Apple’s battery replacement program could slash iPhone sales by 16 million

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, California-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…

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