“As corporate winning streaks go, Apple has been on a pretty good one: 14 straight years of revenue growth,” Chris O’Brien reports for VentureBeat.
“The company will likely confirm that this streak has come to an end when it reports fourth-quarter earnings tomorrow. For the fiscal year 2016, ending Sept. 30, analysts’ estimates anticipate that Apple will disclose $215.67 billion in annual revenue,” O’Brien reports. “That would be down from the $233.72 billion it reported for fiscal year 2015.”
“It’s incredible to think one has to go all the way back to 2001 to find any decline, when the company reported $5.36 billion in revenue, down from the $7.98 billion revenue it reported in 2000,” O’Brien reports. “That’s also a reminder of just how puny Apple was at that point: The drop in annual revenue for 2016 could be about three times Apple’s total revenue in 2001.”
Read more in the full article here.
MacDailyNews Take: iPhone is a major portion of Apple’s revenue. The extra revenue fueled by Apple’s delivery of properly-sized iPhones with iPhone 6 caused a spike in revenue that was tough to beat with the iPhone 6s, even if it were not handicapped with Apple’s stupid “S” naming scheme. The outperformance of iPhone 6 was an anomaly. Apple will return to YOY revenue growth in fiscal 2017 which has already begun as of late September.