Consumers’ shift to older iPhones raises concerns on Wall Street – latimes.com:
There’s two things that analysts may need to understand.
Thing one is – most people are on a two year contract, so you don’t jump phones just because.
Thing two is – many of the iphone 4 buyers are “second wave” buyers. In my personal experience they are the fathers and other folks you finally convinced to buy a smart phone, get off of a flip phone (or no phone) and get a phone. So the fact that they are buying *any* Apple phone means that Apple is getting more consumers into the Apple ecosystem. Which quite frankly is still the most robust and easy to use app system.