As long as earnings wasn't less than already reduced guidance, everything is awesome!
this is pretty funny. guidance was revised down for earnings and as long as it didnt get worse than the already reduced expectations, everything is awesome. including a huge plunge in revenues.
Meanwhile, for those curious just how bad Apple's China revenues were, the answer is the following: very. Because while Apple reported a modest drop in Japan and European sales, the 26.7% plunge in China revenue fully explained the company's guidance cut, with the drop in China sales amounting to nearly $5 billion (from $18BN to $13.2BN)
i dont think this is supposed to be a good sign for them