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