Later today, Apple will announce downbeat results from the first quarter of 2016, nearly three dozen financial analysts bet today.
According to Philip Elmer-DeWitt, who formerly blogged about Apple for Fortune but left the magazine earlier this month to kick off his own Apple 3.0 subscription-based site, all 11 independent and 19 institutional analysts pegged rare year-over-year declines in Apple’s revenue and a fall in unit sales of its iPhone and iPad lines. Most of the 30 analysts also bet that Mac sales would also slip from the same quarter of 2015.
Elmer-DeWitt has been collecting and averaging financial analysts’ forecasts for years, and continued the chore on his new site.
Original URL: http://www.computerworld.com/article/3061775/apple-ios/financial-analysts-forecast-first-ever-year-over-year-decline-in-iphone-sales.html#tk.rss_all