Tim Cook, Apple CEO presents the report
Credit: news.com.au
Apple reports first year-over-year revenue decline in 13 years & the Web lights up with predictions of its demise.
Time for a reality check:
● revenue $50.6 billion1
● profit $10.5 billion1
● revenue exceeded those of Alphabet & Microsoft combined
● iPhone revenue alone exceeded either competitor's total sales
● Apple has $232 billion cash
No need to start organising the funeral just yet!
http://betanews.com/2016/04/27/can-we-dispense-with-the-apple-is-dead-meme-other-ceos-would-lose-a-limb-to-have-a-bad-quarter-like-this/
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1 MacRumors: "Apple Reports First Year-Over-Year Revenue Decline Since 2003: $10.5B Profit on $50.6B in Revenue", http://www.macrumors.com/2016/04/26/q2-2016-earnings/ / Apple's fiscal second quarter 2016 earnings conference call like attending a funeral eulogy Hell iTunes replay CEO Tim Cook Apple's performance Apple reported its first revenue decline in 13 years iPhone sales fell first time ever Q3 guidance few billion short Wall Street company mints money revenue $50.6 billion Alphabet Microsoft Apple's $10.5 billion net income iPhone generated more revenue competitor's total sales Apple quarter $232 billion cash horde perception analysts investors leadership inspiration magic Apple brand good will goodwill Steve Jobs' fiscal Q3 pruning channel inventory /
