Apple is poised to beat its own record for the most profitable quarter in US corporate history when it reports earnings on Tuesday.
But although net income is expected to hit $18.2bn, that is only 1 per cent above the record it set a year ago.
Now, with the smartphone market slowing and demand in China in doubt, Wall Street is more fixated on another potential milestone for the world’s largest company by market capitalisation: the iPhone’s first ever down year.
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