What we learned from Apple’s surprising earnings report

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

Wall Street received surprisingly better-than-expected news from Apple’s Q2 2019 earnings report today — and the stock is soaring in after-hours trading.

iPhone sales remain down, but pretty much every other facet of the company’s business is firing on all cylinders. Customers are falling in love with the iPad all over again. Services are booming. And Apple’s wearables business is now the size of a Fortune 200 company.

Despite plenty of doom and gloom from analysts over the last 12 months, Apple’s future is looking bright again.

Apple video service might force Disney CEO out of board seat

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Bob Iger
Disney Chairman and CEO, Robert A. Iger.
Photo: (Disney/ABC/ Heidi Gutman)

Disney CEO Bob Iger’s seat on Apple’s board of directors might be at risk as both companies pursue video streaming services.

Apple hasn’t asked Iger to step down yet, but a new report shines light on what could soon become a very conflicted relationship. Disney and Apple have enjoyed close ties ever since Disney bought Pixar from Steve Jobs. Now it looks like the two companies are about to become close rivals.

Apple’s greedy terms for new service reportedly spook publishers

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Apple News
Apple wants a giant piece of publishers’ action
Photo: Ste Smith/Cult of Mac

Apple is reportedly taking a hard line with publishers during its negotiations for a proposed news subscription service.

Aiming to become the “Netflix of news,” Apple’s as-yet-unannounced service would give customers unlimited access to articles from popular publishers for just $10 per month. However, news organizations are reportedly balking at Apple’s proposed revenue split, which sounds downright greedy.

Apple reclaims crown as most valuable public company

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Tim Cook earnings apple
Tim Cook is really good at making money.
Illustration: Ste Smith/Cult of Mac

Apple is back to being the world’s most valuable publicly traded company once again.

The company’s stock price has been rising steadily since Apple revealed its first earnings of 2019 last month. Worried investors ditched the stock at the beginning of the year due to slumping iPhone sales, but it just passed Amazon and Microsoft today, putting Apple back on top.

Morgan Stanley thinks Services will help Apple hit $1 trillion again

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money
Services are a growing focus for Apple.
Photo: Ste Smith/Cult of Mac

Apple shares have rebounded some from the company’s holiday season slump, but its $787.6 billion market cap has a way to go before it’s back at the $1 trillion level it hit last summer.

Analysts at Morgan Stanley have a suggestion for turning things around, however. They think that Apple’s Services division could see Apple once again take its place in the exclusive trillionaires club.

Enjoy Apple Music on American Airlines without buying Wi-Fi

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Apple Music on American Airlines
Forget downloading your playlists before takeoff.
Photo: Apple

Starting Friday, Apple Music subscribers can enjoy the service on domestic flights with American Airlines without purchasing Wi-Fi.

Complete access to the service and its more than 50 million songs will be available on flights equipped with Viasat satellite Wi-Fi. American Airlines is the first commercial airline to offer the service.