Reports of weak iPhone 8 demand are way off the mark

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...

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