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if you look back over time, there's been a 3-year cadence to iPhone cycles. We're 2 years into your 5G iPhone evolution.
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2022 Q3
31 Jul 22
Wearables, Home and Accessories, as you mentioned and as Luca mentioned, we did see some impact there
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2022 Q3
31 Jul 22
iPhone, there was no obvious evidence of macroeconomic impact during the June quarter besides FX
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2022 Q3
31 Jul 22
FX, which Luca has mentioned, that was over 300 basis points on year-over-year growth rates.
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2022 Q3
31 Jul 22
digital advertising was clearly impacted by the macroeconomic environment.
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2022 Q3
31 Jul 22
Mac and iPad were so gated by supply that we didn't have enough product to test the demand.
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2022 Q3
31 Jul 22
foreign exchange is going to be 130 basis points negative to a year ago.
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2022 Q3
31 Jul 22
Yes, Amit. We're guiding 41.5% to 42.5%. On a sequential basis, the decline is expected to be driven by, as you mentioned, foreign exchange but also mix, which will be partially offset by better leverage.
We expect foreign exchange impact on a sequential basis to be 50 basis points.
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2022 Q3
31 Jul 22
We expect gross margin to be between 41.5% and 42.5%.
We expect OpEx to be between $12.9 billion and $13.1 billion.
We expect OI&E to be around negative [indiscernible] impact from the mark-to-market of minority investments and our tax rate to be around 16%.
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2022 Q3
31 Jul 22
we expect supply constraints to be lower than what we experienced during the June quarter.
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2022 Q3
31 Jul 22
we believe our year-over-year revenue growth will accelerate during the September quarter compared to the June quarter despite approximately 600 basis points of negative year-over-year impact from foreign exchange.
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2022 Q3
31 Jul 22
maintain our target of reaching a net cash neutral position over time.
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2022 Q3
31 Jul 22
net cash was nearly $60 billion at the end of the quarter.
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2022 Q3
31 Jul 22
In the enterprise market, our customers are increasingly investing in Apple products as a strategy to attract and retain talent.
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2022 Q3
31 Jul 22
We now have more than 860 million paid subscriptions across the services on our platform, which is up more than 160 million during the last 12 months alone.
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2022 Q3
31 Jul 22
Services had a June quarter revenue record of $19.6 billion, up 12% despite almost 500 basis points of FX headwinds as well as impacts from our business in Russia and the macroeconomic environment.
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2022 Q3
31 Jul 22
over 2/3 of customers purchasing an Apple Watch during the quarter being new to the product.
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2022 Q3
31 Jul 22
we faced foreign exchange headwinds, different launch timing for
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2022 Q3
31 Jul 22
Home and Accessories products and supply constraints as well as the overall macroeconomic environment.
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2022 Q3
31 Jul 22
nearly half of the customers purchasing a Mac were new to the product.
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2022 Q3
31 Jul 22