Apple posts lowest iPhone growth rate in more than 3 years

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Apple has announced their FY Q2 2013 results, which have come in better than analysts very low expectations, resulting in a small rise in their moribund shares.

The news should however ring major warning bells for Apple fans, with Apple posting shipments of only 37.4 million iPhones in the quarter, down from 47.79 million in the holiday quarter, but also only up 2.4 million handsets from FY Q2 2013, showing growth of only 7% YoY.

In contrast Nokia grew Lumia sales 180% YoY and 27% sequentially.  While Nokia expects Lumia sales to show even better growth in the next quarter Apple has guided lower for their next quarter, expecting revenue to decline YoY for the first time since 2003.

Apple, once known for meteoric growth, appears to have reached the top of their roller-coaster ride.

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