iPhone: Apple hopes that with more leeway, applicable only to iPhone 5 and later models, more people will upgrade to new iPhones, according to The Japan Times. Apple Inc. has told investors that it may book its first revenue decline in 13 years when it reports quarterly earnings in April due in part to weakness in the global economy. Until now, Apple offered credit to iPhone owners only if the device had an intact screen and working buttons. But the smartphone market has matured as well after a yearslong streak of blistering hot demand. Tech blogs have speculated about an iPhone 7 to be released in the fall with dual cameras and wireless earbuds. Apple relies on the iPhone for two-thirds of its revenue.
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Tagged under iPhone, global economy topics.