Apple Inc. (NASDAQ:AAPL) faces a tough time ahead of its third quarter of fiscal year 2016 (3QFY16) financial results, set to release on July 26. There are already fears around further slowdown in iPhone units, gross margin squeeze due to iPhone SE, and a less promising iPhone 7 cycle.
These concerns are not entirely based on rumors. In fact, many research reports are now supporting the down thesis. The two reports – one by The Nikkei and another by IDC – reflects that Apple is preparing for another disappointing quarter, which should cause a further decline in its market cap.