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Apple predicted to post almost no revenue growth in fiscal Q3

Apple Fiscal Q3 Earnings Expectations

What a difference a year makes. Last summer Apple was still on top of the world and its stock price was headed for $700. This year, the company faces the prospects of slower growth and declining margins as the high-end smartphone market nears saturation. Fortune reports that the emerging consensus among Wall Street analysts is that Apple will post significantly lower year-over-year revenue growth in the fiscal third quarter of 2013. In fact, Fortune’s own preliminary survey shows that analysts now expect the company to report $35.02 billion in revenue on the quarter, which just happens to be the exact same figure that Apple posted in the fiscal third quarter last year. Apple will report its fiscal Q3 earnings on July 23rd.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.