Apple’s first quarter 2019 results include some bright spots: Macs, iPads, Services, Wearables all up<article>
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<p>As expected, Apple on Tuesday announced first-quarter 2019 results that were decidedly lower than the initial guidance of $89 billion to $93 billion. For the holiday quarter, Apple posted revenue of $84.3 billion and a net profit of $19.9 billion, a 5 percent drop over last year and the clearest sign yet sign that iPhone sales are slowing.</p><p>We don’t know how much iPhone unit sales fell, of course, since Apple has stopped providing those numbers. (Apple CFO Luca Maestri did state that the iPhone XR is Apple’s best-selling phone, and the there are 900 million iPhones in use.) But we do know how much revenue the iPhone brought in. For the holiday quarter, Apple made $52 billion on iPhone sales, compared to $61 billion in the year-ago quarter, a 15 percent drop. Assuming Apple sold fewer iPhones than last year, it’s hard to extrapolate what that means for models and sales.</p><p class="jumpTag"><a href="/article/3336868/apple/apple-first-quarter-2019-results.html#jump">To read this article in full, please click here[/url]</p></section></article>
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Apple’s first quarter 2019 results include some bright spots: Macs, iPads, Services, Wearables all up
