Consumers' shift to older iPhones raises concerns on Wall Street

  • Article by: Chris O’Brien , Los Angeles Times
  • Updated: May 2, 2013 - 9:09 PM

Strong sales of the less expensive iPhone 4 may signal a reluctance by Apple customers to readily cough up more for the top of the line.

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mnpikeyMay. 2, 1310:29 PM

Has nothing to do with the price, its the new propriety connector they forced upon consumers making all previous cables/docks/adapters/etc...worthless.

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chasgoodniteMay. 2, 1311:42 PM

Found the iPhone5 is unwieldy-top heavy and expensive. I'm not on you tube all day, so why do I need 4G? Price is also a factor. And yes, I don't need one more power connector in the quiver.

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porcupine12May. 3, 13 2:15 AM

People are getting savvy. Why not be patient for something bigger and better like a bigger screen such as the htc one. That's what they're waiting on Apple for. People know it is just around the corner. So in the meantime...

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luxaeternaMay. 3, 13 5:14 AM

The iPhone 5 has very little that is compelling over the 4S.

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Packman_1May. 3, 13 6:16 AM

Poor Wall street. I guess they'll have to put their money into something safer than Apple. Like junk bonds or mortgage back securities.

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moony70May. 3, 13 6:55 AM

Where I live Verizon doesn't even have 4G capabilities anyway so why waste the money on the iPhone5. I hope my life never gets busy enough to warrant the necessity to have a phone that costs so much. I choose a slower paced life in the Northwoods....but that is just me, to each is own...

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pitythefoolsMay. 3, 13 7:36 AM

Without Steve Jobs, Apple is toast.

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editor29May. 3, 13 7:41 AM

This article makes me very, very concerned that there won't be an iPhone 16 in our future. Whatever will we do?

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bobajoulMay. 3, 13 7:42 AM

While the haters postulate, I think it is something simpler. When an iPhone was introduced in the past, there was pent up demand because supply chains could not keep up- nothing stokes desire like inaccessibility. The 5 sold a lot early, the lines were short to nonexistent and there was no "hysteria" about getting one, so it just became another phone, new but available. A big part of the image in the past was cutting edge, tough to get and hype. The first two are true but the hype is much less. Partially because a big part of the hype was Steve Jobs' presentations and persona. That is no longer part of the presentations, and interest has dropped. They still sell tons of phones and own the market for profitability (70-80% of all profits in smartphones) but they are not such symbols of attainment anymore.

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editor29May. 3, 13 7:52 AM

Sometimes, less is more.

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