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Apple May Post Largest Fiscal 3rd-Quarter Revenue Drop Since 2016 on Weak iPhone Demand

Apple Expected To See Poor Q3 Results Due To Low Sales
Apple May Post Largest Fiscal 3rd-Quarter Revenue Drop Since 2016 on Weak iPhone Demand
The Apple logo is displayed at an event at the company's headquarters in Cupertino, Calif., on Sept. 10, 2019. Stephen Lam/Reuters
Bryan Jung
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Apple may post its biggest fiscal third-quarter revenue drop since 2016 because of weak demand for its iPhones.

Apple’s earnings report for the April-June period, due out after the closing bell on Aug. 3, is expected to show a 1.6 percent decline in total quarterly revenue, according to Refinitiv, which would be its steepest third-quarter drop since 2016.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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