True Pundit

Business Technology

Apple faces decade of uncertainty after next year’s iPhone

Apple Inc. is the world’s most valuable company and has a massive cash stash, but some analysts fear a prolonged period of weak innovation has set the company up for a “decade-long malaise.”

iPhone sales are expected to peak with the release of Apple’s AAPL, -0.51%  10th anniversary iPhone next year, according to models from Oppenheimer analyst Andrew Uerkwitz, who predicts 245 million iPhones will sell in Apple’s 2018 fiscal year. That would reflect an increase of 9% from the fiscal 2017 FactSet consensus estimate of 225 million, and an increase of more than 15% from the fiscal year that ended in October. – READ MORE