Apple's U.S. iPhone Installed Base Growth Is Slowing

As Apple's (NASDAQ: AAPL) iPhone business continues to slow, with iPhone revenue falling 9% last quarter, the company's installed base growth is likewise slowing. That's especially true in developed markets like the U.S., where most purchases are upgrades instead of first-time users. Consumer Intelligence Research Partners (CIRP) has released new estimates this week that suggest the Cupertino tech giant's U.S. iPhone installed base inched higher to 204 million at the end of the third quarter.

Here's what investors need to know.

Image source: Apple.

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Source Fool.com