According to various analysts, Apple may well fail to meet the quarterly guidance set by Wall Street, something the Cupetino-based firm experienced at the same time last year.
Playing into Android's hands?
Although this may not sound like great news for Apple, it's still expected to turn a healthy profit and hit its own targets for the quarter.
However the lull in consumer spending will play into the hands of Samsung, HTC, LG and the rest of the Android gang, with several next-gen, quad-core handsets already on the market.
In typical Apple fashion, there's been no word from the firm on the sixth generation of iPhone, although plenty of rumours suggest it's set to sport a larger screen, new design and more powerful processor.
Expected to arrive sometime in September or October, alongside the roll out of iOS 6, the iPhone 5 will no doubt be another hit for the Cupertino company – make sure you keep up to date will all the latest with our iPhone 5 release date, news and rumours article.
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John joined TechRadar over a decade ago as Staff Writer for Phones, and over the years has built up a vast knowledge of the tech industry. He's interviewed CEOs from some of the world's biggest tech firms, visited their HQs and has appeared on live TV and radio, including Sky News, BBC News, BBC World News, Al Jazeera, LBC and BBC Radio 4. Originally specializing in phones, tablets and wearables, John is now TechRadar's resident automotive expert, reviewing the latest and greatest EVs and PHEVs on the market. John also looks after the day-to-day running of the site.