Fun notes from Apple’s quarterly earnings call
https://marco.org/2008/10/21/fun-notes-from-apples-quarterly-earnings-call
- Apple has surpassed its goal of selling 10 million iPhones in 2008, selling 6.9 million last quarter.
- iPhones outsold BlackBerries last quarter.
- Steve Jobs called “netbooks” (those $300-500 tiny subnotebooks such as the ASUS Eee PC) a “nascent category” that isn’t selling many units, and indicated that Apple has no interest in competing directly at this time, although he believes that the iPhone competes somewhat. He said that Apple has “some interesting ideas” if the category becomes worthwhile to enter. But later in the call: “We don’t know how to make a $500 computer that’s not a piece of junk, and our DNA will not let us ship that.”
- Steve Jobs on the Apple TV: “I think the whole category is still a hobby right now, I don’t think anyone has succeeded at it… I continue to believe that it will be a hobby in 2009.”
This is the first time I’ve actually listened to the call. It’s interesting. And the after-hours stock is up 11%.