AAPL...Evidence Apple iPhone Sales Have Peaked In One Chart

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Morgan Stanley analyst Katy Huberty's market report stated that sales of Apple Inc.
AAPL
iPhones are expected to decrease by 5.7 percent during Apple's fiscal year beginning in October. In fiscal year 2015, the company sold 231.1 million iPhones, however in the fiscal year 2016, Apple may only sell 218 million iPhones. 2016 will be Apple's first year to encounter a reduction in sales of iPhones. According to
IDC
, the worldwide smartphone market had grown 13.0 percent year over year in 2015. This growth was primarily due to gains experienced in emerging markets such as APEJ and MEA. IDC predicts to see a noticeable slowdown in smartphone shipments in 2015 as China catches up to North America and Western Europe with improved growth patterns. The report indicated that Android dominated the market with an 82.8 percent share in 2015 Q2. Samsung also reasserted global leadership, placing renewed focus on delivering lower-cost smartphones. Many analysts are predicting that Apple's best-selling product sales will fall next year. The prediction is mainly based in part on weaker demand from developed markets and supply chain issues. Pacific Crest said in August that investors should be prepared for the lower iPhone sales. KGI Securities analyst, Ming-Chi Kuo also made predictions that the iPhone sales will slow down in 2016. Will 2016 be the year that Apple's iPhone sales crash?
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