Apple earnings tidbits: 50M Apple Music subscribers, 85M monthly News users more
Following the release of its [fiscal] Q1 2019 financial results, Apple’s CEO Tim Cook together with CFO Luca Maestri hopped on a conference telephone band to utter virtually the company’s functioning over the by iii months. As usual, we’ve rounded upward around of the to a greater extent than interesting points for you lot below.
- 1.4 billion active devices
- Now to a greater extent than than 360 meg paid subscribers across Apple services
- Services revenue reached an all-time high of $10.9B
- Apple Music surpassed tape l meg subscribers during the Dec quarter
- Apple Pay saw 1.8 billion transactions
- Apple News laid upward tape of over 85M monthly active users
- iPad revenue upward 17% Year-over-Year
- Wearables concern approaching size of Fortune 200 company
- Now 506 Apple Stores across 22 countries
- Revenue inward Red People's Republic of China dropped 26.7% YoY
- International sales accounted for 62% of the quarter’s revenue
- Revenue from iPhone declined 15% YoY
- Apple is projecting [fiscal] Q2 2019 revenue of $55B – $59B, downwards from $61.1B YoY
- Tim Cook says customers are belongings onto iPhones longer than ever
- Cook on master video content “We’ve hired around people nosotros accept a super sum of confidence in. We’ll accept to a greater extent than to tell on that later.”
Despite the fille on revenue together with lower-than-expected iPhone sales, Apple’s stock cost is upward 6% inward after-hours trading. If you’d similar to psyche to a replay of the turn a profit call, you lot tin detect it here for a express time.
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