Advertisements

Apple CEO Tim Cook on 5G: ‘We’re Excited About Our Pipeline’

During today’s earnings call covering the first fiscal quarter of 2020, Apple CEO Tim Cook was asked about 5G, and how much of a demand driver it might be for Apple.Cook of course said that he wouldn’t comment on future Apple products with respect to 5G, but said 5G is in the “early innings of […]

Advertisements
Read More

Apple Limiting Employee Travel to China Amid Coronavirus Outbreak, Working to Avoid Supply Shortages

During today’s earnings call, Apple CEO Tim Cook commented on the coronavirus outbreak in China, which investors fear could potentially impact Apple’s business, affecting production of both current iPhones and the new low-cost iPhone that’s on the horizon.Cook said that Apple is donating to China to help with the outbreak and working with partner companies. […]

Read More

Apple’s Services Revenue Hits New All-Time High of $12.7 Billion in Q1 2020

Apple’s services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, and more, has become a significant revenue driver for Apple.In the first fiscal quarter of 2019, Apple’s services segment brought in $12.7 billion, up from $10.9 billion in the year-ago quarter, marking growth […]

Read More

Apple’s Wearables Category Sets All-Time Revenue Record in Q1 2020, Surpassing Mac for the First Time

During the first quarter of 2020, Apple’s wearables category set a new all-time revenue record, according to Apple CEO Tim Cook.Apple’s wearables earnings category, which includes AirPods and Apple Watch along with accessories like Beats headphones and HomePod, hit $10 billion, up from $7.3 billion in the year-ago quarter. Wearables, Home, and Accessories revenue surpassed […]

Read More

Apple Reports 1Q 2020 Results: $22.2B Profit on $91.8B Revenue, Best Quarter Ever

Apple today announced financial results for its first fiscal quarter of 2020, which corresponds to the fourth calendar quarter of 2019.For the quarter, Apple posted revenue of $91.8 billion and net quarterly profit of $22.2 billion, or $4.99 per diluted share, compared to revenue of $84.3 billion and net quarterly profit of $20.0 billion, or […]

Read More

Apple’s Services Revenue Hits New All-Time High of $12.5 Billion in Q4 2019

Apple’s services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, Apple Arcade, Apple News+ and more, is an important revenue driver for Apple amid flagging iPhone sales, leading Apple to focus more effort on its services category. In the fourth fiscal quarter of 2019, Apple’s services segment […]

Read More