Intel Corp (INTC)

[morrowinder]

Ouch: Apple Forecasts First Sales Drop Since 2003 on iPhone Slowdown

"Apple Inc. is forecasting a sales decline for the first time in more than a decade, adding to evidence that the market for smartphones is becoming saturated and threatening the company’s unprecedented run of success.
Revenue in the first three months of the year will be $50 billion to $53 billion, Apple said Tuesday, the first quarterly drop since 2003 and below analysts’ estimates for $55.5 billion. That follows a holiday quarter in which overall sales and iPhone shipments fell short of projections, reinforcing concerns that Apple is reaching the limits of iPhone growth and that a push in China won’t make up for a slowdown in the rest of the world -- a sentiment that’s fueled a stock slide of 20 percent in the past six months. The shares were little changed in extended trading following the report."

http://www.bloomberg.com/news/articles/2016-01-26/apple-forecasts-first-sales-drop-since-2003-on-iphone-slowdown