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3. What's up with Apple's business in China?
Apple's sales in Greater China, including Hong Kong and Taiwan, dropped 14 percent year-over-year and 43 percent compared to last quarter.
The decline was unexpected, so Apple's Cook tried to focus on the positives.
Apple continues to attract tons of developers in China, said Cook, who estimated that 500,000 developers in China are now building iOS apps, up 70 percent from this time last year.
Apple is also planning to double its number of retail stores in China in the next couple of years.
"China is a huge opportunity for Apple," Cook said. "I don't get discouraged over [the results of] a 90-day cycle."
But despite long running rumors, Apple hasn't yet landed the biggest fish of all: China Mobile, with its more than 735 million subscribers.
4. Why are Russian carriers dumping iPhone?
Several Russian carriers have either stopped selling the iPhone or have decided not to renew their contracts in the past year, reportedly because they're unhappy with Apple's conditions.
Cook downplayed the notion of Russian carriers staging a mass revolt against Apple, however.
In the Russian market, some 80 percent of smartphones are sold at retail, outside carrier stores, he said.
"In fact, our activations for iPhones in Russia set a record last quarter," Cook said on the call, characterizing Apple as being "happy" with how this is turning out.
While Apple does sell iPhones through carrier stores in Russia, it sells more iPhones through its resellers in that country, according to Cook.
"We are continually looking for other relationships, and to enhance the ones we've got," Cook said.
5. Why is the average sales price (ASP) of iPhone dropping?
The iPhone's average sales price (ASP) was $581 per unit in Apple's third quarter, compared to $614 in the second quarter and $641 in the first quarter.
That's a concern for investors, and Cook was asked to comment on the trend during the Q&A.
Cook basically said this is happening because the iPhone 4 is such a good product.
"We saw significant growth in the lower price point [iPhone 4] year-over-year," Cook said. "That was one of the things that allowed us to significantly beat expectations for iPhone sales."