Interesting revenue makeup from Apple’s earnings release.
Overall revenue up 7 percent y/y; iPhone revenue up 3 percent y/y; and the only negative is a 10 percent y/y decline in China – sixth straight quarter down in the country. Tim Cooke a little more upbeat on China, however.
The iPhone made up 55 percent of the company’s revenue for the quarter with services now gernerating 16 percent.
Market likes it. Stock up over 5 percent in after hours.