FYI: Investors had been gearing up for a tough quarter from Apple.
Well, it came in worse than expected. Apple’s profit and revenue both fell short of analysts’ expectations. And its guidance for the current quarter came in below Wall Street’s forecasts. The quarter also marked the first time iPhone sales fell and the first time since 2003 that revenue declined.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2016/04/26/apples-tough-quarter-in-5-charts/