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October 30, 2019 08:56 pm
Illustration by Alex Castro / The Verge
Original Link: https://www.theverge.com/2019/10/30/20940562/apple-q4-2019-earnings-iphone-sales-record-revenue-slow-services-income-mac-ipad-tim-cook
Slow iPhone sales didnt stop Apple from its best Q4 revenue ever
Illustration by Alex Castro / The Verge
Apple today reported its fiscal fourth quarter 2019 earnings, which saw the company earn a record $64 billion in revenue. The news reflects the general trend with Apple over the past year: iPhone sales are down, but service revenue hit an all-time high. In other words, Apple’s strategy to de-emphasize hardware sales and bet more on subscription services seems to be working.
That $64 billion in revenue is up 2 percent year over year compared to Q4 2018, with quarterly earnings per diluted share of $3.03, up 4 percent from Q4 2018.
But iPhone sales — still Apple’s biggest moneymaker — continued to decline compared to last year, bringing in $33.36...
Original Link: https://www.theverge.com/2019/10/30/20940562/apple-q4-2019-earnings-iphone-sales-record-revenue-slow-services-income-mac-ipad-tim-cook
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