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.