Apple today announced financial results for its fiscal 2019 first quarter ended December 29, 2018. The Company posted quarterly revenue of $84.3 billion, a decline of 5 percent from the year-ago quarter, and quarterly earnings per diluted share of $4.18, up 7.5 percent. International sales accounted for 62 percent of the quarter’s revenue.
Revenue from iPhone declined 15 percent from the prior year, while total revenue from all other products and services grew 19 percent. Services revenue reached an all-time high of $10.9 billion, up 19 percent over the prior year. Revenue from Mac and Wearables, Home and Accessories also reached all-time highs, growing 9 percent and 33 percent, respectively, and revenue from iPad grew 17 percent.
This makes the quarter Apple’s second-best ever, and the company now has 1.4 billion active devices in the world.
John Voorhees at MacStories, with a reminder (emphasis mine) of the change to Apple’s results this time around:
In the year-ago quarter (Q1 2018), Apple earned $88.3 billion in revenue. During that quarter Apple sold 77.3 million iPhones, 13.2 million iPads, and 5.1 million Macs. As announced on Apple’s last earnings call, the company did not report Q1 2019 unit sales for any of its products.
In an interview with Reuters, Tim Cook said that prices in some markets will come down:
When you look at foreign currencies and then particularly those markets that weakened over the last year those (iPhone price) increases were obviously more. And so as we’ve gotten into January and assessed the macroeconomic condition in some of those markets we’ve decided to go back to more commensurate with what our local prices were a year ago in hopes of helping the sales in those areas.
The Six Colors boys make a good point:
Apple’s also rejiggered its categories a bit starting this quarter. “Other Products” is gone, replaced by “Wearables, Home and Accessories”. Which, this quarter, is pretty much as big a business as the Mac.
— Six Colors liveblog (@sixcolorsevent) January 29, 2019