Apple

Apple (NASDAQ:AAPL)  reported Q3 earnings per diluted share of $1.26, up from $1.20 last year. Analysts surveyed by Capital IQ expected an EPS of $1.19. Revenue for the quarter ended July 1 was $81.80 billion, down from $82.96 billion a year ago. Analysts polled by Capital IQ expected $81.80 billion. The company retained a quarterly dividend of $0.24 a share, payable Aug. 17 to stockholders of record Aug. 14.

Apple, Inc. (NASDAQ:AAPL) Company Management Luca Maestri – CFO & SVP Saori Casey – VP, Finance Timothy Cook – CEO & Director Analysts Aaron Rakers – Wells Fargo Securities Amit Daryanani – Evercore ISI David Vogt – UBS Erik Woodring – Morgan Stanley Harsh Kumar – Piper Sandler & Co. Krish Sankar – TD Cowen Michael Ng – Goldman Sachs Group Shannon Cross – Crédit Suisse Sidney Ho – Deutsche Bank Wamsi Mohan – Bank of America Merrill Lynch Operator We will go ahead and take our first question from Shannon Cross with Credit Suisse. Shannon Cross Tim, you mentioned — and actually, Luca, too. You mentioned an uneven macro environment during the quarter several times on the call. I’m wondering if you can talk on a geographic basis about some of the trends you’re seeing in iPhone. I’m specifically wondering how demand is trending within… Luca Maestri Okay. Well,