Apple's tree no longer growing
The iPhone, that bellwether of technology fashion and function, looks like becoming what the Boston Consulting Group, a management consulting firm, might term a 'cash cow'. Apple, the maker of the iPhone, has signalled that the March quarter will see the first ever decline in sales of the iPhone.
Apple: now a cash cow?
Good grief! Yes, folks, this could be the end of the seemingly unstoppable growth of Apple. iPhone sales for the March quarter are expected to fall 26% on the same quarter last year. Some two-thirds of Apples' profits come from the iPhone. The stock price is down some 25% from its US$133.13 high last year.
Readers will remember the first iPhone was released in January 2007 by the legendary Steve Jobs.