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Liveblog: Apple Q3 2013 Earnings

Liveblog: Apple Q3 2013 Earnings

Apple is set to announce earnings for the third fiscal quarter of 2013 on tonights call starting at 10pm GMT ( 2:00pm Pacific Daylight Time).As the title suggests we are live blogging the call so be sure to check back at 2:00pm Pacific Daylight Time or 10pm GMT.


Jordan Crosby
July 23, 20139:56 pm

And thats the end! Thanks for joining us, be sure to stay tuned to the website. The earnings call should be available as a podcast on iTunes after 5pm this evening


Jordan Crosby
July 23, 20139:42 pm

Apple’s CFO, Peter Oppenheimer “amazing new products which we’ll introduce in the fall and across 2014

Read more at: http://www.mac-reviews.net/apples-cfo-peter-oppenheimer-amazing-new-products-well-introduce-in-the-fall-and-across-2014/


Jordan Crosby
July 23, 20139:25 pm

our catalyst will always be new products and services


Jordan Crosby
July 23, 20139:23 pm

Tim: we don’t like to have more inventory than we need


Jordan Crosby
July 23, 20139:23 pm

Answer: We have more stores this year


Jordan Crosby
July 23, 20139:23 pm

Question: Why did channel inventory come down so much this quarter?


Jordan Crosby
July 23, 20139:22 pm

we expect consistent margins with this quarter


Jordan Crosby
July 23, 20139:22 pm

Question: New products will ship this fall bringing down gross margins and they are not reflected in outlook


Jordan Crosby
July 23, 20139:21 pm

Apple will introduce new products in the fall


Jordan Crosby
July 23, 20139:20 pm

Who’s looking forward to the Q&A section?


Jordan Crosby
July 23, 20139:19 pm

2.8b paid in dividends


Jordan Crosby
July 23, 20139:18 pm

106b of total cash is offshore


Jordan Crosby
July 23, 20139:18 pm

106b of total cash is offshore


Jordan Crosby
July 23, 20139:18 pm

ended quarter with 146.6b in cash


Jordan Crosby
July 23, 20139:18 pm

tax rate was 26.9%


Jordan Crosby
July 23, 20139:18 pm

16,000 visitors a store per week


Jordan Crosby
July 23, 20139:17 pm

84m visitors


Jordan Crosby
July 23, 20139:17 pm

revenue per store was $10.1m compared to $11.1m yoy


Jordan Crosby
July 23, 20139:17 pm

4 stores relocated


Jordan Crosby
July 23, 20139:17 pm

27 new openings in fiscal 13


Jordan Crosby
July 23, 20139:17 pm

408 stores around the world


Jordan Crosby
July 23, 20139:17 pm

$4.1b revenue


Jordan Crosby
July 23, 20139:17 pm

We are now talking Apple Retail stores


Jordan Crosby
July 23, 20139:16 pm

Peter: we are excited about the launch of iOS 7 in the fall


Jordan Crosby
July 23, 20139:15 pm

8 trillion push notifications


Jordan Crosby
July 23, 20139:15 pm

125b photos


Jordan Crosby
July 23, 20139:15 pm

900b iMessages


Jordan Crosby
July 23, 20139:15 pm

50bn downloads meaning $11bn in sales for developers


Jordan Crosby
July 23, 20139:15 pm

Developers have created 900k iOS apps including 375k iPad apps


Jordan Crosby
July 23, 20139:14 pm

390m movies from itunes


Jordan Crosby
July 23, 20139:14 pm

1b TV episodes been downloaded


Jordan Crosby
July 23, 20139:14 pm

Now talking about new deals with HBO, Sky New etc..


Jordan Crosby
July 23, 20139:14 pm

We added great new video content for iTunes and Apple TV


Jordan Crosby
July 23, 20139:13 pm

$2.4b revenue, up 29%


Jordan Crosby
July 23, 20139:13 pm

$4.3b from iTunes


Jordan Crosby
July 23, 20139:13 pm

pleased with growth and strength of apple ecosystem


Jordan Crosby
July 23, 20139:13 pm

LA school board plans to equip all students with tablets by 2014


Jordan Crosby
July 23, 20139:12 pm

1.1m ipads and strong mac sales


Jordan Crosby
July 23, 20139:12 pm

Education institution business had best quarter ever


Jordan Crosby
July 23, 20139:11 pm

It wil be available this year


Jordan Crosby
July 23, 20139:11 pm

Now informing investors about the new Mac Pro


Jordan Crosby
July 23, 20139:10 pm

Now saying how everyone loves the new MBA which were released at WWDC


Jordan Crosby
July 23, 20139:10 pm

3.8m macs sold, down from 4.0m last year


Jordan Crosby
July 23, 20139:10 pm

Moving on to Mac’s


Jordan Crosby
July 23, 20139:10 pm

Basically talking about how everyone loves the iPad!


Jordan Crosby
July 23, 20139:09 pm

Companies are developing and deploying apps for iPad


Jordan Crosby
July 23, 20139:09 pm

iPad ranked #1 in JD power tablet satisfaction survey


Jordan Crosby
July 23, 20139:08 pm

1.9m channel inventory swing, down 3%


Jordan Crosby
July 23, 20139:08 pm

iPad channel inventory has been reduced by 700k


Jordan Crosby
July 23, 20139:08 pm

14.6m iPads compared to 17m in 2012


Jordan Crosby
July 23, 20139:08 pm

Now talking about iPad


Jordan Crosby
July 23, 20139:08 pm

The iPhone holds 62.5% of US commercial market based on IDC data


Jordan Crosby
July 23, 20139:07 pm

iOS 6 was granted FIPS validation by the US federal gov


Jordan Crosby
July 23, 20139:07 pm

Continues to be smartphone of choice for business plus enterprise and governments continue to deploy iphone on networks


Jordan Crosby
July 23, 20139:06 pm

iPhone continues to lead in customer experience/satisfaction


Jordan Crosby
July 23, 20139:06 pm

93% loyalty rate among iPhone owners


Jordan Crosby
July 23, 20139:06 pm

The iPhone is the top selling phone based on IDC data


Jordan Crosby
July 23, 20139:05 pm

4-6 weeks of inventory
51% increase in US unit sales


Jordan Crosby
July 23, 20139:05 pm

11m iPhones in channel inventory at this moment


Jordan Crosby
July 23, 20139:05 pm

iPhone 5 remains by far the most popular, but 4 and 4S are selling well


Jordan Crosby
July 23, 20139:04 pm

Decrease of 600k iPhones in channel inventory


Jordan Crosby
July 23, 20139:04 pm

31.2m iPhones sold compared to 26 million


Jordan Crosby
July 23, 20139:04 pm

Operating margin $9.2bn


Jordan Crosby
July 23, 20139:04 pm

Peter: $35.3b in revenue


Jordan Crosby
July 23, 20139:03 pm

Gary Wipler will be joining for the Q&A section of this evenings call


Jordan Crosby
July 23, 20139:02 pm

We are joined by both Tim Cook & Peter Oppenheimer


Jordan Crosby
July 23, 20139:02 pm

And we’re off!


Jordan Crosby
July 23, 20138:43 pm

The live blog will start in around 15 minutes.


Jordan Crosby
July 23, 20138:43 pm

Apple has just released their Q3 2013 earnings press release. $35.3b Revenue, 31.2m iPhones, 14.6m iPads, 3.8m Macs

Read more at: http://www.mac-reviews.net/apple-reports-q3-results-35-3b-revenue-31-2m-iphones-14-6m-ipads-3-8m-macs/

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