Apple CEO Steve Jobs: iPhone sales “too big to ignore”
Making a rare appearance during the company’s quarterly results conference call, Apple CEO Steve Jobs discussed several topics, including iPhone sales, the App Store, and the economy. Notably, Jobs compared Apple’s iPhone sales in the quarter to that of rival Research In Motion, stating that Apple “beat” RIM by selling 6.9 million iPhones compared to RIM’s sales of 6.1 Blackberry devices. “Even more remarkable,” Jobs said, was the fact that measured by revenues, Apple has become the world’s third-largest mobile phone supplier, behind only Nokia and Samsung. Stating that deferred iPhone revenue has grown to $5.8 billion dollars, or 39% of Apple’s total revenue, Jobs said it was “too big to ignore,” while outlining the company’s reporting of non-GAAP financial results to help investors get a better sense of Apple’s actual business. Later, when asked about the upcoming year and the possibility of the market being cluttered with iPhone “wannabes,” Jobs said the company has to be the best, without leaving a price umbrella underneath the iPhone. He noted that Apple has a great partner in AT&T, and that both are committed to making the iPhone a great value for customers, while hinting that the “next round” would include either lower prices or new models.
Speaking about the App Store, Jobs said Apple has changed the value proposition for mobile devices. He said the Store will see its 200 millionth download tomorrow, now offers over 5,550 applications, and is available in 62 countries around the world. The rate of new submissions increases every week. “We’ve never seen anything like this in our careers,” Jobs said. He also said that customers are now attracted to iPhone not only for its functionality and multi-touch user interface, but also its ability to add free games and applications.
Discussing the economy, Jobs described Apple customers as some of the smartest, most product-aware customers in the market, saying that they are unlikely to abandon the quality and seamless integration of Apple’s products. He went on to say that they are more likely to delay purchases than switch away from the company’s products, and that while Apple may not appeal to every prospective customer, the percentage it needs to appeal to in order to grow its share isn’t that many. Finally, he noted that Apple has almost $25b safely in the bank, and zero debt.
- Apple releases iOS 9.2 beta 4, tvOS 9.1 beta 3
- Conflicting reports over rumored new 4-inch iPhone
- Apple releases iOS 9.2 beta 3 to developers
- Apple patent describes a fingerprint ‘panic mode’
- Apple releases iOS 9.2 beta 2 to developers
- Apple releases first iOS 9.2 beta to developers
- Apple CarPlay included in 2017 Mitsubishi Mirage
- Apple aims to launch Apple Pay in China by February
- MasterCard giving Apple Pay users free trips on London’s public transit system
- Apple wins DRM patent case against ContentGuard
- Apple working on app to diagnose problems with iOS devices?
- Apple Music: Iovine apologizes for remarks about women; Adele won’t stream new album
- Apple expands personal pickup to Apple Stores in the UK
- Apple acknowledges iPad Pro charging problem, doesn’t have fix yet
- App Store rules may limit number of iPad Pro-specific apps
- iFixit tears down the Apple Pencil
- IK Multimedia iRig Pro DUO
- CableJive HeroDock
- Phiaton BT 330 NC Headphones
- Ecoxgear EcoPebble Powerbank + Speaker
- Lunatik Taktik 360 for iPhone 6/6s
- Belkin Charge Dock for Apple Watch + iPhone
- SwitchEasy Aero, N+, Nude, Play for iPhone 6s/iPhone 6s Plus
- Netatmo Welcome Smart Home Camera
- Logitech Create iPad Pro Keyboard Case
- Apple iPad Pro
- Under the Radar: 10 ‘hidden’ details about the new Apple TV
- Instant Expert: Secrets & Features of iOS 9.0
- Under the Radar: A closer look at smaller iPhone 6s and iPhone 6s Plus changes
- A First Look at iOS 9’s Transit in Apple Maps (Updated for watchOS 2)
- Instant Expert: Secrets & Features of iTunes 12.2
- Instant Expert: Secrets & Features of iOS 8.4 + Apple Music
- CE Week 2015: IK Multimedia, Monowear’s Apple Watch bands + More
- Live From CE Week 2015: Brand New iPad, iPhone + Mac Accessories!
- Opinion: The ‘Grand Experiment’ of shifting to Google Photos
- Will removing a credit card from Safari also remove it from Apple Pay?