Apple's corporate winning streak has reached record levels. With 14 consecutive years of revenue growth the company can be proud of its dominance in its sector technologys, between very strong opponents.
But the company will probably confirm that this series has come to an end when it officially announces the fourth quarter earnings.
For the 2016 financial year, which ended on September 30, analysts' estimates predicted Apple would reveal 215.670.000.000 dollars as annual revenue, while 2015 had announced 233.720.000.000 $.
Of course, there is always the possibility that sales of the new iPhone 7 will make a huge surprise, but it really has to be a huge surprise.
This drop was probably expected, given that the company on two has reported lower revenue for consecutive quarters of the year due to declining iPhone sales.
Of course, as we have seen, none of these seems to bother investors, who have raised Apple's share of 11% over the past six months. So the stock of the company is currently costing 116,60 dollars.
Here, let us mention that this fall and its possible causes were reported by the iGuRu.gr on 27 April of 2016.
For the we had spoken earlier. So in the April 27 publication we mentioned:
Apple's Jobs seems to be a story. The new Apple, as a Tim Cook company, continued to enjoy the glories and brand awareness that Jobs created.
A brand name inherent in the innovation, smart products and design that was ahead of its era.
In Tim Cook's time, innovation is called Apple Watch, iPhone SE, or rose gold Colour;
Apple should stop being that child of Jobs and become the mom of new innovative products that will make her regain her old glory. (Does the story remind you of today's Greece?)
Otherwise; The numbers unfortunately are relentless ...
