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.
Or, more pithily: “Apple stock falling probably has more to do with their new phones costing upwards of $1000.00 that they still can’t hold a charge for longer than 3 hours IMO. At some point you’ve priced yourself out of the market. It’s absurd.”
Related (From Ed): Apple’s Terrible No Good Very Bad Earnings Warning.