9secondkox2 said:
And Here come the psychoses fueled stock analyses.Probably, but the numbers are well within what any reasonable person should have expected.
I considered a new iPhone for Christmas but prices across the board were too high to justify a purchase. I'm sure many, many people were in a similar situation.
Mac revenue was down but, post pandemic, that is understandable too.
If we are going to call this 'a miss' it's because that's what it is, but not to the point of management even needing to prepare the markets beforehand. Everyone in the industry is suffering from the same underlying issues.
The 'good' news is that given the prolonged nature of the forecast downturn, Apple might drop prices or get aggressive on promotions.
iPhone 14 Plus component orders near zero, amid low demand
Tim Cook: iPhone manufacturing is the main reason for earnings miss