Drop In Sales Leaves Some Wondering If Smartphone Era Is Ending

Smartphones have been a staple for just over a decade - in fact, the first iPhone debuted 12 years ago.

01/30/2019 9:00 a.m.

But smartphone sales are dropping, according to a new report in the Wall Street Journal.

Apple CEO Tim Cook recently said that the company expects a lower revenue for the quarter than previously stated. As a result, Apple’s stock experienced a “sharp drop.”

The report cites two main factors as the cause of the decline in smartphone sales: the saturation of smartphones in wealthier countries and the increasing costs for the latest models.

While it’s not exactly clear where the future of smartphones is headed, it’s safe to say that smartphone and other smart device manufacturers will have to keep up with consumer trends to stay afloat.

To view the full report on the Wall Street Journal, click here.

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