Shadowing Practice: Tim Cook’s Final Lines from Apple’s Q3 2026 Earnings Call - Learn English Speaking with Video
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Each week on Quarters, we sit with public earnings calls and listen for the human part.
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These calls are long, mostly numbers and caution language, but every once in a while a person leaks through or tries to.
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Sometimes the leak is a catchphrase.
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Sometimes it's a goodbye that almost pretends it isn't one.
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I'm Terry and today, Apple, Tim Cook.
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July 30th, his last earnings call as CEO.
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He opens like a man who still has one more game to win.
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Today, Apple is pleased to report $109.4 billion in revenue, up 16% from a year ago and a June quarter record.
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We were able to achieve this despite supply constraints and sequential foreign exchange headwinds.
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We continue to see enormous customer enthusiasm for our most popular
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lineup ever with iPhone revenue growing 22% from a year ago to reach a June quarter record.
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We saw so much excitement around the best Mac lineup we've ever had, growing a strong 29% to achieve a June quarter revenue record.
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Services also set a June quarter record with $30.7 billion in revenue.
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109.4, best June they've ever had.
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iPhone up 22, Mac up 29, services another record.
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That's a freaking parade of results.
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And after hours, Wall Street looked at the guide.
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Second, we expect the impact from supply constraints to increase significantly sequentially.
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The projected supply constraints in the September quarter affect iPhone, Mac, and iPad.
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As a result, we expect our September quarter total company revenue to grow between 9 and 11 percent year over year.
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Supply constraints, growth cooling to something like 9 to 11 percent and the stock slipped roughly 6-7 percent.
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Throughout all of it, we will remain guided by our North Star,
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building the best products and services to enable people to do magical things.
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It's a special privilege to be part of people's lives in lasting and meaningful ways, helping them to create, connect, and experience the world around them.
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I couldn't be more excited to watch our phenomenal story of innovation continue to unfold.
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And I've never been more confident that the best is yet to come.
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The quick and ugly.
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Revenue $109.4 billion.
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Beat June quarter record.
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EPS $2.02.
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Up pretty hard.
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That includes about 11 cents from tariff refunds.
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Gross margin over 50% with that refund help.
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Installed base, over two and a half billion active devices.
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September guide, revenue growth, 9% to 11%, soft versus what the street wanted.
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Because FX and mostly supply, he wins the quarter.
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And so we've got a quarter that we're going to be scrambling on the supply side, essentially.
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The parts department writes the next sentence.
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That's the episode.
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Okay, so the antagonist isn't nobody wants an iPhone.
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The antagonist is physics and dram.
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He says the quiet part with Tim Cook manners.
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Demand ran hotter than even their high expectations.
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iPhone and Mac remarkably better.
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They're scrambling.
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Memory is a hundred year flood.
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And then if you look beyond September, we see the market pricing for memory continuing to increase,
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which could drive an increasing impact on our business, and we're continuing to evaluate this.
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We could actually end it on the chips.
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We won't.
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Before questions, he does the thing you can't put in a spreadsheet.
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Final earnings call, John will lead these going forward.
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Never been more optimistic.
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Tim is now a man putting his coat on the back of the chair and thanking the room.
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Analysts start the Q&A by saying goodbye back.
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Tim, best of luck.
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It's been a pleasure working with you over the years.
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Tim, congratulations on the extraordinary run.
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Obviously, Tim, I've known you a long time.
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I really miss you.
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Which is weirdly tender for a phone full of people who argue about basis points for a living.
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John Turnus is on the call, hardware guy, takes over September 1st. Somebody finally asks him about the competitive landscape,
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open AI devices, weird phone rumors, the whole circus.
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That's it, that's the incoming CEO on the most historic Apple earnings call in years.
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So much opportunity, focused on our plans, very excited.
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Yes, I think there are enormous opportunities for Apple moving forward in AI.
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And, you know, I'm so excited about Siri AI and kind of where it is and where it's going.
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And I'm excited about the feedback that we're getting there.
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And of course, the ability to run some percentage of requests on device is also very strategic
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and sort of a competitive weapon, if you will.
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If Tim does a novel, then John does a fortune cookie.
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Reiterate what Tim said, there is so much opportunity for us with everything that's happening in this space.
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And so we're just really focused on our plans and very excited about it.
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Quirk of the quarter.
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An analyst points out when Tim joined as CEO in 2011,
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Apple did about $108 billion in revenue for the year.
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Hi, yes.
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Thank you.
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Tim, first, congrats on your tenure as CEO.
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You joined back in 2011 when Apple reported $108 billion in revenue,
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and you just delivered a quarter of $109 billion.
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So just an amazing journey.
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I don't know what to do with that except sit with it.
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Same number, different planet, thing that actually means something, the business plainly.
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Apple's machine still prints desire.
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iPhone cycle hot macbook neo and pro pulling services big even
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if a little shy of the dream capex stays relatively light
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versus the hyperscaler arms race that's been part of the stock story
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and then tim the human ending i'm going to be gentle
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here this isn't the zuck episode tim cook does not sound
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on this call like a man performing certainty he doesn't feel
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he sounds like a man who already decided the hand off is the point
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and use the last microphone of the job to bless the next guy
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and thank the weird little congregation of shareholders
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and analysts who show up every 90 days to be honest
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tim kind of sounded like the principal at graduation proud careful
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already halfway down the hallway as you know this will be my final earnings call
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and john will lead these calls going forward the transition is going seamlessly
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and I am beyond excited for John to step into his new role and lead Apple into its next era.
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He is truly one of a kind and there is no better person to take the helm of the company.
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As I've said, I couldn't be more confident in his leadership, in our executive team,
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and in the extraordinary people at Apple who are determined to enrich the lives of our users all over the world.
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That's the character this week, not a ticker, a throat saying goodbye without making a scene.
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I'm Terry.
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If you like this, please subscribe to Quarters.
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No stock tips, just the human part.
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See you next print.
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אוצר מילים והערות הגייה לשיעור הזה
שיעור הדיבור הזה ברמה C1 מבוסס על הסרטון “Tim Cook’s Final Lines from Apple’s Q3 2026 Earnings Call”. המילים שחוזרות הכי הרבה: tim, quarter, revenue, Apple, billion. בסרטון הזה יש 107 משפטים ו-1130 מילים לתרגול Shadowing. הדיבור נמשך 8:06. הדובר שומר על קצב יציב של כ-140 מילים בדקה, קצב נוח לתרגול Shadowing. רק 81% מהמילים נמצאות בין 3,000 המילים הנפוצות ביותר באנגלית, כך שאוצר המילים מאתגר.
אוצר מילים מרכזי בסרטון הזה
15 המילים המתקדמות ביותר בסרטון, עם ההגייה והמשמעות שלהן:
| מילה | הגייה | משמעות |
|---|---|---|
| scramble פועל | /ˈskɹæmbl̩/ | טָרַף |
| refund שם עצם | /ɹɪˈfʌnd/ | הֶחְזֵר |
| leak שם עצם | /liːk/ | נְזִילָה |
| headwind פועל | /ˈhɛdˌwɪnd/ | רוּחַ פָּנִים, רוּחַ נֶגְדִית |
| tariff שם עצם | /ˈtæɹəf/ | תעריף |
| shareholder שם עצם | /ˈʃɛəˌhəʊl.də(ɹ)/ | בַּעַל מְנָיוֹת |
| helm שם עצם | /hɛlm/ | גַּלְגַל הֶגֶה, הֶגֶה |
| microphone שם עצם | /ˈmaɪ.kɹəˌfəʊn/ | מִיקְרוֹפוֹן |
| rumor שם עצם | /ˈɹumɚ/ | שְׁמוּעָה |
| certainty שם עצם | /ˈsɝtn̩ti/ | וַדָּאוּת |
| optimistic שם תואר | /ˌɒptɪˈmɪstɪk/ | אוֹפְּטִימִי |
| tenure שם עצם | /ˈtɛn.jʊə/ | קביעות |
| circus שם עצם | /ˈsɜːkəs/ | קִרְקָס |
| subscribe פועל | /səbˈskɹaɪb/ | נִמְנָה |
| enthusiasm שם עצם | /ɪnˈθuziæzəm/ | הִתְלַהֲבוּת, הִתְפַּעֲלוּת |
דקדוק בסרטון הזה
המבנים שהדובר משתמש בהם הכי הרבה, עם המילים המדויקות מהסרטון:
| מבנה | בסרטון |
|---|---|
| הווה מושלם (Present perfect) have/has + past participle — פעולה שקרתה בעבר ועדיין יש לה חשיבות או השפעה עכשיו | we've ever had · they've ever had · I've never been |
| משפטי זיקה (Relative clauses) who / which + clause — מידע נוסף על אדם או דבר | man who still · people who argue · man who already |
הגייה ששווה לשים לב אליה
הדובר משתמש ב-25 קיצורים וצורות מקוצרות, כמו I'm, we're, I've. אמרו אותם בצורה הקצרה, כפי שאתם שומעים אותם.
- הצלילים של “sh” ו-“zh”: spreadsheet /ˈspɹɛd.ʃit/, shareholder /ˈʃɛəˌhəʊl.də(ɹ)/, congregation /ˌkɑŋɡɹəˈɡeɪʃən/, caution /ˈkɔːʃ(ə)n/, expectation /ˌɛk.spɛkˈteɪ.ʃən/
- מילים ארוכות — שימו לב להטעמה: antagonist /ænˈtæɡənɪst/, reiterate /ɹiːˈɪt.ə.ɹeɪt/, sequentially /səˈkwɛntʃəli/, phenomenal /fɪˈnɒmɪnəl/, remarkably /ɹɪˈmɑɹkəbli/
צלילים שדוברי עברית מתקשים בהם:
- /w/ — שפתיים מעוגלות, לא /v/: headwind /ˈhɛdˌwɪnd/, sequential /səˈkwɛntʃəl/, sequentially /səˈkwɛntʃəli/, weirdly /ˈwɪə(ɹ)dli/, hallway /ˈhɔlˌweɪ/
- /æ/ — פתוח יותר מה-“אֶ” העברית, לא כמו “a” ב-“cup”: analyst /ˈænəlɪst/, antagonist /ænˈtæɡənɪst/, scramble /ˈskɹæmbl̩/, tariff /ˈtæɹəf/, enthusiasm /ɪnˈθuziæzəm/
- /r/ — הלשון לא נוגעת בשום מקום, לא ה-“ר” הגרונית: constraint /kənˈstɹeɪnt/, scramble /ˈskɹæmbl̩/, refund /ɹɪˈfʌnd/, enrich /ɪnˈɹɪt͡ʃ/, reiterate /ɹiːˈɪt.ə.ɹeɪt/
איך לתרגל עם הסרטון הזה
- הקשיבו לכל הסרטון פעם אחת בלי לדבר, ורשמו את המילים שאתם לא מכירים.
- תרגלו Shadowing משפט אחר משפט במהירות רגילה, וחזרו על כל משפט עד שהקצב שלכם תואם את הדובר.
- הקליטו את עצמכם והשוו למקור, תוך תשומת לב למילים כמו scramble, refund, leak.
מהי טכניקת השאדואינג?
שאדואינג היא טכניקת למידת שפה מבוססת מדע שפותחה במקור להכשרת מתורגמנים מקצועיים ופופולרית על ידי הפוליגלוט ד"ר אלכסנדר ארגואלס. השיטה פשוטה אך עוצמתית: אתה מקשיב לאודיו באנגלית ילידית וחוזר עליו בקול רם מיד — כמו צל העוקב אחרי הדובר עם עיכוב של 1–2 שניות בלבד. בניגוד להאזנה פסיבית או תרגילי דקדוק, שאדואינג מכריח את המוח והשרירים בפה לעבד ולשחזר דפוסי דיבור אמיתיים בו זמנית. מחקרים מראים שזה משפר משמעותית את דיוק ההגייה, האינטונציה, הקצב, הדיבור המחובר, הבנת השמיעה ושטף הדיבור — מה שהופך אותו לאחת השיטות היעילות ביותר להכנה לIELTS Speaking ולתקשורת באנגלית בעולם האמיתי.