Is There a Slowdown in iPhone Demand?

This quarter, we looked at third quarter consensus estimate changes after companies reported. Almost all companies have reported, I mean, 90%, versus the past four years. For every 1% change downside on estimates, for this third quarter, when consistency estimates came down, there was a multiplier effective about three times compared to last year. So if the average 1% change affected a stock, you know, 20 cents, at this time it's-it's 80 cents.