Tag: apple pay

Q2 2016 (technically their Q3) – Apple Earnings Call Summary

Apple

Below are my key takeaways from the Apple Q3 2016 Earnings Call on July 26:

Summary:

Successfully launched the iPhone SE.  Switchers accounted for the highest percentage of iPhone sales ever.  Grew services business by 19% YoY and had highest App Store revenue ever.  Returned $13B to investors through share repurchases and dividends.

Very bullish in China and India.  In China, opened 41st Greater China retail store saw install base of iPhones grow by 34% YoY, making it the most common brand on country’s mobile network. In first 9 months of the year, have already seen $40B, up 55% from same time frame last year.  In India, the first three quarters of the year saw iPhone sales up 51% YoY.

Apple Pay is being used in 75% of contact-less payments in the US.  More than 11MM contactless ready locations in the countries where Apple Pay is available including 3MM locations in the US.

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