lowing the release of its [fiscal] Q2 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 from the call below.
Apple on Tuesday disclosed its [fiscal] Q2 2019 earnings report, offering a look at its performance over the past 3 months. During the quarter, the company says it raked in $58 billion. That’s a hair over the $57.5 billion Wall Street analysts expected, and about 5% less than the $61.1 billion it reported in Q2 last year.
Apple’s recently-announced settlement with Qualcomm didn’t come cheap, according to UBS analyst Timothy Arcuri. In a research note released Thursday, Arcuri said the iPhone-maker likely paid between $5 and $6 billion to put a stop to the bevy of legal battles between the two companies.
Following Hulu, Directv NOW and other streaming services, YouTube TV announced today that it will be increasing its price to $50 per month, and $55 per month for customers billed through Apple. That’s a significant hike, considering the original YouTube TV plan cost just $35 per month.
Apple on Tuesday disclosed its [fiscal] Q1 2019 earnings report, offering a look at its performance over the past 3 months. During the holiday period, the company says it pulled in $84.3B in revenue, a decline of 5% from the year-ago quarter.
After spooking investors with its shock warnings of a revenue miss attributed mainly to a China slowdown, Apple will officially report the numbers for the lucrative holiday quarter on Tuesday, January 29.
Apple on Wednesday issued a revision for its fiscal Q1 2019 earnings, lowering its revenue expectations from $89 billion to $93 billion down to ‘approximately $84 billion.” Tim Cook made the announcement in an open letter to investors, and trading halted on the news.