Apple sets new Q4 record with $64 billion in revenue

By

Big pile of cash underneath an Apple logo.
Apple's giant pile of cash continues to grow.
Image: Ste Smith/Cult of Mac

Apple earnings report for the fourth fiscal quarter of 2019 met the most bullish of Wall Street expectations this afternoon with a Q4 record high of $64 billion in revenue and $3.03 earnings per share.

Apple’s stock price started soaring in after-hours trading on news of the positive earnings. With the iPhone 11 on sale for just 10 days during Q4, Apple CEO Tim Cook gave credit to Apple’s booming service business and the Apple Watch and AirPods for pushing the quarter to record heights.

Apple’s big earnings surprises [Cult of Mac Magazine No. 308]

By

Find out about Apple's big earnings surprises in Cult of Mac Magazine No. 308
We learned something! (A few things, actually.)
Cover: Leander Kahney/Cult of Mac

Apple’s record-breaking revenues weren’t the biggest surprise in this week’s earnings call. Usually tight-lipped Apple execs Tim Cook and Luca Maestri actually uncorked a few shocking revelations!

Read all about it in this week’s totally free issue of Cult of Mac Magazine. Grab the iOS version now to enjoy it on your iPad, or hit the links below to read in your browser.

You’ll also find plenty of other Apple news, analysis and opinion, including a call for transparency in the wake of Siri’s eavesdropping problem. Plus, we’ve got product reviews and how-tos — like one on cleaning the lint from your filthy iPhone.

Services fuel Apple to historic June quarter

By

Big pile of cash underneath an Apple logo.
Apple shares are trading up on the good news.
Photo: Ste Smith/Cult of Mac

Record-breaking revenue put Apple right in line with Wall Street expectations as the company released its Q3 2019 earnings report today.

The iPhone-maker brought in $53.8 billion in revenue, a number within range of its own guidance and most analysts’ predictions. That set a new record for Apple third-quarter revenue — a slight gain from Q3 2018’s $53.3 billion. CEO Tim Cook touted the company’s subscription offerings for fueling the new all-time high.

5 key things to watch for in Apple’s most boring earnings report of 2019

By

Earnings call
This might be a dull earnings call.
Photo: Jim Merithew/Cult of Mac

The most yawn-inducing Apple earnings call of the year is just days away, and Wall Street is eagerly anticipating the results — though maybe for reasons you wouldn’t expect.

Apple CEO Tim Cook and CFO Luca Maestri are scheduled to hop on the phone with investors at 2 p.m. Pacific next Tuesday for Apple’s Q3 2019 earnings call. Even though Apple doesn’t reveal quarterly sales for iPhones anymore, there are a lot of metrics to look for that could clue us in on how well or poorly the company is performing lately.

Keep an ear out for these five things during Apple’s July 30 earnings call.

iPad sales were the hero of Apple’s latest earnings report

By

iPad Air 10.5
The new iPad Pro is officially a hit!
Photo: Apple

Apple surprised Wall Street with a better-than-expected Q2 earnings report this afternoon and one of the biggest factors was the iPad.

With revenues topping $58 billion Q2 (down 5% YoY), Apple is trying to become less reliant on its iPhone business. Services are expected to pick up most of the slack, but this last quarter Apple got some unexpected help from its iPad business that is experiencing a resurgence just at the right time thanks to the new iPad Pro.

Did Apple reverse its revenue slide? We’ll know April 30.

By

apple park
The end of 2018 went badly for Apple. We’ll know soon how it’s doing in 2019.
Photo: Duncan Sinfield

We’ll soon know if Apple made progress drumming up more demand for the latest iPhones in Asia. Weak demand in China caused a surprising year-over-year drop in Apple’s total revenue during the last quarter of 2018.

CEO Tim Cook and co. have just scheduled an earning call with investors for April 30. We’ll find out then if the company managed to improve its situation during the first three months of 2019.

What Apple’s past says about its future [Cult of Mac Magazine No. 282]

By

Hey, that's no crystal ball ... Apple earnings offer a peek at Apple's future.
Hey, that's no crystal ball ...
Cover: Marty Cortinas/Cult of Mac

After enduring a rough quarter, Apple tells the world what went wrong. But even more interesting is what went right — and what that means for Apple’s future.

Get our take on what you really need to know from Apple’s latest earnings call, plus the rest of the week’s best Apple news, reviews and how-tos. You’ll find it all in this week’s free issue of Cult of Mac Magazine.

Live blog: Witness Apple’s high-stakes earnings call

By

money
This earnings repot could be Apple's worst in years.
Photo: Cult of Mac

Investors are eagerly waiting to see all the numbers from Apple’s 2018 holiday quarter during today’s earnings call. Based on early reports, some of the numbers might come in even lower than expected.

Gulp.

Apple already warned investors that iPhones sales during Q1 2019 came in lower than expected, mostly thanks to problems in Greater China. Even after lowering revenue guidance, the company still could pull out a few surprises. However, most analysts remain worried that the iPhone sales slump will continue into 2020.

Apple CEO Tim Cook and CFO Luca Maestri are set to get on the phone with investors at 2 p.m. Pacific today. Per usual, Cult of Mac will be here live-blogging all the action with up-to-the-minute analysis on all the important numbers.

Come join the fun:

Why this week’s Apple earnings report is the most important in years

By

Earnings call
This might be a dull earnings call.
Photo: Jim Merithew/Cult of Mac

When Apple unveils its earnings report for last year’s crucial holiday quarter, the entire world will be watching for signs of the company’s long-rumored impending doom.

Several factors will make Tuesday’s Q1 2019 earnings call Apple’s most important in years. Depending on how it goes, it could have an enormous impact on the company’s stock’s performance in 2019 and beyond.

Today in Apple history: iPod drives profits to new heights

By

iPod
The iPod was kind of a big deal in 2005.
Photo: Jim Merithew/Cult of Mac

January 12: Today in Apple history: iPod drives Apple profits to new heights January 12, 2005: Apple reports record earnings for the preceding three months, with holiday sales of the iPod and demand for the latest iBook giving the company a four-fold increase in profits.

Apple brags that it has sold a total of 10 million iPods, and rightly so. The massive popularity of the portable music player drives Apple to its highest earnings ever.