Apple reports a blowout Q1 2020, but names coronavirus as a worry for the next quarter

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  The introduction of Apple AirPods Pro played a key part in driving a strong quarter for Apple. [credit: Apple ]

Based on the latest Apple quarterly earnings report, it seems that Apple's newer iPhone models have been a hit, along with the fast-selling Apple Watch and AirPods Pro (pictured above) devices. Critically, the quarter included holiday sales of of the new iPhones introduced in 2019 (iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max).

CEO Tim Cook and his associates told investors on today's earnings call that revenue is up 9 percent to a total of $91.8 billion. The iPhone grew 8 percent to make up $55.96 billion of that.

The product category that includes the Watch, AirPods, and Beats earned $10 billion this quarter. Cook bragged that those three products would together match a "Fortune 150 company." The category earned $7.3 billion in the same quarter last year. Also, CEO Tim Cook said on the investor call that more than 75 percent of people who bought Apple Watch devices during the quarter were new to the product.

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