Many analysts had a “better than feared” response to Apple’s earnings, largely breathing a sigh of relief despite a revenue decline, lower profit and downbeat outlook.
Analysts also mostly shrugged off that Apple for the first time was no longer including unit sales for iPhone, iPad, and Mac. Apple did, however, reveal the profitability of its services business.
It had issued a downtrodden pre-announcement on Jan. 2 with a revenue warning and mostly blaming China.
