NEW YORK—Apple Inc.’s offer to replace iPhone batteries cheaply may cut sales of new handsets by millions of units this year, according to Barclays analyst Mark Moskowitz. The Cupertino, Calif.-based company recently said it intentionally slows down iPhones with older batteries to prevent the handsets abruptly shutting down. Apple stressed that it hadn’t intentionally slowed the devices to encourage users to purchase newer models. In response to customer complaints, Apple apologized and cut the price of replacement batteries from $79 (U.S.) to $29 for many older iPhones. While analysts agree this was a good public-relations move, some are concerned that it will dent future sales of iPhones, a product that accounts for roughly two-thirds of Apple’s revenue.

Source: thestar January 03, 2018 18:45 UTC