The expectation was $2.00 EPS, Apple reported $1.90. AAPL is down in after-hours trading right now, at 95.91 from 104.35 at market close (as of 5:20 PM). This

The expectation was $2.00 EPS, Apple reported $1.90. AAPL is down in after-hours trading right now, at 95.91 from 104.35 at market close (as of 5:20 PM). This is a significant earnings report as it's the first to break 13 years of continuous growth. Revenue was down 13%. • Q2 EPS: $1.90, down 22% YoY, versus expectations of $1.99 • Q2 revenue: $50.6 billion, down 13% YoY, versus expectations of $52 billion • Gross margin: 39.4% versus 40.8% last year and expectations of 39.47% • iPhone unit sales: 51.2 million, down 17% YoY, versus expectations of 50.7 million • iPhone ASP: $644.25, down 2% YoY, versus $651 expected • iPad unit sales: 10.2 million, down 19% YoY, versus expectations of 9.4 million • Mac unit sales: 4.03 million, down 11% YoY, versus expectations of 4.6 million • Q3 revenue guidance: $41 billion and $43 billion, versus expectations of $47.35 billion