Pursuits
Apple Results to Show How Far iPhone Sales Have Fallen
- Company forecast quarterly revenue decline on handset sales
- CEO Cook seeking more from consumer services tied to phones
Apple Preview: How Low Can iPhone Drive Revenue?
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Apple Inc. has warned investors that its quarterly earnings report will bear bad news about iPhone sales. The question now is just how bad.
The world’s most valuable company forecast in January that revenue would drop for the first time in more than a decade as iPhone sales slow. Analysts will probably be reassured by a sales decline that doesn’t outstrip Apple’s projections for the quarter that ended in March.