Apple sold more iPhones and iPads over the last quarter than any other quarter. Yet Apple’s profit was flat compared with last year, and iPhone sales were down in North America, raising questions among investors about how much room Apple has to grow.
After the company’s financial earnings call, Timothy D. Cook, the company’s chief executive, answered questions from analysts about a variety of topics related to the company, including mobile payments and the seemingly disappointing performance of the iPhone 5C. Here are some of the highlights from the session.
On Apple’s small dip in iPhone sales in North America, Mr. Cook said he thought this would be a temporary setback:
On the potential for Apple to explore mobile payments, Mr. Cook sounded enthusiastic:
Mr. Cook has big hopes for China Mobile, the largest phone carrier in the world that just started selling iPhones:
Mr. Cook said Apple’s iPhones and iPads were dominant among businesses and professional customers. That is bad news for Samsung Electronics, which has been pushing hard to get its Galaxy tablets and phones more widely used by professionals:
Mr. Cook was transparent about the iPod’s imminent decline, which didn’t help Apple’s bottom line. Apple’s iPod sales were down 52 percent compared with the same quarter last year:
Mr. Cook admitted that the “mix” of demand for the iPhone 5S versus the cheaper iPhone 5C was different than the company expected:
This post has been revised to reflect the following correction:
Correction: January 28, 2014
An earlier version of a photo caption associated with this blog post stated incorrectly where Timothy D. Cook, Apple's chief executive, was to commemorate the release of iPhones through China Mobile. Mr. Cook was in Beijing, not Shanghai.
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