Live for the NASDAQ market site overlooking New York City's Times Square.

This is Fast Money.

I'm Melissa Lear.

Traders on the desk are Tim Seymour, Chris Vironerman, and Guy Dami.

We kick things off with an earnings alert on Apple.

The final thanks such report moving in a big way after hours.

The company's conference call is just getting underway.

We've got full team coverage.

Fast money friend, Gene Munster, as many of the red iPhone, as a call kicks off and our own Josh Lipton

has a takeaways from Apple's big quarter Josh.

So a few few things we want to get into as this call kicks off.

One is obviously going to be iPhone revenue.

It's 26 billion dollars basically in line with what the street was looking for.

That is down 12%, but that's an improvement from Q2.

Remember that was down 17%.

I had the chance to catch up with CEO Tim Cook.

I asked him what kind of impact the trade-in program was having there.

Remember one big role here for the iPhone franchise why it is facing challenges.

The replacement cycle is getting longer.

I asked Cook, is the training program impacting that at all.

He said it was, it was a key reason for the sequential improvement

services will obviously be in focused 11.5 billion dollars up 13% though

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