Breaking Down Apple's Second-Quarter Earnings Report

The transcript discusses Apple's financial performance, focusing on iPhone sales, gross margins, and market expectations. It highlights the company's strategy regarding cash usage, including dividends and share repurchases. The earnings report shows a miss on revenue estimates, with iPhone sales exceeding expectations but concerns over declining gross margins. The discussion also touches on Apple's other product segments and their impact on overall revenue, as well as market reactions to the financial results.

What is the expected number of iPhones to be sold in the current quarter?

• 45 million

• 42 million

• 51.2 million

• 60 million

What is the anticipated increase in Apple's dividend?

• 20%

• 15%

• 10%

• 5%

What was the consensus estimate for Apple's third-quarter revenue?

• $41 billion

• $50 billion

• $43 billion

• $47.4 billion

What is the expected range for Apple's gross margins in the third quarter?

• 37.5% to 38%

• 38% to 39%

• 36% to 37%

• 35% to 36%

Which product segment includes iTunes and the Apple Watch?

• iPhone

• Other Products

• Services

• Mac