Earnings Outlook: Apple earnings: iPhone 7 could break streak of shrinking sales

Apple Inc. and its iconic smartphone may return to growth when the tech giant reports holiday-quarter earnings after the market closes Tuesday, which would reverse the first declines since the iPhone was born.

iPhone unit sales have declined for three consecutive quarters, leading to the first fiscal-year revenue drop for Apple AAPL, -0.26% in more than a decade, but analysts expect Apple’s flagship product to show a rebound in the first fiscal quarter, which was also the first full quarter of iPhone 7 sales. Apple’s fiscal year starts with the holiday-shopping season, typically the largest quarter of the year for the company.

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