In a roller-coaster of a research report issued Tuesday, analysts for CIBC World Markets said they are picking up a significant decline in demand for Apple Inc.’s iPhone this month, but added that a second-generation of the handset could arrive much sooner than expected.
“Based on our store checks, we believe that demand for the iPhone has seen a significant decline in the past 10 days,” analyst Ittai Kidron told clients. “We have noticed decent inventories at stores, and thin demand at best. In fact, most Apple store visitors were not looking at the device and only a very small subset bought it.”
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