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Why People Aren't Quite So Hot For iPhones Anymore

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Apple shares fell 4% on Tuesday, amid growing concerns around a slowing iPhone cycle. According to Business Insider, at least four of the tech giant's suppliers have cut their own guidance due, in part, to weakness in the smartphone market. CFRA senior equity analyst Angelo Zino says he thinks he knows why the market is cooling off. He believes that because the prices of Apple iPhones keep rising, consumers are holding onto their models for longer periods of time relative to previous cycles.

Added on the 08/12/2018 14:06:52 - Copyright : Wochit

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