Analysts predicted Apple’s first for thirteen years, the drop in revenue

For the first time since 2003 Apple might show a decrease in revenue in the second fiscal quarter, which will be published tomorrow, reports CNBC with reference to analysts Thomson Reuters. It is expected that sales will fall almost 10%, to $52 billion, compared with $58 billion a year earlier, while earnings per share will be reduced to $1.99 from $2,33.

Analyst gene Munster of Piper Jaffray told CNBC that Apple was the victim of the success of the previous models of the iPhone 6, sales of which surpassed the iPhone 5 sales by 30% compared with a predicted growth of 15% and made 2015 a great success for the company.

However Munster advises not to consider the reduction of earnings as a change in trend, as sales of the iPhone are two-year cycles, and the annual result will be positive.

Smartphones are giving Apple two-thirds of revenue. In February, analysts at Gartner felt that in the fourth quarter of 2015, the number of iPhone sold declined by 4.4% yoy. They noted that this became the first decrease of sales of smartphones in the company’s history.

Revenue from Apple’s app grew last year by 10%, to $19.9 billion, which was 8.5% of total revenues. Stifel Nicolaus analyst Aaron Rakers believes that for the quarter, revenue from sales of applications increased by 24% to $6.2 billion, and such growth rates will continue throughout the year.

Over the past year, Apple shares fell 18% on investor concerns the next popular product will offer the company, says CNBC. During the same period, Alphabet, Facebook, and Amazon went up by 20%.