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Apple Reports Revenue Decline for First Time in 15 Years

Apple says it was caught off guard by demand for the iPhone 7.
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Apple ( (AAPL) - Get Report ) says it was caught off guard by demand for the iPhone 7. The tech giant says the holiday quarter, which we are in now, will show the full impact of iPhone 7 sales. Still, Apple shares are under pressure as it reported the first annual revenue decline in 15 years. Services, like the app store, Apple Music, and Apple Pay was the only product segment going up. Chipotle Mexican Grill ( (CMG) - Get Report ) is still struggling to win back customers after a food borne illness scare last year. It's profit fell 95% and same store sales were down 22%, worse than expected. Chipotle is also not moving forward with its 'Shophouse' restaurant concept, which focused on Thai cuisine. Panera Bread ( (PNRA) ) though topped Wall Street estimates and raised its full year guidance. Recent steps at Panera including its digital platform and healthier menu have helped boost sales.

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