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Apple’s Q1 2014 Financial Results Conference Call Numbers

Apple’s Q1 2014 Financial Results Conference Call Numbers

Apple reported their Q1 2014 financial results on Monday, and also held their traditional conference call to allow questions from the press. Here are some numbers of interest from the call:

Participants in the call included Apple Chief Executive Tim Cook, Chief Financial Officer Peter Oppenheimer, and Corporate Comptroller Luca Maestri.


The iPhone

iPhone sales are showing strong growth in Japan (thanks to the NTT DoCoMo deal), China, Latin America, the Middle East and Russia.

Apple’s agreement with China Mobile is a multi-year deal, one the Oppenheimer commented on by saying, “China is an incredibly important market to Apple.”

ChangeWave reports that the iPhone has a 96% customer satisfaction rate, Kantar reports a 90% rate.

The iPhone has 59% of the U.S. commercial smartphone market.

The iPhone represents 54% of smartphone web traffic in North America.

The iPad

The first quarter saw supply constraints for the iPad, however sales were still up 14% year-over-year.

Surveys indicate a 97% satisfaction rate with the iPad.

The iPad held a 78% share of the U.S. commercial tablet market.

Over 750,000 iPads have been sold for use by K-12 students in the state of Texas alone.

Almost every team in the NFL used the iPad as playbooks this season.

The Mac

The iMac and MacBook Air saw strong growth during the quarter, versus a total worldwide computer industry sales drop of 6%.

The Mac has gained marketshare in 30 of the last 31 quarters.

Mac channel inventory is within the 4-5 week target range.

iTunes and The App Stores

The company earned $4.4 billion from its iTunes services. And recorded record billings of $4.7 billion on iTunes, driven by strong App Store sales.

Total deferred revenue was $11.4 billion, partially due to free software. The company expects to realize $8.4 billion over next four quarters.

Cumulative app downloads amounted to 65 billion, $2 billion went to developers during the quarter. There have been $15 billion in cumulative earnings paid to developers, over half of that in the last four quarters.

App Store has 1 million apps in 24 categories. Cumulative apps have surpassed 65 billion. 130,000 applications have been developed in Greater China, specifically.

Apple Retail

Stores earned $7 billion, up 9% year-over-year. A new record.

The company remodeled 6 stores, opened 4 new stores, for a total of 420 stores. 166 stores are now located outside the US.

Average revenue per store was $16.7 million, up from $16.3 million a year prior.

The average store saw 21,000 visitors per store per week.

Guidance For The Next (Q2 2014) Fiscal Quarter

Apple’s guidance is for between $42 billion and $44 billion in the current March quarter. That compares to $43.6 billion for the year-ago quarter.