Apple misses estimates for the iPhone, but still made more money than in 2017

Apple is having a pretty good quarter. The company has announced its fourth-quarter 2018 earnings, showing earnings that beat Wall Street estimates, thanks largely to the heightened average selling price of the iPhone.

While Apple sold about as many iPhones as it did in the fourth quarter of 2017, the iPhones it did sell were more expensive, basically meaning that the company made far more than it did with the same number of units last year. The average selling price of the iPhone came in at $793 — up 28 percent compared to 2017’s fourth quarter. The company sold 46.89 million iPhone units in the fourth quarter of the 2018 fiscal year, which didn’t quite hit the 47.5 million units expected.

Interestingly, Apple also announced that it would stop providing data related to the number of units it sold. That’s to say, it will no longer announce how many iPhones it has sold, though it will say how much it made from iPhones. It’s possible Apple has chosen to stop reporting on unit sales due to slowing sales in some market segments, though Apple argued that the decision was because earnings were more important than unit sales anyway.

The iPhone isn’t the only contributor to such high Apple earnings results. Alongside the new iPhone series, Apple also took the wraps off of the new Apple Watch Series 4, which has received excellent reviews since its release. Apple’s gadgets category, which includes AirPods and the Apple Watch, reached $4.23 billion in revenue, which is an increase of 31 percent over last year.

Services is another segment that Apple is doing well in. Services include things like Apple Pay, Apple Music, iCloud, and the App Store, and reached $9.98 billion, which is also up from last year, by 17 percent. Still, that’s not quite as high as what Wall Street estimated at $10.2 billion. Overall, Apple’s revenue hit $62.9 billion, more than the $61.57 billion forecast.

Despite excellent financial results, there is some cause for concern. The rising prices of Apple devices really just offset slowing sales — so while Apple may have made more money than previous years in many segments, it did not sell quite as many devices.  Because of that, by the time of this writing Apple shares had fallen 4 percent.

It’s likely Apple’s first quarter of the 2019 fiscal year will be pretty stellar, too. The company recently took the wraps off of a new MacBook Air and Mac Mini, both of which were long overdue updates, and will likely perform well in the holiday season as the new iPhone and Apple Watch will likely do, too. Apple is expected to make between $89 and $93 billion during the holiday season, which is up from the $88.3 billion revenue for the first quarter of 2018.

Mobile

Amazon zaps prices on Anker iPhone wireless chargers, USB, and portable chargers

Amazon cut prices of a variety of iPhone-compatible Anker chargers for one-day deals. The selection includes wireless chargers, wall chargers, and portable chargers. Whether you're buying gifts or for yourself, these deals save up to $18.
Mobile

These 100 best iPhone apps will turn your phone into a jack-of-all-trades

The iPhone is the most popular smartphone in the world, and we want to bring out the best in yours. Behold our comprehensive list of the best iPhone apps, from time-saving productivity tools to fun apps you won’t be able to put down.
Mobile

Check out 30 of the best iPhone games you need to be playing this month

The iPhone has some of our favorite games available for any mobile platform. Here are the best iPhone games for every big-name genre, whether you're into puzzles, strategy, or something else entirely.
Mobile

T-Mobile and Sprint could sell their prepaid business to get merger approval

T-Mobile and Sprint are getting closer to merging. After a few failed attempts, the two companies announced their merger at the start of 2018. The new T-Mobile could be better positioned to take on the likes of Verizon and AT&T.
Mobile

Grab it as soon as it pops up: The OnePlus 7 Pro is now available for sale

The OnePlus 7 Pro has been revealed, and it's a monster of a phone with a stunning redesign, a pop-up selfie camera, powerful flagship specs, and a price that's hundreds of dollars less than the competition.
Mobile

Mad U.K. retailer slashes 99% off Google Pixel 3a price for a few lucky buyers

The Google Pixel 3 and Pixel 3 XL are considered to be two of the best Android smartphones, but it looks like Google could be prepping a midrange line. Say hello to the Pixel 3a and Pixel 3a XL.
Mobile

The Realme X is so cheap and so good that it defies the rules of economics

The Realme X has a 48-megapixel camera, an in-display fingerprint sensor, an AMOLED screen, and a Snapdragon 710 processor, yet it costs from $220. We've tried out the phone to see if it's too good to be true.
Mobile

How to use recovery mode to fix your Android phone or tablet

If you’re having a problem you can’t seem to resolve with your Android device, or maybe you want to update it or wipe the cache, recovery mode could be what you’re looking for. Here's how to get your Android phone into recovery mode.
Home Theater

Why you can’t buy Car Thing, Spotify’s first hardware device

Spotify created a voice-activated, in-car device that lets you listen to music and podcasts. But Car Thing, as it is known, is not for sale. Instead, it will be used to gather data from a limited set of customers.
Social Media

Be the master of your own Insta-verse with multiple Instagram accounts

Whether you own a small business or have separate Instagram accounts for your five cats, we'll walk you through the process of switching between your multiple accounts on your Apple or Android devices.
Mobile

Can Apple or Samsung steal the OnePlus 7 Pro's flagship killer title?

OnePlus has long been the go-to for flagship specs under a flagship price. But now Apple and Samsung have challengers in the arena, and they want the Flagship Killer crown for themselves. Who wins? We found out.
Deals

Turn your Apple tablet into a laptop with one of these iPad keyboard cases

A keyboard case serves to both protect your iPad and give you a set of laptop keys. You don’t have to shell out tons of cash for a good one, either; if you’re looking for a way to turn your iPad into a 2-in-1 laptop, check these deals…
Mobile

Google Pixel 4 will reportedly ditch physical buttons and display notch

The Google Pixel 4 will reportedly feature massive design changes, including the removal of clickable power and volume keys in favor of capacitive touch areas. The smartphone is also said to be dropping the display notch.
Deals

Here’s one thing you need to do before giving your child a smartphone or tablet

Monitoring your kids' digital habits can be a challenge in today’s high-tech age, but great parental control software like Qustodio gives parents a much-needed advantage. Learn how you can protect your child from online dangers.