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Apple heads into choppy waters as new iPhone awaited

Apple heads into choppy waters as new iPhone awaited

Jul 23rd, 2012

SAN FRANCISCO (Reuters) - Apple Inc faces an unusual phenomenon when reporting earnings this time around: low expectations. Few are expecting the world's most valuable technology company -- which surpasses Wall Street expectations with near regularity -- to deliver a bumper quarter once more on Tuesday. The main reason: consumers holding out for the new iPhone. Apple may still surprise market watchers, but many Wall Street analysts and investors remember how chatter over the launch of a new iPhone last year caused Apple to miss quarterly expectations in the fall, for the first time in years. ... (Source: Reuters) -
Shared by Erwin De Laat

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