iPhone Shipments Will Be 25% Below Expected, Says Analyst

The transcript discusses the impact of the pandemic on Apple's operations, including store closures in China, Europe, and the USA, and the expected 25% decline in iPhone shipments. It highlights the company's cautious guidance for the second quarter and anticipates a slow recovery. The conversation also touches on Apple's strong cash generation and business model, with future discussions focusing on Q3, Q4, and the 5G launch.

What was one of the initial actions Apple took in response to the pandemic?

• Opened new stores in Europe

• Increased production of iPhones

• Shut down stores in China

• Launched a new product line

By what percentage are iPhone shipments expected to be below the initial expectations?

• 10%

• 25%

• 50%

• 75%

Why did Apple remove their guidance for the year?

• To announce a new product

• To increase investor confidence

• To manage expectations

• To focus on marketing strategies

What is expected to begin in the second quarter for Apple?

• A new product launch

• A recovery

• A major acquisition

• A marketing campaign

What future topic is Apple expected to discuss with management?

• The opening of new stores

• The development of a new app

• The 5G launch

• The launch of a new operating system