Takeaways From Apple's Earnings Miss

Apple published its Q2 FY’16 earnings on Tuesday, posting a larger than expected decline in revenues and earnings, amid falling iPhone shipments (down 16% year-over-year), weak sales in greater China (down 26%), currency headwinds and a tough comparison with Q2 FY’15. The outlook for Q3 also remains lackluster, with the company guiding for declines in both sales and gross margins. Below we provide some of the key takeaways from the company’s earnings release and what they could mean for Ap...