Apple’s stock fell nearly 6 per cent in late trading, indicating investors weren’t satisfied with the report. Apple's current-quarter revenue outlook of $49 billion to $51 billion, came in on the low end of the FactSet Research Systems consensus of $50.9 billion.

Hello Mr. Blevins...

“When you look at the next big wave of innovation, in coming years, it’s not going to come from smartphones,” said analyst Angelo Zino of S&P Capital Markets, who said phones are already becoming “commodity” items, even with Apple dominating the high end of that market. “So a lot of people want to see if Apple can roll out a new product that’s very successful and innovative.”