FIRST AIRED: October 26, 2016

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>> Apple needing the iPhone 7 to perform more than ever as Tuesday it marked its first annual revenue decline since the dot com bubble burst in 2001, with its third quarter in a row of 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. Reuters 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's 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 would be particularly good in holiday quarter.
>> As for the China market, Apple's most important outside the US, revenue their drop nearly 30% similar to the previous quarter's drop. As for any benefits from rival Samsung exploding Note 7, Apple says it's impossible to know yet the impact.