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Apple Battery Replacement May Mean 16 Million Fewer iPhones Sold

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Apple Says It Never Meant to Slow Down Old iPhones
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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.

“Even a small percentage [of customers] opting for battery replacement over upgrade could have meaningful impact on iPhone sales,” he wrote in a note on Wednesday.