Are Apple fans learning at last?

iPhone 5

Apple Inc faces an unusual phenomenon when reporting earnings this time around: low expectations.

Few are expecting the world’s most valuable technology company — which surpasses Wall Street expectations with near regularity — to deliver a bumper quarter once more on Tuesday.

The main reason: consumers holding out for the new iPhone.

Apple may still surprise market watchers, but many Wall Street analysts and investors remember how chatter over the launch of a new iPhone last year caused Apple to miss quarterly expectations in the fall, for the first time in years…

via Apple heads into choppy waters as new iPhone awaited | Reuters.

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