The new Apple Watch Series 5.

Enlarge / The Apple Watch Series 5 has an always-on display thanks to new and improved display internals. (credit: Valentina Palladino)

Apple's quarterly earnings calls have fallen into a predictable pattern for the past year or two: iPhone revenues are declining year-over-year, and the Mac mostly remains stagnant, but every other one of Apple's businesses—wearables and services most notably—are ballooning.

That was the case again with Apple's Q4 2019 earnings report today; iPhones were down, but the company posted its highest revenue ever in a September quarter thanks to good performance from services like the App Store, AppleCare+, and Apple Pay, as well as strong iPad and Apple Watch sales. Total revenue was $64 billion.

Apple revealed during the proceedings that the iPhone 11 (sans Pro) is now its best-selling phone, and that iPhone revenue was $33 billion—a 9% decline over the same quarter the previous fiscal year, albeit an improvement over the 15% decline the company saw in the previous three quarters this year. (That improvement is very likely accounted for by the launch of the iPhone 11 and its ilk mid-September, just before the quarter ended.)

Read 9 remaining paragraphs | Comments