14826-apple-logo-1366x768-computer-wallpaper (1)Apple’s fiscal fourth quarter earnings have been released,   Apple’s revenues of $46.9 billion are in lne with the modest expectations of analysts; earnings per share of $1.67 beat expectations.  However, the company has reported their first YoY revenue decline since the iPhone was first introduced.

Revenues were off nearly $9 billion vs. last year.  The stock is down in after-hours trading.

Apple’s top markets included the Americas, Europe and Greater China, in that order.  All of Apple’s hardware sales were down YoY.  Here’s the company’s product sales figures:

  • iPhones: 45.5 million units, $28.1 billion in revenue (off versus expectations)
  • iPad: 9.3 million units, $4.2 billion in revenue (off versus expectations)
  • Macs: 4.8 million units, $5.7 billion in revenue (off versus expectations)
  • Services (including Apple Pay, Apple Care): $6.3 billion in revenue
  • Other (including Apple TV, Apple Watch, Beats products): $2.4 billion in revenue

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Tim Cook, Apple’s CEO, has indicated that iPhone 7 demand was quite strong and that it was outstripping supply.  He promised that the company’s revenue growth would return to normal in fiscal Q1.

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