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MacDailyNews presents live notes from Apple’s Q225 conference call
- Apple reported quarterly revenue of $95.4 billion, up 5% YoY, and EPS of $1.65, up 8% YoY, beating analyst estimates.
- Tim Cook highlighted various aspects during the conference call, including Apple's performance in China and the impact of tariffs.
- Apple expects a tax rate of 16%, gross margin of 45.5%-46.5%, and low to mid-single-digit growth in the June quarter.
- The board authorized a $100 billion stock repurchase, declared a cash dividend increase, and revealed financial figures and customer satisfaction ratings.
- Cook teased exciting announcements for WWDC 2205 and discussed the limited impact of tariffs in the March quarter.
- Apple's renewable energy efforts, Siri enhancements, privacy features, and AI advancements were also discussed by Cook.
- The services sector saw strong performance, with revenue reaching a record high, and new offerings like Apple TV+ content were promoted.
- Apple highlighted revenue from iPad, Mac, iPhone, services, wearables, and accessories, along with plans for expansion and product updates.
- Apple emphasized its contribution to the U.S. economy, spending plans, and supplier relationships during the call.
- The AAPL stock saw a decline in after-hours trading following the conference call.
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