Apple Q3 2013 earnings call by the numbers
Apple announced its quarterly earnings for Q3 2013. iPhone sales were strong, while iPad and Mac sales declined slightly. During the earnings conference call, Peter Oppenheimer, along with Tim Cook, summed up some stats and commented about the state of Apple ecosystem as follows:
- iPhone sales up 66 percent in Japan, 51 percent in US, 50 percent in the UK, 400 percent in India and 140 percent in the Philippines.
- 1.1 million iPad sales to US schools.
- iTunes revenue for Apple was US$2.4 billion, up 29 percent from a year ago.
- 60,000 movies and 230,000 TV episodes available in iTunes.
- More than 1 billion TV episodes and 390 million movies downloaded from iTunes to date, that's a rate of 800,000 TV episodes and 350,000 movies per day.
- 900,000 iOS apps, of those 375,000 apps are designed for the iPad.
- App Store developers have made over $11 billion since it started.
- 320 million iPod accounts.
- 240 million Game Center accounts.
- Almost 900 billion iMessages sent.
- Over 125 billion photos uploaded.
- Over 8 trillion push notifications.
- $4.1 billion in revenue from Apple retail stores; average revenue per store was $10.1 million.
- Opened six new stores in five countries, with a total of 408 stores worldwide and 156 of those are outside the US.
- Foot traffic of 16,000 visitors per store per week.
- Nine new stores are slated to open in the next quarter.
- $146.6 billion in cash and both short-term and long-term securities, $106 billion is offshore.
Below are some notable quotes from the Question and Answer part of the earnings call.
- "We are on track to have a very busy fall. I would like to leave it there and go into more detail on October," said Oppenheimer, when asked about the company's product cycle.
- "So if there are lots of other tablets selling, I don't know what they are being used for, because that's a pretty, the basic function is web browser." -- Cook, after noting that 84 percent of tablet web traffic is from the iPad.
- "We haven't announced anything relative to a trade-in program so what you've seen is rumor-oriented. ... I'm not opposed to it. I see channels doing it and I like the environmental aspect," said Cook in response to a question about Apple's rumored trade-in program.
- "What we have seen is that the number of first-time smartphone buyers that the iPhone 4 is attracting is very, very impressive. And we want to attract as many of these buyers as we can ... where iPhone 5 continues to be the most popular iPhone by far, we are really happy to provide an incredible high-quality product with iPhone 4 running iOS 6 to as many first-time smartphone buyers as we can," said Cook in response to a question about affordable iPhone options.
- "We are working on some stuff that we are really proud of and we will see how it does, and we will announce things when we are ready," Cook said when asked about the growth potential of new product categories.
- "We're here to make great products and we think that if we focus on that and do that really, really well that the financial metrics will also come ," said Cook, when asked why Apple isn't as focused on financial metrics and growth projections as other companies.
Apple announced its quarterly earnings for Q3 2013. iPhone sales were strong, while iPad and Mac sales declined slightly. During the...
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