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“If we look at the sequential change from the June quarter, the 12% services we reported to what we're guiding for the September quarter, we are going to see another two and a half point sequential headwind.”

“As we go into the September quarter, what I would say is we expect foreign exchange will continue to be a headwind. In fact, this is a theme that's impacting the services business more so than the total company. We expect foreign exchange to drive about a 5 percentage point headwind to the year-over-year growth rate from the March to September quarter.”

“For September, we expect to pay even higher memory costs, and we're able to offset partly by a few factors”

“If you look forward into the current quarter, the September quarter, we continue to expect high levels of demand. However, with less flexibility in supply chain, we expect the impact from the supply constraints to increase significantly sequentially.”

“We expect OIE to be around $350 million, excluding any potential impact from the mark to market of minority investments, and our tax rate to be around 16.5%.”

“We expect operating expenses to be between $19.1 billion-$19.4 billion.”

“This includes an expected benefit of approximately one percentage point related to tariff refunds.”

“We expect gross margin to be between 47%-48%.”

“For services, we expect the September quarter year-over-year reported growth rate to be largely similar to what we reported in the June quarter after removing the negative sequential impact of about two and a half percentage points from foreign exchange that we just described.”

“Therefore, we expect the September quarter reported growth rate for iPhone to be mid-teens year-over-year.”

“However, we do expect iPhone revenue to be impacted by these foreign exchange headwinds and supply constraints.”

“On iPhone, we expect to continue to see high levels of demand.”

“As a result, we expect our September quarter total company revenue to grow between 9%-11% year-over-year.”

“Second, we expect the impact from supply constraints to increase significantly sequentially.”

“We also expect our September quarter total company revenue to be impacted by two main factors. First, we expect foreign exchange to be a sequential headwind of about two and a half percentage points to the year-over-year total company growth rate from the June quarter to the September quarter.”

“However, we believe we'll see decreasing benefit from this over time beyond the September quarter.”

“Later this year, we'll make Mac mini there, too.”

“The new multi-year agreement with Broadcom, which is part of Apple's American Manufacturing Program, is expected to exceed $30 billion.”

“If you look beyond September, we see the market pricing for memory continuing to increase, which could drive an increasing impact on our business, and we're continuing to evaluate this.”

“And this summer, in the US and Canada, Apple Maps will feature ads during key search and discovery moments, creating a new way for local businesses to reach customers and explore new places.”

“And we look forward to bringing a more personalized Siri to users coming this year.”

“For the June quarter—and what is embedded in the guidance that Kevan went through earlier—we expect significantly higher memory costs.”

“We expect OI&E to be around $250 million, excluding any potential impact from the mark-to-market of minority investments, and our tax rate to be around 17%.”

“We expect gross margin to be between 47.5% and 48.5%.”

“We expect Services revenue to grow at a year-over-year rate similar to what we reported in March, after removing the favorable year-over-year impact from foreign exchange tailwinds.”

“We are looking forward to opening the doors to an all-new advanced manufacturing center in Houston later this year, which will provide hands-on training led by Apple Inc. experts and tailor-made for students, supplier employees, and American businesses.”

“At TSMC’s Arizona facility, for example, Apple Inc. is on track to purchase well over 100 million advanced chips.”

“We were pleased to share recently that Mac mini production is coming to America later this year, expanding our factory operations in Houston with a brand new facility.”

“We think looking forward that the Mac mini and the Mac Studio may take several months to reach supply-demand balance.”

“This will help power future Apple intelligence features, including a more personalized Siri coming this year.”

“From a memory point of view, to answer your question, memory had a minimal impact on Q1. So the December gross margin. We do expect it to be a bit more of an impact to the Q2 gross margin and that was comprehended in the outlook of 48 to 49% that Kevin gave earlier.”

“We expect OI&E to be around $100 million, excluding any potential impact from the mark-to-market of minority investments, and our tax rate to be around 17.5%.”

“We expect services revenue to grow at a year-over-year rate similar to what we reported in December.”

“In general, I think as we've talked about before, we are expecting increases in our CapEx spending related to AI investments.”

“Right now on the commodity side, I would say we're seeing a slight tailwind on memory in storage prices and nothing really to note there.”

“our tax rate to be around 17%.”

“We expect OI&E to be around $150 million, excluding any potential impact from the mark-to-market of minority investments and our tax rate to be around 17%.”

“we are significantly increasing our investments in AI, while continuing to invest in our product road map. And so for the December quarter, we expect operating expenses to be between $18.1 billion and $18.5 billion.”

“we're committed to invest $600 billion over the next 4 years with a focus on innovation in strategic areas like advanced manufacturing, silicon engineering and artificial intelligence.”

“starting next year, Apple TV will be the place for subscribers to follow every twist and turn of the new season.”

“And as we've shared, we expect to release it next year.”

“You are going to continue to see our CapEx grow. It's not going to be exponential growth, but it is going to grow substantially.”

“We are also significantly growing our investments.”

“You are going to see an increase in CapEx.”

“and our tax rate to be around 17%.”

“We expect OI&E to be around negative $25 million, excluding any potential impact from the mark-to-market of minority investments and our tax rate to be around 17%.”

“We're making good progress on a more personalized Siri, and as we've said before, we expect to release these features next year.”

“I'll just add that on your question about investment that we don't underestimate -- underinvest in our business. We make significant investments in R&D. That continues to grow. We're continuing to grow our R&D investment.”

“We expect OI&E to be around negative $300 million, excluding any potential impact from the mark-to-market of minority investments and our tax rate to be around 16%.”

“Given the continued confidence we have in our business now and into the future, today, our Board authorized an additional $100 billion for share repurchases as we maintain our goal of getting to net cash neutral.”

“With regard to the more personal Siri features we announced, we need more time to complete our work on these features so they meet our high-quality bar. We are making progress and we look forward to getting these features into customers' hands.”

“we were excited to announce plans to connect with even more customers this year by adding a fifth store in the UAE and bringing our online store to Saudi Arabia this summer.”

“In April, we're bringing Apple Intelligence to more languages, including French, German, Italian, Portuguese, Spanish, Japanese, Korean, and simplified Chinese, as well as localized English to Singapore and India.”

“But I think for most, they're going to find that they're going to use many of the features every day. And certainly, one of those is the -- is Siri, and that will be coming over the next several months.”

“We expect OI&E to be around negative $300 million, excluding any potential impact from the mark-to-market of minority investments, and our tax rate to be around 16%.”

“We can't wait to welcome customers to the first of several flagship store locations in Saudi Arabia that were opening beginning in 2026.”

“while NAND and DRAM increased during the course of the September quarter and we expect them to increase during the December quarter.”

“we believe that soon we'll be out of constraint.”

“And we look forward to additional intelligence features in December, with even more powerful Writing Tools, a new visual intelligence experience that builds on Apple Intelligence, and ChatGPT integration, as well as localized English in several countries, including the UK, Australia, and Canada.”

“And our tax rate to be around 16%.”

“We expect OI&E to be around negative $250 million, excluding any potential impact from the mark to market of minority investments.”

“Keep in mind on the Mac that we will have a challenging compare from a year ago, given the fact that we launched and we had the full quarter impact of the launch of the MacBook Air 15-inch a year ago.”

“But yes, I mean you can expect that there is -- we will continue to invest and increase it year-on-year.”

“Our objective that we said in June is to roll out US English starting in the fall and that is to users, and then proceed with more functionality, more features, if you will, and more languages and regions coverage as we proceed across the next year.”

“We expect a slightly different mix. We expect foreign exchange to have a minimal impact sequentially, although a more significant impact on a year-over-year basis.”

“We expect OI&E to be around negative $50 million, excluding any potential impact from the mark to market of minority investments, and our tax rate to be around 16.5%.”

“We expect our September quarter total company revenue to grow year-over-year at a rate similar to the June quarter.”

“We expect foreign exchange to continue to be a headwind and to have a negative impact on revenue of about 1.5 percentage points on a year-over-year basis.”

“And the same applies for foreign exchange. Foreign exchange will have a negative impact sequentially of about 30 basis points.”

“Within that guidance, we expect memory to be a slight headwind, not a very large one, but a slight headwind.”

“we plan to continue along the same lines going forward.”

“We expect OI&E to be around $50 million, excluding any potential impact from the mark-to-market of minority investments and our tax rate to be around 16%.”

“Apple Vision Pro, the most advanced personal electronics device ever, will be available in Apple stores for customers in the U.S. with expansion to other countries later this year.”

“We expect OI&E to be around $50 million, excluding any potential impact from the mark-to-market of minority investments and our tax rate to be around 16%.”

“We expect, as of today, that we're going to be in supply demand balance by the end of the quarter.”

“We're excited to get this magical product in the hands of customers early next year.”

“Also, on foreign exchange, we expect a negative year-over-year revenue impact of about 1 percentage point.”

“We expect OI&E to be around negative $200 million, excluding any potential impact from the mark-to-market of minority investments and our tax-rate to be around 16%.”

“We also expect to grow after normalizing for both last year's supply disruptions and the one extra week.”

“Over 300 of our suppliers have committed to using a 100% clean energy for Apple production by 2030.”

“We plan to make every product across our lineup carbon neutral by the end of the decade.”

“But as Luca said, as he talked about how we're viewing Q4, the September quarter, we see iPhone accelerating in Q4.”

“In June, the performance was across the board...We think the situation will continue to improve as we go through September.”

“We continue to believe there is great value in our stock and maintain our target of reaching a net cash neutral position over time.”

“We expect OI&E to be around negative $250 million, excluding any potential impact from the mark-to-market of minority investments, and our tax rate to be around 16%.”

“We expect iPhone and Services year-over-year performance to accelerate from the June quarter.”

“Given the continued confidence we have in our business now and into the future, today our Board has authorized an additional $90 billion for share repurchases as we maintain our goal of getting to net cash neutral over time.”

“The environment on the component side is favorable. We've seen component prices decline during the March quarter, and we expect the same during the June quarter.”

“For the first time in several quarters, foreign exchange, we expect foreign exchange to be flat on a sequential basis at the gross margin level.”

“We're also raising our dividend by 4% to $0.24 a share, and we continue to plan for annual increases in the dividend going forward.”

“We expect OINE to be around negative $250 million excluding any potential impact from the mark-to-market of minority investments and our tax rate to be around 16%.”

“We expect OI&E to be around negative $100 million, excluding any potential impact from the mark-to-market of minority investments, and our tax rate to be around 16%.”

“Foreign exchange is still a negative, about 50 basis points sequentially, but it's mitigating. The last couple of weeks, the dollar has weakened a bit. And so hopefully, as we go through the year, hopefully, things will improve.”

“There is nothing unusual that we see for the next 12 months.”

“But on the positive side, we are seeing commodities behave fairly favorably for us. And so we believe we can offset the foreign exchange – the negative foreign exchange that we're seeing.”

“We expect OI&E to be around negative $300 million, excluding any potential impact from the mark-to-market of minority investments and our tax rate to be around 16.5%.”

“We believe in investing through the downturn. And so we'll continue to hire people and invest in areas, but we are being more deliberate in doing so in recognition of the realities of the environment.”

“With the new M2 chip powering MacBook Air and the 13-inch MacBook Pro, we expect more customers to make Mac available to their entire workforce.”

“We continue to believe there is great value in our stock and maintain our target of reaching a net cash neutral position over time.”

“We expect OI&E to be around negative [indiscernible] impact from the mark-to-market of minority investments and our tax rate to be around 16%.”

“We expect OpEx to be between $12.9 billion and $13.1 billion.”

“I would say on the positive side here is that the demand for both our products and services is solid.”

“It will affect most of the product categories. And we obviously will look to do any kind of optimization that we can do to minimize the effect on the user.”

“The – on a positive front, almost all of the affected final assembly factories have now restarted. And so the range – the $4 billion to $8 billion range reflects various ramps of getting back up and running.”

“and we continue to plan for annual increases in the dividend going forward.”

“We expect OI&E to be around negative $100 million excluding any potential impact from the mark-to-market of minority investments and our tax rate to be around 16%.”

“We expect OpEx to be between $12.7 billion and $12.9 billion.”

“Additionally, we paused, all sales in Russia during the March quarter. This will impact our year-over-year growth rate by approximately 150 basis points.”

“We'll probably be doing even more here as more chips are produced here.”

“It will affect most of the product categories. And in terms of whether it's -- whether we can recapture or not we believe that there's a percentage of it that is recapturable and a percentage of it that is likely not where somebody needs something quickly.”

“We expect OI&E to be around negative $150 million, excluding any potential impact from the mark-to-market of minority investments, and our tax rate to be around 16%.”

“We expect OpEx to be between $12.5 billion and $12.7 billion.”

“We’ve put our current thoughts in the gross margin guidance that we gave you, the 41.5% to 42.5%. I would tell you that we are seeing a significant increase in freight costs. And I would assume that that is pretty consistent across different companies. And so, we’re clearly seeing some inflation there.”

“We expect OI&E to be around negative $50 million, excluding any potential impact from the mark-to-market of minority investments and our tax rate to be around 16%.”

“We expect OpEx to be between $12.4 billion and $12.6 billion.”

“For services, we expect our growth rate to decelerate from the September quarter but to remain strong.”

“This brings us closer to removing all plastic in our packaging by 2025.”

“But we expect that number to be higher for the September quarter.”

“We expect OI&E to be around zero, excluding any potential impact from the mark to market of minority investments and our tax rate to be around 16%.”

“We expect our OpEx to be between $11.3 billion and $11.5 billion.”

“And third, we expect supply constraints during the September quarter to be greater than what we experienced during the June quarter.”

“Second, we expect our services growth rate to return to a more typical level.”

“First, we expect the foreign exchange impact on our year-over-year growth rate to be three points less favorable than it was during the June quarter.”