Financial experts forecast more bad news for Apple
Later today Apple will once again announce a sales decline for its biggest product lines, including the iPhone, the company's financial powerhouse, according to more than two dozen analysts.
The September quarter results will be highlighted by a 6% year-over-year reduction in iPhone sales, making the third consecutive quarter of smartphone slump. The good news? The contraction will be less than half of the two previous quarters.
Apple's continued problems were spelled out by Philip Elmer-DeWitt, who runs the subscription-based Apple 3.0 website. Elmer-DeWitt has been collecting data from financial analysts for years -- starting when he blogged for Fortune -- and the seven independent and 21 institutional experts he queried forecast a drop in unit sales of the iPhone, iPad and Mac, and another decline in total revenue.
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