What's Behind the Slowdown in iPhone Sales?

The transcript discusses Verizon's outlook on the iPhone 7 and its potential to drive upgrades, despite current indifference and lack of subsidizing. It highlights the expected earnings decline and questions future revenue guidance. The slowdown in iPhone sales is attributed to factors like the previous surge with iPhone 6 and market saturation. The iPhone SE's impact on market expansion and profitability is considered, especially outside the US. Finally, the transcript touches on Apple's innovation potential, with a focus on new products and services like Apple Pay and the Apple Watch.

What potential impact could the new less expensive iPhone have on the market?

What is the significance of Apple's cash reserves in relation to their product strategy?