Inside the White House with D.C.'s most wired reporter. Sign up for Mike Allen's Axios AM.


Slashing replacement battery cost could tank iPhone sales

Apple is offering to replace batteries at a steep discount. Photo: Jaap Arriens / NurPhoto via Getty Images

Apple's offer to replace old iPhone batteries at a steep discount — for $29 instead of $79 — could cause sales of new phones to drop by millions of units, Barclays analyst Mark Moskowitz told Bloomberg.

The backdrop: Apple made the conciliatory move to replace old iPhone batteries at a discounted price after the tech giant admitted to — and faced backlash for — slowing down some old iPhones.

More stories loading.