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Re:Apple Reports Record First Quarter Results by retromario on Wednesday February 01, 2017 @09:41AM (#13541017)
From CFO Maestri on the Q&A call with analysts: "2:15 pm: We had the benefit of a 14th week, but this was offset by several factors including less channel fill than last year and a one-time $548 million patent judgment receipt last year."

http://www.macrumors.com/2017/01/31/q1-2017-results/

Re:Apple Reports Record First Quarter Results by toyg on Wednesday February 01, 2017 @12:43PM (#13542932)
Channel fill is fairly irrelevant (whose fault is it that your distributors don't want more of your stuff "just in case"?) and the cash is also fairly irrelevant - what matters for momentum is the number of units shifted and that's lagging everywhere except iPhones (and, if you trust them, the Watch).