KeyBanc analyst Brandon Nispel and others wrote in the research report: We believe this new product is slightly bad for Apple's performance. High sales prices are unlikely to fully offset the pressure on gross margins, and shipments may decline, ultimately dragging down the user base and service business growth.

KeyBanc analyst Brandon Nispel and others wrote in the research report: We believe this new product is slightly bad for Apple's performance. High sales prices are unlikely to fully offset the pressure on gross margins, and shipments may decline, ultimately dragging down the user base and service business growth.