Apple iPhone 7 sales might be affected by its older brothers

While the Apple iPhone 7 and iPhone 7 Plus are solid devices, it seems they’re under threat by their own older siblings. Ahead of Apple’s release of its quarterly results, some Wall Street analysts predict that the iPhone 6 and 6s pulled down the average selling price of the current Apple flagship phones during the holiday season. And that could hurt the overall results of the company for the quarter.

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Apple's all-time record revenue, iPhone Sales Grow 142 %; iPad Sales Grow 183 %

Apple announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The iPhone maker posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 per cent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 per cent of the quarter’s revenue.

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