"Since Mac is 11% of revenue and 7% of profit, the refresh is unlikely to move the needle. However, the new Touch Bar demonstrates Apple's ability to develop new user interfaces."

All times Eastern. And that's a wrap. Three tentpoles: New TV app; New MacBook Pros; new Touch Bar. To me, the messaging about the MacBook line seemed a…
New Macs are coming today. Some of the old Macs won't be here tomorrow.
Read More MacBook dilemma: Which of its babies is Apple going to kill?
Cramer, who listens to a lot of earnings calls and knows the usual rules of decorum, was particularly put off by Milunovich’s query to the CEO of the world’s most valuable company...
Read More Video: Watch Jim Cramer trash the 'cabal' of Apple analysts
None of the analysts who follow Apple covered themselves with glory this time around.

My guess: Brief reaction to better-than-expected revenue guidance, followed immediately by profit-taking.
"We think the sell-off creates an attractive entry point for investors given fundamentals are largely intact..."
Read More Apple's September results: What the analysts are saying

Revenues, profits and unit sales were down year over year across the board.
The Apple analysts' estimates—as complete, accurate and up-to-date as I can make them.
Read More Apple Earnings Smackdown: Final spreadsheet, Q4 2016
2 Comments