14 DAY TRIAL // A little bit shorter than other times, Apple's Q3 financial results conference Call has given us some more insight in the way the Cupertino-based company works. Also, Tim Cook and Luca Maestri went over the numbers for the past 3 months.
Tim Cook explained the new stuff that was presented at the 2014 WWDC edition, and then he went on detailing the Q3 Financial Results.
He revealed that the company sold 35.2 million iPhones, and that is 12.7 percent more than in Q3 of 2013. When it comes to iPad, Apple has moved a stock of 13.2 million units to customers, 9 percent less than last year this time. However, the Mac sales are going up with 4.4 million units.
Apple has released a new Investor Relations Page that features a simpler design. The website has a big photo featuring an Apple Store on top, a few icons and pictures that link to other sections on the bottom.
You can see live Stock Price updates, Financial Information, SEC Filings, a page for Leadership and Governance and an FAQ Section.
"iPad met our estimates, but it didn't meet some of yours," Cook said. However, he is convinced that the customers are happy with their iPad and most of them would choose an iPad over any other tablet. Tim Cook also explained how happy they were to purchase Beats and Beats Music. In 2013 Apple has completed 29 acquisitions.
Luca Maestri, the senior vice president and chief financial officer, said Apple was expected a loss this quarter, but the cost improvements helped the company get better results.
Tim Cook went again over the partnership with IBM and how they are going to work on creating apps that are suitable for businesses. He explained that Apple's goal is not to spend money on big companies, like they did with Beats.