He said right now Apple is tracking two components for Apple TV+ revenue: paid subscribers and Apple TV+ bundle subscribers, or people who bought an eligible Apple device and redeemed a free year of Apple TV+ service.
Cook attributed Apple's "highest quarterly revenue ever" to the latest iPhones, as well as "all-time records for Services and Wearables".
The company no longer reports the unit sales of its different product lines, but we can still track general trends by looking at net sales.
Q2 guidance was wider than usual.
Fiscal-first-quarter revenue: $US91.8 billion. Analysts expect a turnover of $ 88.5 billion. In the same period one year ago, the company posted revenue of $US84.3 billion.
These were the details of the news Apple rides high on iPhone sales comeback for this day. Analysts expected $US51.5 billion. Hardware sales reached $79.1 billion and Services came in at $12.7 billion.
The company reported $91.8 billion in revenue for the quarter, up 9 per cent from a year earlier.
"Since over 30 percent of iPhone sales in India is generated from e-commerce sites like Flipkart and Amazon, the company wants to time the India launch around the launch of new iPhones", sources close to the development was quoted by the newspaper. But as far as iPhone SE2 is considered, Apple might have to postpone its launch from March 2020 to the end of the second quarter.
A rising stock price didn't stop Apple from remaining an aggressive buyer of its stocks: $ 20 billion was spent on buybacks in the December quarter, compared to $ 18 billion in the September quarter.
As Cook noted, Apple priced the video service aggressively at just $4.99 per month, undercutting competitors like Netflix and Disney+.
Apple Pay's transactions and revenue rose again by over 100% annually, with the annual execution rate for transactions now exceeding $ 15 billion.
That's more than the 1.4 billion active devices that Apple reported for its ecosystem a year ago.
Analyst Yoram Wurmser of the research firm eMarketer welcomed "a strong quarter for Apple, primarily driven by strong sales of the iPhone 11 lineup". "One note of caution in an otherwise strong report was that Services, which includes Apple TV+, grew slightly below expectations".
Despite the minimal contribution from Apple TV+, Apple said its service revenues totaled $12.7 billion, up 17% year over year.