The one silver lining in Apple's earnings report: iPhone SE demand

Apple on Tuesday announced its quarterly earnings, and, for the first time since 2003, the company made less money than it had in the same quarter of the previous year

Even though Apple warned investors back in January this was going to happen, it can’t be easy for investors to see a 13-year growth streak come to an end.

As everyone knows, the only number that really matters when it comes to Apple's financials is iPhone sales. And in that case, the company sold 51 million devices. That’s an incredible number, but it's still down 18% from the same period in 2015. Read more...