“During a conference call with analysts… CEO Tim Cook noted that this was the first quarterly report since co-founder and chair, and former CEO, Steve Jobs passed away on October 5th. Cook remarked at the start of the call, ‘The world has lost a visionary, a creative genius and an amazing human being. Steve was a great leader and mentor and inspired everyone at Apple to do extraordinary things. His spirit will forever be the foundation of Apple and we are dedicated to turn using the amazing work that he loved so much.’ Cook expressed gratitude for condolences sent to the company regarding Jobs’s passing away,” Tiernan Ray reports for Barron’s.
“CFO Peter Oppenheimer noted that the company’s sales of 4.89 million Mac units was a record for the company, and beat the record from the prior December quarter by 750,000 units,” Ray reports. “Oppenheimer said growth of 21% in sales of the iPhone, to 17.1 million units (which missed analysts’ estimates of 18 million to 20 million units) was better than the company expected, and a new record for the September quarter… ppenheimer said the company had expected a decline in iPhone sales after rumors of the new unit, the iPhone 4S, circulated following Apple’s June developer conference.”
Ray reports, “As regards the iPad, when Cook was asked about the potential market size, he remarked, ‘I still believe it will be larger than the PC market.'”
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