1/Notes from my quick interview with Apple CFO Luca Maestri. A thread:.
“It’s clear to us our products are very relevant to our customers lives and the pandemic has them more relevant than ever before”
“Working from home, online learning — both trends are helpful.”
“It’s clear to us our products are very relevant to our customers lives and the pandemic has them more relevant than ever before”
“Working from home, online learning — both trends are helpful.”
2/
“We grew revenue in every product category... Records for Mac, wearables, services ... and each geographic segment.”
“We grew revenue in every product category... Records for Mac, wearables, services ... and each geographic segment.”
3/ “What went better than expected for us was iPhones and Wearables. In both cases April was a tough month for us, very much impacted by C19.” May and June saw a resurgence and the iPhone SE proved successful.
4/ Apple said its “installed base” of active devices hit a new record. Mr Maestri declined to give a number but in January Apple said the figure had risen 100m in the prior 12 months to more than 1.5bn devices and more than 900m users.
5/ Apple has announced a 4-1 stock split, first since 2014. Maestri:
“We want to make sure apple stock is accessible to a broad range of investors.... it may be difficult for some retail investors to own a share, so we cut down the price”
“We want to make sure apple stock is accessible to a broad range of investors.... it may be difficult for some retail investors to own a share, so we cut down the price”
6/ No Q4 guidance, why not?
“There isn’t [guidance] because of the uncertainty that we’re seeing.”
Not certain what sort of economic stimulus in the US.
“On the call we will provide some colour on the product categories.”
“There isn’t [guidance] because of the uncertainty that we’re seeing.”
Not certain what sort of economic stimulus in the US.
“On the call we will provide some colour on the product categories.”
• • •
Missing some Tweet in this thread? You can try to
force a refresh
