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What if Apple Threw an iPhone Party and Nobody Came?
There’s another Wall Street pro starting to wax pessimistic on the prospects for the next iPhone. Raymond James analyst Tavis McCourt is revising his top- and bottom-line forecasts for the new Apple (NASDAQ:AAPL) quarter to the downside. He sees revenue of $45.04 billion for what will be Apple’s fiscal fourth quarter, below the market consensus of $46.14 billion. He also lowered his earnings projection from $1.56 a share to $1.41 a share. This is a pretty big deal because Apple is widely expected to introduce its next smartphone before the quarter’s end. McCourt’s concerns make sense.
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