Apple shares were dropped over 4% 

Apple’s overall sales for the holiday quarter were about 5% lower than last year’s

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Luca Maestri and Tim Cook both repeatedly pointed to the economic uncertainty and issues in Chinese factories .

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CEO Tim Cook gave statement that three factors hurt the results: a strong dollar, production issues in China , and the overall macroeconomic environment.

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Apple shares were dropped over 4% at one point during extended trading.

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Apple's services revenue increased by 6% ,year over year to $20.77 billion in the December quarter.

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But hardware revenue has been declined 8% to $96.39 billion.

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Smartphones accounted for 56% of the company's total sales in the period.

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Apple's Mac computer sales fall over 29% to $7.7 billion.

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And the revenue from Apple's wearables, home and accessories unit declined from 8% to $13.5 billion.

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