Apple Conference Call: As you probably know by now, Apple Inc. (NASDAQ:AAPL) released its quarterly earnings report yesterday.
For more information on how this impacted the company’s stock, visit this article: Apple Inc. Investors: $50 Billion Vanishes in 2 Hours.
While things may not be positive for investors at the present time, it is important to understand the finer details of the issues discussed on yesterday’s Q1 2013 conference call. It is easy to look at the numbers for what they are and figure that something has gone terribly wrong with Apple Inc. (NASDAQ:AAPL). However, this is not exactly the case.
AppleInsider did a great job breaking down the main points from yesterday’s call. Here are several highlights to keep in mind:
“Apple Chief Executive Tim Cook started off the call by saying the most important thing to his company is that customers love their products.”
“More than a half-billion iOS devices have been sold, with 75 million sold in the last quarter alone.”
“This year’s holiday quarter had one less week than the same period did in Q1 2012.”
“Apple’s cash now totals $137.1 billion, a sequential increase of over $16 billion. Over $94 billion is overseas.”
“Cook on rumors of iPhone production cuts: People should question the accuracy of any reports about build plans.”
“iMacs were down by 700,000 units year over year.”
“Cook also promised that Apple has “incredible stuff” coming down its product pipeline.”
While these were just the basic highlights of the conference call, it is safe to say that many other details were discussed.
It is interesting to note that Cook is talking so highly about future products, saying that the company has “incredible stuff” in the pipeline.
Here is another roundup of important points from the same article, this time discussing the Q2 2013 fiscal quarter: