>> Apple needing the iPhone 7 to perform more than ever as Tuesday it marks its first annual revenue declines since the dotcom bubble burst in 2001 with its third quarter in a row slumping iPhone sales. The latest quarter ending September 24th is the first one to give a glimpse of the success of the iPhone 7, that would only include two weeks of sales.
The iPhone is key to Apple's money machine making up two-thirds of the company's revenue. Reuter's San Francisco Bureau Chief, Peter Henderson.>> Apple is relentlessly positive about the response to their iPhones. So the best that you can do is look at the numbers. Try to figure out whether there is a lot of supply constraint in there.
Apple didn't release its first weekend sales numbers for the iPhone 7 and they didn't give a pure iPhone 7 number in the report either nor a forecast. So we don't know exactly how iPhone 7 is doing. We just have to interpret from the fact that they're saying that sales will be particularly good in the holiday quarter.
>> As for the China market, Apple's most important outside the US revenue there drop nearly 30% similar to the previous quarters drop. As for any benefit from rivals Samsung exploding Note7's, Apple says it's impossible to know yet the impact.