Apple’s Q1 beats lowered estimate as iPhone sales drop 15%

Apple’s results were in line with lowered guidance that CEO Tim Cook provided on Jan. 2, when the company said a significant slowdown in China and supply constraints are limiting growth. Read more…

Apple Metrics from Conference Call:

Paid subscribers to Apple Music: 50 million

Apple News readers in the United States, United Kingdom and Australia: 85 million (up from 70 million in 2016).

Apple Pay transactions doubled to 1.8 billion in 2018.

Installed base of Apple devices: 1.4 billion, up 100 million from a year earlier, including 900 million iPhones.

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