iPhone sales are slumping and Tim Cook thinks it's the fault of the users: They are not switching to newer models.
If you don't own the latest model of iPhone, you might as well use an android phone. Apple, as a company, has cashed in on this for the longest time.
Before they were busted.
A few months back, it was revealed that they allegedly deliberately slow down the phones so that people switch to newer models.
Apple clarified it was to avoid 'unexpected shutdowns'.
No one bought that. They bought new batteries instead, after they were made cheaper for redemption.
The company offered battery replacements at a discounted cost for anyone using iPhone 6 and the versions released later. For one year.
Now, the customers are content and iPhone sales are going down.
According to reports, Apple revenues for the first quarter have been lowered down from $89-$93 billion to $84 billion.