Conference call recap ahead...1:41 pm: After declining over 1.5% in regular trading today, Apple's stock is currently up over 1% in after-hours trading following the earnings release.1:45 pm: Apple CEO Luca Maestri notes that Apple generated nearly $29 billion in operating cash flow and returned over $32 billion to shareholders during the quarter, while the company's installed base of active devices hit all-time highs in all geographic segments.1:47 pm: On a year-over-year basis, Apple's iPhone revenue was down 1.0%, Mac revenue was up 2.5%, iPad revenue was up 23.7%, Wearables revenue was down 2.3%, and Services revenue was up 14.1% 1:56 pm: Apple's quarterly earnings call with analysts should begin at the top of the hour.
In particular, he notes Apple Intelligence running on M3, in particular safety and privacy.2:08 pm: iPad revenue was $7.2 billion, 20% higher year over year, on the back of the new 11- and 13-inch iPad Air, as well as the new iPad Pro.2:08 pm: iPad Pro and iPad Air models, powered by the M series of Apple Silicon, will be able to use Apple Intelligence, he notes.2:09 pm: In Wearables, Home and Accessories, revenue was $8.1 billion, down 2% from last year.
USAA, a leading insurance and financial services company, recently expanded beyond their existing iPhone and iPad deployments to provide their employees the latest MacBook Air and American Express has continued to add to their fleet of over 10,000 Macs to enhance their employees' productivity".2:22 pm: Apple entered the quarter with $153 billion in cash and marketable securities.It repaid $4.3 billion in maturing debt and increased commercial paper by $1 billion, leaving total debt of $101 billion.
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