Reports of weak iPhone 8 demand are way off the mark

%name Reports of weak iPhone 8 demand are way off the mark by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

A recent piece from Bloomberg argues that investors might have reason to be concerned about demand for the iPhone 8. Citing early disclosure data from AT&T financial statements, Shira Ovide relays that the number of subscribers opting to exchange older smartphones for newer models dropped by 900,000 year over year.

“The quarter included about a week of U.S. sales for Apple’s iPhone 8 models, one of two new smartphone lines the company debuted last month,” Ovide writes. “If the iPhone 8 had been a hit out of the gate, then I would have expected AT&T’s upgrade number might at least have fallen less dramatically.”

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