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: AAPL, Earnings

Popular Stories

Mayday Calendar

Apple Acquisition Hints at Upgraded Calendar App on iOS 19 or Beyond

Friday May 9, 2025 9:13 am PDT by
Apple acquired Canadian startup Mayday Labs in April 2024, according to a European Commission listing, spotted by French blog MacGeneration. The acquisition had not received widespread attention from tech publications until now. Apple is legally required to report certain acquisitions to the European Commission, under the terms of the EU's Digital Markets Act. Mayday Labs founder Jeremy...
Nineth iOS 19 Feature

iOS 19 Beta is a Month Away With These New Features for Your iPhone

Thursday May 8, 2025 7:37 am PDT by
The first iOS 19 beta is just one month away, and there are already many new features and changes that are expected with it. Apple should seed the first iOS 19 beta to developers immediately following the WWDC 2025 keynote, which is scheduled for Monday, June 9. Following beta testing, the update should be released to the general public in September. Below, we recap the key iOS 19 rumors...
fortnite apple featured

Epic Games Submits Fortnite to U.S. App Store

Friday May 9, 2025 9:57 am PDT by
As promised, Epic Games today submitted Fortnite to the U.S. App Store, and if approved by Apple, it will mark the first time that the Fortnite app has been available in the United States since 2020. Fortnite will include options to purchase in-app currency from the web rather than through in-app purchase, which is what got the game banned to begin with. This time, though, Apple has been...
iOS 18

Here Are Apple's Full iOS 18.5 Release Notes

Tuesday May 6, 2025 2:17 pm PDT by
Apple today seeded the release candidate version of iOS 18.5 to developers and public beta testers, giving us a look at the final version of the update that will be provided to the public next week. With the release candidate, Apple provided release notes, so we have a more complete look at the new features that are included in the update, including those that weren't found during the beta...
top stories 2025 05 10

Top Stories: iOS 18.5 Release Imminent, iPhone Rumors for 2025 and Beyond, and More

Saturday May 10, 2025 6:00 am PDT by
With Apple's developer conference where it will show off iOS 19 just a month away, the company is wrapping up work on iOS 18.5 ahead of an imminent release to deliver a few new features and updates. This week also saw a number of iPhone-related rumors, encompassing not only this year's iPhone 17 lineup but also Apple's plans for 2026 and 2027, even as Apple's Eddy Cue suggested AI could make ...
AirPods Pro 3 Mock Feature

AirPods Pro 3 Just Months Away – Here's What We Know

Tuesday April 29, 2025 1:30 am PDT by
Despite being more than two years old, Apple's AirPods Pro 2 still dominate the premium wireless‑earbud space, thanks to a potent mix of top‑tier audio, class‑leading noise cancellation, and Apple's habit of delivering major new features through software updates. With AirPods Pro 3 widely expected to arrive in 2025, prospective buyers now face a familiar dilemma: snap up the proven...
Foldable iPhone 2023 Feature Homescreen

Apple's Foldable iPhone Display Tech May Set New Industry Standard

Thursday May 8, 2025 3:29 am PDT by
Apple's upcoming foldable iPhone will feature a new type of display panel developed by Samsung that has never been used in a foldable product, claims a source with links to Apple's supply chain. According to the account yeux1122 on the Korean Naver blog, the foldable iPhone will use a custom display process for which Apple will hold branding trademark rights, and that meets Apple's stringent ...

Top Rated Comments

TantalizedMind Avatar
82 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
82 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
82 months ago
"$245 billion in cash"

trying to understand how much that is.
About 245 million iPhones.
Score: 10 Votes (Like | Disagree)
TantalizedMind Avatar
82 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
82 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
82 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)