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Evidence Apple iPhone Sales Have Peaked In One Chart

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A recent report from Morgan Stanley analyst Katy Huberty stated sales of Apple Inc. (NASDAQ: 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 FY2016, Apple may only sell 218 million iPhones. If this trend holds, it could be Apple's first year of declining iPhone sales ever.

Related Link: Play Jabil Circuit Earnings With Apple Stock

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.

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.

Wall Street In Step

Many analysts have trimmed their iPhone estimates of late. Susquehanna, JPMorgan, Barclays and Morgan Stanley have all lowered their guidance in the past week.

One Chart

Perhaps the best evidence is in one chart, produced by Statista analyst Felix Richter.

chartoftheday_4149_iphone_sales_n_1.jpg

Latest Ratings for AAPL

DateFirmActionFromTo
Oct 2019MaintainsEqual-Weight
Oct 2019MaintainsOutperform
Oct 2019UpgradesNeutralBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

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