Illustration by Alex Castro / The Verge
Apple today reported its fiscal fourth quarter 2019 earnings, which saw the company earn a record $64 billion in revenue. The news reflects the general trend with Apple over the past year: iPhone sales are down, but service revenue hit an all-time high. In other words, Apple’s strategy to de-emphasize hardware sales and bet more on subscription services seems to be working.
That $64 billion in revenue is up 2 percent year over year compared to Q4 2018, with quarterly earnings per diluted share of $3.03, up 4 percent from Q4 2018.
But iPhone sales — still Apple’s biggest moneymaker — continued to decline compared to last year, bringing in $33.36…