Notes from Apple's Q2 2017 earnings call

Elizabeth Williams
May 3, 2017

While Apple's (NASDAQ:AAPL) second-quarter earnings release after market close on Tuesday is sure to include some useful insights, investors may glean more nuggets about the company during the tech giant's earnings call shortly after its earnings report is posted.

Cook cited "strong demand for new MacBook Pros" during the quarter for the increase in sales. Cook called that a new record for Mac revenue for the January-March quarter.

After several quarters in a row of year-over-year declines in revenue and earnings per share (EPS), Apple has recently returned to growth, posting revenue and EPS growth in the low single digits in its first fiscal quarter of 2017.

"Combine Apple Watch, AirPods, and Beats and our revenue from wearable products in the last four quarters was the size of a Fortune 500 company", said Cook.

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Gerber has previously suggested Apple buy GoPro but did not make any new suggestions for Apple during Tuesday's comments.

Possibly in response to the political winds of the new USA administration, Cook also interestingly emphasized Apple's commitment to the United States, describing Apple as "a company that could have only been created in the U.S". "We took our time to get it right, and we're proud of the growth of the businesses".

Later in the Q2 2017 call during the Q&A session, Cook doubled down on his denial to disclose true figures, calling the "Other Products" vertical "a really key product category for us" and again claimed the Watch sales doubled in six of the 12 top markets.

But yet again, he left us hanging when it came to the Apple Watch's exact sales numbers. Retail and online stores also grew in China by about 21%, with traffic up by 27%; Cook added that seven of Apple's top ten highest-traffic stores in the world are now located in Greater China. Tim Cook said that Apple Watch sales almost doubled year on year and touted it as the best selling smartwatch in the world. He didn't budge when asked for more details, saying only that Apple is "really committed" to Apple Watches and its other wearable devices.

Other reports by VgToday

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