Apple Beats Estimates With Help From New iPhone Customers

The transcript discusses Apple's market performance, focusing on growth in the US and Japan, challenges in China due to currency devaluation, and the impact of Samsung's recall on Apple's market share. It also covers Apple's financial strategies, including cash flow management and potential acquisitions.

What was a major concern for Apple if they experienced revenue decline?

• Increased competition

• Supply chain disruptions

• Margin contractions

• Loss of market share

What percentage of iPhone sales in China were to switchers and first-time buyers?

• 50%

• 60%

• 30%

• 40%

How did Samsung's issues in the fourth quarter benefit Apple?

• Increased market share

• Increased advertising

• Higher product prices

• Improved supply chain

What is Apple's approach to balance sheet optimization?

• Expanding product lines

• Increasing debt

• Reducing expenses

• Returning 100% of free cash flow

What could potentially change Apple's capital return strategy?

• A change in leadership

• Increased competition

• A tax holiday

• A new product launch