Tim Cook: The feedback for both Apple Pay Later and the savings products have both been really good. And we think both of them help customers live a better or healthier financial life. And so we’re very excited about the first days of both of them.
Operator: Our next question is from Harsh Kumar of Piper Sandler.
Harsh Kumar: Yes. Hey, guys. Thanks for squeezing me in. Tim, you’re one of the largest chip companies. You’re not a component maker. You actually use your own products. But we almost never hear in any context of you guys being a beneficiary, Apple being a beneficiary for either the Chip Act money or the R&D tax credit that’s being proposed. I was just curious if you are eligible for any of those. And then I’ve got a follow up.
Tim Cook: I don’t see Apple participating in the Chips Act directly, but we would be a beneficiary indirectly because some of our partners would hopefully be recipients of it and therefore put in additional capacity. And so on that sort of indirect basis, we would have a benefit.
Harsh Kumar: Understood. And thanks for clarification. Luca, I wanted to clarify your comments about June. When you’re saying June performance will be similar to March, I assume on a year-on-year basis, which would be June should be down about two something odd percent. Is that a fair way? And then my question that I wanted to ask, maybe another one for Tim was where do you think is the largest opportunity in your services offering? You’re doing a great job, you just set a record. But surely there must be areas where you think you can do better.
Luca Maestri: Yes. So to your question around the June performance yes, on a year-over-year basis, so comparable to the March quarter on year-over-year basis.
Tim Cook: Harsh, I think we can do better on everything. And so I wouldn’t just point to one of them. If you look at the number of active devices and the growth of active devices, I think, our services are underpenetrated in a number of different ways. And so the way that I look at it is there’s opportunity in many of them.
Suhasini Chandramouli : All right. Thank you, Harsh. A replay of today’s call will be available for two weeks on Apple podcasts, as a webcast on apple.com/investor and via telephone. The number for the telephone replay is 866-583-1035. Please enter confirmation code 493-4362, followed by the pound sign. These replays will be available by approximately 05:00 P.M. Pacific time today. Members of the press with additional questions can contact Josh Rosenstock at 488-62-1142 and financial analysts can contact me with additional questions at 408-862-5119. Thanks again for joining us.
Operator: Once again, this does conclude today’s conference. We do appreciate your participation.
