苹果(AAPL) 2024 年第一季度财报电话会议记录

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$Apple Inc.(AAPL)$


Apple Inc. (NASDAQ:AAPL) Q1 2024 Earnings Conference Call February 1, 2024 5:00 PM ET

Company Participants

Suhasini Chandramouli - Director of Investor Relations

Tim Cook - CEO

Luca Maestri - CFO

Conference Call Participants

Erik Woodring - Morgan Stanley

Mike Ng - Goldman Sachs Group

Wamsi Mohan - Bank of America

Amit Daryanani - Evercore ISI

Aaron Rakers - Wells Fargo Securities

Krish Sankar - TD Cowen

David Vogt - UBS

Ben Reitzes - Melius Research


Good day, and welcome to the Apple Q1 Fiscal Year 2024 Earnings Conference Call. Today's call is being recorded. At this time, for opening remarks and introductions. I would like to turn the call over to Suhasini Chandramouli, Director of Investor Relations. Please go ahead.

Suhasini Chandramouli

Thank you for joining us. Speaking first today is Apple's CEO, Tim Cook; and he'll be followed by CFO, Luca Maestri. After that, we'll open the call to questions from analysts.

Before turning the call over to Tim, I would like to remind everyone that the quarter we're reporting today included 13 weeks, whereas the quarter we reported a year ago included 14 weeks.

Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expenses, other income and expense, taxes, capital allocation and future business outlook, including the potential impact of macroeconomic conditions on the company's business and results of operations. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. For more information, please refer to the risk factors discussed in Apple's most recently filed annual report on Form 10-K and the form 8-K filed with the SEC today along with the associated press release. Apple assumes no obligation to update any forward-looking statements, which speak only as of the date they are made.

I'd now like to turn the call over to Tim for introductory remarks.

Tim Cook

Thank you. Suhasini. Good afternoon, everyone, and thanks for joining the call. Today, Apple is reporting revenue of $119.6 billion for the December quarter, up 2% from a year ago despite having one less week in the quarter. EPS was $2.18, up 16% from a year ago and an all-time record.

We achieved revenue records across more than two dozen countries and regions including all-time records in Europe and rest of Asia-Pacific. We also continue to see strong double-digit growth in many emerging markets with all-time records in Malaysia, Mexico, The Philippines, Poland, and Turkey, as well as December quarter records in India, Indonesia, Saudi Arabia, and Chile.

In Services, we set an all-time revenue record with paid subscriptions growing double-digits year-over-year. And I'm pleased to announce today that we have set a new record for our installed base, which has now surpassed 2.2 billion active devices. We are announcing these results on the eve of what is sure to be a historic day as we enter the era of spatial computing.

Starting tomorrow, Apple Vision Pro, the most advanced personal electronics device ever, will be available in Apple stores for customers in the U.S. with expansion to other countries later this year. Apple Vision Pro is a revolutionary device built on decades of Apple innovation and it's years ahead of anything else. Apple Vision Pro has a groundbreaking new input system and thousands of innovations, and it will unlock incredible experiences for users and developers that are simply not possible on any other device.

There is already so much excitement behind this product from reviewers, customers, and developers. They are praising everything from the incredible experience of watching a movie on a 100-foot screen to remarkable new machine learning capabilities like hand tracking and room mapping. We can't wait for people to experience the magic for themselves.

Moments like these are what we live for at Apple. They're why we do what we do. They're why we're so unflinchingly dedicated to groundbreaking innovation and why we're so focused on pushing technology to its limits as we work to enrich the lives of our users. As we look ahead, we will continue to invest in these and other technologies that will shape the future. That includes artificial intelligence where we continue to spend a tremendous amount of time and effort, and we're excited to share the details of our ongoing work in that space later this year.

Now, let's turn to the results for the December quarter, beginning with iPhone. We are proud to report that revenue came in at $69.7 billion, 6% higher than a year ago. The iPhone 15 lineup has earned glowing reviews and been embraced by customers. The iPhone 15 and iPhone 15 Plus feature a gorgeous new design with color-infused back glass and contoured edges, Dynamic Island, A16 Bionic, and a new 48 megapixel camera system. And the iPhone 15 Pro and iPhone 15 Pro Max set the gold standard for smartphones with a beautiful and lighter titanium design, industry-leading performance with A17 Pro and our most advanced camera system with the equivalent of seven pro lenses and the ability to record spatial video. Features like Emergency SoS and roadside assistance via satellite bring peace of mind to users when they travel, and I'm grateful for every note I've received about their lifesaving impact.

Turning to Mac. Revenue came in at $7.8 billion, up 1% year-over-year, driven by the strength of our latest M3-powered MacBook Pro models in spite of having one less week of sales. Just last week, we got to wish Mac a happy 40th birthday. When it was introduced 40 years ago, Mac changed everything, and through the years, it has done so again and again. Recently, we have been on a tremendous pace of innovation. Since the introduction of Apple silicon in 2020, we've been proud to offer our users unmatched performance and power along with a remarkable Neural Engine for artificial intelligence and machine learning.

This past fall, we had an amazing launch of the latest generation of Apple silicon for Mac, M3, M3 Pro, and M3 Max. These chips break new ground in power and performance empowering users to do more than they ever could before, whether they're making a musical masterpiece using the latest features in Logic Pro, or beating their high score in a graphics intensive game. A favorite amongst students, business owners, artists, and video editors, our MacBook Pro lineup is the world's best pro notebook family. And iMac, the world's most capable and best-selling all-in one, is now faster than ever, thanks to M3.

In iPad, revenue for the December quarter was $7 billion, down 25% year-over-year due to a difficult compare with the launch of the M2 iPad Pro and the 10th generation iPad during the December quarter last year and one less week of sales. iPad remains the most versatile, capable, and elegant tablet on the market today. It continues to be the go-to-device for students, creators, and more with customers loving iPad's incredible combination of portability and performance. Powerful apps like Final Cut Pro and Logic Pro for iPad allow video and music creators to unleash their creativity in new ways that are only possible on iPad. iPad continues to push the boundaries of what's possible on a tablet.

In Wearables, Home and Accessories, revenue came in at $12 billion, down 11% from a year ago due to a difficult compare with the launch timing of several products in this category and the impact of the 14th week last year. Across our latest Apple Watch lineup, we're enabling and encouraging our users to live a healthier day, while making Apple Watch even more intuitive to use.

The new double tap gesture on Apple Watch Series 9 and Apple Watch Ultra 2 make it easier to answer calls, play and pause music or take a photo with iPhone. I've been deeply moved by the many touching stories about how features like a regular rhythm notification and fall detection helped Apple Watch users when they needed it most. And for the first time ever, users can choose a carbon-neutral option of any new Apple Watch. Meanwhile, our AirPods lineup continue to be a holiday favorite.

In Services, we set an all-time revenue record of $23.1 billion and an 11% year-over-year increase. Because we had one less week this quarter, this growth represents an acceleration from the September quarter, and we achieved all-time revenue records across advertising, cloud services, payment services and video, as well as December quarter records in App Store and AppleCare. Across our services, we're constantly growing our offerings to give users even more to love.

With the redesigned Apple TV app, we've made it easier for subscribers to enjoy all their favorite shows, movies and sports, including Apple TV+ hits like Masters of the Air, Monarch, and Slow Horses. We're proud to be a part of Martin Scorsese's Killers of the Flower Moon, a film that has moved audiences and earned more than 200 accolades including Best Film of the Year from the New York Film Critics Circle, nine BAFTA nominations, a Golden Globe win, and 10 Oscar nominations, including Best Picture. Across all Apple TV+ productions, we've now earned 2050 award nominations and 450 wins since we've introduced the service.

Apple Inc. (NASDAQ:AAPL) Q1 2024 Earnings Conference Call February 1, 2024 5:00 PM ET

Company Participants

Suhasini Chandramouli - 投资者关系总监

蒂姆・库克 - 首席执行官

Luca Maestri - 首席财务官

Conference Call Participants

Erik Woodring - 摩根士丹利

Mike Ng - 高盛集团

Wamsi Mohan - 美国银行

Amit Daryanani - Evercore ISI

亚伦·雷克斯 - 富国银行证券

Krish Sankar - TD Cowen

David Vogt - 瑞银UBS

Ben Reitzes - Melius Research 本·赖茨斯 - 梅里乌斯研究


您好,欢迎参加苹果2024财年第一季度收益电话会议。今天的通话正在录音。现在,让我们转交给投资者关系总监Suhasini Chandramouli先生发表开场致辞和介绍。请开始。

Suhasini Chandramouli





Tim Cook




从明天开始,Apple Vision Pro将在美国的Apple商店供客户购买,稍后今年将向其他国家扩展。Apple Vision Pro是有史以来最先进的个人电子设备,它是建立在苹果数十年的创新之上,并领先于其他任何产品数年。Apple Vision Pro拥有划时代的全新输入系统和成千上万的创新,它会为用户和开发者带来令人难以置信的体验,这些体验在任何其他设备上都是不可能的。

这个产品已经在评论者、顾客和开发人员中引起了很大的兴奋。 他们赞扬从在100英尺的屏幕上观看电影的 incredible 体验到像手部跟踪和房间映射这样的令人惊叹的新的机器学习功能。 我们迫不及待希望人们亲自体验这种魔法。

这样的时刻是我们在 Apple 生活的意义所在。这就是我们为什么做我们所做的事情。这就是我们如此不屈不挠地致力于开创性创新,以及为什么我们如此专注于推动技术发展到极限,以丰富我们用户的生活。展望未来,我们将继续投资于这些以及其他将塑造未来的技术。这包括我们在人工智能领域的投入,我们将继续在这一领域投入大量时间和精力,并且我们很高兴能在今年晚些时候分享我们在这一领域正在进行的工作细节。

现在,让我们转向12月季度的业绩,首先是iPhone。我们很自豪地宣布,营收达到了697亿美元,比一年前增长了6%。iPhone 15系列赢得了高度赞扬,受到了顾客的欢迎。iPhone 15和iPhone 15 Plus采用了崭新的设计,配备了有色玻璃和造型边缘,Dynamic Island,A16仿生芯片以及全新的4800万像素摄像系统。而iPhone 15 Pro和iPhone 15 Pro Max则制定了智能手机的黄金标准,拥有美观轻巧的钛金设计、A17 Pro的业内领先性能以及相当于七个专业镜头的最先进的相机系统以及记录空间视频的能力。诸如紧急SOS和通过卫星提供的路边救援等功能,使用户在旅行时更加安心,对他们在使用时带来的实质性影响,我深表感激。

其营收为 78 亿美元,同比增长 1%,主要由于我们最新的 M3 芯片 MacBook Pro 型号的强大表现所带来。尽管销售周期短了一个星期,但我们依然实现了增长。就在上周,我们庆祝了 Mac 40 岁生日。40 年前,Mac 的推出改变了一切,多年来它一再创新。最近,我们的创新速度非常迅猛。自从 2020 年引入苹果芯片以来,我们引以自豪地为用户提供卓越的性能和动力,还配备了强大的神经引擎,用于人工智能和机器学习。

在过去的秋季,我们为 Mac 推出了最新一代的苹果芯片 M3、M3 Pro 和 M3 Max,取得了令人惊叹的成功。这些芯片在功耗和性能上开辟了新的领域,让用户能够做比以往更多的事情,无论是利用 Logic Pro 的最新功能创作音乐杰作,还是在图形密集型游戏中刷新自己的最高分。作为学生、企业主、艺术家和视频编辑人员的首选,我们的 MacBook Pro 系列是世界上最出色的专业笔记本电脑系列。而 iMac,作为世界上功能最强大且最畅销的一体机,如今因为 M3 而比以往更快。

在iPad上,12月季度的收入为70亿美元,同比下降25%,这是由于很难与去年12月季度推出的M2 iPad Pro和第十代iPad进行比较,以及完成一周的销售少了一周。iPad仍然是当今市场上最多才多艺、功能强大和优雅的平板电脑。它继续是学生、创作者等人的必备设备,顾客们喜爱iPad不可思议的轻便和性能完美结合。Powerful应用程序,如Final Cut Pro和Logic Pro for iPad,允许视频和音乐创作者以全新方式释放创造力,这些只有在iPad上才有可能。iPad继续推动平板电脑的可能性边界。

在可穿戴设备、家居和配件方面,收入为120亿美元,比一年前减少了11%,这是因为与去年同期发布的多款产品时间差,以及去年第14周的影响作了比较。在我们最新的 Apple Watch 系列中,我们正在使用户更加健康,并鼓励他们过上更健康的生活,并且让 Apple Watch 更加直观易用。

Apple Watch Series 9和Apple Watch Ultra 2上的新的双击手势使得接听电话、播放和暂停音乐,或者使用iPhone拍照更加方便。我深受许多感人故事的感动,这些故事讲述了像规律心率通知和跌倒检测这样的功能是如何帮助Apple Watch用户度过了最需要帮助的时刻。而且,用户还可以首次选择任何新的Apple Watch的碳中和选项。同时,我们的AirPods系列产品继续成为节日最受欢迎的产品。


借助重新设计的Apple TV 应用程序,我们为订阅者更容易地享受他们所有喜爱的节目、电影和体育节目,包括《天才大冲锋》、《君王》和《慢马之队》等Apple TV+ 热门剧集。我们为能参与马丁·斯科塞斯的《花月杀手》而感到自豪,这部电影感动了观众,获得了200多项赞誉,包括纽约影评协会年度最佳影片奖、9项英国电影学院奖提名、1项金球奖和10项奥斯卡奖提名,其中包括最佳影片奖。在所有Apple TV+制作中,自服务推出以来,我们已经获得了2050项提名和450项奖项。