Yes, high level, revenue was down 4.5%. But you have to understand why. Basically, China fell off a cliff. If China were good or even mediocre, Apple would have had at worst, flat revenue overall. Then people would just be crying Apple didn't make yet another record revenue quarter.
The fact is, China was down $4.8B. That's crazy and notable. Apple did $88.1B last year and $84.3B this year. Add another $4.8B to revenue and you have another record breaking quarter and Apple hits guidance.
So yeah, growth is in the red, but it's JUST for iPhone and it's MAINLY China. That matters.
Non-iPhone biz was up 19% and several markets like the US and Asia Pacific were up. Germany, Italy, Spain, Korea, Netherlands, Mexico, etc were all up too.
Now iPhone is a big deal, certainly, but this isn't a situation people are leaving Apple in droves or there is a competitor product killing the iPhone. This is basically market saturation, people keeping devices longer, and China. They certainly aren't leaving Apple. Active base went from 1.3B to 1.4B devices and Apple noted they have a 90% loyalty rate on iPhone.