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Apple announced its Q3 results last week, and its momentum continued into this generally quiet quarter, with revenue growth of 33% and Net Income growth of 38% YoY. Both of these were ahead of Q2, of Apple’s guidance, and of Wall Street’s consensus. However the company’s share price promptly dropped 7% on iPhone sales that fell short of Wall Street’s (inflated) expectations, and on lower than anticipated guidance for Q4. Underlying this were concerns about a slowing Chinese economy, and that Apple’s 112% YoY growth in greater China cannot be sustained. Tim Cook did not seem to agree!
There has been the usual flurry of comments in the media, and as before I have gathered the numbers into a more accessible format, with my personal commentary and analysis. The last iteration again proved very popular: this one has a number of new data points, including my take on Apple Watch shipments, which is of course illuminating.
Here you will find a redacted version of the slides as a taster - not all the colours are showing on Slideshare. If you would like access to the full pack, contact me on firstname.lastname@example.org