Apple CEO Tim Cook offered extended commentary on Apple Watch and sales of the device during Tuesday's quarterly conference calls with analysts. The comments came in response to a question from Piper Jafray analyst Gene Munster, and Mr. Cook goes to great lengths to explain why Apple Watch is doing very well without actually telling how well it's actually doing. Click through for the full transcript.
To loosely paraphrase Mark Twain, reports of declining Apple Watch sales were an exaggeration. What Mr. Twain really said was, "The report of my death was an exaggeration," but the sentiment is pretty much the same: Apple Watch sales were much healthier than some reports claimed.
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Sometimes even reasonable data analysis turns out to be way off base. I'm looking at you, Slice Intelligence.
Apple CEO Tim Cook says Apple Watch has a 97 percent customer satisfaction rating, and that most owners wear their watch every day. Mr. Cook shared those statistics during the company's third fiscal earnings report for 2015 where he also said he was pleased with the smartwatch's "successful launch."
Apple reported revenues for the June quarter of $49.6 billion on Thursday, with earnings of $10.7 billion, or $1.85 earnings per share (EPS). The results exceeded Apple's own guidance and consensus estimates from Wall Street, and it was fueled by record third quarter sales of both Mac (4.8 million) and iPhone (47.5 million), all-time high revenue from services, and what Apple called "the successful launch of Apple Watch."
Orders begin today for Sonos's latest addition to its line-up, the Limited Edition PLAY:1 Tone. Coming in full, murdered-out black or pristine white, these new skin variations on the PLAY:1 make a visual statement. Depending upon your color and placement choices these new models will either be the centerpiece of the room or completely fade into invisibility, either of which may work quite well for you.
Apple has hired Doug Betts, a former Fiat Chrysler Automobiles NV executive in charge of global quality at the legacy automaker. Mr. Betts's experience is in the world of automobile manufacturing—The Wall Street Journal called him an "auto industry manufacturing veteran"—and the hire could signal that Apple is getting more serious about building a car.
97 percent of Apple Watch owners are either Somewhat Satisfied or Very Satisfied with the device, according to a survey from Wristly. The survey of some 800 Apple Watch owners places customer satisfaction above both the original iPhone and the original iPad—but even more interestingly, the survey suggests that non-techies love the device more than techies.
TMO own Jeff Gamet will be talking about Apple Music Monday evening, July 20, at Silicon Valley Macintosh User Group. Jeff will show off Apple Music's features, explain iTunes in the Cloud, sort out which devices are compatible with Apple's new streaming music service, and more.
Apple on Friday officially scheduled its quarterly conference call with analysts for Tuesday, July 21st, at 5:00 PM EDT, 2:00 PM PDT. The company will be taking questions about its June quarter performance, and Wall Street appears optimistic at what the company will announce.
Internet-based television streaming scored a potentially big win this week when Federal District Court Judge George W. Wu ruled broadcasters may not be able to refuse content licenses to FilmOn. The company has been fighting a lawsuit over claims it shouldn't be allowed to rebroadcast copyrighted content over the Internet. If the ruling stands, this could open the door for other companies—potentially including Apple—to sidestep the traditional broadcast model to bring us TV shows outside of the confines of the big names like Comcast and Dish.
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