Earlier quoted context omitted.
Apple is basically a smartphone company at this point, and smartphone sales are plummeting. And I think they're plummeting for the same reason desktop sales plummeted. We went from a time where a new PC was a bit dated in 3 months and obsolete in 2 years, to modern times where a desktop from a decade ago is good for pretty much everything, even including high end gaming if you started with a high end card. The exact…
> Apple is basically a smartphone company at this point, and smartphone sales are plummeting. iPhone sales aren’t plummeting at all: https://www.statista.com/statistics/263401/global-apple-ipho... https://www.demandsage.com/iphone-user-statistics/
Growth is either from an expanding market or an expanding market share, since it’s not an expanding market that leaves the market share.
I would image there is some substitution, with iPhones lasting longer on average it becomes more cost effective to switch to iPhones so they capture more market share. But if the general market doesn’t expand then it’s a fairly safe assumption that the new converts are going to wait before upgrading meaning that a decrease in sales is already partially baked in.
My anecdotal datapoint is 4 iPhones in 16 years which makes them rather cheap on an annual basis.
Edit: I had assumed that parent was correct, but as the peer pointed out iPhone sales have declined