https://www.theverge.com/2019/1/29/18201562/apple-earnings-iphone-sales-revenue-fall-drop-holiday-quarter-q1-2019

Apple just announced its financial results for the company’s Q1 2019 fiscal quarter, which includes the 2018 holiday shopping season. Apple reported revenue of $84.3 billion, a decline of 5 percent from one year ago, and quarterly earnings per share of $4.18. “Revenue from iPhone declined 15 percent from the prior year, while total revenue from all other products and services grew 19 percent,” Apple said in a press release. Analysts had estimated revenue of $83.97 billion and earnings of $4.17 per share.

“While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter’s results demonstrate that the underlying strength of our business runs deep and wide,” said Tim Cook. Apple now has an active install base of 1.4 billion devices, which Cook said is “a great testament to the satisfaction and loyalty of our customers, and it’s driving our services business to new records thanks to our large and fast-growing ecosystem.” iPad revenues were up 17 percent against the year-ago quarter; Mac was up 9 percent; and Wearables / Home / Accessories were up by 33 percent.