Hey everyone. The call should start in about 5 minutes. It's me and my colleague Roger Cheng.
Howdy all. I hope you're all excited for some Apple financial tidbits.
@Orlando_Ross Listen to the lady!
Apple also sold 26 million iPhones in the period...good numbers considering the U.S. carriers AT&T and Verizon Wireless both reported weaker iPhone sales.
@Roger Cheng Not to mention, that whole iPhone 5 thing...
@Danny Fernandez Totally. Happens every time.
In fact, it's kind of fun to watch them squirm out of answering it.
@Danny Fernandez Absolutely. The better question is how long they wait before pulling the iPhone 5 question out.
Opening remarks from Nancy Paxton saying that Apple CEO Tim Cook is on the call, along with CFO Peter Oppenheimer.
And Apple treasurer Gary Wipfler.
Oppenheimer giving a rundown of the news. Records for iPad, along with iPhone for the quarter.
23% growth in revenue for the quarter, with 11% margin.
$9.32 per share earnings, but you already knew that.
4M Macs, which is the most for any June quarter, Oppenheimer says.
That's also a growth compared to IDC's record of PC market share.
Customer response from Macbook Retina has been "excellent," says CFO
Oppenheimer going over new Macs introduced during the quarter. Says that the response has been impressive. Oppenheimer adds that it was the best quarter ever for education sales of Macs.
Tomorrow: Mountain Lion comes out.
Has more than 200 features, Oppenheimer says. That includes iMessages and iCloud integration.
Oppenheimer says Apple built iCloud into foundation of Mountain Lion.
Now onto music: 6.8M iPods, which Oppenheimer says were ahead of expectations.
iPod Touch continues to account for more than half of all iPods sold, Oppenheimer says.
$1.8B in revenue for Apple's music business.
iTunes generates revenue of $1.8B thanks to demand for music and apps, Oppenheimer says.
Oppenheimer says that 14M people have downloaded Apple's iTunes U app, which was revamped earlier this year.
iPhone: 26M units sold, 28% YoY growth, and ahead of the number the company factored into its guidance.
Apple has iPhone distribution in 250 carriers around the world, Oppenheimer says.
The company has 8.5M iPhones in channel inventory, which is about 4-6 weeks worth Oppenheimer says.
The number of iPhones in the Fortune 500 have more than doubled in the past year.
iPhone in the enterprise: More than doubled in the Fortune 500 in the past year, Oppenheimer says.
Oppenheimer and Apple really starting to push the Apple products in enterprise story.
17M iPads sold, compared to 9.2M in the same quarter last year. 84% growth there.
Now selling in 97 countries. Revenue for this was $9.2B compared to $6.0B the same quarter. Now 3.2M iPads in channel inventory, which is within 4-6 week range of channel inventory, Oppenheimer says.
Oppenheimer says that interest in $399 iPad 2 have been strong in K-12 market. More than 2x as many iPads sold as Macs in education market.
That includes Mansfield School District, which bought 11K iPads. Everyone gets one, Oppenheimer says.
iPads in schools: Getting kids hooked on Apple products when they're young.
Oppenheimer says the number of ipads in the fortune 500 has more than tripled this year.
Now name dropping British Airways using iPads, as well as its use in real estatate.
410M cumulative iOS device sales in the quarter, Oppenheimer says.
410M iOS device sales cumulative, Oppenheimer says. And App Stores in 155 countries. 650,000 Apps, including 225K just for the iPad.
Now at $5.5B doled out to developers through the App Store.