Analyst says Apple iPhone 7 "will disappoint"

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The recent decline in year-over-year iPhone sales, which has now occurred for two consecutive quarters after never happening before, has Wall Street concerned. Take Steve Grasso, director of institutional sales at Stuart Frankel. Grasso says Apple will "underperform perpetually." He says this despite the surge in Apple's stock that took place after the company reported its fiscal third quarter results. Grasso says that with everyone looking ahead at the Apple iPhone 7, "I think it can only disappoint."

Speaking about the iPhone, a report based on web traffic reveals that from the second calendar quarter of 2015 to the second calendar quarter of 2016, Apple lost web traffic share in 18 out of 20 countries. U.S.web traffic share dropped 4%, and in Germany the decline was 6%. Apple's slice of the web traffic pie in the U.K. declined by 10%.

Samsung's share of web traffic grew in 18 out of 20 countries in the four quarters that ended with the second quarter of 2016. 10% increases in traffic share were seen in France, South Africa, Canada, UK and Australia. Ironically, one of the two countries where Samsung lost web traffic share was one of the two markets where Apple's share rose. That was Saudi Arabia.

The report also shows that thanks to the Apple iPhone SE, 4-inch phones remained popular in Canada, France, Japan, UK and the U.S. In those countries, 4-inch phones owned web traffic shares of 20% and higher. Phones with a 1440 x 2560 (QHD) resolution grew their web traffic share over the last year (Australia +3.5%, UK +3.3, U.S. +3.1%, Germany +2.8% and France +2.7%). If you're interested in reading the report, click on the sourcelink.

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source: Device/Atlas (PDF), CNBC

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