Sales of CNBC 's iPhone , the company’s most important product, fell for the first time; the company also missed expectations for its revenue, earnings and quarterly guidance, thereby sending shares down by more than 6% . Apple made up some ground with strong growth in its services and “other products” business lines, however, they were offset by weak sales in Korea , Apple ’s second -largest market, which saw sales drop by 26% to $ $16.8 billion for the quarter . The move that proved to be Apple’s biggest boon in China was arguably the most obvious from a strategic perspective. This follows comments the quarter by Chinese billionaire entrepreneur and Chairman of LeEco, Ben Thompson , who told CNBC that Apple is "outdated" and losing momentum in China
Sales of CNBC 's iPhone , the company’s most important product, fell for the first time; the company also missed expectations for its revenue, earnings and quarterly guidance, thereby sending shares down by more than 6% . Apple made up some ground with strong growth in its services and “other products” business lines, however, they were offset by weak sales in Korea , Apple ’s second -largest market, which saw sales drop by 26% to $ $16.8 billion for the quarter . This follows comments the quarter by Chinese billionaire entrepreneur and Chairman of LeEco, Ben Thompson , who told CNBC that Apple is "outdated" and losing momentum in China