Apple Sales Expected To Slow Down Due To iPhone 5 Wait

Posted Jul 23, 2012

Analysts are predicting that Apple will be reporting a weaker quarter than usual because consumers are waiting to buy the iPhone 5 when it is expected to be released in October.  Apple is expected to report their quarterly earnings next week.  The iPhone sales figures are expected to drop in Q3 in Europe and China especially.  Apple is expected to report a third-quarter earnings of $10.35 per share on revenue of $37.2 billion according to Thomson Reuters.  This would be a case where of history being repeated since iPhone sales dipped 17.1% in Q3 2011, which was just ahead of the iPhone 4S release.  However analysts are predicting a huge Q4 for Apple if the iPhone 5 and iPad Mini rumors are true.