Apple investors may want to brace themselves for an onslaught of negative headlines when Apple reports its Q2 2013 earnings in the coming month. According to Philip Elmer-DeWitt of Fortune's Apple 2.0 blog, Apple is expected to report its first year-over-year decline in income in ten years.
Much of this decline can attributed to lowered gross margins on products. As noted by DeWitt, Apple's gross margin in Q2 2012 sat at an im
