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
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.
No surprises here — these numbers are exactly in line with Apple’s warning at the beginning of the month. For those who are concerned that Apple is too reliant on its iPhone business, these numbers should be a positive sign.