Not much there, there, just temporary calibration. Met its own guidance from January. It was known.
But, here's what happened and will happen.
Notes of interest from Apple's Q2 2016 conference call
http://appleinsider.com/articles/16/04/26/notes-of-interest-from-apples-q2-2016-conference-call
Calling it a "busy and challenging quarter," Apple Chief Executive Tim Cook gave commentary and fielded questions on his company's fiscal 2016 second quarter. Notes of interest from the call with investors and the media follow.
In addition to Cook, also participating in Tuesday's call was Chief Financial Officer Luca Maestri.
Highlights
Cook said the iPhone business remains healthy, with higher upgrades than the iPhone 5s cycle
Apple expects to see its best iPad revenue compares in over two years in the current June quarter
"Our product pipeline has many innovations in store," Cook said
Apple made 15 acquisitions in the last four quarters
Apple's $250 billion capital return program will run through the end of March of 2018
Apple's iPhone business
iPhone customers are incredibly loyal, Cook said, noting that studies show the highest retention level of any smartphone.
Apple added more switchers from Android in the first half of this fiscal year than any other six-month period ever.
iPhone sales were up 56 percent year over year in India.
iPhone SE was not reflected in March quarter results, but Cook said so far it's seen "terrific customer response."
Maestri revealed that 78% of businesses planning to purchase smartphones in the June quarter will chose iPhone, according to a new survey.
Apple's Services business
Services was the second-highest earner for Apple last quarter, up 20 percent to $6 billion.
App Store and Apple Music revenue continues to grow. App Store was up 35% to a new all-time high.
Music revenue has "hit an inflection point after many quarters of decline," Cook said.
He said Apple's 1 billion active devices in use continue to bring in recurring revenue.
Apple Pay is said to be adding 1 million new users per week.
Apple's Mac business
More than half of Mac buyers are new to the platform. In China, more than 80 percent were new.
Apple Watch
Apple expects the Watch to have seasonality similar to the iPod. Sales last quarter met Apple's expectations.
Unit sales of Apple Watch in its first year exceeded iPhone in its first year in 2007.
Cook said the Apple Watch has "an exciting future ahead."
Apple's iPad business
Cook touted the launch of the new 9.7-inch iPad Pro, and noted that Apple expects to see its best iPad revenue compares in over two years.
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