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The sky is not falling on Apple or the iPhone

Judging from the apocalyptic response to its Q1 2016 salary, Apple’s era of dominance is coming to a close. Positive, there’s reason for doom and gloom: iPhone sales limped to their slowest increase since the iPhone was once presented in 2007, and Apple warned income will decline for the primary time in Thirteen years.

In Truth, this fixation on slowing iPhone gross sales misses a a long way rosier picture: Apple clients are doing Extra with their gadgets — much more.

A buying machine

This is not the primary time analysts have fled Apple’s stock. Again in 2013, involved about (stay up for it!) slowing iPhone sales, Wall Street traders pummeled Apple’s stock, sending it right into a 30.5 % free-fall over the 12 months.

On the one hand, this is perfectly reasonable, given Apple’s reliance on the iPhone to drive top- and backside-line increase. But it is also somewhat silly, for the reason that long game closely depends on services, an area in which Apple’s trade is soaring.

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