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What Tim Cook said
Six Colors has the transcript of everything Apple CEO Tim Cook said to analysts in yesterday's earnings call.
Apple Watch in April
One of the things Tim Cook said last night:
Development for Apple Watch is right on schedule, and we expect to be shipping in April. Developers are hard at work on apps, notifications, and information summaries that we call Glances, all designed specifically for the watch’s user interface. The creativity and software innovation going on around Apple Watch is incredibly exciting, and we can’t wait for our customers to experience them when Apple Watch becomes available.
Even the analysts were taken aback
Apple's quarter surprised Cupertino and Wall Street:
Three factors made last quarter especially hard to predict, and it all had to do with the new iPhones, according to Gene Munster, an analyst at Piper Jaffray & Co. The first was how many Android users would make the leap now that Apple offers a bigger phone. The answer: more than anytime in the last three years, Cook said on today's earnings call. The second was whether people would spring for the pricier models with double the storage compared with previous models. They did. “Lastly, they did a better job of building them,” Munster says. “It was a genuine surprise.”
Here's what Cook had to say: “Demand for iPhone has been staggering, shattering our high expectations with sales of over 74 million units driven by the unprecedented popularity of iPhone 6 and iPhone 6 Plus. This volume is hard to comprehend. On average, we sold over 34,000 iPhones every hour, 24 hours a day, every day of the quarter.”
“By the numbers: Apple's ludicrous fourth quarter”
AppleInsider highlights some of this quarter's crazy numbers.
Apple Pay off to strong start
Apple said its mobile payments service got off to strong start. Apple Pay, which allows consumers to wave an iPhone near a wireless reader, accounts for two of every three dollars spent via contactless payments on Visa , MasterCard or American Express , the company said. It didn’t break out Apple Pay in its results.