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Transcripts For CNBC Fast Money 20160426

The top and bottom line. Were at the afterhours session low. By the way, 38 billion in lost market cap in the afterhours session alone. The First Quarterly revenue drop in 11 years. The company did say it would raise its dividend return 50 billion more to shareholders. But investors didnt care about that. They dont care about that right now. Lets get to josh lipton, who just spoke to the ceo, tim cook. It was down 16 . I did just talk to ceo tim cook. Pressure points that number, he talked about tough comps. The iphone 6 was a blockbuster. A year ago, apple shipped 61 million iphones. He talked about the Macro Economic weakness and headwinds. The key question for investors is where is the iphone franchise heading from here. Cook sounding very confident and very upbeat. Hes still bullish on this franchise. He talked about new markets to india. A small market share there relatively. India popping more than 50 . He talked about the iphone se with the smaller form factor, relatively cheape

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