Apple Seen Forecasting Revenue Decline for iPhone Launch Quarter

Company expected to report third-quarter sales of $53 billion
Services, wearables in focus as analysts see iPhone sales dip

Bloomberg’s Sarah Ponczek and Amit Daryanani, Evercore ISI Managing Director, preview Apple’s earnings.Bloomberg: The Open." (Source: Bloomberg)

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By Mark Gurman and Jeran Wittenstein

July 30, 2019 at 10:00 AM UTC

Updated on

July 30, 2019 at 7:18 PM UTC

This article is for subscribers only.

When Apple Inc. launches a new iPhone, that usually means rising revenue. Chances are that won’t happen this year.

Apple reports fiscal third-quarter results on Tuesday, but all eyes will be on its forecast for the fiscal fourth quarter. That’s when the Cupertino, California-based technology giant is expected to release new versions of its flagship handset.