Apple’s offer to replace batteries could hurt 2018 iPhone sales

Apple’s 2018 iPhone sales may take a hit after the company cut replacement costs for failing batteries, Reuters reports citing Barclays analysts.

Advertisement

After reports surfaced Apple intentionally slowed down older iPhones with weakening batteries, the company slashed the battery replacement price for the iPhone 6 and later models from $79 to $29.

Should iPhone users opt to replace batteries rather than upgrade to a new device, Barclays predicts Apple’s iPhone sales could face headwinds in 2018.

Mark Moskowitz, a Barclays analyst, said 77 percent of iPhone users have a 6, 6 Plus, 6s, 6s Plus, 7, 7 Plus or SE model. Even a small portion of iPhone users choosing to replace their device batteries over an upgrade may affect sales, he speculated.

More articles on business:
Peter Thiel’s venture capital firm buys millions in bitcoin as cryptocurrency continues surge
Weinstein film studio nears sale for under $500M
Unemployment is down: Why aren’t wages and inflation going up?

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Uncategorized

Advertisement

Comments are closed.