Apple earnings call: largest quarterly revenue in its history, $46.3 billion


Apple’s quarterly earnings call surmising sales during the fourth quarter has ended, and the outcome is as we all expected: records were broken and the company has reported its largest revenue period in history. Here’s a quick breakdown of where all the money came from.

  • iPhones sold: 37.04 million (up 128-percent year over year)
  • iPads sold: 15.43 million (up 111-percent y.o.y.)
  • Macs sold: 5.3 million (up 26 percent y.o.y.)
  • iPods sold: 15.4 million (down 21-percent y.o.y.)
  • Total revenue this quarter: $46.3 billion

That’s the largest ever quarterly revenue reported by a company in history, and beats its third quarter earnings by 73-percent.

According to COO Peter Oppenheimer, Apple tremendously surpassed its own expectations for this quarter, much of which is thanks to its iPhone, iPad, and Mac sales. Oppenheimer says the international rollout of the iPhone 4S, holiday sales of the iPad and increasingly enterprise adoption in both these segments has hugely spurred growth.

To that end, it’s clear that the iPhone 4S was the right product to launch this past year. CEO Tim Cook addressed this, saying iPhone sales far exceeded Apple’s projections—which he called “bold”—and that the manufacturer had been short of supply through the quarter.

In response to questions about tablet competition (and names were named: the Kindle Fire), Cook reaffirmed his belief in the iPad standing above the rest. “The ecosystem for the iPad is in a class by itself,” he says. “This [the iPad] is a huge opportunity for Apple over time and I really believe that there will come a day that the tablet market, in units, is larger than the PC market.” He mentioned that the iPad easily surpasses apps over the competition, also pointing out that he doesn’t “see these other tablets and e-readers doing as well… people won’t settle for them” because they truly aren’t as multifunctional.

“We’re just going to continue to innovate like crazy in this area,” he says.

So now Apple will have to ask itself: what to do with all that money? Oppenheimer says that Apple is constantly discussing what to do with its cash balance (which stands at $97.6 billion, an increase of $16 billion since last year). When asked to specify what that means, the COO said when there’s something to announce, Apple will let us know. He noted the company is “not letting [the money] burn a hole in our pockets.”

The question on everyone’s mind is likely Apple TV, to which Cook would only say “in the scheme of things we still classify this as a hobby.” He noted Apple sold 1.4 million of the devices last quarter, an Apple TV quarterly record. 

Home Theater

There isn’t a single good reason to buy Apple’s new AirPods

After nearly a three-year wait, Apple has finally announced a new version of its popular true wireless headphones, the AirPods. We had high hopes for vast improvements, but that's not what we got.

5G's arrival is transforming tech. Here's everything you need to know to keep up

It has been years in the making, but 5G is finally becoming a reality. While 5G coverage is still extremely limited, expect to see it expand in 2019. Not sure what 5G even is? Here's everything you need to know.
Movies & TV

HBO’s Deadwood movie rustles up a trailer and a release date

This spring, HBO's long-awaited Deadwood movie will explore what happened 10 years after the events of HBO's award-winning drama, giving the series a finale 13 years after the show was canceled.

It’s time to check out the best Apple Watch deals for March 2019

The Apple Watch has surged to prominence in recent years. If you're in the market for an iOS wearable, we've sniffed out the best Apple Watch deals available right now for all three models of this great smartwatch.

These are the must-have games that every Xbox One owner needs

More than four years into its life span, Microsoft's latest console is finally coming into its own. From Cuphead to Halo 5, the best Xbox One games offer something for players of every type.

Need a quick battery boost? Try one of our favorite portable chargers

Battery life still tops the polls when it comes to smartphone concerns. If it’s bugging you, then maybe it’s time to snag yourself a portable charger. Here are our picks for the best portable chargers.

Apple patent suggests Apple Watch bands could have built-in fitness indicators

Apple may be exploring ways to make Apple Watch bands a little more useful. A new patent has been filed by Apple that suggests Apple Watch bands could eventually have indicators for things like fitness goals.

Type away on the best iPad keyboard cases, from the Mini to the Pro

Whether you're looking to replace your laptop with a tablet or merely want to increase your typing speed, a physical iPad keyboard is the perfect companion to the iPad. Check out our top picks for every available iPad model.

Apple patents hint at improved Apple Store and unboxing experiences

It looks like Apple is working on ways to improve the Apple Store and product unboxing experiences. The company has been awarded a few patents, largely for tech that can be used in product packaging to ensure products stay charged.
Home Theater

Here’s how to watch Apple’s March 25 product reveal event live

It's almost here: Apple's much anticipated March 25 event, where it is widely expected to announce several streaming services, including on-demand and live TV with original programming. Here's how to watch it live.
Movies & TV

Apple’s next big event is set for March 25: Here’s what you can expect

Apple's next big event takes place on March 25 in Cupertino, California. The company is expected to make several announcements related to its services, including Apple TV, so follow our guide to get ready for the big event.

Got gadgets galore? Keep them charged up with the 10 best USB-C cables

We're glad to see that USB-C is quickly becoming the norm. That's why we've rounded up some of the better USB-C cables on the market, whether you're looking to charge or sync your smartphone. We've got USB-C to USB-C and USB-C to USB-A.

This is the easiest way to save your iPhone data to your computer

Living in fear of losing your contacts, photos, messages, and notes on your iPhone? Fear no more -- in this guide, we'll break down exactly how to back up your iPhone to your computer using Apple's iTunes or to the cloud with iCloud.

Here are the best iPad Pro keyboard cases to pick up with your new tablet

The iPad Pro range can double as laptops, but they do need proper keyboards to fill in effectively. Thankfully, there are loads to choose from and we rounded up the best iPad Pro keyboard cases right here.