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

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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.

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  • 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

Top Rated Comments

TantalizedMind Avatar
TantalizedMind
94 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
kahkityoong
94 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)
TantalizedMind Avatar
TantalizedMind
94 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)
T'hain Esh Kelch Avatar
T'hain Esh Kelch
94 months ago
"$245 billion in cash"

trying to understand how much that is.
About 245 million iPhones.
Score: 10 Votes (Like | Disagree)
Goompa Avatar
Goompa
94 months ago
When you realize that your beloved company does not sell/care about computers anymore.
Score: 8 Votes (Like | Disagree)
Morgenland Avatar
Morgenland
94 months 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).
Score: 8 Votes (Like | Disagree)
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