Tim Cook

We’ve sold 85m iPhones and 42m iPads. These are unimaginable results, even to us. We acknowledge our growth rate has slowed and our margin has decreased from our exceptional 2012. Our average weekly growth has slowed to 19 percent, and our margins are closer to a year ago. Cook says the iPad mini was strategically priced at a lower margin. Decline in Apple’s stock price over the last couple quarters had been very frustrating to all of us, but Apple remains strong. The most important objective at Apple will always be creating the most innovative products. We see great opportunities in front of us. Cook references the potential of an exciting new product category.
Our teams are hard at work on some amazing new hardware, software, and services that we can’t wait to introduce. We remain very confident in our product plan. This is the same company that brought the world the iPhone and the iPad and we’ve got a lot more surprises in the works. Cook goes over the share repurchasing program to give capital back to investors.

Peter Oppenheimer

Peter is going over the numbers. Strong growth in iPad and iTunes sales. 95 percent loyalty rate among iPhone customers. Thrilled to sell 19.5 iPads, compared to 11.8m last year. iPad sales more than doubled in China and Japan. Able to sell significantly more iPad minis, and expand into China.
Overwhelmingly majority of iPad mini purchasers are first time iPad owners. 96 percent satisfaction rate among iPad owners. Sold just under 4m Macs, down 2 percent, but Peter says IDC says overall PC market shrunk 14 percent. iPod touch continues to account for over half of all iPods sold.
New quarterly record revenues for music, movies, and apps in the iTunes Store. Total up 28 percent. iOS is pretty cool, say Oppenheimer. People like it. iOS devices have a strong lead over Android in the enterprise. iPad accounted for 82 percent of all North American tablet web traffic in March. 800 apps downloaded per second. 300m people using iCloud. We will continue to invest in the ecosystem, new features and capabilities in the pipeline. Apple retail store revenue increased 19 percent to $5.2bn. 30 new stores in 2013, remodel at least 20. $13.1m revenue per store. 91m visitors per store. 17,500 visitors per store, per week. Now Peter moves on to the stock buy back.
This is the largest share buyback operation of any company in history. Revenue is projected to be $33.5 billion and $35.5 billion, compared to $35 billion in the year-ago quarter. That’s more flat-ish growth.

Some serious numbers. And fortunately as Apple conduct the buy back program their stock value is at its lowest for a while. Coincidence ?