Apple's corporate winning streak has reached record levels. With 14 consecutive years of revenue growth, the company can boast of its dominance in the technology sector, among very strong rivals.
But the company will likely confirm that this streak has come to an end when it officially announces its fourth-quarter earnings tomorrow.
For the 2016 fiscal year, which ended on September 30, analysts' estimates predict that Apple will reveal $215.67 billion in annual revenue, while in fiscal year 2015 it had announced $233.72 billion.
Of course, there's always the possibility that the sales of the new iPhone 7 will be a huge surprise, but it really should be a huge surprise.
This decline was probably expected, given that the company has reported lower revenue for two consecutive quarters of the year, due to falling iPhone sales.
Of course, none of this seems to bother investors, who have pushed Apple's stock up about 11% over the past six months, to $116.60.
Here we should mention that this particular drop and its possible causes were reported by iGuRu.gr on April 27, 2016.
about the causes earlier. So in the publication of April 27th we mentioned:
Jobs' Apple seems to be history. The new Apple, as a company led by Tim Cook, continued to enjoy the glories and brand recognition that Jobs created.
A brand name intertwined with innovation, smart products, and design that was ahead of its time.
In the era of Tim Cook, is innovation called Apple Watch, iPhone SE, or rose gold?
Apple should stop being Jobs' child and become the mother of new innovative products that will make it regain its former glory. (Isn't the story reminiscent of today's Greece?)
Otherwise? Unfortunately, the numbers are relentless..
