Apple‘s investors are bracing themselves for what could be the worst quarter in 13 years. Not since 2003 has Apple reported a year-over-year decline in quarterly revenue, marking more than 50 consecutive quarters of growth. And when the iPhone debuted in 2007, Apple pushed the threshold further, growing into the most profitable company in the world today. However, with ubiquity comes market saturation, with many of Apple’s high-growth regions maturing.
Analyst are expecting earnings per share of $2.02 on $52.07 billion in revenue, according to the Estimize consensus data. Apple is the most widely covered stock on the Estimize platform, garnering more than 1,000 estimates in the last two quarters. As a result of the law of large numbers, the community has been historically more accurate than Wall Street in 82 percent of reported quarters.