Following the release of its [fiscal] Q1 2019 financial results, Apple’s CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about the company’s performance over the past 3 months. As usual, we’ve rounded up some of the more interesting points for you below.

  • 1.4 billion active devices
  • Now more than 360 million paid subscribers across Apple services
  • Services revenue reached an all-time high of $10.9B
  • Apple Music surpassed record 50 million subscribers during the December quarter
  • Apple Pay saw 1.8 billion transactions
  • Apple News set record of over 85M monthly active users
  • iPad revenue up 17% Year-over-Year
  • Wearables business approaching size of Fortune 200 company
  • Now 506 Apple Stores across 22 countries
  • Revenue in China dropped 26.7% YoY
  • International sales accounted for 62% of the quarter’s revenue
  • Revenue from iPhone declined 15% YoY
  • Apple is projecting [fiscal] Q2 2019 revenue of $55B – $59B, down from $61.1B YoY
  • Tim Cook says customers are holding onto iPhones longer than ever
  • Cook on original video content “We’ve hired some people we have a super amount of confidence in. We’ll have more to say on that later.”

Despite the miss on revenue and lower-than-expected iPhone sales, Apple’s stock price is up 6% in after-hours trading. If you’d like to listen to a replay of the earnings call, you can find it here for a limited time.