Wry & Dry

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'[1].  Apple, the maker of the iPhone, has signalled that the March quarter will see the first ever decline in sales of the iPhone. 

Apple cash cow 2

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.