Well, it could’ve been much worse.
Apple reported its first-quarter earnings (its fiscal year starts in October) today, Jan. 29. Investors and analysts had braced for a tough quarter, after the company announced earlier in the month that it would miss the revenue target it set on last quarter’s earnings call. Apple originally had said it expected to generate between $89 billion and $93 billion in the holiday quarter, but revised its estimate target down to $84 billion—about $4 billion less than it generated in the same quarter in 2017.
The company recorded sales of $84.3 billion in the holiday quarter, slightly higher than its second estimate, but still quite a drop over the same period last year.
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