Reading Between the Lines of Apple’s 4Q24 Earnings Q&A With Analysts
Hello everyone. We will return to reviewing Apple’s 4Q24 earnings.
Here’s what we have discussed so far:
Last Friday: Big picture thoughts / comparing Apple’s results to my expectations.
Monday: Focus on revenue growth.
Tuesday: Focus on Apple Services.
Thursday: Examine Apple’s earnings call with analysts
After today’s update, our Apple earnings review will be nearly complete.
Reading Between the Lines of Apple’s 4Q24 Earnings Q&A With Analysts
After recapping each question-and-answer exchange that occurred on the call between Apple and sell-side analysts, we will go over my response to the exchange. Let’s go beyond what was talked about on the call with the 12th installment of reading between the lines of Apple's earnings Q&A with analysts.
NOTE: The following earnings call questions (“Q (Sell-Side Firm)”) and answers (“Cook” or “Luca”) have been cut, summarized, paraphrased, and rearranged for clarity. To read the full question and answer exchanges, Motley Fool offers a written transcript here.
Apple Intelligence
Q (Goldman Sachs): What Apple Intelligence feedback have you received from users and developers? Is Apple Intelligence driving iPhone sales?
Cook: There is interest for Apple Intelligence. In the first three days, 18.1 adoption is twice as fast as 17.1 adoption last year. There is going to be a “very strong” drumbeat to launches and releases from now into 2025.
My response: Out of 18 analyst questions asked on Apple’s 4Q24 call, seven (40%) had to do with Apple Intelligence. On one level, the interest is understandable as Apple has been talking up Apple Intelligence since it was unveiled in June.
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