It might be the most beautiful drop of $7 billion in earnings, ever. Apple’s Q2 earnings report showed a sharp downturn compared to last quarter, but investors aren’t worried. It’s not that the company performed poorly. It’s that last quarter was the stuff of legends and the decline was expected, possibly even necessary.
When compared to the all-important year-over-year statistics, Apple is up $11.6 billion.
iPhone dominated the revenue-generation for the company again, accounting for 58%. iPad followed at 17%.
As this graphic shows, it’s business as usual in Cupertino.