Where better to get a little 'color' on Apple's earnings than from a full transcript of the company's earnings call with Wall Street analysts published by Six Colors? As in the past, Jason Snell has transcribed Apple's presentation to Wall Street analysts along with the question and answer session at the end of the call. Here are a few of the highlights:
The iPad made a strong showing in China with Cook reporting that:
For iPad, we were very happy to return to growth in Greater China, while generating strong double-digit growth in each of our other geographic segments. Our great iPad results were driven primarily by strong customer response to iPad Pro.
Apple reported strong wearables sales with $5.1 billion in sales. Regarding the new AirPods Tim Cook said:
Last month we introduced new AirPods, the second generation of the world’s most popular wireless headphones, and demand has been incredible. This is nothing less than a cultural phenomenon.
On the Apple Watch Cook commented that:
Apple Watch is the best selling and most loved smartwatch in the world, and produced its best results ever for a non-holiday quarter. It’s reaching many new customers, with three-quarters of purchases going to customers who have never owned an Apple Watch before.
CFO Luca Maestri added about the AirPods that:
Interest in AirPods has been off the charts and we're working hard to catch up with the incredible customer demand. Read more