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Verizon iPhone sales are already slowing down, analyst says

Updated Dec 19th, 2018 7:20PM EST
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According to a Goldman Sachs analyst, Verizon Wireless is expected to announce that second-quarter sales of the iPhone 4 dropped from the first quarter of this year. “iPhone sales will likely be a touch below the 2.2 million” units that the carrier moved during the first quarter, Goldman Sachs analyst Jason Armstrong told Bloomberg. Verizon Wireless started selling the iPhone 4 a full month after the first quarter started — one might expect with more time to move the phone during the second quarter that sales would be greater. It’s likely the jump in first-quarter sales was from built up anticipation, however, so it could be that Verizon subscribers aren’t as interested in the iPhone as most believed. Armstrong, who recently sat in meetings with Verizon Wireless’ investor relations execs, said that sales of other Verizon Wireless smartphones surpassed expectations for the quarter.

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