Whatever it is Apple has cooking (and many expect a watch or possibly a more serious entry in the television space), it can't come soon enough. While smartphones continue to grow, most of that growth is in the low-end and mid-tier of the market–areas Apple has continued to eschew in favor of producing premium iPhone models.
In its earnings report this week, chipmaker ARM Holdings forecast that the high-end part of the smartphone market — the only part in which Apple currently competes — will grow only an average of 4 percent over the next five years.
—By Ina Fried, recode.net.
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