Apple is facing skepticism from analysts in advance of its earnings report this afternoon, with many forecasting its worst performance in a decade thanks to more intense competition. Moreover, Glen Yeung of Citibank Capital Markets became the second analyst to predict that Apple will delay introduction of its iPhone 5S by one or two months. A new study says older iPhone 4 and 4S models accounted for 47% of Apple's global smartphone sales last quarter, with the iPhone 5 making up the remainder. In good news for Apple, the U.S. International Trade Commission upheld an administrative judge's ruling that struck down a Motorola Mobility patent on touch-screen phone sensors.

Related Summaries