iPhone owners are holding onto models for longer periods as their quality improves and the average selling price rises, leading to a slowdown in the product’s replacement cycle, said Angelo Zino, senior equity analyst at CFRA.
“[Apple] continues to try to push toward these higher-price devices, and we think that is continuing to cause a slowdown in the replacement cycle,” Zino said on Tuesday, adding he doesn’t see that as a broader warning for the state of the US consumer.
That’s a good explanation but I suspect not the entire explanation.
It ignores how many other lower-priced phones — Android ones — are Good Enough for many people. Let’s remember Fraser Speirs’ story.