What Tim Cook Had to Say About Apple's Earnings

The transcript covers a conversation with Apple CEO Tim Cook, focusing on the company's financial guidance, iPhone sales, and the pause in the upgrade cycle due to rumors. Cook highlights the significant growth in Apple's services revenue, which has reached the size of a Fortune 100 company. The discussion also touches on Apple's performance in China, noting a smaller revenue decline and strong sales in certain product categories. Finally, Cook expresses optimism about the Indian market, where Apple is making substantial investments.

What was the reason Tim Cook mentioned for the pause in the iPhone upgrade cycle?

• Higher prices of new models

• Supply chain issues

• Louder and more frequent rumors

• Increased competition from other brands

How much did Apple's services revenue grow, setting a new quarterly record?

• 22%

• 15%

• 18%

• 30%

What milestone did Apple's services business achieve according to Tim Cook?

• It doubled its revenue in a year

• It surpassed iPhone sales in revenue

• It reached the size of a Fortune 100 company

• It became the largest segment of Apple

What was the revenue decline percentage in China compared to the previous quarter?

• 8%

• 12%

• 14%

• 10%

What is Tim Cook's outlook on the Indian market?

• Pessimistic due to market challenges

• Neutral with no significant changes expected

• Very optimistic with significant investments

• Cautious due to regulatory issues