Apple reported revenue of $64 billion, with a profit of $13.69 billion.
$33.36 billion came from the iPhone
$6.99 billion came from the Mac
$4.66 billion came from the iPad
$12.5 billion came from services
$6.52 billion came from accessories, home, and wearables
Origin: appleinsider – Notes of interest from Apple’s Q4 2019 earnings report and conference call
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- Apple is predicting revenue in the holiday quarter of between $85.5 billion and $89.5 billion
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- Gross margin for the first fiscal quarter of 2020 is expected to be between 375% and 38.5%
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- Apple executed $18 billion in share repurchases, and doled out $3.5 billion in dividends
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- For reference, Apple reported $84.3 billion in the first quarter of fiscal year 2019 —after it revised downward – MW
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- Tim Cook: Greater improvement in revenue trends in Greater China
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- Massive growth in Apple Pay, with greater growth rate versus PayPal
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- Starting later this year, customers can pay for an iPhone directly from Apple Card over 24 months
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- Q4 revenue records for wearables in every tracked market
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- 17% growth in iPad Pro, ongoing momentum of lineup
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- Tough compare to last year’s fourth quarter because of release cycle, but highest annual revenue from Macs ever over fiscal year
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- No new info on Mac Pro release
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- Overall success with annual revenue records in US, Germany, Poland, Canada, Korea, Philippines, Vietnam, and more
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- Luca Maestri: Foreign exchange negatively impacted revenue by $2 billion
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- Year over year in China has become more favorable in every quarter in FY19, 19% in first quarter to 2% in fourth quarter
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- Services gross margin, 61.4%
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- Active installed base of iPhone all-time high in each geographical segment
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- Business buyers – 83% plan to buy iPhones
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- All markets Services grew double-digit percentages
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- Services is 20% of the revenue mix, 33% of gross margin mix
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- Double-digit growth of paid Services accounts in every market in the quarter, 450M accounts, versus 330M year-ago-quarter
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- More than 35,000 subscription apps, largest is 0.25% of total services revenue
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- Best quarter ever for AppleCare
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- Over 5000 authorized service centers (including BestBuy)
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- MacBook Air best product in the quarter for revenue.
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- More than half Mac purchasers new to Mac
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- Active install base of Mac at an all-time high
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- Same for iPad with more than half new to iPad
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- Wearables, etc grown by AirPods, Beats, Apple Watch
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- Record revenue in every tracked market
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- More than 5x the iPhone trade-in volume versus 2018
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- At 5:29 PM Eastern Time, AAPL is up $4.33 per share after-hours – MW
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- Apple products being used for the US census with CDW
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- Over $1B negative headwind in foreign exchange predicted for holiday quarter and incorporated in estimates
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- Nancy Paxton is retiring after 93 earnings calls, over 30 years with Apple