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Here's Why You Shouldn't Be Worried if Apple Reports Declining iPhone Sales

Analysts expect Apple to post its third consecutive quarter of declining iPhone sales when it releases quarterly earnings after the closing bell on Tuesday.
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Analysts expect Apple (AAPL) - Get Report  to post its third consecutive quarter of declining iPhone sales volumes when it releases quarterly earnings after the closing bell on Tuesday. "I think [Apple CEO Tim Cook] is going to point to very strong growth in the services business, such as Apple Music," said Michael Ingram, a market analyst with BGC Partners in London. In its fiscal third quarter, Apple services revenue rose 19% year-over-year to roughly $5.98 billion, while iPhone and Mac revenue fell 23% and 13%, respectively. Ignram also comments on Alphabet's (GOOGL) - Get Report new Pixel phone. TheStreet's Scott Gamm reports from Wall Street.

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