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Some highlights from Apple's
AAPL second-quarter earnings conference call:
- India and Vietnam Sales doubled.
- Deutsche bank has 20,000 Iphones and has created 40 internal apps.
- Siemens has 30,000 iphones and has created 15 internal apps.
- Cumulative App Store downloads have topped 70 billion.
- App Store produced more revenue than Google Play even though Android has a larger market share.
- Ipad continues to lead all tablets in ecosystem, ecommerce, and web traffic.
- Ipad users generated four times the web traffic of all Android users combined.
- Among those that want to buy a tablet in 90 days, ⅔ say they want to buy Apple.
- Ipad has over a 90% market share in the U.S. education market.
- Over 75% of the buyback program has been completed with 7 quarters left.
- The plan is to increase the size of the program from $100 billion to $130 billion.
- To do this Apple will increase the size of share repurchase authorization and restrict stock units.
- Apple continues to advocate for tax reform, because it will be good for the U.S. economy.
- Apple plans to be active in the domestic and international bond markets.
- Apple is doing the 7-for-1 split in order to make Apple stock more accessible.
- I do believe that we can monetize more than we are in existing areas and in new areas.
- The strength in growth in the app store is broad based.
- Apple price things in such a way that it is the sale price for the value Apple is delivering.
- Apple is expecting some loss in leverage due to the sequential decline in revenue though a partial offset will come from cost improvements.
- Over the last quarter Apple has gained share in many markets from developed to emerging markets.
- About half of the $41 decline has to do with strong sales in emerging markets with the 4s.
- The smartphone market is a billion or some units and the smartphone will eventually take over the whole cellular phone market.
- Apple has seen its ability to attract new users to the Iphone in emerging markets.
- Apple might not be able to attract new customers to the the higher-tier products due to pricing but getting new customers at the entry level will enhance the ecosystem.
- The Ipad has been the the fastest growest product in Apple's history and was the first one to be immediately accepted in consumer, business, education markets.
- The focus on education is penetration, getting more schools to buy the Ipad.
- According to studies, student achievement is higher with Ipad in the classroom than without it.
- 91% of activation of tablets in enterprise were Ipads.
- Ipad market share is weighed down by products that Apple would not call tablets.
- The key thing is to stay focused on things that Apple can do best and perform at a high quality that Apple's customers expect.
- Apple has been working in the background on expanding but are not ready to pull the curtain.
- It means much more to Apple to get it right than to be first.
- From an acquisition point of view, Apple is on the prowl.
- Apple looks for companies with great people and great technology and they don't have spending limit; they will spend what they think is a fair price.
- Strategically, acquisitions it makes sense and they make sense for the shareholders too.
- This quarter demonstrates Apple can do well in different geographies
- An all time revenue record was set in greater China of 9.8B.
- Mac units were up 13% in China.
- Itunes software and services revenue doubled in China.
- Ipad demand grew 6% in China.
- 85% of the people who bought 4s were first -time buyers; 70% switched from Android.
- 69% of the people who bought the 5c were first time users; 60% switched from Android.
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