Apple’s Offer to Fix iPhone Batteries Could Cost Them 16 Million in New Sales

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.

Apple recently said it intentionally slows iPhones with older batteries to prevent the handsets abruptly shutting down. The Cupertino, California-based company s

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