Apple shares have taken a beating of late, and a growing roster of Wall Street analysts say a slowdown in its iPhone cycle is to blame.
But the reason for the slowdown may be more straightforward than investors think, according to some analysts.
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.
