Apple could disappoint investors, analyst says

Toni Sacconaghi, an analyst at Sanford Bernstein, appeared on CNBC Friday to give his preview of Apple’s earnings report, due next Tuesday after the close of trading.

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Sacconaghi said there’s a “reasonable probability” that Apple could miss analysts’ estimates for revenue for its third-quarter results.

Apple has seen two strong quarters of sales for the iPhone 4S and so sales for that product may see a lull. Also, the iPad has only just come out in China -- a development that, if it had happened earlier, would have boosted sales significantly.

A weak economic environment is another factor that could weigh on revenue, Sacconaghi said.

Watch out for a possible drop in Apple’s stock price, Sacconaghi added. The last time Apple missed revenue estimates, last year, its share price fell about 6 percent, he added.

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