Apple's Q1 FY19 Earnings Call: Strong Service Business, Cook Admits iPhone Prices Are Too High, And More

During Apple's Q1 2019 earnings call, CEO Tim Cook shared some data on the company's revenue and comment his view on certain subjects.

Among them, Apple News has a monthly active user base of 85 million. with the availability of Apple News business in several countries plays a key role. Apple Pay's business expanded strongly, with a transaction volume of 1.8 billion in 2018, a 100% year-on-year increase. Cook also mentioned that the Apple Music currently has 50 million paid subscribers.

While during today's call, Apple CEO Tim Cook was asked whether he thought that the pricing of the iPhone XR, XS, and iPhone XS Max was too high, in which he says that it's an issue in some emerging markets, and plans to rethink iPhone prices outside of US. The company has determined to go back to pricing that's "more commensurate" with what local prices were last year to boost sales. (Via Reuters)

Finally, Cook says that they will participate in original content and cable bundle, which he claims it will take place at a much faster pace this year through ways like the Apple TV, third-party television sets via AirPlay 2, which he pointed towards Apple's work on the original content that's expected to launch this year, and plans to offer to users through its TV app.

Image Via Macworld
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