Apple has missed all of their revenue and earnings targets in a big way for this quarter. The stock is down almost 7% in after-hours. They are quickly becoming a mature tech company, a sure death knell in the tech sector. First time in 13 years overall revenue dropped, and first time ever iPhone sales decreased.

They need to find the next big thing and fast. Hello Tony Blevins.

Thiis sums it up pretty nicely.

"investors basically have to hope Apple’s willingness to borrow huge sums against its overseas cash and use it to pay them off will continue. Because there’s little here suggesting growth is coming relatively soon."