Yesterday Apple revised down its guidance for the fourth calendar quarter, admitting that—due to a variety of factors—the company had “fewer iPhone upgrades than we had anticipated.” Apple now expects its revenue to be down about 5 percent from the same quarter the previous year.
Congratulations, nay-sayers! You stuck with it for… [checks calendar]… ten years of iPhone shipments and you’re finally a little bit right. This quarter will not be a record. It’ll “only” be Apple’s second-best in history.
