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Apple Is Poised for Explosive iPhone Growth — Despite the Slowing Upgrade Rate
Earlier this week, Consumer Intelligence Research Partners released a report showing that U.S. iPhone users have been holding on to their phones longer. At first, this new data point would seem to support Apple (NASDAQ:AAPL) bears’ contention that iPhone sales have peaked. However, one notable aspect of the CIRP report is that while the iPhone upgrade rate is slowing, it’s not slowing quickly. Given how rapidly the iPhone user base has grown in the past couple of years, this suggests that iPhone sales growth could be on the verge of accelerating again, at least for a little while.
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