Apple’s Next Forecast Will Likely Show Sales Are Still Falling

Analysts estimate $59 billion in fiscal second-quarter revenue
Company cut its holiday forecast after iPhone upgrades slowed

William Power, senior research analyst at Baird, previews first-quarter results from Apple.Source: Bloomberg

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By Jeran Wittenstein and Mark Gurman

January 29, 2019 at 10:00 AM UTC

Updated on

January 29, 2019 at 2:50 PM UTC

This article is for subscribers only.

Anyone looking for an upbeat forecast from Apple Inc. is likely to be disappointed when the company reports results later on Tuesday.

The company is set to report its first holiday quarter sales decline since the iPhone launched, and analysts are predicting revenue will keep shrinking in the current quarter.