Transcript: Here’s Everything Tim Cook Said About Apple’s Impressive June Quarter Today

Apple today reported revenue of $45.4 billion and net quarterly profit of $8.7 billion, or $1.67 per diluted share, in its fiscal third quarter ended June 24.

Apple CEO Tim Cook and CFO Luca Maestri discussed the results on a conference call today. MacRumors has prepared a complete transcript of the call ahead.

Tim Cook


Good afternoon, and thanks everyone for joining us. Today, we're proud to announce very strong results for our fiscal third quarter, with unit and revenue growth in all of our product categories. We'll review our financial performance in detail, and I'd also like to talk about some of the major announcements we made in June at our Worldwide Developers Conference. It was our biggest and best WWDC ever, and the advancements we introduced across hardware, software, and services will help us delight our customers, and extend our competitive lead this fall, and well into the future.

For the quarter, total revenue was at the high end of our guidance range at $45.4 billion. That's an increase of 7 percent over last year, so our growth rate has accelerated in three consecutive quarters this fiscal year. Gross margin was also at the high end of our guidance, and we generated a 17 percent increase in earnings per share. iPhone results were impressive, with especially strong demand at the high end of our lineup. iPhone 7 was our most popular iPhone, and sales of iPhone 7 Plus were up dramatically compared to 6s Plus in the June quarter of last year. The combined iPhone 7 and 7 Plus family was up strong double digits year over year. One decade after the initial iPhone launch, we have now passed 1.2 billion cumulative iPhones sold. Continue reading Transcript: Here’s Everything Tim Cook Said About Apple’s Impressive June Quarter Today

Apple CFO Luca Maestri to Speak at 2017 Goldman Sachs Technology and Internet Conference Tomorrow

Apple CFO Luca Maestri will speak at the Goldman Sachs Technology and Internet Conference tomorrow afternoon, according to Apple's investor news site. Maestri will speak at 1:20 p.m. Pacific Time, and Apple will provide an audio webcast of the session.

The Technology and Internet Conference is hosted by Goldman Sachs each year, and while Tim Cook has attended the event multiple times in the past, it will be Maestri's first time speaking at the event.

As CFO, Maestri may be asked about Apple's impressive iPhone sales and return to revenue growth last quarter. Other topics could include Apple's capital return program, overseas cash, growth in emerging markets, and other finance-related topics. No major announcements have been made at the conference in the past, but Maestri's comments may offer an interesting look into Apple's business.

MacRumors plans to provide coverage of the event and will share details on what Maestri has to say.


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