It's Wednesday, January 27th.

Welcome to Market Foolery.

I'm Chris Elle joining me in studio today

from Stock Advisor Canada, Pro Canada.

Motley Fool options and probably 17 other services,

Jim Gillies. And from Mot Funds Bill Barker happy Wednesday gentleman.

Good day. Thank you. We got some earnings to get to.

A little bit. We're also going to dip into the full mailbag, but let's start with the big fruit company.

Shares of Apple falling more than 5% this morning because all they did in the first quarter was sell 74.7 million iPhones.

And I chuckle Bill Barker, but this is only slightly higher than a year ago and it is the slowest sales growth

that they've experienced since they first introduced the iPhone. Yeah a lot of

phones and a lot of money and they've already got a lot of money in the bank,

which we'll get to in a moment.

And the problem for the stock today is the guidance is the next quarter is going to be an actual decline

in earnings which is the first time that's happened since?

I think 2003?

Oh nine I think yeah that sounds more likely I like Jim's number okay I think it's more consistent I think it's likely. I like Jim's number.

Okay.

I think it's more consistent with reality.

It was during the credit crisis.

They had a bit of a drop.

So, anyway, that's the driving, driving the headlines today.

...