“Wall Street analysts expect Apple will report on Tuesday that it had a fairly miserable past quarter,” David Goldman reports for CNNMoney.
“Apple didn’t unveil any major products over the last three months. High-end smartphone sales are plateauing, and Apple has no real low-cost solution for prepaid customers and developing global markets. Apple customers are increasingly opting for iPad minis and older iPhone models, which carry lower profit margins than newer and bigger devices,” Goldman reports. “All of those factors will contribute to flat sales and a 22% drop in profit in Apple’s fiscal third quarter, analysts predict.”
Goldman reports, “Just because it’s not growing doesn’t mean Apple is unsuccessful. The company is still expected to post $35 billion in sales and $6.9 billion in profit. Apple is currently the sixth largest U.S. company measured by revenue, and its sales are expected to grow by 9% in 2013. Verizon last week reported that iPhone sales grew 44% last quarter…”
Read more in the full article here.
MacDailyNews Take: It takes special kind of writer to scribble “just because it’s not growing,” then report just two sentences later that “sales are expected to grow by 9% in 2013.”
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