IPhone sales growth slowest ever expected

IPhone sales growth slowest ever expected

Tech January 26, 2016 12:49

- Tonight Apple announces its financial results for the first fiscal quarter of 2016. Expected to reach sales growth of iPhones in the holiday season quarter, only slightly above one percent. That is the lowest growth ever and come not near the double-digit growth that investors have come to expect from the company.

The iPhone 6S and 6S Plus booked record sales during the launch weekend in September, but currently there is little demand for the devices. Analysts have less distinctive characteristics than their popular predecessors. The new iPhones are also faced with competition from more well-selling older iPhone models.

'Apple is a victim of its own success, because the successful iPhone 6 product cycle is hard to match. Many customers buy or an older, cheaper iPhone 6 or wait for the iPhone 7, 'said analyst Daniel Ives of FBR Capital Markets Reuters. The declining economic growth in China, the fastest growing market Apple's iPhone manufacturer in the way.

Analysts expect Apple sold in the period October-December 2015 75.5 million iPhones, which is an increase of 1.3 percent compared to the same period a year earlier. According to data from statista was the slowest growth in quarterly sales on the iPhone until now 6.8 percent, which was recorded in the second fiscal quarter of 2013.

However, the suffering seems not yet over. The quarterly results in March is possible to see a drop in sales. It would be the first time that sales fall since the iPhone was launched in 2007.

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