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Recode Daily: Apple’s sales slipped again, but the holiday season looks brighter

The quarterly results were largely in line with expectations.

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As expected, Apple posted another quarter of declining sales and its first drop in annual revenue since 2001, but it forecast a modest rebound for the holiday quarter. Apple also saw a steep drop in its China business, but expects the iPhone 7 to turn things around there. — [Ina Fried / Recode]

Craig Barratt, the head of Google's high-speed broadband Fiber business, is stepping down as the unit halts rollouts to new cities and prepares layoffs. — [Kara Swisher / Recode]

Regardless of the numbers Twitter reports on Thursday, investors will need to hear some kind of plan to deal with its slow growth and the prospect of remaining a stand-alone company. — [Kurt Wagner / Recode]

At Recode's Code Commerce event, Facebook commerce chief Mary Ku said the social network isn't concerned with making money from its shopping services — yet; venture capitalist Kirsten Green described picking e-commerce winners that focus on the customer experience; and John Collison, co-founder of payments startup Stripe, said it's still too hard to sell stuff online. — [Recode]

The next Code Commerce event will be Dec. 6 in San Francisco, and speakers will include Square's Jack Dorsey, Apple Pay's Jennifer Bailey and Wish CEO Peter Szulczewski. Apply now for an invitation. — [Jason Del Rey / Recode]

AT&T's online-only DirecTV Now package will cost $35 a month and offer more than 100 channels when it launches next month, but CBS still isn't on board. — [Peter Kafka / Recode]

The headliners at this mornings Microsoft event (7 am PT; livestream here) are expected to be Windows 10 updates, a new Surface all-in-one PC and just maybe a "Home Hub" to compete with Amazon's Echo. — [Tom Warren / The Verge]

On the latest episode of Recode Decode, hosted by Kara Swisher, former AOL exec Ted Leonsis talks about the ill-fated $164 billion deal that created AOL Time Warner in 2000 — a deal that he says derailed AOL's momentum. — [Eric Johnson / Recode]

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