Sharply lower sales expected for the Apple iPhone during the current quarter

Securities house Goldman Sachs expects Apple iPhone sales to decline by as much as 36% year-over-year during the calendar second-quarter of this year. This period includes the three months starting in April and ending in June. The Goldman Sachs analysts see sales improving by the calendar fourth quarter to produce a much smaller 2% decline when compared to last year's fourth quarter. But that might be considered devastating news for Apple which is expected to release its first 5G iPhones during the holiday shopping season which takes place during those three months. To make matters worse, ...

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