Apple beat earnings at $4.17 compared to last years $3.89. Most importantly, Apple has a media announcement planned for March 25 th, which will add to the growing services revenue.Įarnings reported on January 29 th, 2019 were more encouraging than anticipated following the lowered guidance. Apple Music is also now the number one streaming service in the United States over Spotify and closing the gap globally with 53M subscribers vs 83M subscribers. There are many positives to Apple’s story beyond the iPhone, with a wearables business up over 50%, cloud services up 40%, and Apple News readership at 85 million active monthly users. With the iPhone’s release, Apple not only became one of the biggest companies in the world, but it also has more cash reserves than most countries’ GDP at $285 billion.

The iPhone altered the United States economy, creating a thriving developer ecosystem while 87 percent of smartphone profits despite selling 18 percent of all smartphone units.

The invention has sold over 2.2 billion units with an average price tag of $793. One quick glimpse at the stock chart history and it’s easy to see something important happened in 2008. Of course, the iPhone is Apple’s force extender. Many of these pivots were executed beautifully, with the most recent one being Apple Music, which took a majority of market share in music streaming within 4 years in the United States. The company has undergone many pivots successfully from computers to improved operating systems, to iPods, iPhones, app stores and music services. Share this: Share on Facebook Share on Twitter Share on Linkedin Share on Redditĭebuting in 1980, Apple is nearing its 40 th anniversary on the stock market.

Apple billion active users