Apple iPhone not dead, but resting (despite screams from Wall St)
Oh noes, Apple iPhone sales crashed in Q2: The results were worse than analysts expected. And it doesn't look like the mid-price iPhone SE will help, at least in Q3.
[Developing story: Updated 9:59 am PT with more comment]
Revenue reduced, profit plummeted, unit-sales unraveled. In a way, this was foreseen, but few on Wall St. guessed quite how big the fall actually was.
Is this the end of the line for the iPhone? Unlikely, but investors need to stop hoping for continued growth, as if AAPL was some sort of never-ending Ponzi scheme.
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