Apple’s iPhone Business ‘in a Difficult Spot’, According to Analysts – Slowdown Expected to Continue Throughout 2019

Apple’s iPhone Business ‘in a Difficult Spot’, According to Analysts – Slowdown Expected to Continue Throughout 2019

5 years ago
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https://wccftech.com/apple-iphone-business-slowdown-2019-credit-suisse/

More bad news surrounding Apple’s iPhone business was given form by Credit Suisse, commenting that this particular division belonging to the technology giant is becoming mature. According to analysts, iPhone sales dropped 3.2 percent in 2018 and looks like this year isn’t going to be any different. In fact, the slowdown is expected in 2019 as well, leading to a sales drop by another 12.4 percent. While 2020 is when we can expect some major iPhone features, 2019 isn’t expected to be a bad one in terms of upgrades but can it be enough to turn around the impression of these analysts?

In an investor note, AppleInsider reports that iPhone sales are more than 20 percent below their peak. The reason for the reduced sales is users holding onto their devices for a longer period than ever. Also, the increase in the asking price of smartphones has certainly not helped Apple’s cause either, irrespective of the upgrades these devices feature.