Where better to get a little ‘color’ on Apple’s earnings than from a full transcript of the company’s earnings call with Wall Street analysts published by Six Colors? As in the past, Jason Snell has transcribed Apple’s presentation to Wall Street analysts along with the question and answer session at the end of the call. Here are a few of the highlights:

The iPad made a strong showing in China with Cook reporting that:

For iPad, we were very happy to return to growth in Greater China, while generating strong double-digit growth in each of our other geographic segments. Our great iPad results were driven primarily by strong customer response to iPad Pro.

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Apple has just published its financial results for Q2 2019, which is the company’s holiday quarter. The company posted revenue of $58 billion. Apple CEO Tim Cook said:

Our March quarter results show the continued strength of our installed base of over 1.4 billion active devices, as we set an all-time record for Services, and the strong momentum of our Wearables, Home and Accessories category, which set a new March quarter record,” said Tim Cook, Apple’s CEO. “We delivered our strongest iPad growth in six years, and we are as excited as ever about our pipeline of innovative hardware, software and services. We’re looking forward to sharing more with developers and customers at Apple’s 30th annual Worldwide Developers Conference in June.

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As in past quarters, Jason Snell has prepared a transcript of Apple’s earnings call on Six Colors.

This quarter marked the first time since the iPhone was introduced that Apple saw a year-over-year revenue decline for the holiday quarter. It was also the first quarter since the company announced that it would no longer report unit sales for its major product categories. Although Apple reported less information than in the past, the earnings call included some interesting tidbits including some insights into the company’s services business and hints regarding the company’s anticipated video service, which makes Snell’s transcript a great resource for prognosticators and anyone who would rather read it than listen to the recorded version.

Apple has just published its financial results for Q1 2019, which is the company’s holiday quarter. The company posted revenue of $84.3 billion, which is the first holiday quarter decline in sales since the iPhone’s introduction. Apple CEO Tim Cook said:

“While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter’s results demonstrate that the underlying strength of our business runs deep and wide,” said Tim Cook, Apple’s CEO. “Our active installed base of devices reached an all-time high of 1.4 billion in the first quarter, growing in each of our geographic segments. That’s a great testament to the satisfaction and loyalty of our customers, and it’s driving our Services business to new records thanks to our large and fast-growing ecosystem.”

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Apple has just published its financial results for Q4 2018. The company posted revenue of $62.9 billion. Apple sold 9.7 million iPads, 46.9 million iPhones, and 5.3 million Macs during the quarter.

We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” said Tim Cook, Apple’s CEO. “Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.

Estimates and Expectations for Q4 2018, and the Year-Ago Quarter (Q4 2017)

Apple’s revenue guidance for Q4 2018 fell between $60 billion and $62 billion, with gross margin estimated to be between 38% and 38.5%.

Going into today’s earnings call, The Motley Fool reports that:

For the fiscal fourth quarter, Apple is expecting revenue of $60 billion to $62 billion, which would represent year-over-year growth of 14% to 18%. The company is also calling for gross margin of 38% to 38.5%, and operating expenses of about $8 billion.

Analysts’ consensus estimates are calling for revenue of $61.48 billion, up 16.9% year over year and near the high end of Apple’s forecast; earnings per share are being pegged at $2.78, rising 34.3% compared to the prior-year quarter.

In the year-ago quarter (Q4 2017), Apple earned $52.58 billion in revenue. During that quarter Apple sold 46.7 million iPhones, 10.3 million iPads, and 5.4 million Macs.

Graphical Visualization

Below, we’ve compiled a graphical visualization of Apple’s Q4 2018 financial results.

After the break, more charts and commentary on Apple’s Q4 earnings on Twitter:

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Apple has just published its financial results for Q2 2018. The company posted revenue of $61.1 billion, an increase of 16% from the year-ago quarter. Apple sold 9.1 million iPads, 52.2 million iPhones, and 4.1 million Macs during the quarter.

“We’re thrilled to report our best March quarter ever, with strong revenue growth in iPhone, Services and Wearables,” said Tim Cook, Apple’s CEO. “Customers chose iPhone X more than any other iPhone each week in the March quarter, just as they did following its launch in the December quarter. We also grew revenue in all of our geographic segments, with over 20% growth in Greater China and Japan.”

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Apple has just published its financial results for Q1 2018. The company posted revenue of $88.3 billion. Apple sold 13.2 million iPads, 77.3 million iPhones, and 5.1 million Macs during the quarter.

“We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone X surpassed our expectations and has been our top-selling iPhone every week since it shipped in November,” said Tim Cook, Apple’s CEO. “We’ve also achieved a significant milestone with our active installed base of devices reaching 1.3 billion in January. That’s an increase of 30 percent in just two years, which is a testament to the popularity of our products and the loyalty and satisfaction of our customers.”

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Apple has just published its financial results for Q4 2017. The company posted revenue of $52.6 billion. Apple sold 10.3 million iPads, 46.7 million iPhones, and 5.4 million Macs during the quarter.

“We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services,” said Tim Cook, Apple’s CEO. “With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device.”

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