Tim Cook: switchers are buying iPhones in droves
Though massive, the iPhone business has plenty of room to grow because only a small fraction of Apple’s installed base upgraded to the latest iPhone 6 and iPhone 6 models. Fewer than fifteen percent of recent Apple buyers had an iPhone, with the remaining 85 percent of sales coming from switchers who used to own a non-Apple handset, in most cases Android. That’s the gist of an interview Apple CEO Tim Cookgaveto the Wall Street Journal’s last evening....