Key takeaways from Apple’s earnings call Aug.3.
Sales of iPads suffered during the quarter, falling 20% year over year.
Apple’s hardware sales were less robust overall.
Sales of iPhones fell 2% to $39.67 billion, but Apple said that it saw a high number of “switchers,” or people who have moved from an Android device to an iPhone, especially outside the US.
“The smartphone industry is tough in the U.S. right now,” Cook told CNBC’s Steve Kovach.
Macs’ revenue fell 7% year over year, CEO Tim Cook said he wasn’t going to predict a bottom for the laptop market, but that Apple was pleased that the decline wasn’t larger.
The only line of hardware to grow was Apple’s other products division, called “Wearables.” This includes sales from Apple Watches, headphones from Beats, speakers, chargers, cables, spare parts, and other accessories. It grew 2% year over year.