Too much iPhone reliance. Apple is hugely reliant on the iPhonethe iPhone accounts for 69% of Apple’s revenue. That’s a potential problem, because smartphone sales are slowing in most of the biggest iPhone markets.
In the United States and Western Europe about 70% of cell phone customers own a smartphone. Going forward, smartphone sales will likely only grow by about 5% to 10% a year, according to Colin Gillis, analyst at BGC partners.
Related: Apple has mind-boggling $178 billion in cash to spend
–
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.
Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.