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July 23, 2012 05:10 pm GMT

iPhone Sales Slow as Buyers Wait for iPhone 5





Holding off on buying a new iPhone? You're not alone, according to analysts who follow Apple.

The company, which is planning to announce its third-quarter earnings on Tuesday, is expected to report that fewer iPhones were sold in the period than in Q2. Andy Hargreaves, an analyst with Pacific Crest Securities in Portland, Ore., for instance, expects Apple to post sales of 25.4 million iPhones vs. last quarter's 35.1 million, according to Bloomberg. Morgan Stanley analyst Katy Huberty pegged the figure at 31 million.

The expected slowdown is mainly driven by the belief that Apple will introduce a new version of the iPhone in October, analysts say. Though Apple has characteristically k…
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More About: apple, iPhone 4S, iPhone 5, iphone, trending


Original Link: http://feeds.mashable.com/~r/Mashable/~3/Z0nyoNbVBOo/

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