Apple announced its quarterly earnings for Q3 2013. iPhone sales were strong, while iPad and Mac sales held their own. During the earnings conference call, Peter Oppenheimer, along with Tim Cook, summed up some stats and commented about the state of Apple ecosystem as follows
- iPhone sales up 66 percent in japan, 51 percent in US, 50 percent in the UK, 400% in India, and 140% in the Philippines
- 1.1m iPad sales to US schools
- iTunes revenue for Apple was $2.4 billion, up 29 percent from a year ago
- 60,000 movies and 230,000 tv episodes available in iTunes
- More than one billion TV episodes and 390 million movies downloaded at a rate of 800,000 TV episodes and 300k movies per day
- 900k iPhone apps created to date
- App Store developers have made over $11 billion since it started
- $4.1 billion in revenue from Apple retail stores
- Opened 6 new stores in 5 countries, with a total of 408 stores worldwide and 156 of those are outside the US.
- Foot traffic of 16,000 visitors per store per week
- 9 new stores are slated to open in the next quarter
- $146.6B in cash and short-term securities, $106 billion is offshore
- “We are on track to have a very busy fall,” Peter Oppenheimer.
- “If there are lots of other tablets being sold, I don’t know what they’re being used for.” — Tim Cook, after noting that 84 percent of tablet web traffic is from the iPad.
- “We haven’t announced anything relative to a trade-in program … I’m not opposed to it. I see channels doing it and I like the environmental aspect,” said Tim Cook in response to a question about an Apple phone trade-in program.
- “We’re working on some stuff that we are really proud of and we will see how it does,” Cook said when asked about the growth potential of new product categories.
- “We think if we focus on great products and do it well, the financial performance will also come,” Tim Cook.
You can read our live blog with all the details here.