The iPhone now makes up less than half of Apple’s business
Apple today reported its fiscal third quarter 2019 earnings, earning $53.8 billion in revenue and earnings per share of $2.18. That revenue is a 1 percent jump year over year. iPhone revenue was $25.99 billion compared to $29.47 billion a year ago. That means the iPhone represented under half of Apple’s revenue for the first time since 2012.
The all-important services unit took in $11.46 billion in revenue. Wearables saw a big boost, likely thanks to Apple’s second-generation AirPods. CEO Tim Cook said that when the services and wearables / home / accessories divisions are combined, they approach the size of a Fortune 50 company. Revenue from Mac sales was $5.82 billion, and iPads were $5.023 billion, up from $4.634 billion last year at...