Wedbush Securities Managing Director on Apple Earnings

The transcript discusses Apple's strategic shift from relying heavily on iPhone sales to focusing on services as a growth engine. Tim Cook views 2019 as a pivotal year with major platform launches. Despite a decline in iPhone sales, Apple's financial performance shows stabilization, particularly in China. The company is leveraging its large installed base of iPhones to drive revenue through services like Apple TV Plus and Apple channels. The discussion highlights Apple's brand strength and its strategy to monetize its consumer base through new content and services.

What was a significant factor in Apple's record revenue during the June quarter?

• Increased iPhone sales

• Growth in services and wearables

• New product launches

• Expansion into new markets

What is considered the 'meat and potatoes' of Apple's business?

• Wearables

• iPhone

• Mac

• Services

What is Apple's strategy to leverage its installed base of iPhones?

• Launching new hardware products

• Focusing on monetizing through services

• Expanding into new geographical markets

• Reducing prices of existing products

What is a key aspect of Apple's future growth strategy as discussed in the video?

• Increasing advertising spend

• Enhancing services and content offerings

• Expanding retail stores

• Developing new hardware

What new service is Apple launching to enhance its content offerings?

• Apple Music Plus

• Apple TV Plus

• Apple News Plus

• Apple Arcade