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Apple heads into choppy waters as new iPhone awaits

Apple products offered at the grand opening of

Photo credit: Stuart Bayer | Apple products offered at the grand opening of The Apple Store at the Ridge Hill Shopping Center in Yonkers. (June 30, 2012)

Apple Inc faces an unusual phenomenon when reporting earnings this time around: low expectations.

Few are expecting the world's most valuable technology company -- which surpasses Wall Street expectations with near regularity -- to deliver a bumper quarter once more on Tuesday.

The main reason: consumers holding out for the new iPhone.

Apple may still surprise market watchers,...

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