earnings

By MacRumors Staff

earnings Articles

Apple's Services Revenue Hits New All-Time High of $11.5 Billion in Q2 2019

Tuesday April 30, 2019 1:53 pm PDT by
Apple's services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, and AppleCare, has become an increasingly important revenue driver for Apple amid stagnating iPhone sales, and Apple has been focusing more than ever on its services category. During the second fiscal quarter of 2019, Apple's services segment brought in $11.5 billion in revenue, up from...

Apple CEO Tim Cook Says Performance in China Has Improved Over Previous Quarter

Tuesday April 30, 2019 1:43 pm PDT by
Apple today announced its earnings results for the second fiscal quarter (first calendar quarter) of 2019, and ahead of the company's upcoming earnings call, Apple CEO Tim Cook shared some remarks on Apple's results with CNBC. According to Cook, Apple's performance in China improved over the previous quarter and saw greater strength towards the end of the quarter. A sales tax cut in the...

Apple Reports 2Q 2019 Results: $11.56B Profit on $58B Revenue as Services Revenue Hits All-Time High

Tuesday April 30, 2019 1:39 pm PDT by
Apple today announced financial results for the second fiscal quarter of 2019, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $58.0 billion and net quarterly profit of $11.6 billion, or $2.46 per diluted share, compared to revenue of $61.1 billion and net quarterly profit of $13.8 billion, or $2.73 per diluted share, in the year-ago quarter...

Apple to Announce Q2 2019 Earnings on April 30

Monday April 1, 2019 2:24 pm PDT by
Apple today updated its website to announce that it will share its earnings results for the second fiscal quarter (first calendar quarter) of 2019 on Tuesday, April 30. Apple's second quarter earnings results will give us a look at how well Apple's products are doing following the first fiscal quarter of 2019, which saw Apple unexpectedly lower its revenue guidance due to fewer than...

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

Wednesday January 30, 2019 6:39 am PST by
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...

Strategy Analytics: Apple Shipped an Estimated 65.9 Million iPhones in Holiday Quarter

Tuesday January 29, 2019 3:13 pm PST by
Apple shipped an estimated 65.9 million iPhones during the first fiscal quarter of 2019 (aka the fourth calendar quarter of 2018) according to new data shared today by Strategy Analytics. As of this quarter, Apple is no longer providing a breakdown of unit sales of the iPhone, iPad, and Mac, so we will not have concrete data on how well the ‌iPhone‌ is selling going forward. Apple in Q1...

Apple CEO Tim Cook: 'I Do Think Price is a Factor' in Declining iPhone Upgrades

Tuesday January 29, 2019 1:58 pm PST by
During today's earnings call for the first fiscal quarter of 2019, Apple CEO Tim Cook was asked whether he thought that the pricing of the iPhone XR, XS, and iPhone XS Max was too high. In response, Cook said that while he didn't feel that was as much of a factor in the United States, it was an issue in emerging markets. The ‌iPhone XS‌ is priced the same as the iPhone X at $999, while...

Apple CEO Tim Cook: Customers Are Holding on to Older iPhones 'a Bit Longer' Than in the Past

Tuesday January 29, 2019 1:36 pm PST by
Apple saw lower than expected iPhone sales during its first fiscal quarter of 2019 (aka the 2018 holiday quarter) and one explanation provided by Apple was lower quarterly ‌iPhone‌ upgrades. During today's earnings call, Apple CEO Tim Cook delved into the reasons why Apple is seeing fewer upgrades. First and foremost, he named foreign exchange rates. The strength of the U.S. dollar has made...

Apple's Services Revenue Up 19% Year-Over-Year in Q1 2019, Hits New All-Time High

Tuesday January 29, 2019 1:27 pm PST by
Apple's services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, and AppleCare is an increasingly important revenue driver for Apple amid stagnating iPhone sales, and services growth is once again hitting an all time high. During the first fiscal quarter of 2019, Apple's services segment brought in $10.9 billion in revenue, up from the $9.1 billion...

Apple Now Has 1.4 Billion Active Devices Worldwide

Tuesday January 29, 2019 1:19 pm PST by
Apple CEO Tim Cook today announced that its active installed base of devices has hit 1.4 billion, a milestone the company hit at the end of December. Apple's active installed base includes the iPhone, iPod touch, iPad, Mac, Apple TV, and Apple Watch models in use around the world. Of the 1.4 billion active devices, 900 million of those are iPhones. The new 1.4 billion milestone comes...

Apple Lowering iPhone Prices in Some International Markets to Boost Sales

Tuesday January 29, 2019 12:59 pm PST by
Apple CEO Tim Cook today told Reuters that the company is "rethinking" iPhone prices outside of the United States. Setting prices in U.S. dollars has made phones more expensive in local currencies, so Apple is planning to lower prices. Cook says that in some international markets, after assessing macroeconomic conditions, Apple will go back to pricing that's "more commensurate" with what local ...

Apple's 'Wearables, Home and Accessories' Category Now Bringing in More Revenue Than iPad, and Soon Mac

Tuesday January 29, 2019 12:48 pm PST by
Apple's "Wearables, Home, and Accessories" category, which used to be called the "Other" category, has surpassed the iPad in revenue and is closing in on the Mac lineup as well. The Wearables, Home, and Accessories category brought in $7.3 billion during the quarter, compared to $6.7 billion for ‌iPad‌ and $7.4 billion for Mac. Overall, Wearables, Home and Accessories category growth was up...

Apple Reports 1Q 2019 Results: Nearly $20B Profit on $84.3B Revenue, Second-Best Quarter Ever Despite Earnings Warning

Tuesday January 29, 2019 12:38 pm PST by
Apple today announced financial results for its first fiscal quarter of 2019, which corresponds to the fourth calendar quarter of 2018. For the quarter, Apple posted revenue of $84.31 billion and net quarterly profit of $19.965 billion, or $4.18 per diluted share, compared to revenue of $88.3 billion and net quarterly profit of $20.1 billion, or $3.89 per diluted share, in the year-ago quarter....

Apple to Announce Q1 2019 Earnings on January 29, iPhone Unit Sales Won't Be Included

Wednesday January 2, 2019 1:46 pm PST by
Apple today updated its investor relations page to announce that it will share its earnings for the first fiscal quarter (fourth calendar quarter) of 2019 on Tuesday, January 29. Along with the notice on when to expect earnings results, Apple today also announced revised guidance for the first fiscal quarter, which will make the January earnings call an interesting one. Apple now expects...

Apple Blames Currency Fluctuations and Uncertainty in Emerging Countries for Weak Holiday Sales Estimates

Thursday November 1, 2018 3:05 pm PDT by
Though iPhone revenue was up in 4Q 2018, fourth quarter iPhone XS and XS Max sales were not as strong as expected, and iPhone sales growth was essentially flat. Apple sold 46.9 million iPhones during the quarter, compared to 46.7 million in the year-ago quarter, missing analyst estimates. Apple's $89 to $93 billion revenue forecast for the first fiscal quarter of 2019 is rather also cautious,...

Apple to Stop Providing Unit Sales Data for iPhone, iPad and Mac Starting With December Quarter

Thursday November 1, 2018 2:37 pm PDT by
During today's fourth quarter earnings call, Apple CFO Luca Maestri announced that going forward, Apple will not provide unit sales of iPhone, iPad, and Mac during its quarterly earnings reports. This marks a major change to the way that Apple reports data and it will make estimating iPad, Mac, and iPhone product sales a more difficult task. Apple is perhaps making this change because its unit ...

Apple's Wearable Category Sets New September Quarter Revenue Record With Growth Over 50%

Thursday November 1, 2018 2:26 pm PDT by
Apple's "Other Products" category, which includes AirPods, Apple TV, Apple Watch, iPod touch, HomePod, Beats products, and Apple-branded and third-party accessories brought in an impressive $4.2 billion during the fourth fiscal quarter of 2018, representing a 31 percent increase in revenue. Apple does not break down the specific sales numbers of products in the "Other" category, which makes it ...

Apple's Services Revenue Up 17% Year-Over-Year in 4Q 2018, Hits All Time High of $10B

Thursday November 1, 2018 2:18 pm PDT by
Apple's services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, iCloud, Apple Pay, and AppleCare, continues to be an increasingly important revenue driver for Apple, and services growth is once again at an all time high. During the fourth fiscal quarter of 2018, Apple's services segment brought in $10 billion in revenue, up 17 percent from the $8.5 billion...

Apple Reports 4Q 2018 Results: $14.1B Profit on $62.9B Revenue, 46.9M iPhones

Thursday November 1, 2018 1:38 pm PDT by
Apple today announced financial results for the third calendar quarter and fourth fiscal quarter of 2018. For the quarter, Apple posted revenue of $62.9 billion and net quarterly profit of $14.1 billion, or $2.91 per diluted share, compared to revenue of $52.6 billion and net quarterly profit of $10.7 billion, or $2.07 per diluted share, in the year-ago quarter. Revenue, profit, and EPS were...

Apple Expected to Report Its Best Fourth Quarter Ever Today Following iPhone XS and iPhone XS Max Launch

Thursday November 1, 2018 12:51 pm PDT by
Apple is set to report its earnings results for the fourth quarter of its 2018 fiscal year at 1:30 p.m. Pacific Time today. The quarter began July 1, 2018 and ran through September 29, 2018, according to Apple's fiscal year accounting calendar. Apple provided the following guidance for the quarter back on July 31:revenue of $60 billion to $62 billion gross margin between 38 and 38.5...