Monday, April 29, 2013

Consumers shifting to older iPhones

Consumers shifting to older iPhones:
Analysts on Wall Street are worried that Apple may have passed its peak in attracting consumers to the latest, newest iPhone offering.  Traditionally releasing a new iteration of the popular smart phone every year, the iPhone has become the phone of choice for many of the nation’s tech-savvy and fashion conscious.  Now, however, that trend may be changing as more and more are purchasing older, less costly last-generation phones instead.
The shift towards cheaper phones has begun to nibble at Apple’s profit margins, as these older phones are often sold by stores and providers at deeply discounted prices as Apple sells ...