Apple Reports Slight Decline in Revenue But Record Earnings in Q1 FY19

On Tuesday, Apple [NASDAQ: AAPL] reported mixed results in its first quarter financials for fiscal year 2019. The company had $84.3 billion in quarterly

On Tuesday, Apple [NASDAQ: AAPL] reported mixed results in its first quarter financials for fiscal year 2019. The company had $84.3 billion in quarterly revenue, a 5 percent decline year-over-year, missing the company's estimates for the quarter. The company's earnings, however, hit a new record for the company at $20.0 billion, or $4.18 diluted earnings per share, a 7.5 percent increase year-over-year. On the January 29 earnings call, Apple CEO Tim Cook attributed the revenue decline compared to guidance to four factors: different iPhone launch timing, foreign exchange rates, supply constraints on some products and changing economic conditions in emerging markets, particularly in Greater China....

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Dana E. Neuts

Dana Neuts is Subscription Insider's Editorial Director, covering our daily subscription news as well as member features, case studies, premium content, and reports. Dana is also a writer, editor, marketer and communications professional. Her work has appeared in AARP Bulletin, The Seattle Times, Seattle Business, 425 Business, 425 Magazine, South Sound Magazine, Northwest Travel and more. Her specialties include business writing, community news, senior issues, travel and, of course, subscriptions!