Apple Newsroom:
“Today Apple is proud to report our best March quarter ever, with
revenue of $111.2 billion and double-digit growth across every
geographic segment,” said Tim Cook, Apple’s CEO. “iPhone achieved
a March quarter revenue record, fueled by such extraordinary
demand for the iPhone 17 lineup. During the quarter, Services
achieved yet another all-time record, and we were excited to
introduce remarkable new products to our strongest lineup ever.
That included the addition of the iPhone 17e and the M4-powered
iPad Air, along with the launch of MacBook Neo, which is
captivating customers all around the world.”
Record results for the January–March quarter for revenue, profit, and iPhone revenue in particular. And iPhones were constrained by supply. Tim Cook led the analyst conference call because he’s still CEO, but John Ternus joined for the first time. Worth a listen to just their opening remarks.
Over at Six Colors, Jason Snell has the usual assortment of graphs charting Apple’s numbers. Spoiler: up, up, up. And he has his usual transcript of the analyst call. From that transcript, this bit from Ternus’s prepared statement made me smile:
I want to echo Tim’s sentiment about our shareholders, especially
those who have been with us for many years. Thank you so much for
your confidence in our company. As you know, one of the hallmarks
of Tim’s tenure has been a deep thoughtfulness, deliberateness,
and discipline when it comes to the financial decision-making of
the company, and I want you to know that is something Kevan and I
intend to continue when I transition into the role in September.
Translation: “In case you were worried, we intend to keep making money hand over fist when I become CEO. I’m not coming into the job to spend the company’s money like a drunken sailor.”
