starts by talking about how foreign exchange headwinds hit the company so hard, that it impacted the company's y/y growth. He also repeats that the iPhone 14 Pro and Pro Max were supply constrained through most of the quarter.
He also notes that the y/y compare with MacBook Pro, which launched in the holidays last year, had pent up demand from the M1 launch. "We remain confident in and focused on the long term opportunity for Mac."
Cook points to 2B active devices in its install base, "double what it was just seven years ago." He calls it an "incredible testament to our products and services, and the strength of our ecosystem."
After being asked about manufacturing challenges, Cook says the company is looking to "optimize it over time." He also notes that the company's had "a very resilient supply chain in the aggregate in terms of supply."
He says Apple is now "in decent supply" for most products
Cook says that while the company "declined 7% on a reported basis" but grew on a constant currency basis. He notes that COVID restrictions changed during the holiday shopping season, and that the company saw "a marked change in traffic in our stores" in Dec vs Nov
(btw, today is an excellent day for internet speeds to be a little wonky. Always enjoy when super expensive internet chooses the exact right times to hiccup.)
