CLAIM #1496 · AAPL (AAPL) · 2023Q3 earnings call · Aug 3, 2023 · due Sep 30, 2023
“But as Luca said, as he talked about how we're viewing Q4, the September quarter, we see iPhone accelerating in Q4.”
Tim Cook · CEO
In context
“r? And then I have a follow-up. Tim Cook: Switchers were a very key part of our iPhone results for the quarter. We did set a record. We set a record in Greater China, in particular, and it was at the heart of our results there. And we continue to try to convince more and more people to switch because of our -- the experience and the ecosystem and -- that we can offer them. And so I think switching is a huge opportunity for us. In terms of the upgrade cycle and so forth, it's very difficult to estimate real time what is going on with the upgrade cycle. I would say, if you think about the iPhone results year-over-year, you have to think about the SE announcement in the year ago quarter, the iPhone SE announcement in the year ago quarter. And so that provides a bit of a headwind on the comp. But as Luca said, as he talked about how we're viewing Q4, the September quarter, we see iPhone accelerating in Q4. Krish Sankar: Got it. Very helpful, Tim. And then my final question is on your retail stores, you obviously have a very large retail footprint and many of your stores seem to have been open for over a year now. How is the foot traffic there? And how do you think about sales or the retail trends in the June quarter and implications for the back half of this year on a seasonality basis? Tim Cook: I'm sorry, are you talking about our retail stores? Krish Sankar: Yes, yes, your retail stores. Tim Cook: Yes. The -- if you look at retail, it's a key part of our go-to-market approach, and it will be so key and such a competitive advantage with Vision Pro. It will give us the opportunity to launch a new product and demo to many people in the stores. And so it has many advantages in it. And we con”
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SEC filings for AAPL ↗ · Claim quote is verbatim from the 2023Q3 earnings call.