited time.