Apple reported results for the first three months of the year on Tuesday, and the numbers weren’t pretty. Sales declined for the first time since 2003 as revenue of $50.6 billion slid 13% from the same period a year earlier. Sales of iPhones slipped along with most of Apple’s other products.
Wall Street analysts quickly offered their views of Apple’s (aapl) future prospects. Here are some excerpts:
Anil Doradla, William Blair & Co.
Timothy Arcuri, Cowen and Co.
Steven Milunovich, UBS
Brian White, Drexel Hamilton
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Ben Schachter, Macquarie Capital
Laura Martin, Needham & Co.
James Cordwell, Atlantic Equities
For more about the iPhone slump, watch:
Michael Walkley, Canaccord Genuity
Andy Hargreaves, Pacific Crest Securities
Andrew Uerkwitz, Oppenheimer & Co.