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Apple: Coronavirus concerns offset record Q1 iPhone and wearable sales

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Fresh off reporting record earnings of $91.8 billion for the holiday quarter, Apple CEO Tim Cook and CFO Luca Maestri used a conference call with financial analysts to offer additional details on the health of the company’s business at the beginning of 2020 — arguably the strongest point in its history, as measured in both dollars and devices. But the potential impact of the coronavirus that is spreading in China is clearly weighing heavily on the company’s leadership.

Beyond blowing past its own revenue estimates and those of analysts, Cook and Maestri underscored that there are now 1.5 billion active Apple devices, up 100 million for the quarter, with 98% customer satisfaction across all three iPhone 11 models. Cook noted that the $699 iPhone 11 was Apple’s top selling model every week during the quarter, and all three of the 11-series phones were the company’s top sellers.

Asked about the topic of 5G iPhones, Cook demurred, suggesting that 5G is “in the early innings” without confirming that it was preparing to release devices. Regardless, he said, “we couldn’t be prouder of our lineup, and wouldn’t trade our position for anybody,” subtly underscoring the continued strong performance of iPhones in most markets despite their lack of 5G support. In response to another question, Cook noted that 5G’s rollout isn’t happening at the same pace in every geography, hinting that that company may have regionally different strategies for its devices this year.

While Apple saw roughly $4 billion in year-over-year iPhone growth, the smaller wearables and services businesses enjoyed steeper percentage jumps, each jumping around $2 billion over prior numbers. The wearables category alone is now the size of a Fortune 150 company, setting all time revenue records in virtually every market Apple tracks around the world, and over 75% of customers purchasing during the quarter were new to Apple Watch. Cook confirmed that both the $199 Apple Watch Series 3 and $249 AirPods Pro are presently supply constrained, which is to say that demand for each product is higher than the company can match.

The company is concerned, however, about the potential impact of China’s Wuhan coronavirus on both its production and sales. In addition to offering a wide ($63 to $67 billion) range of revenue estimates for the coming quarter, which it attributed to risks related to the virus, Maestri and Cook suggested that the company has already closed one retail store in China due to the issues, and is actively cleaning other stores to keep them safe for guests. Additionally, device production that was to have resumed after the Lunar New Year has been modestly pushed back into the second week of February.

Thanks in part to the growing size of its installed device base, revenues from services were up 17% over last year, Cook noted, with double-digit growth in all five geographies, and growth across all of the services Apple offers. The App Store had a particularly strong December, and a new record of $386 million in spending on New Year’s Day alone. That said, the company didn’t have hard numbers to report for Apple TV+, Apple Arcade, or Apple News+ beyond to suggest their subscriber numbers are growing. Unsurprisingly, Apple Pay’s revenues are up, and transactions more than doubled year over year, with a $15 billion run rate.

On the computer front, while the iPad and Mac numbers were down a little year over year, Maestri characterized them as essentially flat, and Cook noted that the iPad grew in emerging markets. The year-over-year comparisons for iPad and Mac were “tough,” Maestri said, because there had been major new model launches in the year ago quarter, though Cook said that the new 16″ MacBook Pro, modular Mac Pro, and Pro Display XDR released during the quarter had all enjoyed a “strong response” from the professional creative community.



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5 amazing products at their lowest prices

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— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission.

Happy Monday! In my humble opinion, there’s no better way to start the week than hunting down a good deal. Not only can you get something you’ve been eyeing for a while at an incredible price, but there’s also a little excitement knowing a package will be arriving for you sometime during the week. Today’s deals are particularly exciting because you can find some of our top-tested products at their lowest prices including robot vacuums, Lodge cast iron skillets, and Roku streaming sticks. Check out all the ways you can save today.

Love a good deal?: Sign up for our weekly deals newsletter. It’s free and you can unsubscribe any time.

1. Lowest price: The best affordable robot vacuum on the market

2020 is the year I’ve decided to become a little more cleaner and organized, but being as busy as I am, the cleaning part—specifically vacuuming enough—has been left in the dust. But with a nifty robot vacuum, I could get it to do my dirty work for me before I can do a weekly (err, monthly) deep clean. Plus, you don’t even have to spend too much to get a great one. Right now, you can get our favorite affordable robot vacuum for $70 off in the color white, which is also the lowest price we’ve seen since the holidays. We love the Eufy RoboVac 11S for its great cleaning power and reasonable price, which is even more reasonable thanks to this deal.

Get the Eufy BoostIQ RoboVac 11S for $159.99 (Save $70)

2. Under $10: Our favorite cast iron skillet

Cast iron pans are a game-changer in the kitchen. Not only can you use them on the stovetop but they can also go in the oven or on the grill, making them a versatile piece of cookware. Lodge makes the best cast iron cookware, and right now you can get this popular 8-inch skillet for just $8 and the lowest price we’ve ever seen. It’s an ideal size for baking smaller desserts or cooking a meal for one.

Get the Lodge Cast Iron 8-Inch Skillet for $7.99 (Save $2)

3. $20 off: The best affordable streaming stick

During the colder seasons, there’s nothing I want to do more than binge-watch Disney+ or Netflix and avoid going outside. For the best binge-watching experience, you’re going to want a good streaming stick to watch it on the small screen as opposed to your laptop. The Roku Streaming Stick+ is the best affordable media streaming device we’ve ever tested. It offers 4K or HDR content and has an amazing interface, which means it’s probably better than the streaming interface your Smart TV currently has Right now, you can get it for $20 off, which is its second lowest price.

Get the Roku Streaming Stick+ for $39 (Save $20.99)

4. 25% off: The best packing cubes for traveling

The most stressful part about any trip is packing. You need to figure out how you’re going to fit everything in your suitcase, and how you’re going to find what you’re looking for without making a mess once you’ve reached your destination. That’s where packing cubes come in and this set from eBags is the best one we’ve ever tested. Right now, you can get the three-piece set 20% off and the six-piece set for 25% off if you clip the on-page coupon, which is the lowest price we’ve ever seen for either. If you have any big trips planned for 2020, this deal is for you.

  • Get the eBags Three-Piece Packing Cube Value Set for $23.99 (Save $6)
  • Get the eBags Six-Piece Packing Cube Value Set for $33.74 (Save $11.25)

5. Lowest price: Our favorite classic rolling pin for baking and more

I love baking cooking, pizza making, and the like, but for some reason, I still don’t own a proper rolling pin—and let me tell you, a wine bottle just doesn’t cut it. But now is the time to finally get one because the best classic rolling pin we’ve ever tested is down to its lowest price of just $8. We love how comfortable the pin felt in our hands (read: no hand cramps) and that it was seamless to achieve the desired thickness of the dough. It’s honestly the perfect pin for any kitchen, especially at this price.

Get the Farberware Classic Wood Rolling Pin for $7.99 (Save $10) 

The product experts at Reviewed have all your shopping needs covered. Follow Reviewed on Facebook, Twitter, and Instagram for the latest deals, reviews, and more.

Prices were accurate at the time this article was published but may change over time.



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Is There A Dangerous Link Between Corona Virus & 5G Technology? with Ole Dammegard & Special Guests

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News reports from China indicate the Corona virus is impacting virtually everything including the much debated 5G roll out, but is there a deeper connection between the feared outbreak and the controversial next generation tech?

Ole and I are joined EMF technology expert Olle Johansson and military technology expert Cody Snodgres.

Don’t miss today’s episode of Light On Conspiracies with Ole Dammeagard on SubscribeStar and Patreon

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POCO X2 Malayalam Review | Tech One Malayalam

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