Apple Slides After Revenues Drop For 4th Straight Quarter On Unexpectedly Large China Weakness
But the move is not nearly big enough to decide the fate of the nascent year-end rally.
ZeroHedgeTyler Durden

#ZeroHedge: "...what the market did not like (again) is that this was another quarter without revenue growth and the 4[th] consecutive quarter of annual revenue declines: the first time for AAPL since 2001."

"Looking at the revenue breakdown, Apple missed across several product categories, while reporting an in line print in the all important iPhone segment:

  • IPhone revenue $43.81 billion, up 2.8% y/y, and just barely beating estimates of $43.73 billion (unclear how much of the new iPhone model benefit is to be accounted for in the quarter which ended Sept 30 when the phone was released just day ahead of quarter end)
  • Mac revenue $7.61 billion, -34% y/y, missing estimates of $8.76 billion
  • IPad revenue $6.44 billion, -10% y/y, beating estimates of $6.12 billion
  • Wearables, home and accessories $9.32 billion, -3.4% y/y, missing estimates of $9.41 billion
  • Products revenue $67.18 billion, -5.3% y/y, missing estimates of $67.82 billion"