The biggest takeaways from Apple’s record-breaking Q1 earnings

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Apple is bringing its massive pile of cash back to the U.S.A.
Photo: Ste Smith/Cult of Mac

Apple made more money last quarter than it ever has in the company’s history, but despite bringing home $88.3 billion in revenue, not all investors were impressed.

Wall Street walked away from Apple’s Q1 2018 earnings with mixed reviews. Money and cash is at an all-time high, yet there are some worrying signs that iPhone sales are about to hit another slump and new products like HomePod aren’t doing much to excite the market.

Here are the five biggest takeaways from today’s call:

Disney hires Apple vet to build streaming service

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Photo: Tom Bricker
Disney is planning to take on Netflix.
Photo: Photo: Tom Bricker

Disney is bringing in an Apple veteran to help build its streaming service that will ultimately take on Netflix and maybe even Apple.

Kevin Swint, a former Apple employee that was in charge of the company’s worldwide iTunes movie business, was recently hired by Disney to help the company embrace streaming.

Apple orders sci-fi drama from Peaky Blinders writer

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Apple's TV lineup is starting to take shape.
Photo: Jim Merithew/Cult of Mac

Apple’s original content creation machine is starting to churn at full steam, based on a new report that the iPhone-maker has inked a deal for yet another original series.

Apple ordered a straight-to-series TV show this week that will be written by Peaky Blinders creator Steven Knight and directed by Francis Lawrence, who helmed the first two movies in The Hunger Games franchise.

Apple orders new TV series all about extravagant homes

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Steve Jobs Theater
The new Steve Jobs Theater
Photo: Duncan Sinfield

Get ready to dive into the lifestyles of the rich and fabulous with a new Apple TV show that just got the green light.

Apple reportedly gave a straight-to-series order for a new docuseries called Home that will explore some of the most extravagant abodes in the world, along with the minds that made them.

Analysts: There’s a 40 percent chance Apple will acquire Netflix

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Our take? Don't count on it.
Image: Netflix

Citi analysts claim that there is a 40 percent chance that Apple will acquire Netflix in 2018.

Analysts Jim Suva and Asiya Merchant peg their prediction on the extra cash that Apple could have on its hands following President Trump’s recent tax cut — thereby allowing it to repatriate around $220 billion in cash.

According to Suva and Merchant, Apple would need just one third of that cash to buy Netflix.

Apple adds Hulu and Legendary execs to original content team

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Apple's TV team is starting to take shape.
Photo: Ste Smith/Cult of Mac

Apple’s quest to dominate the video streaming business has added two new executives to the company’s growing roster of original video content talent.

Two business affairs executives — Philip Matthys from Hulu and Jennifer Wang Grazier from Legendary Entertainment — have reportedly joined Apple to fill positions on the company’s video content team.

Apple will spend $4.2 billion on original programming by 2022

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Apple is opening up its wallet!
Photo: Ste Smith/Cult of Mac

Apple will $4.2 billion per year on original video content by 2022, according to a recent report, citing Loup Ventures analyst Gene Munster.

The sum is a massive increase on the rumored $1 billion “war chest” that Apple will spend in 2018, although it will still trail behind Netflix and Amazon when it comes to their respective video budgets.

Analyst predicts Apple will launch Netflix rival service in 2018

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Could Apple challenge the might of Netflix?
Photo: Netflix

As part of CCS Insight’s predictions for 2018, analysts for the firm suggest that Apple will launch a video subscription service, designed to compete with Netflix.

“Everyone is jostling for position and everyone is jumping in on the area of video. When you look at Apple, it has a very strong hardware offering and their services business is on the march,” Paolo Pescatore, vice president of multiplay and media at CCS Insight, told CNBC.

Apple gives Drake blank check to make films

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Drake talks Apple Music at WWDC.
Drake and Apple have been close for years.
Photo: Apple

Apple plans to use Toronto rapper Drake to dominate an all-new domain: original video.

In a new interview, Drake revealed that he has several video projects in the works with both Apple and Netflix that he plans to tackle over the next year while taking a break from music.

Apple’s new TV shows will be squeaky clean

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The TV app may become the distribution channel for Apple's original shows.
Photo: Apple

Apple wants to create a hit TV show that’s as popular as Game of Thrones only without all the nudity and violence.

According to a new report, Hollywood talent pitching Apple’s TV team has been informed that the company wants to make original shows that are suitable for all audiences so they can be played at Apple stores.