As iPhone fans await the release of a new model, they are
delaying purchases and may cause Apple Inc., the world’s largest company by
market value, to post its slowest sales and profit growth in more than two
years, Bloomberg writes.
With a redesigned model probably arriving by October,
analysts estimate that sales of iPhones -- Apple’s biggest source of revenue --
slid in the fiscal third quarter from prior periods. While analysts predict
that the next iPhone will be the best-selling smartphone yet from Cupertino,
California-based Apple, the purchasing delays will probably weigh down results
until the device hits stores.
A similar slowdown occurred ahead of last year’s iPhone 4S
release in October, causing Apple’s shares to slide when the company reported
profit that fell short of analysts’ estimates for the first time since 2003....
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