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.

- 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.
Popular Stories
The long wait for an Apple Watch Ultra 3 appears to be nearly over, and it is rumored to feature both satellite connectivity and 5G support.
Apple Watch Ultra's existing Night Mode
In his latest Power On newsletter, Bloomberg's Mark Gurman said that the Apple Watch Ultra 3 is on track to launch this year with "significant" new features, including satellite connectivity, which would let you...
The iPhone 17 Pro Max will feature the biggest ever battery in an iPhone, according to the Weibo leaker known as "Instant Digital."
In a new post, the leaker listed the battery capacities of the iPhone 11 Pro Max through to the iPhone 16 Pro Max, and added that the iPhone 17 Pro Max will feature a battery capacity of 5,000mAh:
iPhone 11 Pro Max: 3,969mAh
iPhone 12 Pro Max: 3,687mAh...
The upcoming iPhone 17 Pro and iPhone 17 Pro Max are rumored to have a slightly different MagSafe magnet layout compared to existing iPhone models, and a leaked photo has offered a closer look at the supposed new design.
The leaker Majin Bu today shared a photo of alleged MagSafe magnet arrays for third-party iPhone 17 Pro cases. On existing iPhone models with MagSafe, the magnets form a...
iOS 26 and iPadOS 26 add a smaller yet useful Wi-Fi feature to iPhones and iPads.
As spotted by Creative Strategies analyst Max Weinbach, sign-in details for captive Wi-Fi networks are now synced across iPhones and iPads running iOS 26 and iPadOS 26. For example, while Weinbach was staying at a Hilton hotel, his iPhone prompted him to fill in Wi-Fi details from his iPad that was already...
Apple's position as the dominant force in the global true wireless stereo (TWS) earbud market is expected to continue through 2025, according to Counterpoint Research.
The forecast outlines a 3% year-over-year increase in global TWS unit shipments for 2025, signaling a transition from rapid growth to a more mature phase for the category. While Apple is set to remain the leading brand by...
Apple today seeded the second betas of upcoming iOS 18.6 and iPadOS 18.6 updates to public beta testers, with the betas coming just a day after Apple provided the betas to developers. Apple has also released a second beta of macOS Sequoia 15.6.
Testers who have signed up for beta updates through Apple's beta site can download iOS 18.6 and iPadOS 18.6 from the Settings app on a compatible...
Apple's next-generation iPhone 17 Pro and iPhone 17 Pro Max are just over two months away, and there are plenty of rumors about the devices.
Below, we recap key changes rumored for the iPhone 17 Pro models.
Latest Rumors
These rumors surfaced in June and July:Apple logo repositioned: Apple's logo may have a lower position on the back of the iPhone 17 Pro models, compared to previous...