쉐도잉 연습: Tim Cook’s Final Lines from Apple’s Q3 2026 Earnings Call - 영상으로 영어 말하기 배우기
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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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실생활 시나리오: 기업 실적 발표회의 대화
이 비디오는 애플의 Q3 2026 실적 발표회에서 팀 쿡이 전하는 마지막 발언을 담고 있습니다. 기업 실적 발표는 숫자와 전문 용어가 많지만, 이를 통해 비즈니스 영어의 실제 사용법과 공손하면서도 확신 있는 말투를 배울 수 있습니다. 특히 "수익", "공급 제약", "성장률" 등의 키워드는 경제 관련 대화에서 자주 등장하므로, 유튜브 영어 공부에 매우 유용한 자료입니다.
외우면 유용한 구문과 어휘 조합
- "supply constraints": 공급 제약. "Despite supply constraints" (공급 제약에도 불구하고)와 같이 사용해, 어려움을 극복한 성과를 강조할 때 유용합니다.
- "revenue growth": 수익 성장. "revenue growth between 9 and 11 percent" (9~11%의 수익 성장)과 같이 구체적인 수치와 결합해 사용됩니다.
- "North Star": 북극성(핵심 원칙). "guided by our North Star" (우리의 핵심 원칙에 따라)로, 기업의 가치관을 표현할 때 자주 쓰입니다.
- "installed base": 설치 기반. "over two and a half billion active devices" (25억 대 이상의 활성 기기)와 함께, 기업의 시장 점유율을 설명할 때 필요한 용어입니다.
- "beat June quarter record": 6월 분기 기록을 갱신하다. 실적 발표에서 성과를 강조할 때 필수적인 구문입니다.
당신의 샤도잉 챌린지: 발음과 리듬 익히기
샤도잉(shadow speak)은 영어 발음 교정과 말하기 속도를 향상시키는 효과적인 방법입니다. 이번 챌린지에서는 팀 쿡의 발언 중 "Throughout all of it, we will remain guided by our North Star..." 부분을 선택해 연습하세요. 다음 단계를 따라 하세요:
- 비디오를 0.75배 속도로 재생하며, 발음과 강세를 주의깊게 듣습니다.
- 1초 뒤에 따라 말하며, 리듬과 톤을 최대한 비슷하게 맞춥니다.
- 5회 반복한 후, 원래 속도로挑戰해보세요. IELTS 스피킹 준비에도 도움이 될 것입니다.
이 연습을 통해 비즈니스 영어의 공식적인 말투와 자연스러운 흐름을 익힐 수 있습니다. shadowspeaks 방법을 꾸준히 실천하면, 영어 발표나 회의에서 자신감을 갖고 말할 수 있게 될 것입니다.
이 영상의 문법
화자가 가장 많이 쓰는 문형을 영상 속 실제 표현과 함께 정리했습니다.
| 문형 | 영상 속 표현 |
|---|---|
| 현재완료 have/has + 과거분사 — 과거의 일이 지금도 관련이 있을 때 | we've ever had · they've ever had · I've never been |
| 관계절 who / which + 절 — 사람이나 사물에 대한 추가 정보 | man who still · people who argue · man who already |
쉐도잉이란? 영어 실력을 빠르게 키우는 과학적 방법
쉐도잉(Shadowing)은 원래 전문 통역사 훈련을 위해 개발된 언어 학습 기법으로, 다언어 학자인 Dr. Alexander Arguelles에 의해 대중화된 방법입니다. 핵심 원리는 간단하지만 매우 강력합니다: 원어민의 영어를 들으면서 1~2초의 짧은 지연으로 즉시 소리 내어 따라 말하는 것——마치 '그림자(shadow)'처럼 화자를 따라가는 것입니다. 문법 공부나 수동적인 청취와 달리, 쉐도잉은 뇌와 입 근육이 동시에 실시간으로 영어를 처리하고 재현하도록 훈련합니다. 연구에 따르면 이 방법은 발음 정확도, 억양, 리듬, 연음, 청취력, 말하기 유창성을 크게 향상시킵니다. IELTS 스피킹 준비와 자연스러운 영어 소통을 원하는 분들에게 특히 효과적입니다.