My notes: Numbers: - Q Rev. $51.5B to $53.5B, Est. $51.4B - Q2 2018 revenue of $61 billion, equaling analyst's estimates. That's 16 percent growth from a ye

My notes: Numbers: - Q Rev. $51.5B to $53.5B, Est. $51.4B - Q2 2018 revenue of $61 billion, equaling analyst's estimates. That's 16 percent growth from a year ago. It's the fastest year over year expansion since 2015 - Apple sold 52 million iPhones in the second quarter, compared to 50.1 million units in the year-ago quarter. This represents year-over-year 3 percent unit growth and 14 revenue growth - services revenue up 31 percent from a year ago and 8 percent from the preceding three months. - Quarter over quarter, iPhone sales fell 32 percent in terms of units and 38 percent in terms of revenue. The average selling price was $728 per phone compared with an average estimate of $740. - The iPad made gains from a year ago. Apple sold 2 percent more in the second quarter from a year ago with a 6 percent revenue gain. It sold fewer Mac computers compared with a year ago and revenue was flat. - other revenue, watch, pay, tv, etc Revenue was up 38 percent from a year ago. - Cash at end of 2Q $267.2 billion vs $285.1 billion q/q - est. 3Q operating expenses $7.7 billion to $7.8 billion - est. 3Q tax rate about 14.5% Commentary: - apple store now has 270 million paying subscribers - that's 100 million more than a year ago. - - In a note to investors, Morgan Stanley said it expects Apple to hike its capital return program by $150 billion to a total of $450 billion in returns by 2020. This would be up from the $300 billion program announced last year, which was expected to run through March-2019. Apple is also expected to up its quarterly dividend to 0.945 cents per share, up from the current 63 cents, according to Morgan Stanley. - Apple was the largest non-financial issuer of U.S. investment-grade bonds last year. and from Jon Elichman this was intersting Number of iPhones sold in Q2: Q2 2018: 52.2 million Q2 2017: 50.8 million Q2 2016: 51.2 million Q2 2015: 61.2 million Q2 2014: 43.7 million Q2 2013: 37.4 million Q2 2012: 35.1 million Q2 2011: 18.6 million Q2 2010: 8.8 million Q2 2009: 3.8 million Q2 2008: 1.7 million