Morgan Stanley Analyst Predicts Sharp Decline in iPhone Sales

Morgan Stanley’s chief financial analyst Katy Huberty is predicting that sales of the Apple iPhone could fall by 5.7 percent in 2016. She is forecasting sales of 218 million units, down from 231 million for 2015, because of “higher prices in international markets (ex-China) and maturing smartphone penetration in developed markets weighs on upgrades and new user growth.”

Still, Huberty expects Apple to increase revenues by 2 percent thanks to sales of other products like the Apple Watch and Apple TV.

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