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	<title>q4 2018 earnings &#8211; EFR Technology Group</title>
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	<title>q4 2018 earnings &#8211; EFR Technology Group</title>
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		<title>Apple&#8217;s wearables and services businesses keep on growing</title>
		<link>https://www.efrtechgroup.com/tech/apples-wearables-and-services-businesses-keep-on-growing/</link>
		
		<dc:creator><![CDATA[Randall]]></dc:creator>
		<pubDate>Wed, 30 Oct 2019 20:57:00 +0000</pubDate>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[earnings]]></category>
		<category><![CDATA[gear]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[personal computing]]></category>
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		<category><![CDATA[q4 2018 earnings]]></category>
		<category><![CDATA[Tech]]></category>
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					<description><![CDATA[[ad_1] For that matter, wearables will also likely continue its steady growth pattern, seeing as how the Apple Watch Series 5 had only just arrived when the quarter ended. Between that and the new AirPods Pro, this is another category that should continue being a winner for Apple. The gains in wearables and services helped [&#8230;]]]></description>
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<p>For that matter, wearables will also likely continue its steady growth pattern, seeing as how the Apple Watch Series 5 had only just arrived when the quarter ended. Between that and the new AirPods Pro, this is another category that should continue being a winner for Apple. The gains in wearables and services helped Apple to an overall two percent revenue growth year-over-year; the company pulled in $64 billion all told. Apple did say that this was the biggest fourth quarter they&#8217;ve ever had, so it&#8217;s not like things are terribly grim here. </p>
<p>The reason that growth wasn&#8217;t bigger is largely because iPhone sales slipped this quarter &#8212; but like with the Apple Watch, the iPhone 11 and 11 Pro were only sale for few weeks, so we&#8217;re not going to see their true impact until three months from now. Total iPhone revenue of $33.4 billion was down 9 percent from a year ago. This marks four consecutive quarters where iPhone earnings were down compared to the previous year, cementing the last generation of iPhones as ones that didn&#8217;t really resonate with consumers as well as past models. </p>
<p>On the other hand, the iPad had a fairly successful quarter and year, with revenue jumping 18 percent year-over-year. In an opposite trend to the iPhone, iPad revenue has increased year-over-year for four consecutive quarters now &#8212; it seems the focus Apple put on refreshing its tablet lineup has moved the needle, even though the $4.7 billion in iPad revenue for the quarter makes it the smallest of the product categories Apple reports on. </p>
<p>Finally, the venerable Mac dropped slightly; revenues of $7 billion were down four percent over a year ago. With the Mac Pro and rumored 16-inch MacBook Pro redesigns waiting in the wings, some of Apple&#8217;s power users may be waiting to upgrade; it seems the refreshed MacBook Pro and Air from the summer didn&#8217;t quite move the needle in any major way. </p>
<p>Apple&#8217;s quarterly earnings call with investors will kick off at 5PM ET; we&#8217;ll be listening and will update this post with anything else we learn.</p>
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<br /><a href="https://www.engadget.com/2019/10/30/apple-q4-2019-earnings/">Source link </a></p>
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