Wells Fargo Securities analyst Maynard Um has today suggested that the current slowdown of iPhone sales may not be confined to Apple, arguing that it is instead a trend visible in the smartphone market as a whole.
Recent Verizon figures show that its iPhone activations were up 25 percent year on year, whilst its other device were only up by 3 percent.
Um claims that any slowing down in iPhone sales isn’t isolated to Apple, but argued rather that the smartphone market was slowing down in the first quarter of 2013, citing lower than anticipated Blackberry and Nokia sales. iPhone sales were expected to drop following the holiday quarter, however some may be tempted to point out that the iPhone’s slowed sales are a sign that Apple is falling out of fashion, when in fact the evidence points to a stagnant smartphone market overall.
Um expects the smartphone market to pick up in the second half of 2013 as many iPhone users, myself included, find their iPhone 4S contracts coming to an end.
Via: Apple Insider