To coincide with Apple’s Q3 2013 earnings release, the company will hold a live conference call to discuss the results at 2 PM Pacific/ 5 PM Eastern Time. Below, we will have a full live blog of the proceedings. We’ll be nothing things of interest.
– Waiting for the call to start
– Oppenheimer speaking now. New June record for iPhone sales. Overall revenue up 1% for the year ago quarter. Gross margin and revenue both at the high end of the predicted range. Diluted earnings of $7. 47.
– Talking iPhone. 20% increase YOY. iPhone sales ahead of expectations. Apple is very pleased about this, especially in both developed and emerging markets. iPhone 5 remains by far the most popular iPhones, but Apple is happy with iPhone 4 and iPhone 4S sales. 4-6 weeks of iPhone channel inventory. 51% sales increase in the U.S. iPhone once again achieves #1 spot in smartphone market. 39% share.
– iPhone top selling smartphone in Japan. 66% growth.
– 93% loyalty rate among iPhone owners. iPhone continues to lead in terms of customer experience. iPhone earns top JD Power spot (9 consecutive times). Also highly satisfied based on several other surveys. Also a smartphone choice for enterprise, business, and government clients.
– American Airlines, Cisco, GE, and more have deployed more than 25,000 iPhones each. Government agencies are supporting and managing thousands of iPhones on their networks (and creating their own apps).
– Talking iPad: YOY drop is due to less iPads produced for this quarter compared to units produced for the YOY quarter. 4.1 million iPad channel inventory remaining. Customers continuing to love their iPads. iPad ranks #1 in JD Power tablet satisfaction survey.
– Companies are developing, deploying, and selling apps for iPads.
– Turning to Mac, Apple was pleased with 3.8 million Mac sales. Decline, yet higher than expectations. Oppenheimer talking the new MacBook Airs and Mac Pro. Assembled in US, available later this year.
– Oppenheimer now talking OS X Mavericks with iBooks and Maps, Finder Tags/Tabs, new Technologies for performance, new Safari. Available this fall.
– Oppenheimer talking education: 1.1 million iPad unit sales to Education. Talking about massive iPad rollout to Los Angeles district.
– iTunes Store generates 4.3 billion dollars in the June quarter. Best App Store week ever in the last week of the quarter.
– Oppenheimer talking recently added content to Apple TV and iTunes. Big Movie and TV show episode download numbers. Apple Developers have made over 11 billion dollars in App Store sales, half of which within the last four quarters. 900 billion iMessages, 125 billion photos, 8 trillion push notifications. Thanks for the security and popularity of iOS, iPhone 5 is by far the most activated device in the enterprise.
– Oppenheimer talking iWork for iCloud beta coming in the fall. Apple also excited about iOS 7 this fall, with new design, Control Center, new Multitasking, Photos, etc.
– Oppenheimer talking Retail numbers.
– Oppenheimer also discussing debt offering and share purchase program.
– Now discussing the expectations for the next quarter.
– Moving on to Q/A.
– “We are on track to have a very busy fall, and go into more detail in October.”
– Asking about smartphone growth slowing perspective. Cook: From a growth point-of-view, our key catalyst will always be new products and services in both existing and new categories. Additionally, we have opportunities and distribution from retail expansion and carrier relationships. There are more market expansion opportunities. “I think we have lots of growth opportunities,” Cook says. He also doesn’t think the higher-end of the smartphone market has reached a peak. Cook says iPad web share data means the iPad has hit 84% of tablet web traffic. Cook also talking iPad growth in education.
– Question about iOS 7 in the Car. Cook says having something in the automobile is very important, this is something that people want, and this is something that Apple can do better than anyone else.