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 impact did the pandemic have on Apple's iPhone shipments according to the text?

How did Apple manage expectations regarding their guidance during the pandemic?

What is the expected timeline for recovery for Apple as mentioned in the text?

What was mentioned about Apple's cash generation and business model?

What are the key conversations expected to be about in the upcoming management call?