Wednesday, April 27, 2016

Apple’s dark day: What it means - The Boston Globe

Check the full article for a summary of factors leading to Apple's first quarterly revenue drop since 2003; a stock buy-back of $175B will probably help a bit

"For 52 consecutive quarters Apple’s growth went in only one direction: up. Now that impressive streak is over, broken by a second-quarter performance in which the tech titan reported revenues falling 13 percent from the previous period.

Though Apple still raked in nearly $51 billion in sales, the earnings report laid bare several important truths about a company that once seemed invincible:"
Apple’s dark day: What it means - The Boston Globe
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