• Tim Cook: 1.8 billion devices in active use
• Tim Cook: Supply constraints in the holiday quarter were worse than in the previous quarter
• Tim Cook: App Store is an «economic miracle» with $260 billion paid out. 2021 was a new record for dev earnings
• Half of iPad purchasers new to the product
• Apple Watch saw about 2/3 of customers purchasing in the quarter new to the product
• Paid subscriptions grew to more than 785 million in total, up 165 million in the last 12 months
• $14.4 billion spent in the quarter on 93 million Apple shares, with 30 million shares retired (16 billions of them)
• Apple earned 10% more in the holiday quarter than it did in the entirety of 2011 — MO

Question and answer time!

Cook never said the word Metaverse -MW

• Daryanani: How does Apple decide on what to put R&D funding on?
• Cook: We look at things that are at the intersection of hardware, software, and services.

AAPL is at $167.30 at the end of the call

Closing audio was punctuated by laughter. -MW