Apple missed targets for iPhone sales and sales of Research In Motion’s BlackBerry have “collapsed,” not to mention the recent multi-day global outage.
Analysts may argue that the rise of products like powerful tablets have hurt smart phone sales. Some of us think that is partly true. Tablet sales have grown much faster than did sales of Apple iPhones or iPods.
But lower-cost smart phones now are about to pour onto the market, and the high penetration of mobiles means there still is a huge replacement market.