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Total subscriptions numbers up 16% QoQ. https://t.co/qFV07zZraB
— Ben Bajarin (@BenBajarin) July 30, 2019
.@munster_gene on Apple earnings: China rebound was the positive surprise, down only 4% yy vs. down 20% in Mar-19. Sounds like the company was more aggressive on price and trade-ins in China to stimulate demand. $AAPL
— CNBC's Fast Money (@CNBCFastMoney) July 30, 2019
Apple Card will "roll out" in August. Limited at first. Not everyone who wants one will be able to get one. Will ramp up over time. https://t.co/vFAnZP2m2E
— Steve Kovach (@stevekovach) July 30, 2019
Apple earnings for the quarter are out -- iPhone revenue going down slightly, but wearables and services are up. You can start to see the shape of the business to come: flat-ish phone sales with growth in all the subscriptions baked into it https://t.co/3kbL3RRQ2p
— nilay patel (@reckless) July 30, 2019
Apple CEO @tim_cook says Apple’s wearables and servces businesses together are up to a Fortune 50 company in sales. That’s Prudential Financial with $63 billion in revenue on this year’s @FortuneMagazine Fortune 500 list.$AAPL
— Aaron Pressman (@ampressman) July 30, 2019
Apple earnings:
— Dave Lee (@DaveLeeBBC) July 30, 2019
- Profits down $1.4bn on same quarter last year
- For first time since 2012, iPhone sales now account for less than half of overall revenue
- Services (non-hardware) strong: revenue up $1.3bn
Kidding not kidding: imagine how much bigger the wearables & accessories number would have been if Apple had actually managed to make AirPowerhttps://t.co/i4Zp8Kor7e
— Dieter Bohn (@backlon) July 30, 2019
There are now 420M paid subscriptions across Apple's platforms.
— Neil Cybart (@neilcybart) July 30, 2019
Tim Cook: Apple Pay completing nearly 1 billion transactions per month. #AppleEarnings
— Lance Ulanoff (@LanceUlanoff) July 30, 2019
Tim Cook said iPhone sales in retail and online stores returned to growth in the month of June.
— Alexei Oreskovic (@lexnfx) July 30, 2019
Luca just mentioned Apple TV+ as helping to drive momentum in Services revenue.
— Neil Cybart (@neilcybart) July 30, 2019
The latest sign that Apple TV+ will indeed be a paid service and not just free for Apple users.
The iPhone generated less than half of Apple’s revenue last quarter, the first time that’s happened since fall of 2012. Huge growth from Wearables Etc. (Apple Watch, AirPods) that outpaced Services by half a billion dollars. via @qz https://t.co/A7H5WsqAZx
— Dan Frommer (@fromedome) July 30, 2019
Apple fiscal Q3 revenue:
— Alexei Oreskovic (@lexnfx) July 30, 2019
iPhone: Down 11.8% y-y
Mac: Up 10.6%
iPad: Up 8.4%
Wearables: Up 48%
Services: Up 12.6%
Tim Cook on earnings call now. Very happy with Wearables category - sales up to $5.5bn from $3.7bn.
— Dave Lee (@DaveLeeBBC) July 30, 2019
Those gains helped Apple post FYQ3 total revenue that just beat its year ago number ($53.81B vs $53.27B) $AAPL
— Roger Cheng (@RogerWCheng) July 30, 2019
Apple's 4Q18 revenue guidance:
— Neil Cybart (@neilcybart) July 30, 2019
$61B to $64B
My expectation: $62B to $64B
(pretty good guidance from Apple)
Tim Cook on Apple's 3Q19: “This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends."
— Neil Cybart (@neilcybart) July 30, 2019
We are very early in this call, but Tim Cook is going real hard about Apple's business bouncing back in China.
— Neil Cybart (@neilcybart) July 30, 2019
Apple total subscriptions up 55% YoY.
— Ben Bajarin (@BenBajarin) July 30, 2019
270m in June Q 18
420m in June Q 19
Just wait until Apple TV+ launches. https://t.co/TR5NuZCWJM
Apple Pay adding more new users than PayPal. Monthly transaction volume growing 4x as fast.
— Neil Cybart (@neilcybart) July 30, 2019
Apple reported $4.3B of R&D expense last quarter - that's more than the amount Apple spent on R&D in 2010 and 2011 combined. The iPad was launched in 2010.
— Neil Cybart (@neilcybart) July 30, 2019
Wearables - AirPods, Apple Watch - really took off. Look at that. https://t.co/wJZIHdEaqR
— Charles Arthur (@charlesarthur) July 30, 2019
Look at this trend. Apple makes more on wearables now than anything besides iPhone and services.
— Christopher Mims ? (@mims) July 30, 2019
And how much services revenue will be driven by wearables in the future?
The "next iphone" is here. It's all this crap we're strapping everywhere else on our bodies. https://t.co/wS1hZpx1Zs
Though the fastest-growing segment is actually called “Wearables, Home and Accessories”. I mean, it *could* mean lots of HomePods sold. Probably doesn’t, but. pic.twitter.com/tNDjtkDPOC
— Charles Arthur (@charlesarthur) July 30, 2019
Apple has recorded revenue of $53.8bn in the quarter ending in June, 1% more than a year ago and ahead of the $53.4bn expected by analysts in a Refinitiv poll — and delivered upbeat guidance for the rest of 2019 despite iPhone sales decrease. https://t.co/Ey5puVWPwG
— Financial Times (@FinancialTimes) July 30, 2019
Apple's fastest growing business both in terms of percentages and absolute terms:
— Neil Cybart (@neilcybart) July 30, 2019
WEARABLES
Lots of optimism around the Apple Watch, AirPods and services as the iPhone now makes up less than half of sales (for first time since Q4 2012). But those new products all rely on the iPhone (for now), so it’s ironic to point to iPhone-tied products as replacing the iPhone.
— Mark Gurman (@markgurman) July 30, 2019
Meanwhile, Apple saw at least double digit decline in iPhone volumes as the demand continued to wane inspire of price correction on iPhone XR in many markets, China remains an issue. Without price correction it would have been worse ~$2B hit but timely correction saved some $$.
— Neil Shah (@neiltwitz) July 31, 2019
Apple's quarterly non-iPhone revenue (everything other than iPhone) exceeded iPhone revenue for the first time in seven years.
— Neil Cybart (@neilcybart) July 30, 2019
Apple now has $210.6 billion in cash on hand https://t.co/pRnsxTuMyV
— Oluyomi Ojo (@OluyomiOjo) July 30, 2019
Apple Card will launch in August.
— Neil Cybart (@neilcybart) July 30, 2019
Apple iPhone revenue in FYQ3 fell to $25.99B from $29.47B a year ago. Mac, iPad, wearables and services all saw gains from 2018. $AAPL
— Roger Cheng (@RogerWCheng) July 30, 2019
And related: Wearables business now bigger than iPad and Mac. https://t.co/2LdENnoTwn
— Steve Kovach (@stevekovach) July 31, 2019
iPhone revenue: still huge, but down for third straight quarter. iPhone revenue was less than half of Apple's total revenue this quarter. pic.twitter.com/TvLa41K57j
— Six Colors (@bleedsixcolors) July 30, 2019
This is an important milestone (in a backwards way) for Apple as it means that they have a legitimate path to (real) growth again in the next couple of years as iPhone can be flat or down, negated by services/wearables rise. https://t.co/OhJ0fkPDGl
— M.G. Siegler (@mgsiegler) July 30, 2019
Apple repurchased $17B of shares in 3Q19 through open market purchases. Pretty aggressive especially compared to 1Q19 and 2Q19 trends (looking only at open market purchases).
— Neil Cybart (@neilcybart) July 30, 2019
Tim Cook just made quite a statement about acquiring Intel’s modem business IP. Now over 17,000 wireless patents in Apple hands…
— Ben Bajarin (@BenBajarin) July 30, 2019
Owning and controlling the most important parts of Apple’s products.
Apple Q3 2019: Un-doomed AF.
— Rene Ritchie (@reneritchie) July 30, 2019
“This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends” — @tim_cookhttps://t.co/UNbtBHGyOO
Apple and doom https://t.co/NVgRtt3hD4
— The Loop (@theloop) July 31, 2019
This sentence is absolutely brilliant: "One thing that Apple has always been good at is being doomed"https://t.co/tEJyYIAp0D
— Alex Mihăileanu (@subiectiv) July 31, 2019
Apple hits $53.8 billion in revenues for Q3 2019, up 1% year over year #Apple #revenue https://t.co/WFWri5JYLu pic.twitter.com/CqBvFv27rW
— Neowin (@NeowinFeed) July 30, 2019
Facebook wants to build brain-controlled wearables – TechCrunch https://t.co/axoUFEWN90 pic.twitter.com/0Vk1jgHUc3
— Rich Tehrani (@rtehrani) July 31, 2019