18 Key Takeaways From Apple's First Earnings Call of 2019

Apple yesterday reported its earnings results for the first quarter of the 2019 fiscal year. Apple's CEO Tim Cook and CFO Luca Maestri then went on a conference call with analysts to discuss the results. Key takeaways are below.

apple logo brooklyn 2

  • Revenue of $84.3 billion. For financial details, see our earnings report coverage.

  • 1.4 billion active devices at end of quarter.

  • Apple Music now has over 50 million paying subscribers.

  • App Store set single-day spending record: over $322 million on New Year's Day.

  • 1.8 billion Apple Pay transactions in quarter, more than 2x vs. year-ago quarter.

  • Target, Taco Bell, and Jack in the Box stores in U.S. will accept ‌Apple Pay‌ soon.

  • Apple News now has over 85 million monthly active users.

  • ‌Apple News‌ launching in Canada later this quarter. English and French.

  • Apple's gross margin was 34.3% for hardware products and 62.8% for services.

  • Apple remains on track to double its fiscal 2016 services revenue by 2020.

  • Apple now has 360 million paid subscriptions across its services.

  • Apple expects to surpass 500 million paid subscribers across its services in 2020.

  • Wearables revenue driven by "amazing popularity" of Apple Watch and AirPods.

  • Wearables category is "approaching the size of a Fortune 200 company."

  • 506 Apple Stores across 22 regions at end of quarter.

  • Apple ended the quarter with $245 billion in cash plus marketable securities.

  • Apple to provide update on its capital return program in March earnings report.

  • iPhone XR is best-selling iPhone model, then ‌iPhone‌ XS Max, then ‌iPhone‌ XS.

More coverage:

A replay of the conference call is available on Apple's website for a limited time.

Tags: earnings, AAPL

Top Rated Comments

TantalizedMind Avatar
29 months ago
I love how none of the 18 takeaways are

1. iPhones are too expensive.
2. You should be concerned that nearly 2/3 apple's revenue is from iphones.
I remember when Apple made computers.
Score: 17 Votes (Like | Disagree)
kahkityoong Avatar
29 months ago
I love how none of the 18 takeaways are

1. iPhones are too expensive.
2. You should be concerned that nearly 2/3 apple's revenue is from iphones.
That’s because the takeaway points are based on fact rather than opinion.
Score: 12 Votes (Like | Disagree)
T'hain Esh Kelch Avatar
29 months ago
"$245 billion in cash"

trying to understand how much that is.
About 245 million iPhones.
Score: 10 Votes (Like | Disagree)
TantalizedMind Avatar
29 months ago
iPhone XR is best selling yet I haven’t seen ONE in the wild other than mine. Weird.
Score: 10 Votes (Like | Disagree)
Carnegie Avatar
29 months ago
What would be the price tag to take the company private?
Likely well over a trillion dollars.

I might be willing to contribute a few thousand if someone can pull the rest together.
Score: 8 Votes (Like | Disagree)
Totally Avatar
29 months ago
I love how none of the 18 takeaways are

1. iPhones are too expensive.
2. You should be concerned that nearly 2/3 apple's revenue is from iphones.
Score: 8 Votes (Like | Disagree)

Top Stories

april 2021 event coverage feature

Apple Event Live Coverage: New iPads, AirTags, and More Expected [Event Over]

Tuesday April 20, 2021 9:07 am PDT by
Apple's virtual "Spring Loaded" event kicks off today at 10:00 a.m. Pacific Time, with Apple expected to debut updated iPad models and perhaps some other hardware such as AirTags or iMac models based on Apple silicon. Apple is providing a live video stream on its website, on YouTube, and in the company's TV app across its platforms. We will also be updating this article with live blog...
m1 imac colors

Apple Announces Redesigned iMac With M1 Chip and Seven Color Options

Tuesday April 20, 2021 10:22 am PDT by
Apple has announced a new, redesigned 24-inch iMac, featuring an M1 chip, a 4.5K display, and a range of color options, as well as an improved cooling system, front-facing camera, speaker system, microphones, power connector, and peripherals. The new iMac features a completely new compact design, and comes in a range of seven striking colors, including green, yellow, orange, pink, purple,...
iphone 12 preorder purple

Apple Launching iPhone 12 and 12 Mini in New Purple Color on April 30

Tuesday April 20, 2021 10:08 am PDT by
Apple today announced that the iPhone 12 and iPhone 12 mini will be available in a new purple color starting April 30, with pre-orders starting this Friday. Apple is also releasing a new MagSafe Leather Case and Leather Sleeve in Deep Violet, a Silicone Case in Capri Blue, Pistachio, Cantaloupe, or Amethyst, and a Leather Wallet in Arizona, all available to order beginning today. iPhone...
14

Apple Says iOS 14.5 Will Be Released 'Next Week'

Tuesday April 20, 2021 11:08 am PDT by
Apple today in a press release about its new AirTag item tracker announced that iOS 14.5 and iPadOS 14.5 will be available starting "next week." iOS 14.5 and iPadOS 14.5 are packed with new features, including the ability for iPhone users who are wearing an Apple Watch to unlock the iPhone with Face ID while wearing a mask. iOS 14.5 and iPadOS 14.5 will also be the minimum software versions...
ipad pro with m1 chip

Apple Introduces Next-Generation iPad Pro With M1 Chip, Thunderbolt, 5G, XDR Display, and More

Tuesday April 20, 2021 10:40 am PDT by
Apple today announced the next-generation iPad Pro with the same M1 chip found in the latest Macs, Thunderbolt and USB4 support, 5G connectivity on cellular models with mmWave support in the United States, and more. With an 8-core CPU and 8-core GPU, Apple says the M1 chip in the new iPad Pro provides up to 50% faster performance and up to 40% faster graphics compared to the A12Z Bionic chip ...
f1618938547

Apple Announces AirTag Tracking Devices Starting At $29 Each

Tuesday April 20, 2021 10:10 am PDT by
Apple today announced AirTag, a Tile-like Bluetooth tracking device that's designed to be attached to items like keys and wallets for tracking purposes, letting you find them right in the Find My app. AirTags are accessories for attaching to backpacks, luggage, and other items. Any U1 device like the iPhone 12 can be used for precision finding to guide you right to the item you're looking...
Ports 2021 MacBook Pro Mockup Feature 1 copy

Stolen MacBook Pro Schematics Confirm Apple's Plans to Add More Ports and Remove Touch Bar

Wednesday April 21, 2021 10:31 am PDT by
Schematics stolen from Apple supplier Quanta Computer outline Apple's plans for the next-generation MacBook Pro models that are expected in 2021, and clearly confirm plans for additional ports and a return to MagSafe. MacRumors saw the schematics after they were leaked online, and some of them feature the logic board of the next-generation MacBook Pro. On the right side of the machine,...
iPad Pro

New 12.9-Inch iPad Pro Will Be 0.5mm Thicker to Accommodate Mini-LED Display

Monday April 19, 2021 11:30 am PDT by
The upcoming 12.9-inch iPad Pro will be thicker than the previous-generation version, likely due to the inclusion of the mini-LED display. We've heard several rumors about the change in thickness, and now leaked design images have confirmed it. A source that designs accessories for Apple devices sent MacRumors a series of photos that feature exact dimensions for the new iPad Pro models, and...
iPad Pro Feature Orange

Wedbush Analysts Say 'Spring Loaded' Event Will Debut New iPads With 'Modest Price Increase,' Along With 'a Few Surprises'

Monday April 19, 2021 6:37 am PDT by
Apple is planning to launch a new entry-level iPad, iPad mini, and iPad Pro at its "Spring Loaded" event tomorrow, along with "a few surprises," according to Wedbush analysts. In a new note to investors, seen by MacRumors, Wedbush analysts Daniel Ives and Strecker Backe explained that the iPad will be the main focus of Apple's "Spring Loaded" event, with new entry-level iPad, iPad mini, and ...
maxresdefault

Apple Event 2021: Everything Apple Announced at Its 'Spring Loaded' Event in Just 6 Minutes

Tuesday April 20, 2021 4:23 pm PDT by
Apple today held its first event of 2021, and it was one of the most exciting events that we've seen in some time. Apple announced a whole slew of new products, including an M1 iMac, an M1 iPad Pro, a refreshed 4K Apple TV, and the long-awaited AirTags. Subscribe to the MacRumors YouTube channel for more videos. It took Apple an hour to introduce all of the new devices during its virtual...