People Bought Fewer New iPhones Because They Repaired Their Old Ones.
And they repaired their old ones because the new ones aren’t delivering the innovation and performance that used to make people scrap their perfectly-good older phones to buy the new ones. Possibly because Apple’s CEO is spending more time on social-justice nattering than on running the kind of company Steve Jobs would be proud of.
Related (From Ed): Apple’s Terrible No Good Very Bad Earnings Warning.
UPDATE: Five Ways to Look at Apple’s Surprise Bad News: None of them is good.
h/t GR
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