NEWS
iPhone revenue dips nearly 10 percent, but wearables come to the
rescue. Michael Simon reports
W
ith the all-important holiday quarter looming
and the launch of the Apple TV+ video-
streaming service (see page 63 ), Apple has
declared that it’s weathering the iPhone downturn just
fine. For its final fiscal quarter of 2019, Apple posted
revenue of $64 billion, an increase of 2 percent from
the year-ago quarter and representing the upper end
of its guidance, and quarterly earnings per diluted
share of $3.03, blowing away estimates.
Apple Q4 2019 earnings
NEWS
iPhonerevenuedipsnearly 10 percent,butwearablescometothe
rescue.MichaelSimonreports
W
iththeall-importantholidayquarterlooming
andthelaunchoftheAppleTV+video-
streamingservice(seepage 63 ),Applehas
declaredthatit’sweatheringtheiPhonedownturnjust
fine.Foritsfinalfiscalquarterof2019,Appleposted
revenueof$64billion,anincreaseof 2 percentfrom
theyear-agoquarterandrepresentingtheupperend
of itsguidance,andquarterlyearningsperdiluted
shareof$3.03,blowingawayestimates.