“While many Apple investors are worried about iPhone sales falling for the first time ever on a year-over-year basis, Credit Suisse analyst Kulbinder Garcha has raised another concern: a possible decline in gross profit margins,” Patrick Seitz reports for Investor’s Business Daily.

“‘We continue to see evidence of a subdued iPhone 6S cycle,’ he wrote. ‘We again adjust down our iPhone estimates for March and calendar year 2016 to 48 million and 207.2 million (units) respectively,'” Seitz reports. “Apple’s gross profit margins are poised to decline, he said.”

“He sees several items negatively affecting corporate gross margins over the next 12 months. They include lower gross margins for the iPhone 6S cycle vs. the iPhone 6 cycle, a lower mix of 5.5-inch iPhone 6S Plus sales, and foreign currency headwinds,” Seitz reports. “He predicts Apple’s gross margin will slip to 38.8% in calendar 2016 and 38.6% in 2017 from 40% in 2015.”

Read more in the full article here.

MacDailyNews Take: Oh, goodie, more “concerns.” iPhone-centric, no less. Just what we need!

SEE ALSO:
Goldman Sachs: Apple is ‘a compelling buying opportunity’ – January 20, 2016

[Thanks to MacDailyNews Reader “David E.” for the heads up.]