Mobile + telecom
Highlights of the day: Apple reports strong earnings

Apple has reported record earnings for its fiscal 2019 fourth quarter, fueled by accelerating growth from its services, wearables and iPads. Apple is expecting strong growth for its fiscal 2019 fourth quarter, but it remains to be seen how much momentum will coming from its new iPhone 11 series and freshly-launched AirPods Pro. Its iPhone 11 series has seen better-than-expected sales, but market observers believe annual iPhone sales will no longer be able to return to the peak seen in 2014 when iPhone 6 was released. Wearables are likely to continue shoring up Apple's profitability, but AirPods Pro shipments are estimated to account for only a small portion of the vendor's overall earbuds shipments in 2019.

Apple reports strong earnings for fiscal 4Q19: Apple has posted revenues of US$64 billion for its fiscal 2019 fourth-quarter ended September 28, an increase of 2% from the year-ago quarter, with quarterly earnings per diluted share reaching US$3.03, up 4%.

New iPhone sales may soon hit ceiling, supply chain facing quotes reduction pressure: Sales of the new iPhone 11 series have been stronger-than-expected but may hit the ceiling soon, which may eventually create pressure for supply chain partners to cut quotes, according to industry sources.

AirPod Pro shipments estimated at 2 million units in 2019: Shipments of Apple's just-unveiled AirPods Pro are estimated at only two million units this year, according to industry sources.

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