“Apple beat analyst estimates with better-than-expected iPhone sales in its latest results. The numbers certainly convinced Tim Cook, Apple’s CEO, that the smart phone market is not at its peak,” Nick Kostov reports for MarketWatch.
“But others, namely analysts at Citi, aren’t so sure,” Kostov reports. “In a gloomy report Thursday, they argue that ‘device exhaustion suggests that demand growth for high-end smartphones is noticeably decelerating.'”
Kostov reports, “In developed markets, Citi estimates that 75% to 80% of the population already have smart phones. Even assuming an 85% target penetration rate, saturation would be hit next next year.”
Read more in the full article here.
MacDailyNews Take: Let’s see: Tim Cook or Citi analysts?
We had a more difficult decision choosing the maker of our personal computers.
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]