Old iPhones could erase gloom from earnings report

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Sales of older iPhones may had strength to Apple's earnings report.
Sales of older iPhones may had strength to Apple's earnings report.
Photo: Jim Merithew/Cult of Mac

Analysts with sobering certainty say Apple is set to report its first ever decline in iPhone sales. Reports of cutbacks in production and shipments, and chatter about the iPhone 6s and 6s Plus not offering enough new features to inspire a rush to upgrade all point to one bummer of an earnings report.

But they might be overlooking one indicator – sales of older iPhones.

Apple To Respond To Greenlight Capital Suit This Coming Wednesday [Report]

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Screen Shot 2013-02-07 at 4.14.59 PM

Greenlight Capital is suing Apple in an effort to get Apple to send back more of its $137 billion cash reserves in the form of shareholder dividends. Apple took this fairly seriously, and issued a press release explaining where they were at on the issue, including the fact that the Cupertino-based company has already given shareholders $10 billion of a planned $45 billion in cash.

Today, however, a judge in the US Court for the Southern District of New York approved a request by both parties in the suit to move the timetable for a response, with Apple planning to file by the end of the day this coming Wednesday, according to a report in the Wall Street Journal.