Apple Inc. is testing Wall Street’s patience with its slowing iPhone and iPad sales.
Shares of the world’s most valuable company have sunk more than 5 percent this year and investors will take cues on the stock’s future direction from a quarterly report today. Yet even with Apple set to get a boost from a new partnership to sell iPhones through China’s largest wireless carrier, revenue is projected to be flat for the first time in at least a decade, according to data compiled by Bloomberg. Profit is also estimated to decline 5 percent, making it the sixth consecutive period with little to no gains.
