IPhone 12 Demand Boosts Apple's Earnings

The transcript discusses Apple's strong quarterly performance, surpassing expectations with over $100 billion in revenue. Key growth drivers include iPhone units and services, with significant market potential in the US, China, and India. Despite high expectations, risks such as market slowdowns pose challenges.

What were the expectations for the iPhone's performance according to the text?

How did Apple's quarterly revenue compare to previous records?

What are the two main vectors driving Apple's business according to the speaker?

What markets are considered important for Apple's future growth?

What risks does the speaker identify that could affect Apple's performance?