Gadgetory

hello and welcome to inside scoop I'm Sumi das joining me ishara Tipton's senior writer for cnet sharra thanks for being with us I'm happy to be here ok so this afternoon you were on a call with tim cook and a few other people right yeah the apple reported earnings and you listened in tell us what the state of Apple is what their financial state is yeah yeah this is kind of an off quarter for Apple you know their newest products came out late last year so it's kind of getting to the end of the cycle for those everyone's looking for the next devices to come out this fall but you know they're reporting iphone sales are still pretty good you know iPad is kind of soft which worries people but in general you know a pretty good quarter so typically or a common occurrence in the past is that you know the numbers have really blown people out of the water so you're saying that didn't happen this timer yeah I mean once Tim Cook took over they kind of changed change that strategy you know Steve Jobs used to give forecasts that they would just like completely obliterate so now they try to kind of be a little more accurate so you can really judge a little better but also there's just a lot of factors going on you know that are that are impacting these results and everybody's looking to next quarter because we're expecting some major announcements right yeah yeah you know towards the end of next quarter which will end in September we're expecting you know one if not two new iPhones you know later on you know new iPads other new devices people are hoping for an iWatch you know when that happens is unclear right but you know everybody is definitely looking for later this year you mentioned the iWatch we know that a patent was filed recently by Apple was there any information that we could glean from that filing yeah I mean it's interesting to see what Apple's doing I think in this one they're looking at doing things like putting the putting a lot more intelligence in the band itself as opposed to in the display so you could like take the display off and the band will still work you know whether they do any of this is something we won't know until they actually announce the product right no companies filed for patents all the time that they end up not actually usually not using yeah so you know we're gonna have to wait and see what we actually get but you know it's interesting to see what they're trying and everybody eagerly awaiting all of that aren't they yeah and tell us a little bit about the call itself I mean most of us haven't listened in on one of these calls before how do they flow Tim Cook gets on the call he answers questions at some point right yeah I mean they're pretty standard with what other companies do so it kind of starts out with tim cook on the call he gives a sort of introduction like this is what's happening at Apple everything's great we're an amazing company blah blah blah um you know the CFO gets on and walks through kind of nitty gritty financials which can get dry sometimes lots of numbers yeah and then they open it up to analyst who can call in and ask questions any notable questions from the analysts you know people were interested in the partnership with IBM you know kind of what that means you know what's happening an ipod ipad sorry because it's been it's been weak for two quarters now so people are trying to understand what's actually happening you know people always ask about new products and you know what the guidance means for things coming out later this year but we never get details about that kind of stuff just told to hold on and wait alright sharra thanks for filling us in on the earnings call it took place today for inside scoop I'm sumida