Information to take away from Tim Cook’s Q1 2017 conference call Q&A with the media and analysts
Following the release of their Q1 2017 financial earnings which saw Apple beat expectations with record breaking quarterly revenue of $78.4 billion, Apple CEO Tim Cook and Chief Financial Officer Luca Maestri have given media and analysts firing questions to the two executives at the company’s Q&A session some interesting facts, data and information to take away and digest… Here’s what was revealed.
Apple Pay: Apple has reported that Apple Pay users have tripled over the last year, with hundreds of millions of transactions being made using the mobile payment service during the December quarter alone.
CarPlay: Tim Cook has revealed that CarPlay, Apple’s in-dash software, has over 1 million active users worldwide.
HomeKit: During the Q&A, Tim Cook revealed HomeKit automation is enabled throughout his home, with a single “Good morning” voice command turning on his lights and making his coffee. – The executive added his locks, fireplace and more are all controlled via HomeKit.
Apple Services: Apple has made over $7.2 billion in revenue from their services division, with the App Store bringing in $4 billon in purchased in December alone, making it the most successful month ever. Apple announced that over 2.2 million apps are now available on the App Store, with developers earning over $20 billion in 2016 alone.
Apple’s Q1 2017 Earnings:
- iPhone: 78.3 million units.
- iPad: 13 million units.
- Mac: 5.4 million.
Today’s figures show Apple has smashed their record for iPhone sales compared to the same time last year when the company reported sales of 74.8 million handsets; the reports also show Mac shipments increased over the holiday period compared to the previous year. iPad shipments however are noticeably down, with the company showing a decline of 3.1 million units, down from 16.1 million last year.
Gross margin for the quarter were 38.5 percent compared to 40.1 percent in the year-ago quarter, with international sales accounting for 64 percent of Apple’s overall revenue.
“We’re thrilled to report that our holiday quarter results generated Apple’s highest quarterly revenue ever, and broke multiple records along the way. We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch,” said Apple Chief Executive Tim Cook. “Revenue from Services grew strongly over last year, led by record customer activity on the App Store, and we are very excited about the products in our pipeline.”