iPhone 5 May Cost Apple First Earnings Decline in a Decade
Apple may report its first quarterly earnings decline in nearly 10 years Wednesday — according to MarketWatch.
The decline would be due to the "launch of so many products — including the iPhone 5 and iPad mini." And, though investors are concerned about a "rapid slowdown" in iPhone 5 demand, the Cupertino company is still expected to post a sales growth of 19%.
However, investors are already looking beyond Q1, and whether Apple plans to produce a "low cost" iPhone will boost the company's growth going forward.
According to MarketWatch, Apple is expected to report earnings of $13.47 per share, compared to earnings of $13.87 per share reported for the same period the previous year. Revenue is expected to jump 19% to $54.9 billion.
