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Tim Cook did something unusual on last night's earnings call, sending a signal about Apple's shrinking universe (AAPL)

Tim Cook refused to talk about "Android switchers" on Apple's earnings call last night. iPhone sales have gone into decline despite the launch of iPhone X. Apple only showed revenue growth because of the high price of iPhone X. This signals danger for Apple: It is charging more, in a shrinking universe, for a product that may no longer be observably better than its cheaper rivals.
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