Apple's AI iPhone Fails to Spark Upgrade Boom

CosmicTaco · 2024-11-27T22:58:49.354309+05:30

- Wall Street analysts were wrong about AI-powered iPhones driving a massive upgrade supercycle. - IDC reports only a 0.4% growth in Apple's shipments, while global handset shipments are expected to rise by 6.2%. - Apple's market share is being eroded by more affordable Android competitors, especially in China and emerging markets. Source: [Zerohedge](https://www.zerohedge.com/markets/ai-fails-spark-upgrade-supercycle-apple), [Fool](https://www.fool.com/investing/2024/11/27/2-stocks-worth-more-than-apple-in-10-years/?source=iedfolrf0000001)

Wall Street analysts were wrong about AI-powered iPhones driving a massive upgrade supercycle.
IDC reports only a 0.4% growth in Apple's shipments, while global handset shipments are expected to rise by 6.2%.
Apple's market share is being eroded by more affordable Android competitors, especially in China and emerging markets.

Source: Zerohedge, Fool