When Apple posts its earnings results for the March quarter later this afternoon, don’t expect to see any huge surprises. As we covered previously, Apple’s projected revenue for the quarter will likely fall due to an anticipated year-over-year decline in iPhone sales. Hardly a surprise, Tim Cook projected an iPhone sales shortfall during Apple’s last earnings conference call. Cook, however, did caution that the drop-off in quarterly iPhone sales may not be as severe as some bearish analysts on Wall St. might assume.
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