LOS ANGELES — Josie Taylor swore by her Apple phones for years. Until recently. The era of the $1,000 iPhone was just too much…
LOS ANGELES — Josie Taylor swore by her Apple phones for years.
Until recently. The era of the $1,000 iPhone was just too much to bear.
So when her battery died and it was time for a new model, and her wireless company offered her a Samsung Galaxy S8 phone, for free, she jumped. And has never looked back.
“For the most part, I have been really satisfied,” she notes. “There is no reason to spend $1,000 for a phone. There just isn’t.”
She is not alone.
Apple has been having a rough time of it on Wall Street recently, in the wake of several Asian suppliers cutting back on their guidance, suggesting that sales for the new phones are way softer than expected. Analysts say Apple has cut back on production to compensate.
Daniel Ives, an analyst with Wedbush Securities, says Apple will sell as many as 10 million fewer phones in 2018, due to the price hikes on the new top of the line models.
“Apple really opened a crack to Android to gain share,” he says. “Demand has softened.”
Android, developed by Google, is already the dominant mobile operating system, with an 85 percent market share, but much of that comes from lower-priced models popular in places like China, India and elsewhere.
