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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.
- Apple Lowering iPhone Prices in Some International Markets to Boost Sales
- Tim Cook: Apple Plans to Participate in the "Breakdown of the Cable Bundle" With AirPlay 2, Original Content, and More
- Tim Cook: "I Do Think Price is a Factor" in Declining iPhone Upgrades
- Tim Cook: Customers Holding on to Older iPhones "a Bit Longer" Than in Past
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Top Rated Comments
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3 weeks 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.
3 weeks 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.
3 weeks ago
iPhone XR is best selling yet I haven’t seen ONE in the wild other than mine. Weird.
3 weeks ago
"$245 billion in cash"
trying to understand how much that is.
3 weeks ago
Love when articles are bullet points right to the point. Business insider does that before their stories, tell you everything that’s inside the article, then if you want to dig into the weeds, keep reading/
3 weeks ago
When you realize that your beloved company does not sell/care about computers anymore.
3 weeks 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.
3 weeks ago
Congrats.
Now Apple can bring out new iMacs and the missing monitor for their Mac Mini and the missing iPhone SE2, then the hardware world is almost all right for the next 2 years. Not every year a new Porsche (iPhone), that doesn't make sense. The iPhone is not bought because of some micro-gimmicks but because it has a great operating system.
Apple, then please concentrate on improving your services (e.g. Facetime international is often still unreliable; audio/video failures).
Now Apple can bring out new iMacs and the missing monitor for their Mac Mini and the missing iPhone SE2, then the hardware world is almost all right for the next 2 years. Not every year a new Porsche (iPhone), that doesn't make sense. The iPhone is not bought because of some micro-gimmicks but because it has a great operating system.
Apple, then please concentrate on improving your services (e.g. Facetime international is often still unreliable; audio/video failures).
3 weeks 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.
1. iPhones are too expensive.
2. You should be concerned that nearly 2/3 apple's revenue is from iphones.
3 weeks 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.
The company is gone now; apparently, investors lost confidence for some reason and stocks plummeted. I can't for the life of me imagine why…
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