Highlights from Apple's Q2 Earnings Conference Call

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.

Q&ATim Cook

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.

Market News and Data brought to you by Benzinga APIs

-

-

-

-

-

-

-

25% Off Benzinga's Most Powerful Trading Tools

-

-

-

-

-

-

-