There’s no single factor that explains Apple’s record earnings in the holiday quarter. The reality with a company of Apple’s size will always involve multiple elements, some of which will be rather mundane.

Services revenue, for example. Sure, the story Apple would like to point to is the glitz of its latest high-profile launch, Apple TV+, but there’s almost nobody paying for it at this point. The largest single contributor of Services cash will likely be the billions that Google pays to be the default search engine on iOS devices. A further significant chunk will come from the equally boring AppleCare policies, iCloud storage tiers, and the like.

But I think there is also a more exciting aspect to it…

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Apple shares are up 2% in pre-market following an earnings beat that included better-than-expected iPhone sales.

Whereas most analysts predicted Apple’s holiday quarter revenue would hit somewhere in the $88 billion range, the company reported $91.8 billion. In a quarter that spanned October 1st through December 31st, or 92 days. That means Apple (almost) averaged $1 billion in revenues per day.

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Sensor Tower: Nintendo hits $1 billion in player spending on mobile, led by Fire Emblem Heroes

Nintendo continues to see success with its lineup of mobile games on iOS and Android. According to new data from Sensor Tower, Nintendo has now generated more than $1 billion in lifetime revenue from player spending through the App Store and Google Player.

Apple CEO Tim Cook has never commented on future, unannounced Apple products, but that doesn’t stop investors and analysts from trying ever quarter. During Apple’s Q1 2020 earnings call today, Cook was again asked about Apple’s plans for 5G.

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Apple’s Wearables business continues to grow substantially every quarter. During Q1 2020, Apple reported Wearables revenue of $10 billion, setting an all-time revenue record and surpassing the Mac for the first time.

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Report: Apple to begin online hardware sales in India during Q3 2020

Apple is reportedly set to open an online store in India this year. According to a new report from TechCrunch, Apple’s currently goal is to launch online hardware sales sometime during the third quarter of this year.

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