Wedbush Securities Managing Director on Apple Earnings

The transcript discusses Apple's strategic direction under Tim Cook, highlighting 2019 as a pivotal year with major platform launches. It emphasizes Apple's financial stabilization, particularly in China, and the shift from iPhone sales to services as key growth engines. Despite a decline in iPhone sales, Apple's guidance remains strong, focusing on monetizing its large installed base through new services like Apple TV Plus and Apple channels. The discussion also touches on Apple's brand strength and market strategy, positioning services as the future growth driver.

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

• Expansion in China

• New product launches

• Growth in services and wearables

• Increased iPhone sales

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

• Wearables

• Mac

• iPhone

• iPad

What is Apple's primary growth engine according to the discussion?

• iPhone

• Mac

• iPad

• Services

What is a key focus for Apple in terms of brand evolution under Tim Cook?

• Retail store growth

• New hardware products

• Service and content expansion

• Increased iPhone production

What new service is Apple launching to leverage its installed base of iPhones?

• Apple Music

• Apple Arcade

• Apple TV Plus

• Apple Pay